Antifreeze & Coolants Market by Product Type (Ethylene Glycol, Propylene Glycol, Others), by Technology (Inorganic Additive Technology (IAT), by Application (Automobiles, Industrial, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Antifreeze & Coolants Market size was valued at USD 16.2 USD Billion in 2023 and is projected to reach USD 37.64 USD Billion by 2032, exhibiting a CAGR of 12.8 % during the forecast period. Auto and industrial coolants and antifreeze are the types of fluids that are required for maintaining the heat temperature required for running an engine. Antifreeze, often glycol, helps avoid water in the engine freezing in cold and boiling in warm temperatures. There are three main types: It uses ethylene glycol, propylene glycol, and hybrid organic acid technology (HOAT) for the heat transfer fluid. Ethylene glycol is very efficient but hazardous, and propylene glycol is less toxic and used in ecologically delicate cases. Thus, the HOAT increases the duration of protection by using organic acids and silicates in equal proportions. These are features such as bringing causality to inhibit corrosion and having high boiling and low freezing points. They also have additives which prevent scale formation on the tubes and make heat transfers more effective. It’s used as an antifreeze and coolant and assists in preventing engine overheating, freezing and corrosion; increasing its life and efficiency. They are mostly used in car radiators, air-conditioning systems, industrial use; and marine use too. It has benefits such as better performance in a car engine, reduced expenses on maintenance, and durability.
Product Type:
Technology:
Application:
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 12.8% from 2019-2033 |
Segmentation |
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 12.8% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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