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.
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. This includes the Introduction to the market and a standard definition of the product – antifreeze. In this section, yearover-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.
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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.
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 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.
A prominent rise in the rates of vehicle production, sales of cars, demand for automobile maintenance, and expansion of automotive aftermarket are factors responsible to transform the growth trajectory of the automotive antifreeze market in the coming years. As per Fact.MR’s study on the Antifreeze Market, a steady CAGR surpassing 5% is projected during the forecast period of 2017 – 2022.
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.
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As the demand for high-performance cars and trucks grows, need for engine maintenance is likely to increases in parallel. As high-performance engines are run at a faster pace and at high temperatures, need for an effective cooling system to maintain the optimal engine efficiency has resulted in higher demand for organic acid technology, as per the research study. Among the technology types including organic acid, inorganic acid and hybrid acid technologies, the neck and neck competition between organic acid and inorganic acid technology, the study reveals the most lucrative segment to be the organic technology segment.
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.
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