Antifreeze Coolant Market By Type (Ethylene Glycol, Propylene Glycol, Glycerol, Methanol, and Others), By Technology (Inorganic Acid Technology (IAT), Organic Acid Technology (OAT), Hybrid Organic Acid Technology (HOAT), Nitrated Organic Acid Technology (NOAT), and Others), By Application (Automobile, Aerospace, Industrial, Construction, Electronics, and Others), and Geography

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Antifreeze Coolant Market size is expected to be valued at USD 5,826.2 million in 2023 and is poised to grow at a significant CAGR of 2.2% over 2024 to 20230. An antifreeze coolant is a liquid or gaseous substance, that is used to reduce or regulate the extreme temperature of a system. An ideal coolant has the high thermal capacity and low viscosity and has the capacity for corrosion prevention. It should be low-cost, non-toxic, and chemically inert. Coolant is pumped throughout the engine block to maintain an even operating temperature as the temperature outside changes from hot to cold coolant. Antifreeze is an additive that lowers the freezing point of the liquid. Engine coolant is mixed with water, usually at a 50/50 ratio, and poured into the proper reservoir in your engine. The increasing number of vehicles is boosting the antifreeze coolant market growth.

According to Global Data's estimates Toyota, along with its affiliate companies, sold over 10.07 million light vehicles in 2021. The increasing demand for Heating, ventilation, and air conditioning (HVAC) technology further pushes the antifreeze cooling market. Moreover, development in engine and technology innovation and various applications in automotive, aerospace, and industries have fueled the antifreeze coolant market demand. However, the rising environmental concerns and increasing demand for zero carbon emissions vehicles result in low acceptance of antifreeze coolants and are anticipated to restrict the market growth. On the basis of geography, Asia Specific region is dominating the global antifreeze coolant market. It is attributed to the rising demand for antifreeze coolants in the automotive industry. North America is also holding a major market share in 2021 due to the high adoption rate of Inorganic Acid Technology (IAT) and Organic Acid Technology (OAT). It is anticipated that North America will follow the trend in the forecasted years.  

Antifreeze Coolant Market Recent Market Developments:
  • In Aug 2022, Valvoline is one of the leading global lubricant manufacturers and they launched an innovative coolant. The new Valvoline advanced coolant supports all cars and commercial vehicles and provides a 5-year or up to 5,00,000km drain interval.
  • In June 2021, Chevron Products Company announced the official rollout of the company's new Chevron Xpress lube program for qualifying U.S. fast lube owners and investor prospects.

Antifreeze Coolant Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

2.2%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Antifreeze Coolant Market Dynamics

An increase in demand for high-performance vehicles will boost the overall market growth in the global antifreeze & cooling market. The sales of vehicles both two-wheelers and four-wheelers increased significantly and are expected to increase exponentially in the forecasted years (2022-2028). For example, Suzuki's global unit sales of automobiles added up to approximately 2.76 million vehicles in 2021, increasing from around 2.45 million in the previous year. Hence, high-performance vehicles are anticipated to propel the growth of the antifreeze Coolant market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.

Antifreeze Coolant Market Segmentation

By Type
  • Ethylene Glycol
  • Propylene Glycol
  • Glycerol
  • Methanol
  • Others
By Application
  • Automobile
  • Aerospace
  • Industrial
  • Construction
  • Electronics
  • Others
By Technology
  • Inorganic Acid Technology (IAT)
  • Organic Acid Technology (OAT)
  • Hybrid Organic Acid Technology (HOAT)
  • Nitrated Organic Acid Technology (NOAT)
  • Others

Frequently Asked Questions

The antifreeze coolant market is projected to expand at a CAGR of 2.2% during the forecast period

BP Plc, Exxon Mobil Corporation, Chevron Corporation, Royal Dutch Shell Plc, Absolute, BASF SE

