The new report by Expert Market Research titled, ‘Global Automotive Antifreeze Market Share, Size, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global automotive antifreeze market, assessing the market based on its segments like fluid type, technology, application, distribution channel and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/automotive-antifreeze-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 8.9%
The increased demand for high-performance automobiles is driving the automotive antifreeze industry. High-performance vehicle production has increased in recent years as a result of rapid technological advancements and growing living standards as a result of larger disposable incomes. Various motor racing competitions, such as Formula 1, are also helping to boost market demand for high-performance, heavy vehicles. Car coolants are essential for managing the excessive heat generated by a powerful engine at high speeds and maintaining the vehicle’s longevity.
Additionally, as the chemical industry invests in research, automotive coolants are subject to significant technological advancements such as Organic Acid Technology (OAT), Hybrid Organic Acid Technology (HOAT), and Inorganic Acid Technology (IAT), which aid in the creation of silica and phosphate-free products, propelling the industry forward.
Industry Definition and Major Segments
Automotive antifreeze is a coloured liquid that is blended with water to assist maintain the vehicle’s temperature within a certain range. It is used to keep the engine running smoothly during severe weather and to prevent corrosion.
On the basis of fluid type, the market can be divided into:
• Ethylene Glycol
• Propylene Glycol
Based on technology, the market can be segmented into:
• Inorganic Additive Technology (IAT)
• Organic Acid Technology (OAT)
• Hybrid Organic Acid Technology (HOAT)
Based on application, the market is bifurcated into:
• Passenger Vehicle
• Commercial Vehicle
• Construction Vehicle
The regional markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Low labor costs and simple availability of raw materials are driving demand for automotive antifreeze fluids. Many car manufacturers are generating strong demand for antifreeze fluids in order to provide high-quality services to potential clients. Increased health concerns as a result of the coronavirus pandemic epidemic have boosted demand for automobiles and, as a result, demand for automobile antifreeze.
Furthermore, as public awareness of climate change grows, the introduction of electronic vehicles in the next years is expected to drive demand for automotive antifreeze solutions. Because of the potential benefits of electronic car batteries, the ethylene glycol sector is predicted to grow. However, the chemical’s negative environmental effects may stifle market growth over the projection period.
Hardware in the Loop Market- https://www.expertmarketresearch.com/reports/hardware-in-the-loop-market
Heating Radiator Market- https://www.expertmarketresearch.com/reports/heating-radiator-market
Lithium-Ion Battery Manufacturers: https://www.expertmarketresearch.com/articles/top-lithium-ion-battery-companies
Hypervolt plus Cordless Vibration Massager Market: https://www.expertmarketresearch.com/reports/hypervolt-plus-cordless-vibration-massager-market
Frozen Fruits and Vegetables Market- https://www.expertmarketresearch.com/reports/frozen-fruits-and-vegetables-market
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: Ana John, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA