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Automotive Antifreeze Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

October 2023 | 144 pages | ID: A50F4C34055FEN
IMARC Group

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Market Overview:

The global automotive antifreeze market size reached US$ 4.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

Automotive antifreeze is a colored liquid that is used as an additive along with water to maintain the temperature of the internal combustion engine (ICE). Ethylene glycol, propylene glycol, and glycerin are some commonly used automotive antifreeze fluids. They are produced through organic acid technology (OAT), inorganic additive technology (IAT), and hybrid organic acid technology (HOAT). Automotive antifreeze is widely used to regulate the engine during extreme weather conditions and protect it from corrosion. It acts by lowering the water’s freezing point and raising its boiling point, which, in turn, protects the engine from extensive damage, explosion, and overheating.

Automotive Antifreeze Market Trends:

The market is primarily being driven by significant growth in the automotive industry. Automotive antifreeze is widely used in passenger and commercial vehicles to maintain optimum fuel economy, reduce maintenance costs, prevent breakdowns, rust, and electrolysis, and extend the life of rubber and plastic components. Furthermore, the widespread utilization of heavy-duty antifreeze in construction equipment, such as bulldozers, excavators, harvesters, trenchers, and forklifts, is providing a considerable boost to market growth. Additionally, the introduction of environmental-friendly and bio-based antifreeze, such as glycerin that can be produced from corn, stover, and other oil-rich sources, is providing an impetus to market growth. Moreover, the rising demand for high-quality, technologically advanced additive supplements in antifreeze to improve the health and longevity of diesel engines by inhibiting corrosion and cavitation is creating a positive outlook for the market. Other factors, including the implementation of various government initiatives promoting the use of high-performance lubricants to reduce carbon footprints and extensive research and development (R&D) activities to engineer cost-effective and non-toxic product variants with extended life, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive antifreeze market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on fluid type, technology, vehicle type and distribution channel.

Breakup by Fluid Type:

Ethylene Glycol

Propylene Glycol

Glycerine

Breakup by Technology:

Inorganic Additive Technology (IAT)

Organic Acid Technology (OAT)

Hybrid Organic Acid Technology (HOAT)

Breakup by Vehicle Type:

Passenger Vehicle

Commercial Vehicle

Construction Vehicle

Breakup by Distribution Channel:

Original Equipment Manufacturers (OEMs)

Aftermarket

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AMSOIL Inc., BP p.l.c., Chevron Corporation, Cummins Inc., ExxonMobil Corporation, Fuchs Petrolub SE, Halfords Group PLC, Motul S.A, Prestone Products Corporation, Recochem Inc., Shell plc, TotalEnergies SE, Valvoline Inc. and VOLTRONIC GmbH.

Key Questions Answered in This Report

1. What was the size of the global automotive antifreeze market in 2022?

2. What is the expected growth rate of the global automotive antifreeze market during 2023-2028?

3. What has been the impact of COVID-19 on the global automotive antifreeze market?

4. What are the key factors driving the global automotive antifreeze market?

5. What is the breakup of the global automotive antifreeze market based on the fluid type?

6. What is the breakup of the global automotive antifreeze market based on the technology?

7. What is the breakup of the global automotive antifreeze market based on the vehicle type?

8. What is the breakup of the global automotive antifreeze market based on the distribution channel?

9. What are the key regions in the global automotive antifreeze market?

10. Who are the key players/companies in the global automotive antifreeze market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL AUTOMOTIVE ANTIFREEZE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY FLUID TYPE

6.1 Ethylene Glycol
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Propylene Glycol
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Glycerine
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY TECHNOLOGY

7.1 Inorganic Additive Technology (IAT)
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Organic Acid Technology (OAT)
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Hybrid Organic Acid Technology (HOAT)
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY VEHICLE TYPE

8.1 Passenger Vehicle
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Commercial Vehicle
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Construction Vehicle
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY DISTRIBUTION CHANNEL

9.1 Original Equipment Manufacturers (OEMs)
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Aftermarket
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 AMSOIL Inc.
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 BP p.l.c.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Chevron Corporation
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
    15.3.3.4 SWOT Analysis
  15.3.4 Cummins Inc.
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 ExxonMobil Corporation
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 Fuchs Petrolub SE
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 Financials
    15.3.6.4 SWOT Analysis
  15.3.7 Halfords Group PLC
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8 Motul S.A
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 Prestone Products Corporation
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Recochem Inc.
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 Shell plc
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
  15.3.12 TotalEnergies SE
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
    15.3.12.4 SWOT Analysis
  15.3.13 Valvoline Inc.
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio
    15.3.13.3 Financials
    15.3.13.4 SWOT Analysis
  15.3.14 VOLTRONIC GmbH
    15.3.14.1 Company Overview
    15.3.14.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Automotive Antifreeze Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Automotive Antifreeze Market Forecast: Breakup by Fluid Type (in Million US$), 2023-2028
Table 3: Global: Automotive Antifreeze Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Automotive Antifreeze Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 5: Global: Automotive Antifreeze Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 6: Global: Automotive Antifreeze Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Automotive Antifreeze Market: Competitive Structure
Table 8: Global: Automotive Antifreeze Market: Key Players

LIST OF FIGURES

Figure 1: Global: Automotive Antifreeze Market: Major Drivers and Challenges
Figure 2: Global: Automotive Antifreeze Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Automotive Antifreeze Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Automotive Antifreeze Market: Breakup by Fluid Type (in %), 2022
Figure 5: Global: Automotive Antifreeze Market: Breakup by Technology (in %), 2022
Figure 6: Global: Automotive Antifreeze Market: Breakup by Vehicle Type (in %), 2022
Figure 7: Global: Automotive Antifreeze Market: Breakup by Distribution Channel (in %), 2022
Figure 8: Global: Automotive Antifreeze Market: Breakup by Region (in %), 2022
Figure 9: Global: Automotive Antifreeze (Ethylene Glycol) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Automotive Antifreeze (Ethylene Glycol) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Automotive Antifreeze (Propylene Glycol) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Automotive Antifreeze (Propylene Glycol) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Automotive Antifreeze (Glycerine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Automotive Antifreeze (Glycerine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Automotive Antifreeze (Inorganic Additive Technology (IAT)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Automotive Antifreeze (Inorganic Additive Technology (IAT)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Automotive Antifreeze (Organic Acid Technology (OAT)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Automotive Antifreeze (Organic Acid Technology (OAT)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Automotive Antifreeze (Hybrid Organic Acid Technology (HOAT)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Automotive Antifreeze (Hybrid Organic Acid Technology (HOAT)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Automotive Antifreeze (Passenger Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Automotive Antifreeze (Passenger Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Automotive Antifreeze (Commercial Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Automotive Antifreeze (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Automotive Antifreeze (Construction Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Automotive Antifreeze (Construction Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Automotive Antifreeze (Original Equipment Manufacturers (OEMs)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Automotive Antifreeze (Original Equipment Manufacturers (OEMs)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Automotive Antifreeze (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Automotive Antifreeze (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia-Pacific: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia-Pacific: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Automotive Antifreeze Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Automotive Antifreeze Market: Breakup by Country (in %), 2022
Figure 79: Middle East and Africa: Automotive Antifreeze Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Global: Automotive Antifreeze Industry: SWOT Analysis
Figure 81: Global: Automotive Antifreeze Industry: Value Chain Analysis
Figure 82: Global: Automotive Antifreeze Industry: Porter's Five Forces Analysis


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