Asia Pacific is the fastest-growing region for the antifreeze coolant market

1. Executive Summary
2. Global Antifreeze Coolant Market Introduction
2.1. Global Antifreeze Coolant Market  Taxonomy
2.2. Global Antifreeze Coolant Market Definitions
2.2.1. By Type
2.2.2. By Technology
2.2.3. By Application
2.2.4. By Region
3. Global Antifreeze Coolant Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Antifreeze Coolant Market Dynamic Factors - Impact Analysis
3.6. Global Antifreeze Coolant Market – Competition Landscape
3.7. Epidemiology
4. Global Antifreeze Coolant Market Analysis, 2019-2024 and Forecast, 2024-2030
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Antifreeze Coolant Market, By Type, 2019-2023 and Forecast, 2024-20230 (Revenue, USD Mn)
5.1. Ethylene Glycol
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Propylene Glycol
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Glycerol
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Methanol
5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Others
5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Antifreeze Coolant Market, By Technology, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1. Inorganic Acid Technology (IAT)
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Organic Acid Technology (OAT)
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Hybrid Organic Acid Technology (HOAT)
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Nitrated Organic Acid Technology (NOAT)
6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Others
6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Antifreeze Coolant Market, By Application, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.1. Automobile
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Aerospace
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Industrial
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Construction
7.4.1. Market Analysis, 2019-2023 and Forecast, 2023-2030 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Electronics
7.5.1. Market Analysis, 2019-2023 and Forecast, 2023-2030 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Others
7.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
8. Global Antifreeze Coolant Market Forecast, By Region, 2019-2021 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Antifreeze Coolant Market - Opportunity Analysis Index, By Type, By Technology, By Application, and Region, 2024 - 2030
9. North America Antifreeze Coolant Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Ethylene Glycol
9.1.2. Propylene Glycol
9.1.3. Glycerol
9.1.4. Methanol
9.1.5. Others
9.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. Inorganic Acid Technology (IAT)
9.2.2. Organic Acid Technology (OAT)
9.2.3. Hybrid Organic Acid Technology (HOAT)
9.2.4. Nitrated Organic Acid Technology (NOAT)
9.2.5. Others
9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Automobile
9.3.2. Aerospace
9.3.3. Industrial
9.3.4. Construction
9.3.5. Electronics
9.3.6. Others
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Antifreeze Coolant Market - Opportunity Analysis Index, By Type, By Technology, By Application, and Country, 2024 - 2030
9.6. North America Antifreeze Coolant Market Dynamics – Trends
10. Europe Antifreeze Coolant Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
10.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Ethylene Glycol
10.1.2. Propylene Glycol
10.1.3. Glycerol
10.1.4. Methanol
10.1.5. Others
10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Inorganic Acid Technology (IAT)
10.2.2. Organic Acid Technology (OAT)
10.2.3. Hybrid Organic Acid Technology (HOAT)
10.2.4. Nitrated Organic Acid Technology (NOAT)
10.2.5. Others
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Automobile
10.3.2. Aerospace
10.3.3. Industrial
10.3.4. Construction
10.3.5. Electronics
10.3.6. Others
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Rest of Europe
10.5. Europe Antifreeze Coolant Market - Opportunity Analysis Index, By Type, By Technology, By Application, and Country, 2024 - 2030
10.6. Europe Antifreeze Coolant Market Dynamics – Trends
11. Asia-Pacific Antifreeze Coolant Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
11.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Ethylene Glycol
11.1.2. Propylene Glycol
11.1.3. Glycerol
11.1.4. Methanol
11.1.5. Others
11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Inorganic Acid Technology (IAT)
11.2.2. Organic Acid Technology (OAT)
11.2.3. Hybrid Organic Acid Technology (HOAT)
11.2.4. Nitrated Organic Acid Technology (NOAT)
11.2.5. Others
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Automobile
11.3.2. Aerospace
11.3.3. Industrial
11.3.4. Construction
11.3.5. Electronics
11.3.6. Others
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. ASEAN
11.4.5. Australia  New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Antifreeze Coolant Market - Opportunity Analysis Index, By Type, By Technology, By Application, and Country, 2024 - 2030
11.6. Asia-Pacific Antifreeze Coolant Market Dynamics – Trends
12. Latin America Antifreeze Coolant Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
12.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Ethylene Glycol
12.1.2. Propylene Glycol
12.1.3. Glycerol
12.1.4. Methanol
12.1.5. Others
12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Inorganic Acid Technology (IAT)
12.2.2. Organic Acid Technology (OAT)
12.2.3. Hybrid Organic Acid Technology (HOAT)
12.2.4. Nitrated Organic Acid Technology (NOAT)
12.2.5. Others
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Automobile
12.3.2. Aerospace
12.3.3. Industrial
12.3.4. Construction
12.3.5. Electronics
12.3.6. Others
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Latin America Antifreeze Coolant Market - Opportunity Analysis Index, By Type, By Technology, By Application, and Country, 2024 - 2030
12.6. Latin America Antifreeze Coolant Market Dynamics – Trends
13. Middle East and Africa Antifreeze Coolant Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
13.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Ethylene Glycol
13.1.2. Propylene Glycol
13.1.3. Glycerol
13.1.4. Methanol
13.1.5. Others
13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Inorganic Acid Technology (IAT)
13.2.2. Organic Acid Technology (OAT)
13.2.3. Hybrid Organic Acid Technology (HOAT)
13.2.4. Nitrated Organic Acid Technology (NOAT)
13.2.5. Others
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Automobile
13.3.2. Aerospace
13.3.3. Industrial
13.3.4. Construction
13.3.5. Electronics
13.3.6. Others
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. South Africa
13.4.3. Rest of MEA
13.5. MEA Antifreeze Coolant Market - Opportunity Analysis Index, By Type, By Technology, By Application, and Country, 2024 - 2030
13.6. MEA Antifreeze Coolant Market Dynamics – Trends
14. Competition Landscape
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Key Types, Key Developments, Strategies, and SWOT Analysis)
14.2.1. BP Plc
14.2.2. Exxon Mobil Corporation
14.2.3. Chevron Corporation
14.2.4. Royal Dutch Shell Plc
14.2.5. Absolute
14.2.6. BASF SE
14.2.7. Valvoline Plc
14.2.8. Prestone Products Corporation
14.2.9. AMSOIL INC.
14.2.10. KOST USA
14.2.11. Motul
14.2.12. Cummins Filtration
14.2.13. Lukoil
15. Research Methodology
16. Key Assumptions and Acronyms
  • BP Plc
  • Exxon Mobil Corporation
  • Chevron Corporation
  • Royal Dutch Shell Plc
  • Absolute
  • BASF SE
  • Valvoline Plc
  • Prestone Products Corporation
  • AMSOIL INC.
  • KOST USA
  • Motul
  • Cummins Filtration
  • Lukoil

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