Global Antifreeze Recycler Market: Overview
Antifreeze is a solution of coolant and additives that is predominantly used to assist heat transfer to avoid overheating. An ideal antifreeze should not only be efficient in transferring the heat but should also prevent scaling & corrosion in the system. Antifreezes can play a dual role of an antifreeze coolant during winters and an anti-boiling additive during summers. Automotive, marine, food & beverage, medical and aerospace are the key users of antifreezes in refrigeration systems, cooling of combustion engines and process cooling. Ethylene glycol (EG) is the major component of an antifreeze and is harmful to both, humans and animals. Spent antifreeze contains EG and heavy metals in high levels making it a regulated hazardous waste. An antifreeze recycler is a unit that recycles antifreeze and makes it reusable. Antifreeze recycler unit should be capable of producing antifreeze that complies with ASTM standards. Antifreeze recycling can be done by installing an antifreeze recycler unit at the site, recycling third-party sources or recycling in mobile/portable antifreeze recycler units.
Global Antifreeze Recycler Market: Dynamics
EG is an environmentally regulated chemical and is majorly used as an antifreeze. Primary factors driving the antifreeze recycler market are environment regulations and high coolant costs, making recycling the only viable option, creating a need for antifreeze recycler units. Attributing to cost-effectiveness of recycled antifreeze as compared to the virgin coolant, the antifreeze recyclers market has witnessed a commendable growth in the global markets. The increasing demand for passenger cars in emerging the economies like India and China will drive the demand for antifreeze recyclers. The increasing industrialization in APAC, MEA and the evolving manufacturing sectors of Mexico and Eastern Europe will drive the demand for anti-free coolant, thereby assisting the growth of antifreeze recycler units market. Mostly antifreeze recycler units are based on ion exchange or distillation purifying techniques. Reverse-osmosis-based antifreeze recyclers are characterized with limited efficiency as the presence of heavy ion impurities make the replenished antifreeze not compliant to ASTM standards. The key restraint for the antifreeze recyclers market is the acceptance of propylene and bio-based antifreeze. Where environment regulations pose to be a growth driver for antifreeze recyclers, they also pose to be a threat as the hazardous nature of EG forces end-users to look for coolants that are less harmful or easy to dispose or easy to operate antifreeze recyclers.
Global Antifreeze Recycler Market: Segmentation
The global antifreeze recycler market can be segmented on the basis of recycling technique as ion-exchange-based antifreeze recyclers, reverse-osmosis-based antifreeze recyclers, and distillation-based antifreeze recyclers. On the basis of type as wired antifreeze recyclers and portable antifreeze recyclers. On the basis of sales channel and geographical regions as North America, Latin America, Europe, Japan, Asia Pacific ex. Japan (APEJ) and Middle East & Africa (MEA).
Global Antifreeze Recycler: Regional Overview
At a global level a mere single digit percent of the spent antifreeze is recycled using antifreeze recyclers. This percent is projected to increase in the long term as recycled antifreeze is much more economical as compared to virgin antifreeze adding value to the antifreeze recycler market. The automotive industry is one of the major producers of spent antifreeze as the coolant has to be replaced after every 30,000 miles. The North American antifreeze recycler market has a number of small-scale antifreeze recycler system manufacturers. With the slowly expanding automotive markets in North America and increasing industrialization under the new U.S. government, the need for antifreeze and antifreeze recycler units will be on a rise. A much faster growth is expected in Asia-Pacific owing to its large population and growing disposable income further driving the growth of the automotive industry increasing the need for antifreeze recyclers. With a number of investments, both by domestic and foreign players in China and India, the APEJ region alone will be a major market for antifreezes and antifreeze recyclers. Cost economics involved in recycled and virgin antifreeze will force the end-users to opt for recycled antifreeze. This will, in turn, drive the demand for antifreeze recyclers.
Global Antifreeze Recycler Market: Key Players
Some of the key players in the Antifreeze Recycler market are,
- Hi-Tech Industries, Inc.
- Finish Thompson Inc.
- KFM LLC
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Benefits of Becoming a Fact.MR Client
- Access to our global market coverage
- Periodic updates on your sector
- Exclusive discounts and offers
- Greater flexibility for customization
- Quick-research assistance for ad-hoc needs
- Access to credible insights Fact.MR analyst interactions
- Access to Fact.MR tools and research to fuel strategy development