Global Antifreeze/Coolant Market - 2022-2029

Market Overview

The global antifreeze/coolant market reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.

Antifreeze, or coolant, is a liquid mixed with water to help regulate your engine during extreme temperatures. Coolant is pumped through the engine block to keep an even operating temperature as the temperature outside changes from hot to cold. Antifreeze does more than regulate temperature. Antifreeze is an essential engine coolant that helps regulate temperatures in vehicles. Antifreeze keeps the water in the engine and radiator from boiling over in hot weather. It is useful with liquids at temperatures of up to 275 degrees Fahrenheit.

Antifreeze is comprised primarily of either ethylene glycol or propylene glycol. Antifreeze may contain additives, such as silicates, nitrates, azoles or borates to control oxidation and corrosion. The additives make up less than 10% of the solution. Vehicles use a 50/50 mixture of antifreeze and water.

Market Dynamics

The market is expected to boost by introducing eco-friendly antifreeze/coolants in the forecast period.

Introduction of eco-friendly antifreeze/coolants

Between 25% and 50% of the 400 million gallons of antifreeze produced annually are disposed of improperly, polluting the environment. Though antifreeze will break down into non-toxic substances, the heavy metals and other contaminants pose a serious environmental risk. Ethylene glycol is found in most garages in the U.S. It also is harmful to pets and humans if ingested. Hence, companies are looking for more environmentally friendly options. Vegetable Based Antifreeze is a sustainable refined vegetable extract that is non-toxic, biodegradable and more thermally efficient than Propylene Glycol based coolants.

Since the start of the millennium, the popular coolant for forest machines has been propylene glycol. The toxic ethylene glycol, which remains widespread, companies are researching a more environmentally friendly alternative to its predecessor. Recently, Sveaskog tested a new coolant in their forest machines in cooperation with Avantherm. The coolant is patented by Avantherm and is based on renewable isoalkane made by Neste. The product is expected to be highly profitable for the climate, people and productivity.

Environment impacts associated with the use of ethylene glycol

Antifreeze can pollute surface water, groundwater and drinking water supplies if spilled or leaked and is harmful to marine and aquatic life. While in an engine, antifreeze can get contaminated with lead or fuel to the point where it must be handled as hazardous waste. Antifreeze with ethylene glycol poses a serious health hazard to humans and animals if ingested. However, antifreeze with propylene glycol is less toxic and is marketed as non-toxic.

Ethylene glycol is the most familiar and abundant constituent of vehicle antifreeze products. Under the Global Harmonized System of Classification and Labelling of Chemicals, its hazard phrase is H302, an acute oral toxin. Depending on the quantity of exposure, it can cause skin irritation. If inhaled, effects include headaches, nausea, dizziness and heart palpitations. Antifreeze, hazardous waste, must either be recycled or disposed of via a dangerous permitted waste hauler. While stored on-site, it must be managed by hazardous waste storage requirements.

COVID-19 Impact Analysis

The COVID-19 outbreak substantially impacted the global antifreeze/coolants market. Concerns about business closures and recession are affecting the automotive coolant market. New vehicles registration is declining as lockdown orders have restricted the number of vehicles running on roads. According to the OICA report, the automotive industry faced a production decline of 16% in 2020, to less than 78 million vehicles, equivalent to 2010's sales levels.

Europe as a whole witnessed a drop of over 21% on average. All main contributing countries had sharp declines, ranging from 11% to 40%. Moreover, the aviation industry also faced huge losses during the pandemic, which plunged the market demand. In 2022, China's aviation sector will seek to turn losses into profits this year, recovering to 85% of its pre-COVID volume of domestic passenger trips.

Segment Analysis

The global antifreeze/coolant market is segmented based on base fluid, technology, point of sale, application and region.

The demand for organic additive technology-based coolants is expected to boost due to their longer life duration

Based on technology, the global antifreeze/coolant market is segmented into hybrid organic acid technology, organic acid technology and inorganic acid technology. An organic additive technology (OAT) coolant includes only organic corrosion inhibitors such as carboxylates and triazole. The carboxylate acid inhibitors utilized in OAT coolants have very low depletion rates. A monomolecular layer of inhibitors is created on the metal surface only at the anodic sites where corrosion risks start.

