Market Research Report
Antifreeze Market Analysis, By Product (Ethylene Glycol, Propylene Glycol, Glycerin), By Technology (OAT, IAT, HOAT), By Application (Automotive, Aerospace, Industrial) And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||557286|
|Published||Content info||117 Pages
Delivery time: 2-3 business days
|Antifreeze Market Analysis, By Product (Ethylene Glycol, Propylene Glycol, Glycerin), By Technology (OAT, IAT, HOAT), By Application (Automotive, Aerospace, Industrial) And Segment Forecasts, 2014 - 2025|
|Published: August 29, 2017||Content info: 117 Pages||
The global antifreeze market is expected to reach USD 8.76 billion by 2025, according to a new report by Grand View Research, Inc. Growing automotive sector in emerging economies including China, India, Indonesia, South Korea and Mexico is expected to drive market demand.
Rising concerns in protecting automotive engines and radiators against overheating, freezing and corrosion is expected to drive the demand for antifreeze. Increasing demand for passenger cars & light weight commercial vehicles in China & India coupled with favorable government policies on automotive development and manufacturing is expected to create immense market potential.
Organic acid technology (OAT) accounted for over 51% of the global volume share in 2016. High demand for coolants based on minimally depleting carboxylate technology as substitutes for conventional antifreeze based on silicates, nitrates, phosphates and amines is expected to translate into rapid industry growth over the forecast period.
Aerospace accounted for the second largest application sector. Growing commercial aerospace subsector coupled with increasing defense budgets by countries including UK, Middle Eastern Countries, Japan, France, India and China will promote industry growth.