Europe and Middle East & Africa Antifreeze Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - Coolant Type, Technology, Application, and Distribution Channel

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Europe and Middle East & Africa antifreeze market size was valued at US$ 1,712.49 million in 2022 and is projected to reach US$ 2,327.46 million by 2028; it is expected to grow at a CAGR of 5.2% from 2022 to 2028.

Antifreeze is an important engine coolant that helps regulate temperature. Antifreeze keeps the water in the engine and radiator from boiling over in hot weather. As temperatures fall, antifreeze prevents the water from freezing. Antifreeze is primarily composed of either ethylene glycol or propylene glycol. It may also contain additives such as silicates, nitrates, azoles, or borates to prevent oxidation and corrosion. These additives usually make up less than 10% of the total solution. The major factor driving Europe and Middle East & Africa antifreeze market is the increasing vehicle production and aftermarket for antifreeze and engine coolants. The market growth in the region is also driven by the growing construction activities and sales of construction equipment. The increasing residential, industrial, and commercial construction activities, coupled with growing government investments in infrastructure development, has increased construction equipment sales. Further, environment-friendly and bio-based antifreeze products will offer lucrative opportunities for Europe and Middle East & Africa antifreeze market growth. Bio-based antifreeze is made from renewable and sustainable raw materials. It helps reduce carbon footprint. However, the volatility in the raw material prices is expected to restrain Europe and Middle East & Africa antifreeze market growth during the forecast period.

Based on coolant type, the Europe and Middle East & Africa antifreeze market has been segmented into ethylene glycol, propylene glycol, and glycerin & others. The ethylene glycol segment held the largest share of the Europe and Middle East & Africa antifreeze market in 2021. Ethylene glycol is an odorless, colorless, and viscous liquid. It possesses superior heat transfer properties. Ethylene glycol is an important ingredient in automotive antifreeze and coolant. It acts as a coolant to reduce overheating of car engines in the summer. Other applications of ethylene glycol include heat transfer fluids used as industrial coolants for gas compressors; heating, ventilating, and air-conditioning systems; and ice skating rinks.

Based on geography, the Europe and Middle East & Africa antifreeze market has been segmented into Europe and the Middle East & Africa. In 2021, Europe held the largest revenue share of the market. The antifreeze market growth in Europe is mainly driven by the increasing use of antifreeze in automotive, industrial heating/cooling, and energy sectors. In May 2022, European Green Deal and REPowerEU plan turned solar energy into a building block of the European Union's transition toward clean energy. This accelerated deployment of solar energy helps in reducing the European Union's dependence on imported fossil fuels. All these factors demonstrate that the region's use of solar energy is increasing. With this, the demand for antifreeze is also growing. Further, antifreeze plays an important role in maintaining cars. The automotive industry is one of the most important industries in Germany. The country is home to many global technological and automotive manufacturing companies. The automotive industry in France is also exhibiting decent growth in the country. France is home to many domestic and international carmakers and component manufacturers. The automotive industry is one of the major industries in Italy. In the UK, the automotive industry is vital to the country's economy. The strong presence of the automotive industry in the region creates a huge demand for antifreeze, driving the antifreeze market in the region.

Wacker Chemie AG, BASF SE, Chevron Corporation, Dow Inc., EXXON MOBIL CORPORATION, CCI Corporation, Old World Industries, Prestone Products Corporation, Valvoline LLC, and Shell plc are among the major players operating in the Europe and Middle East & Africa antifreeze market. Market players are constantly focusing on strategies such as investments in research and development activities and new product launches. These market players are highly focused on the development of high-quality and innovative product offerings to fulfill the customers' requirements.

The overall Europe and Middle East & Africa antifreeze market size has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe and Middle East & Africa antifreeze market.

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Product Code: TIPRE00029566

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
- 1.3.1 Europe and Middle East & Africa Antifreeze Market, by Coolant Type
- 1.3.2 Europe and Middle East & Africa Antifreeze Market, by Technology
- 1.3.3 Europe and Middle East & Africa Antifreeze Market, by Application
- 1.3.4 Europe and Middle East & Africa Antifreeze Market, by Distribution Channel
- 1.3.5 Europe and Middle East & Africa Antifreeze Market, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study
3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:

4. Europe and Middle East & Africa Antifreeze Market Landscape

4.1 Market Overview
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Europe and Middle East & Africa Antifreeze Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Increasing Vehicle Production and Aftermarket for Antifreeze and Engine Coolants
- 5.1.2 Growing Construction Activities and Sales of Construction Equipment
5.2 Market Restraints
- 5.2.1 Volatility in Raw Material Prices
5.3 Market Opportunities
- 5.3.1 Environment-Friendly and Bio-Based Antifreeze
5.4 Future Trends
- 5.4.1 Investment in R&D and Initiatives by Market Players
5.5 Impact Analysis

