Automotive Antifreeze Market: Prominent Rise in the Rates of vehicle Production, Sales of Cars Boost Demand

Posted on 2019-06-07 by Mark Hub in Internet & Online // 0 Comments

Rockville, USA, 2019-Jun-07 — /EPR Network/ —

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 automotive antifreeze market, a steady CAGR surpassing 5% is projected during the forecast period of 2017 – 2022.

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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Considering the broad scope of the global automotive antifreeze market and to offer detailed insights to readers, the report offers segment-wise analysis and forecast. The automotive antifreeze market has been segmented on the basis of product type, vehicle type, sales channel, technology, and region. The segmentation analysis is comprehensive, with detailed country-wise forecast offered on each parameter.

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.

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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The automotive antifreeze market is marked by the product developments and introduction of novel products. Such business strategies to gain consumer confidence are adopted by the automotive antifreeze manufacturers to maintain market sustainability during the estimation period. The research study has observed a novel trend of vehicle-specific customization of coolants for different regions, further propelling the revenues of aftermarket channel.

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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