The virtually non-depleting corrosion inhibitors provide OAT coolants an extended life which can often be for the lifetime of the engine or vehicle. It also offers superior diesel engine protection against freezing, boil-over, cavitation, liner pitting, corrosion, erosion, elastomer gasket degradation and scaling. Moreover, OAT coolants do not have nitrites added. OAT coolants are generally changed every five years or 50,000 miles, although some automakers set intervals as long as 10 years or 150,000 miles.

Geographical Analysis

Growing aviation and automotive industry in countries like India and China will grow antifreeze/coolants demand in Asia-Pacific

Asia-Pacific held a significant share of the global automotive coolant market due to the expanding automotive production in India, China and Japan and lower manufacturing and labor costs. Coolants are widely utilized in the industrial, automotive and aviation industries. Rising customer purchasing power and demand for passenger autos in India have assisted the expansion of the automotive coolant market for passenger vehicles. India was the fifth major automobile market in 2020, with 3.49 million units sold in commercial and passenger cars. By 2026, the country's vehicle sector (which includes component production) is expected to be worth US$ 251.4-282.8 billion.

China holds the largest automobile market worldwide, both in supply and demand. In 2019, China produced almost 21 million cars and 4.36 million commercial vehicles, making it the largest vehicle manufacturer. Moreover, China is the second-largest and fastest-growing civil aerospace and aviation services market globally. China will add 6,800 aircraft to its commercial fleet to handle the increasing demand.

Competitive Landscape

The global antifreeze/coolant market is highly competitive due to several global and local brands. Major players in the market include Valvoline Inc, Royal Dutch Shell, Chevron Philips Chemical Corporation, Exxon Mobil Corporation, Kost USA Inc., DuPont, Valvoline Inc, Castrol Limited, Motul, BP plc, Lukoil, PETRONAS Lubricants International, BASF SE, Total, China Petroleum & Chemical Corporation, Prestone Products Corporation, Evans Cooling Systems Inc., Huntsman Corporation LLC, among others. The players in the market are known to incorporate numerous market strategies to achieve growth in the global antifreeze/coolant market; these include mergers, expansion, product launches and collaborations.

For instance, in 2020, CCI Manufacturing USA Corp announced an investment of US$ 21.5 million to construct an advanced production facility in Alabama. CCI will produce automotive fluids at the new site, such as engine coolant.

Valvoline Inc

Overview: Valvoline Inc. is a provider of automotive services and marketer of branded lubricants worldwide, with sales in over 140 countries. Valvoline operates and franchises over 1,500 quick-lube locations and is the No. 2 chain by the number of stores in the U.S. It also markets Valvoline lubricants and automotive chemicals, including Valvoline EV Performance Fluids; Valvoline Hybrid Vehicle Full Synthetic motor oil; Valvoline Advanced Full Synthetic motor oil; Valvoline Premium Blue heavy-duty motor oil; Valvoline Automatic Transmission Fluid; and Zerex antifreeze.

Product Portfolio: Valvoline HT-12, a coolant technology, is approved by BMW and VW. The superior engine coolant was manufactured to meet the requirements of high-performance engines and provide a service life of up to 5 years. Due to its Si-OAT formulation, the product offers excellent cooling system components and metals protection. Valvoline HT-12 Green is free of phosphates, amines, nitrates and borates and is compatible even with tap water.

Key Development: In April 2021, Valvoline Inc. and Haertol launched new coolants technology designed for modern engines: Valvoline Antifreeze Coolant HT-12 Green and Valvoline Antifreeze Coolant HT-12 Pink.

Why Purchase the Report?

To visualize the global antifreeze/coolant market segmentation by base fluid, technology, point of sale, application and region and understand key commercial assets and players.

Identify commercial opportunities in the global antifreeze/coolant market by analyzing trends and co-development.

Excel data sheet with numerous data points of antifreeze/coolant market-level with four segments.

PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.

Product mapping available in excel consists of key products of all the major market players

The global antifreeze/coolant market report would provide approximately 69 tables, 65 figures and almost 213 pages.

Target Audience 2022

Service Providers/ Buyers

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