6. Antifreeze Market - Europe and Middle East & Africa Market Analysis

6.1 Europe and Middle East & Africa Antifreeze Market Overview
6.2 Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
6.3 Europe and Middle East & Africa Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
6.4 Competitive Positioning - Key Market Players

7. Europe and Middle East & Africa Antifreeze Market Analysis - By Coolant Type

7.1 Overview
7.2 Europe and Middle East & Africa Antifreeze Market, By Coolant Type (2021 and 2028)
7.3 Ethylene Glycol
- 7.3.1 Overview
- 7.3.2 Ethylene Glycol: Europe and Middle East & Africa Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
- 7.3.3 Ethylene Glycol: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Propylene Glycol
- 7.4.1 Overview
- 7.4.2 Propylene Glycol: Europe and Middle East & Africa Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
- 7.4.3 Propylene Glycol: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Glycerin & Others
- 7.5.1 Overview
- 7.5.2 Glycerin & Others: Europe and Middle East & Africa Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
- 7.5.3 Glycerin & Others: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)

8. Europe and Middle East & Africa Antifreeze Market Analysis - By Technology

8.1 Overview
8.2 Europe and Middle East & Africa Antifreeze Market, By Technology (2021 and 2028)
8.3 Inorganic Additive Technology
- 8.3.1 Overview
- 8.3.2 Inorganic Additive Technology: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Organic Acid Technology
- 8.4.1 Overview
- 8.4.2 Organic Acid Technology: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Hybrid Organic Acid Technology & Others
- 8.5.1 Overview
- 8.5.2 Hybrid Organic Acid Technology & Others: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)

9. Europe and Middle East & Africa Antifreeze Market Analysis - By Application

9.1 Overview
9.2 Europe and Middle East & Africa Antifreeze Market, By Application (2021 and 2028)
9.3 Automobiles
- 9.3.1 Overview
- 9.3.2 Automobiles: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Industrial Heating/Cooling
- 9.4.1 Overview
- 9.4.2 Industrial Heating/Cooling: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Energy
- 9.5.1 Overview
- 9.5.2 Energy: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Manufacturing & Others
- 9.6.1 Overview
- 9.6.2 Manufacturing & Others: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)

10. Europe and Middle East & Africa Antifreeze Market Analysis - By Distribution Channel

10.1 Overview
10.2 Europe and Middle East & Africa Antifreeze Market, By Distribution Channel (2021 and 2028)
10.3 Original Equipment Manufacturers (OEMs)
- 10.3.1 Overview
- 10.3.2 Original Equipment Manufacturers (OEMs): Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Aftermarket
- 10.4.1 Overview
- 10.4.2 Aftermarket: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Retail & Others
- 10.5.1 Overview
- 10.5.2 Retail & Others: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)

