Antifreeze Market worth Million USD by 2021

Antifreeze Market - Forecast to 2021 The antifreeze market for original equipment is projected to grow at a CAGR of 5.18% during the forecast period, to reach USD Million by The increase in vehicle sales and production is expected to drive the demand for the antifreeze market. In addition, growing vehicle parc and increase in miles travelled per year per country are the key factors fuelling the demand for antifreeze in the aftermarket.

“Passenger cars to be the largest vehicle type in the antifreeze market OE” Passenger cars are expected to dominate the antifreeze market for OE. According to Organisation Internationale des Constructeurs d’Automobiles (OICA), the sales of passenger cars across the globe increased from 55.6 million units in 2010 to 66.3 million units in The average amount of engine coolant, required in passenger cars, can range from 1 to 5 gallons. The amount of antifreeze present in the engine coolant varies according to temperature zones and OE recommendations. An increase in sales results in a corresponding increase in vehicle parc of passenger cars.

“OAT to be the fastest growing segment in the antifreeze market, by technology” Organic Acid Technology (OAT) is estimated to witness the highest growth in the global antifreeze market. The growth of this technology is due to the presence of neutralized inorganic salts and acids, which can be decomposed without impacting the environment. OAT based antifreeze has the maximum presence in North American and European regions, where the usage of IAT based technology has declined significantly owing to its toxic nature. The global demand for OAT based antifreeze is projected to grow owing to the longer replacement life of the OAT based antifreeze, as compared to IAT based antifreeze.

“Antifreeze market of North America to grow at the highest CAGR during the forecast period” North America is estimated to dominate the antifreeze market for OE. The growth of this market can be attributed to the higher production and demand for large engine capacity vehicles in this region. The production of light commercial vehicles (LCV) in North America increased to 11.0 million units in 2016, with a year-over-year growth rate of 5.7%, according to OICA. This is the highest production of LCVs across all regions. Also, LCVs in North America have a higher antifreeze requirement of around 7-8 liters, which is ~42% higher than other regions. Such factors would contribute to the growth of the antifreeze market in the region.

Browse >> 93 market data tables 64 figures 177 pages and in-depth TOC on “Antifreeze Market – Forecast to 2021” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

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