PUBLISHER: IMARC | PRODUCT CODE: 1540992
PUBLISHER: IMARC | PRODUCT CODE: 1540992
The global automotive antifreeze market size reached US$ 4.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.43% during 2024-2032.
Automotive antifreeze is a colored liquid that is used as an additive along with water to maintain the temperature of the internal combustion engine (ICE). Ethylene glycol, propylene glycol, and glycerin are some commonly used automotive antifreeze fluids. They are produced through organic acid technology (OAT), inorganic additive technology (IAT), and hybrid organic acid technology (HOAT). Automotive antifreeze is widely used to regulate the engine during extreme weather conditions and protect it from corrosion. It acts by lowering the water's freezing point and raising its boiling point, which, in turn, protects the engine from extensive damage, explosion, and overheating.
The market is primarily being driven by significant growth in the automotive industry. Automotive antifreeze is widely used in passenger and commercial vehicles to maintain optimum fuel economy, reduce maintenance costs, prevent breakdowns, rust, and electrolysis, and extend the life of rubber and plastic components. Furthermore, the widespread utilization of heavy-duty antifreeze in construction equipment, such as bulldozers, excavators, harvesters, trenchers, and forklifts, is providing a considerable boost to market growth. Additionally, the introduction of environmental-friendly and bio-based antifreeze, such as glycerin that can be produced from corn, stover, and other oil-rich sources, is providing an impetus to market growth. Moreover, the rising demand for high-quality, technologically advanced additive supplements in antifreeze to improve the health and longevity of diesel engines by inhibiting corrosion and cavitation is creating a positive outlook for the market. Other factors, including the implementation of various government initiatives promoting the use of high-performance lubricants to reduce carbon footprints and extensive research and development (R&D) activities to engineer cost-effective and non-toxic product variants with extended life, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive antifreeze market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on fluid type, technology, vehicle type and distribution channel.
Ethylene Glycol
Propylene Glycol
Glycerine
Inorganic Additive Technology (IAT)
Organic Acid Technology (OAT)
Hybrid Organic Acid Technology (HOAT)
Passenger Vehicle
Commercial Vehicle
Construction Vehicle
Original Equipment Manufacturers (OEMs)
Aftermarket
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being AMSOIL Inc., BP p.l.c., Chevron Corporation, Cummins Inc., ExxonMobil Corporation, Fuchs Petrolub SE, Halfords Group PLC, Motul S.A, Prestone Products Corporation, Recochem Inc., Shell plc, TotalEnergies SE, Valvoline Inc. and VOLTRONIC GmbH.