11. Europe and Middle East & Africa Antifreeze Market - Geographic Analysis

11.1 Overview
11.2 Europe: Antifreeze Market
- 11.2.1 Europe: Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
- 11.2.2 Europe: Europe and Middle East & Africa Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
- 11.2.3 Europe: Antifreeze Market, By Coolant Type
- 11.2.4 Europe: Antifreeze Market, by Technology
- 11.2.5 Europe: Antifreeze Market, by Application
- 11.2.6 Europe: Antifreeze Market, by Distribution Channel
- 11.2.7 Europe: Antifreeze Market, by Key Country
  - 11.2.7.1 Germany: Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
  - 11.2.7.2 Germany: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.2.7.2.1 Germany: Antifreeze Market, By Coolant Type
    - 11.2.7.2.2 Germany: Antifreeze Market, By Coolant Type
    - 11.2.7.2.3 Germany: Antifreeze Market, by Technology
    - 11.2.7.2.4 Germany: Antifreeze Market, by Application
    - 11.2.7.2.5 Germany: Antifreeze Market, by Distribution Channel
  - 11.2.7.3 France: Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
  - 11.2.7.4 France: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.2.7.4.1 France: Antifreeze Market, By Coolant Type
    - 11.2.7.4.2 France: Antifreeze Market, By Coolant Type
    - 11.2.7.4.3 France: Antifreeze Market, by Technology
    - 11.2.7.4.4 France: Antifreeze Market, by Application
    - 11.2.7.4.5 France: Antifreeze Market, by Distribution Channel
  - 11.2.7.5 UK: Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
  - 11.2.7.6 UK: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.2.7.6.1 UK: Antifreeze Market, By Coolant Type
    - 11.2.7.6.2 UK: Antifreeze Market, By Coolant Type
    - 11.2.7.6.3 UK: Antifreeze Market, by Technology
    - 11.2.7.6.4 UK: Antifreeze Market, by Application
    - 11.2.7.6.5 UK: Antifreeze Market, by Distribution Channel
  - 11.2.7.7 Italy: Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
  - 11.2.7.8 Italy: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.2.7.8.1 Italy: Antifreeze Market, By Coolant Type
    - 11.2.7.8.2 Italy: Antifreeze Market, By Coolant Type
    - 11.2.7.8.3 Italy: Antifreeze Market, by Technology
    - 11.2.7.8.4 Italy: Antifreeze Market, by Application
    - 11.2.7.8.5 Italy: Antifreeze Market, by Distribution Channel
  - 11.2.7.9 Russia: Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
  - 11.2.7.10 Russia: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.2.7.10.1 Russia: Antifreeze Market, By Coolant Type
    - 11.2.7.10.2 Russia: Antifreeze Market, By Coolant Type
    - 11.2.7.10.3 Russia: Antifreeze Market, by Technology
    - 11.2.7.10.4 Russia: Antifreeze Market, by Application
    - 11.2.7.10.5 Russia: Antifreeze Market, by Distribution Channel
  - 11.2.7.11 Rest of Europe: Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
  - 11.2.7.12 Rest of Europe: Europe and Middle East & Africa Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.2.7.12.1 Rest of Europe: Antifreeze Market, By Coolant Type
    - 11.2.7.12.2 Rest of Europe: Antifreeze Market, By Coolant Type
    - 11.2.7.12.3 Rest of Europe: Antifreeze Market, by Technology
    - 11.2.7.12.4 Rest of Europe: Antifreeze Market, by Application
    - 11.2.7.12.5 Rest of Europe: Antifreeze Market, by Distribution Channel
11.3 Middle East & Africa: Antifreeze Market
- 11.3.1 Middle East & Africa: Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
- 11.3.2 Middle East & Africa: Europe and Middle East & Africa Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
- 11.3.3 Middle East & Africa: Antifreeze Market, By Coolant Type
- 11.3.4 Middle East & Africa: Antifreeze Market, by Technology
- 11.3.5 Middle East & Africa: Antifreeze Market, by Application
- 11.3.6 Middle East & Africa: Antifreeze Market, by Distribution Channel
- 11.3.7 Middle East & Africa: Antifreeze Market, by Key Country
  - 11.3.7.1 South Africa: Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
  - 11.3.7.2 South Africa: Europe and Middle East & Africa Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
    - 11.3.7.2.1 South Africa: Antifreeze Market, By Coolant Type
    - 11.3.7.2.2 South Africa: Antifreeze Market, By Coolant Type
    - 11.3.7.2.3 South Africa: Antifreeze Market, by Technology
    - 11.3.7.2.4 South Africa: Antifreeze Market, by Application
    - 11.3.7.2.5 South Africa: Antifreeze Market, by Distribution Channel
  - 11.3.7.3 Saudi Arabia: Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
  - 11.3.7.4 Saudi Arabia: Europe and Middle East & Africa Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
    - 11.3.7.4.1 Saudi Arabia: Antifreeze Market, By Coolant Type
    - 11.3.7.4.2 Saudi Arabia: Antifreeze Market, By Coolant Type
    - 11.3.7.4.3 Saudi Arabia: Antifreeze Market, by Technology
    - 11.3.7.4.4 Saudi Arabia: Antifreeze Market, by Application
    - 11.3.7.4.5 Saudi Arabia: Antifreeze Market, by Distribution Channel
  - 11.3.7.5 UAE: Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
  - 11.3.7.6 UAE: Europe and Middle East & Africa Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
    - 11.3.7.6.1 UAE: Antifreeze Market, By Coolant Type
    - 11.3.7.6.2 UAE: Antifreeze Market, By Coolant Type
    - 11.3.7.6.3 UAE: Antifreeze Market, by Technology
    - 11.3.7.6.4 UAE: Antifreeze Market, by Application
    - 11.3.7.6.5 UAE: Antifreeze Market, by Distribution Channel
  - 11.3.7.7 Rest of MEA: Europe and Middle East & Africa Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
  - 11.3.7.8 Rest of MEA: Europe and Middle East & Africa Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
    - 11.3.7.8.1 Rest of MEA: Antifreeze Market, By Coolant Type
    - 11.3.7.8.2 Rest of MEA: Antifreeze Market, By Coolant Type
    - 11.3.7.8.3 Rest of MEA: Antifreeze Market, by Technology
    - 11.3.7.8.4 Rest of MEA: Antifreeze Market, by Application
    - 11.3.7.8.5 Rest of MEA: Antifreeze Market, by Distribution Channel

12. Impact of COVID-19 Pandemic on Europe & Middle East & Africa Antifreeze Market

12.1 Overview
12.2 Impact of COVID-19 on Antifreeze Market
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 New Product Development
13.4 Merger and Acquisition

14. Company Profiles

14.1 Wacker Chemie AG
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 BASF SE
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Chevron Corporation
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Dow Inc.
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 EXXON MOBIL CORPORATION
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 CCI Corporation
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Old World Industries
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Prestone Products Corporation
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Valvoline LLC
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Shell plc
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners
15.2 Glossary of Terms