Key Findings
Increasing Preference for the Production of Bio-Based Automotive Antifreeze to Pave a New Path in the Market
Antifreeze poisoning is one of the well-known adverse health effects of automotive antifreeze. Apart from its toxic influence on small animals, prolonged exposure of automotive antifreeze has been suggested to cause poisoning in humans. On the other hand, automotive antifreeze causes potential harm to the environment in terms of polluting different water resources. In light of this, governments in various countries have taken disciplinary actions to offset the harmful effects of the automotive antifreeze on the environment. In a bid to meet the standards put forth by various government bodies have pushed manufacturers to incorporate bio-based antifreeze in different lubricant formulations. Owing to the environment-friendly and biodegradable nature of bio-based automotive antifreeze, consumer demand for these sustainable antifreeze solutions is likely to rise in the coming years.
Propylene Glycol-based Antifreeze Remains Highly Preferred
Owing to its higher compatibility, low-cost and non-toxicity, propylene glycol is highly sought after by automotive antifreeze manufacturers. In the traditionally used green, yellow and blue antifreeze, propylene glycol is the major component used in the cooling system based on inorganic acid technology. Adoption of inorganic acid technology remains at the helm of the demand, in turn, driving the demand for propylene glycol-based antifreeze. While ethylene glycol is also another chemical highly sought after by automakers, associated stringent regulatory framework, the high cost of handling and storage, corrosive properties and toxicity of ethylene glycol has significantly shifted manufacturers’ preference towards propylene glycol-based antifreeze products. In addition, developments in the processing technologies and favorable regulatory framework in terms of substitution of toxic compounds are further propelling the demand for propylene glycol-based automotive antifreeze.
Demand for High-Performance Lubricants to Propel the Automotive Antifreeze Market
The inception of high-performance lubrication can be tracked to the changing environmental regulations with regard to reducing carbon footprints of vehicles that demanded high-performance lubricants to enhance the fuel efficiency of the vehicle. Automotive antifreeze is added in the high-performance lubricants to protect the automotive lubricants from freezing. Moreover, vehicle owners actively seek engine maintenance to increase the durability of engine operations and, in turn, that of the overall vehicle. This has further propelled the demand for high-quality automotive antifreeze products. To meet the growing demand for efficient automotive antifreeze in high-performance vehicles, key stakeholders in the automotive antifreeze market have been observed to adopt expansion and new product launch strategies to maintain the market sustainability.
About the Report
A report published by Fact.MR on “Automotive Antifreeze Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” delivers the most viable market performance during the forecast period 2017 – 2022. Considering the various facets of the market, the comprehensive insights covered in the report provide the readers with an all-inclusive market scenario. The automotive antifreeze market report includes information with respect to product type including ethylene glycol, propylene glycol and glycerin. In addition, the market is also evaluated by considering different vehicle types including PC, LCV and HCV as well as by sales channel including aftermarket and OEM. A thorough analysis of the historical data, current market scenario and future market projections in the automotive antifreeze market are also included in the report.
Market Definition
An automotive antifreeze is a chemical compound added as a liquid additive in the coolant to maintain temperature variations by altering the freezing and boiling points of the coolant, thereby maintaining the optimum operations of the engine. As opposed to traditional antifreeze, modern commercial automotive antifreeze formulations deliver additional properties such as corrosion prevention, efficient heat transfer and prevention of scale formation.
Additional Questions Answered
The automotive antifreeze market report offers insights on several other market avenues as follows:
- What will be the impact of changing environmental regulations in the landscape of the automotive industry?
- What will be the strategies undertaken by OEMs to win over the market competition?
- Considering the weather-induced demand, what will be the regional outlook of the automotive antifreeze market?
- Among different commercial formulations, which will be the most preferred automotive antifreeze?
Competitive Landscape
The automotive antifreeze market report delivers a comprehensive assessment of the key manufacturers on the automotive antifreeze products. Leading players identified in the automotive antifreeze market report are BP P.L.C., Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, KOST USA, Inc., Prestone Products Corporation, Recochem Inc., Rock Oil Company, LLC, Total S.A., and Valvoline International, Inc. among others.
The report has profiled additional leading players having a stronghold in the global landscape of the automotive antifreeze market.
The global automotive antifreeze market is influenced by a slew of macroeconomic and microeconomic factors. This report analyzes the global automotive antifreeze market for the period 2017-2022, and offers actionable insights on future market direction.
Scope
The scope of the report is to analyze the global automotive antifreeze market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive antifreeze manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
Summary
The report begins with a concise summary of the global automotive antifreeze market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. The executive summary includes important facts and statistics on the global automotive antifreeze market.
Overview
The next section is an overview of the global automotive antifreeze market. This includes the introduction to the market and a standard definition of the product – antifreeze. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period.
The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global automotive antifreeze market. Considering the interconnectedness of the antifreeze market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.
In a bid to keep readers up-to-date on the latest developments in the global automotive antifreeze market, the report offers readers a roundup of the latest trends impacting the market. As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.
Considering the broad scope of the global automotive antifreeze market and to offer detailed insights to readers, the report offers segment-wise analysis and forecast. The automotive antifreeze market has been segmented on the basis of product type, vehicle type, sales channel, technology, and region. The segmentation analysis is comprehensive, with detailed country-wise forecast offered on each parameter.
The concluding section of the report profiles companies operating in the global automotive antifreeze market. Companies of all sizes, including market leaders, established players, and market entrants are profiled in this section. The competitive intelligence offers information on company overview and other important parameters, such as product offerings and key financials.
Research Methodology
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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Automotive Antifreeze Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2022