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PUBLISHER: IMARC | PRODUCT CODE: 1370473
PUBLISHER: IMARC | PRODUCT CODE: 1370473
Automotive Antifreeze Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
Market Overview:
The global automotive antifreeze market size reached US$ 4.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Automotive antifreeze is a colored liquid that is used as an additive along with water to maintain the temperature of the internal combustion engine (ICE). Ethylene glycol, propylene glycol, and glycerin are some commonly used automotive antifreeze fluids. They are produced through organic acid technology (OAT), inorganic additive technology (IAT), and hybrid organic acid technology (HOAT). Automotive antifreeze is widely used to regulate the engine during extreme weather conditions and protect it from corrosion. It acts by lowering the water's freezing point and raising its boiling point, which, in turn, protects the engine from extensive damage, explosion, and overheating.
Automotive Antifreeze Market Trends:
The market is primarily being driven by significant growth in the automotive industry. Automotive antifreeze is widely used in passenger and commercial vehicles to maintain optimum fuel economy, reduce maintenance costs, prevent breakdowns, rust, and electrolysis, and extend the life of rubber and plastic components. Furthermore, the widespread utilization of heavy-duty antifreeze in construction equipment, such as bulldozers, excavators, harvesters, trenchers, and forklifts, is providing a considerable boost to market growth. Additionally, the introduction of environmental-friendly and bio-based antifreeze, such as glycerin that can be produced from corn, stover, and other oil-rich sources, is providing an impetus to market growth. Moreover, the rising demand for high-quality, technologically advanced additive supplements in antifreeze to improve the health and longevity of diesel engines by inhibiting corrosion and cavitation is creating a positive outlook for the market. Other factors, including the implementation of various government initiatives promoting the use of high-performance lubricants to reduce carbon footprints and extensive research and development (R&D) activities to engineer cost-effective and non-toxic product variants with extended life, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive antifreeze market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on fluid type, technology, vehicle type and distribution channel.
Breakup by Fluid Type:
Ethylene Glycol
Propylene Glycol
Glycerine
Breakup by Technology:
Inorganic Additive Technology (IAT)
Organic Acid Technology (OAT)
Hybrid Organic Acid Technology (HOAT)
Breakup by Vehicle Type:
Passenger Vehicle
Commercial Vehicle
Construction Vehicle
Breakup by Distribution Channel:
Original Equipment Manufacturers (OEMs)
Aftermarket
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AMSOIL Inc., BP p.l.c., Chevron Corporation, Cummins Inc., ExxonMobil Corporation, Fuchs Petrolub SE, Halfords Group PLC, Motul S.A, Prestone Products Corporation, Recochem Inc., Shell plc, TotalEnergies SE, Valvoline Inc. and VOLTRONIC GmbH.
Key Questions Answered in This Report
- 1. What was the size of the global automotive antifreeze market in 2022?
- 2. What is the expected growth rate of the global automotive antifreeze market during 2023-2028?
- 3. What has been the impact of COVID-19 on the global automotive antifreeze market?
- 4. What are the key factors driving the global automotive antifreeze market?
- 5. What is the breakup of the global automotive antifreeze market based on the fluid type?
- 6. What is the breakup of the global automotive antifreeze market based on the technology?
- 7. What is the breakup of the global automotive antifreeze market based on the vehicle type?
- 8. What is the breakup of the global automotive antifreeze market based on the distribution channel?
- 9. What are the key regions in the global automotive antifreeze market?
- 10. Who are the key players/companies in the global automotive antifreeze market?
