Automotive Antifreeze/Coolant Market Research Report 2019 ď ľ
Published On : 14 March 2019
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Report Studies Antifreeze is an additive added to lower the freezing point of the vehicle and achieve boiling point elevation. This allows for a higher coolant temperature, which is vital for the automobile in a hot environment. The market for ethylene glycol as antifreeze is very large globally and commands the highest market share in 2017. However, rising environmental concerns and tight emission norms are reducing its use and subsequently, its market share is expected to go down by the end of the forecast period. Propylene glycol antifreeze would be the fastest growing segment due to its environment-friendly nature and its lower emissions compared to the ethylene glycol based antifreeze. The market for propylene glycol antifreeze is expected to grow the fastest in Europe and North American regions. The market is forecasted to record the slowest rate of growth in the South American region, as the diverse economic conditions and slump in the biggest market of the region, Brazil, have affected the sales of automobiles drastically.
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By Manufacture
Castrol
Chevron
ExxonMobil
Fuchs
Total
Prestone
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Automotive Antifreeze/Coolant Market By Application 6 5 4 3 2 1 0
Application1
Application2 2018
Application3 2025
Application4
growth
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Automotive Antifreeze/Coolant Market Value CAGR 5.19% (2018 - 2023)
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2018
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2019
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2020
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2021
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2022
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2023
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2024
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2025
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