Trends in Automotive Antifreeze Market 2017: Price, Revenue, Share, Growth and Forecast Until 2022

Posted on 2018-04-25 by Mark Hub in Automotive // 0 Comments

ROCKVILLE, US, 2018-Apr-25 — /EPR Network/ — A freshly compiled business intelligent report, titled “Automotive Antifreeze Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Automotive Antifreeze” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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Growing diversity in the rising demand for automobiles is compelling the world’s automakers towards boosting their production capacity, and simultaneously, upgrading their offerings. Automotive antifreeze, also known as coolant, is the liquid that is used in the radiator and cooling system of an internal combustion engine for vehicles. The main ingredient in most coolants is ethylene glycol or propylene glycol. Automotive antifreeze keeps the cooling water from freezing in winter and from boiling in summer. Customization needs of car users is also propelling the sales of car antifreezes or coolants in automotive aftermarkets, thereby boosting the demand for automotive antifreezes in a roundabout way.

The modern antifreeze allows cooling systems to operate more efficiently by raising the boiling point of the coolant solution. Various substances have been used as antifreeze in the past, but most current automotive applications use ethylene glycol.

An antifreeze is an additive that lowers the freezing point of a water-based liquid. Thus the antifreeze mixture is used to achieve freezing-point depression for cold environments and along with achieving the boiling-point elevation (“anti-boil”) to allow higher coolant temperature in the automobiles.

Fluctuating input costs could hit the automotive anti-freeze market

Input costs have shown a rising trend over the past few years and there is no sign of it abating anytime soon. The rising raw material cost has affected the profitability of several small-scale players in the automobile industry. The situation may become even worse as rising labour costs in China have reduced the attractiveness of that country as a top source of material. This is expected to impact the automotive anti-freeze market as well and companies will be forced to innovate or risk falling behind. Cost-cutting measures in particular are seen as having a substantial impact on the quality of products in the automotive anti-freeze market. With a steady CAGR for the period 2017-2022, the automotive anti-freeze market is anticipated to grow to over US$ 460 million in 2022.

Polypropylene glycol main product in the automotive anti-freeze market

Polypropylene glycol accounts for more than half of the automotive anti-freeze market by revenue share in 2017 and it is predicted to retain its commanding position in the automotive anti-freeze market. The polypropylene glycol segment is estimated to grow to US$ 270 million at the end of the forecast period – recording a healthy CAGR. It would make sense for key stakeholders to focus on the APEJ region as it represents over one-third of the polypropylene glycol segment in the automotive anti-freeze market in 2017. The second most lucrative segment of the automotive anti-freeze market is ethylene glycol and it is poised to be worth over US$ 130 million in 2017.

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Greater focus on passenger cars in the automotive anti-freeze market

The passenger car segment had a revenue share of three-fifth of the vehicle type segment in 2017 and it should grow at a robust CAGR for the five year study period. APEJ is considered the most important region for passenger cars primarily due to the massive populations in both China and India that are typically first-time customers for passenger cars and are joining the automobile revolution. With a market value of above US$ 100 million in 2022, automakers would be highly recommended to target the APEJ passenger car segment of the automotive anti-freeze market with customized solutions. This certainly doesn’t mean that the LCV and HCV segment should be overlooked entirely as the former also has nearly one-fourth revenue share in 2017 and is projected to touch US$ 83 million in 2017.

Competition Tracking

The report has also profiled leading players, which will remain active in expansion of global automotive antifreeze market through 2022, and these include companies such as BP p.l.c., Chevron Corporation, Exxon Mobil Corporation, Fuchs Petrolub SE, KOST USA. Inc., Prestone Products Corporation, Recochem Inc., Rock Oil, Total SA, and Valvoline International Inc.

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