Expansion Of Automotive Industry In America Provides Lucrative Opportunities For Manufacturers Of Antifreeze Coolants.
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According to MarketIntelReports' “ Antifreeze Coolant Market Analysis: By Agent (Methanol, Ethylene glycol, Propylene glycol, Glycerol); By Technology; By Application (Electronics, Industrial, Automotive, Aerospace, Construction & Others) and Automotive Aftermarket – With Forecast (2016-2021) ”:
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An antifreeze liquid is used in automobiles, heat exchangers, and HVAC systems to facilitate heat transfer during cold weather. It prevents overheating of the vehicle during summer.
The radiator antifreeze is added to water in a limited proportion. The mixture is known as an antifreeze coolant.
The Antifreeze Coolant Market has applications in aerospace, industries, and electronics.
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The car coolant consists of chemicals like Propylene Glycol, Ethylene Glycol, Methanol, and Glycerol. The demand for coolants is high due to cold weather and automotive demand from the colder regions across the globe.
In Aerospace industry, anti icing and de icing materials are used.
Scope & Regional Forecast of the Antifreeze Coolant Market
The Antifreeze Coolant Market is driven by the increasing automobile industry. End user industries dominate the market.
The chemicals used in the car radiator fluid are toxic. For this reason, chemicals like Propylene Glycol are being made from materials like oil bearing crops, stover, corn, and bio based resources.
The car coolant water has an excellent growth potential in Europe due to its geographical location. Asia Pacific and North America follow suit.
The Aerospace industry is a big segment for the car coolant system. Stabilization of the economy in Europe propels the demand for the car coolant system.
The aerospace sector has a heavy financial investment in R&D sector. Rising demand for passenger vehicles will augment the growth of the radiator fluid water in countries like China and India In Asia Pacific.
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Increasing middle class population, rising disposable income, growing aspiration to own private vehicles will drive the growth of radiator fluid water. Four wheeler companies are situated in UK, Germany, France, Italy, and Poland.
This will drive the demand for the antifreeze coolant in these countries.
Heat Exchangers and Aerospace segments are expected to drive the market further. Advancements in automotive technologies will double the growth of antifreeze coolants.
On the other hand, coolants have some limitations, as they form ice on car engines during frigid temperatures. In warmer temperatures, water evaporates in the mixture.
These factors can restrict the growth of the market.
Segmentations & Key Players Involved in the Antifreeze Coolant Market
The Antifreeze Coolant Market can be broken down into various segments as follows:
- Product Type- Methanol, Ethylene Glycol, Propylene Glycol, Glycerol, and Others.
- Technology- Organic acid, inorganic acid , and hybrid organic.
- Application- Electronics, Automotive, Industrial, Aerospace, Transportation, Construction, and Others.
- Region- North America, South America, APAC, Europe, Middle East, and Africa.
Some of the key players involved in the Antifreeze Coolant Market are as follows:
- Royal Dutch Shell Plc
- Chevron Corporation
- BP Plc
- The Dow Chemical Company
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