Market Overview

Global Antifreeze Market 2017 by Vehicle Type, Product, Engine Coolant Additive Technology OE & Aftermarket & Region and Construction Equipment Engine Coolant Market - Forecast to 2021 - Research and Markets

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Research and Markets has announced the addition of the "Antifreeze
Market by Vehicle Type, Product (Ethylene Glycol, Propylene Glycol &
Glycerin), Engine Coolant Additive Technology OE & Aftermarket (IAT,
OAT, & HOAT) & Region and Construction Equipment Engine Coolant Market -
Forecast to 2021"
report to their offering.

The antifreeze market for original equipment is projected to grow at a
CAGR of 5.18% during the forecast period, to reach USD 885.1 Million by
2021

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 traveled per year per country are the key factors
fueling the demand for antifreeze in the aftermarket.

The market for antifreeze, by value, is projected to grow at the fastest
rate in the light commercial vehicle (LCV) segment. While passenger cars
dominated the antifreeze market in 2016, light commercial vehicles are
expected to dominate the market by 2021. The antifreeze market in LCV
segment is expected to grow at a CAGR of 5.62% during the forecast
period. This is due to the increase in production of this segment of
vehicles, especially in the U.S., and the higher quantity of coolant
required for these vehicles as compared to passenger cars.

Ethylene glycol is expected to dominate the base product market for
antifreeze in the automotive industry. This is due to its efficient
thermal properties, which make it suitable for extremely cold regions,
along with its economical prices. Regions such as Asia-Oceania, North
America, and Rest of the World (RoW) still witness a large market share
of ethylene glycol for automotive antifreeze, making it a market leader
in the base product market for automotive antifreeze.

Organic Acid Technology (OAT) is the largest as well as the fastest
growing additive technology for the antifreeze market in the automotive
industry. In the initial years, Inorganic Acid Technology (IAT) was used
as the only additive technology in antifreeze. However, with
technological advancements, these technologies also saw a shift to more
sustainable options such as OAT and Hybrid Organic Acid Technology
(HOAT).

Although the HOAT segment dominates the engine coolant aftermarket, OAT
is projected to lead the market by 2021 and is the fastest growing
segment as well. HOAT has the largest market share in developed regions
such as Europe and North America. However, the trend for OAT based
engine coolant is rising and is expected to dominate the market by 2021.

The crawler excavator application dominates the construction equipment
engine coolant market. These excavators are used in various industries
such as construction, mining, and agriculture. The construction industry
has witnessed a boom in the market owing to growth in the housing sector.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Automotive Antifreeze Oe Market, By Product & Region

7 Automotive Antifreeze Market, By Additive Technology and Region

8 Engine Coolant Aftermarket, By Technology, Region & Vehicle Type

9 Construction Equipment Engine Coolant Market, By Application and Region

10 Automotive Antifreeze Market, By Region & Vehicle Type

11 Competitive Landscape

12 Company Profiles

13 Key Innovators

14 Appendix

Companies Mentioned

  • BASF SE
  • BP P.L.C.
  • Chevron Corporation
  • China Petrochemical Corporation
  • Cummins Inc.
  • Dupont Tate & Lyle Bio Products
  • Evans Cooling Systems, Inc.
  • Exxon Mobil Corporation
  • Motul
  • Prestone Products Corporation
  • Recochem Inc.
  • Royal Dutch Shell PLC
  • Total

For more information about this report visit http://www.researchandmarkets.com/research/lx3q4l/antifreeze_market

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