+1-786-628-7980
Sign Up/Sign In 
Antifreeze Coolants and Lubricant size is estimated to reach $5.6 billion by 2030, growing at a CAGR of 4.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Antifreeze Coolants and Lubricant – By Product Type (Ethylene Glycol, Propylene Glycol, Methanol, and Others), By Technology (Inorganic Additive Technology, Organic Acid Technology, Hybrid Organic Acid Technology, and Others), By Grade (Automotive Grade, Technical Grade, Ultra-Pure Grade, and Others), By End-User (Aerospace (Commercial, Military, and Others), Automotive (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), Industrial, Electronics, HVAC, Marine, and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”.
Request Sample Research Report:
https://www.industryarc.com/pdfdownload.php?id=800689
Asia-Pacific to Register Highest Growth:
In 2023, Asia-Pacific held the third-largest market share for Antifreeze Coolants and Lubricant market, with 38%, followed by North America and Europe. The automotive industry had a turbulent year in 2022 but in 2023 it picked up. Production data from OICA is reflective of this. For instance, China is the largest manufacturer of automobiles in the world. In 2023, production in China stood at 18.24 million compared to 16.98 million in 2022. In 2023, production in India stood at 3.29 million compared to 2.15 million in 2020, a dramatic 53% increase. In 2023, production in Indonesia stood at 0.79 million compared to 0.48 million in 2022, registering a 64% increase. A similar increase in production was also seen in other Asian countries such as Japan, Pakistan, Thailand, South Korea, etc. These factors, combined with the rapid industrialization and rising disposable incomes, create a robust growth, trajectory for the Antifreeze coolants and lubricantsmarket in the Asia-Pacific region.
Antifreeze Coolants and Lubricant 2023-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
4.5% |
|
Market Size in 2030 |
$5.6 Billion |
|
Segments Covered |
By Product Type, By Technology, By Grade, By End User, and By Region |
|
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, Malaysia, Indonesia and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
|
Key Market Players |
BP p.l.c. Chevron U.S.A. Inc. BASF SE Exxon Mobil Corporation Cummins Inc Royal Dutch Shell TotalEnergies Fuchs Sinopec Valvoline Global Operations |
Get Access to the Full Research Report:
https://www.industryarc.com/Research/antifreeze-coolant-and-lubricant-market-800689
Antifreeze Coolants and Lubricant Report – Key Takeaways:
Rising Disposable Incomes are a major market driver propelling the Antifreeze Coolants and Lubricant market forward. As economies expand and living standards improve, there is a corresponding increase in vehicle ownership, this increase in demand for personal transportation has directly fueled the need for antifreeze coolants and lubricants. Additionally, consumers with higher disposable incomes tend to invest in premium and synthetic fluids, which offer enhanced performance and engine protection. This shift towards higher-quality products has driven innovation and product development within the industry, which in turn propels the overall antifreeze coolants and lubricants market growth.
The films & sheets segment is the fastest-growing segment and is expected to grow at a higher CAGR in the forecast period 2024-2030. The exceptional properties, including excellent heat transfer capabilities and effective freezing point depression, have solidified its position as the industry standard, this robust performance, coupled with its cost-effectiveness, has driven widespread adoption across various applications, from automotive engines to industrial cooling systems. Additionally, while alternative coolants like propylene glycol have gained traction due to their environmental benefits, ethylene glycol continues to dominate the market, thereby making it a growing segment in the overall market.
Purchase this Premium Report:
https://www.industryarc.com/buynow?id=800689
Key Opportunity Analysis:
Focus on Sustainability and Environmentally Friendly Products
The growing focus on sustainability and environmental responsibility has emerged as a key opportunity in the antifreeze coolant and lubricants market, as consumers and businesses alike are increasingly demanding products that minimize their ecological footprint, this shift in consumer preferences has prompted manufacturers to invest in research and development of environmentally friendly alternatives. Bio-based coolants and lubricants derived from renewable resources, such as vegetable oils and plant-based additives, are gaining traction. Additionally, stringent government regulations aimed at reducing emissions and hazardous waste have accelerated the adoption of eco-friendly formulations, differentiating themselves in a competitive Antifreeze Coolants and Lubricant market.
Increasing Technological Advancements in the Antifreeze Coolants and Lubricants Market
Increasing technological advancements have significantly influenced the antifreeze coolant and lubricants market. The development of innovative additives and base fluids has led to the creation of products with enhanced performance characteristics, the incorporation of nanotechnology has resulted in lubricants with improved viscosity, reducing friction and enhancing fuel efficiency. Additionally, the focus on environmentally friendly formulations has driven research into biodegradable and synthetic base fluids for antifreeze coolants. Furthermore, the integration of digital technologies for product development and testing has accelerated innovation and time-to-market for new antifreeze and lubricant products, thereby propelling the overall market growth.
If you have any questions, please feel free to contact our experts at:
https://www.industryarc.com/reports/request-quote?id=800689
The report also covers the following areas:
Antifreeze Coolants and Lubricant 2023-2030: Key Highlights
To Get a Customized Industry Analysis, Speak with our Research Analyst:
https://connect.industryarc.com/lite/schedule-a-call-with-our-sales-expert
List of Key Market Players in the Antifreeze Coolants and Lubricant:
The Global Antifreeze Coolants and Lubricant is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
Related Reports:
Metal Deactivator Market is the growing demand for fuel additives and industrial lubricants to prevent metal corrosion and oxidation, driven by expanding automotive and aerospace industries.
Prefabricated Building Systems Market is the increasing adoption of modular construction methods, driven by the demand for sustainable, cost-effective, and time-efficient building solutions.
Latin America Fiber Cement Market is experiencing growth driven by increasing construction activities and demand for durable, low-maintenance building materials.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: sales@industryarc.com
USA: (+1) 518-282-4727
