Automotive Antifreeze Market Classification, Technical Data and Revenue Analysis by Regions to 2021

Global automotive antifreeze market is segmented on the basis of product, additive technology, vehicle type and geography. Automotive antifreeze is also referred as automotive coolant which is normally a liquid used in the radiator and cooling system of an internal combustion engine for vehicles. The fundamental element in most coolants is ethylene glycol or propylene glycol. Automotive antifreeze keeps the cooling water from freezing in winter and from boiling in summer. A further task is to lubricate the cooling system, such as the water pump. Most anti-freezers contain corrosion inhibitors and other additives like foam depressants.

Antifreeze is a chemical that alters the freezing and boiling points of the coolant in internal combustion engines that use water cooling. The sole objective of these additives is to prevent the liquid coolant from freezing that may result into extensive engine damage. However, modern antifreeze also enables cooling systems to operate more efficiently by raising the boiling point of the coolant solution. Several substances have been used as an antifreeze earlier, but currently ethylene glycol is the only automotive applications use as an automotive antifreeze.

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The automotive antifreeze market is expected to grow during the forecast period. 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 rising demand for automobiles around the world is the major driver for the antifreeze market. Vehicle engines have become extremely sophisticated and a higher level of technology is essential for the optimum performance of the engine.

On the basis of product, the automotive antifreeze market is segmented into ethylene glycol, propylene glycol, glycerine, and so on. On the basis of additive technology, the automotive antifreeze market is segmented into inorganic acid technology (IAT), organic acid technology (OAT), hybrid organic acid technology (HOAT) and so on.

“Organic acid technology (OAT)” is estimated to witness the highest growth in the automotive antifreeze market. The growth of this technology is due to the presence of neutralized inorganic salts and acids, which can be decomposed without impacting the environment. OAT based antifreeze has the maximum presence in North American and European regions, where the usage of IAT based technology has declined significantly owing to its toxic nature. The global demand for OAT based antifreeze is projected to grow owing to the longer replacement life of the OAT based antifreeze, as compared to IAT based antifreeze.

The key players of the automotive antifreeze market are Royal Dutch Shell PLC, BP PLC, Total and Chevron Corporation, Ford Motor Company, Nissan, Honda, Valvoline, Castrol, China Petrochemical Corporation, BASF SE, Cummins Inc., Motul, Prestone Products Corporation and ExxonMobil Corporation.

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