Product Code: SR112023A6246
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Antifreeze Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Fluid Type
- 6.1 Ethylene Glycol
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Propylene Glycol
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Glycerine
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Technology
- 7.1 Inorganic Additive Technology (IAT)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Organic Acid Technology (OAT)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Hybrid Organic Acid Technology (HOAT)
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Vehicle Type
- 8.1 Passenger Vehicle
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial Vehicle
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Construction Vehicle
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Distribution Channel
- 9.1 Original Equipment Manufacturers (OEMs)
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Aftermarket
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 AMSOIL Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 BP p.l.c.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Chevron Corporation
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Cummins Inc.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 ExxonMobil Corporation
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 Fuchs Petrolub SE
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Halfords Group PLC
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Motul S.A
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Prestone Products Corporation
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Recochem Inc.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Shell plc
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.12 TotalEnergies SE
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.12.4 SWOT Analysis
- 15.3.13 Valvoline Inc.
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.13.4 SWOT Analysis
- 15.3.14 VOLTRONIC GmbH
- 15.3.14.1 Company Overview
- 15.3.14.2 Product Portfolio
- 15.3.1 AMSOIL Inc.
Product Code: SR112023A6246
List of Figures
- Figure 1: Global: Automotive Antifreeze Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Antifreeze Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Automotive Antifreeze Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Automotive Antifreeze Market: Breakup by Fluid Type (in %), 2022
- Figure 5: Global: Automotive Antifreeze Market: Breakup by Technology (in %), 2022
- Figure 6: Global: Automotive Antifreeze Market: Breakup by Vehicle Type (in %), 2022
- Figure 7: Global: Automotive Antifreeze Market: Breakup by Distribution Channel (in %), 2022
- Figure 8: Global: Automotive Antifreeze Market: Breakup by Region (in %), 2022
- Figure 9: Global: Automotive Antifreeze (Ethylene Glycol) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Automotive Antifreeze (Ethylene Glycol) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Automotive Antifreeze (Propylene Glycol) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Automotive Antifreeze (Propylene Glycol) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Automotive Antifreeze (Glycerine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Automotive Antifreeze (Glycerine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Automotive Antifreeze (Inorganic Additive Technology (IAT)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Automotive Antifreeze (Inorganic Additive Technology (IAT)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Automotive Antifreeze (Organic Acid Technology (OAT)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Automotive Antifreeze (Organic Acid Technology (OAT)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Automotive Antifreeze (Hybrid Organic Acid Technology (HOAT)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Automotive Antifreeze (Hybrid Organic Acid Technology (HOAT)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Automotive Antifreeze (Passenger Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Automotive Antifreeze (Passenger Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Automotive Antifreeze (Commercial Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Automotive Antifreeze (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Automotive Antifreeze (Construction Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Automotive Antifreeze (Construction Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Automotive Antifreeze (Original Equipment Manufacturers (OEMs)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Automotive Antifreeze (Original Equipment Manufacturers (OEMs)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Automotive Antifreeze (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Automotive Antifreeze (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: North America: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: North America: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: United States: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: United States: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Canada: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Canada: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Asia-Pacific: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Asia-Pacific: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: China: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: China: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Japan: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Japan: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: India: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: India: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: South Korea: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: South Korea: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Australia: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Australia: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Indonesia: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Indonesia: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Others: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Others: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Europe: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Europe: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Germany: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Germany: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: France: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: France: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: United Kingdom: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: United Kingdom: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Italy: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Italy: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Spain: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Spain: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Russia: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Russia: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Latin America: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Latin America: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Brazil: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Brazil: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Mexico: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Mexico: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Middle East and Africa: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Middle East and Africa: Automotive Antifreeze Market: Breakup by Country (in %), 2022
- Figure 79: Middle East and Africa: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Global: Automotive Antifreeze Industry: SWOT Analysis
- Figure 81: Global: Automotive Antifreeze Industry: Value Chain Analysis
- Figure 82: Global: Automotive Antifreeze Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Antifreeze Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Automotive Antifreeze Market Forecast: Breakup by Fluid Type (in Million US$), 2023-2028
- Table 3: Global: Automotive Antifreeze Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 4: Global: Automotive Antifreeze Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
- Table 5: Global: Automotive Antifreeze Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 6: Global: Automotive Antifreeze Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Automotive Antifreeze Market: Competitive Structure
- Table 8: Global: Automotive Antifreeze Market: Key Players
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