The demand for anti-rheumatic drugs is growing due to the rising incidence of rheumatic diseases. A disease refers to any disorder affecting joints, tendons, ligaments…
Antifreeze or coolant is an additive used, to manage the temperature of the engine and protect liquid cooled internal combustion engines from freezing during the winter and boil-over during the summer. Antifreeze performs two primary functions such as lowering the freezing point of coolant and raising the boiling point of the coolant. Ethylene glycol and propylene glycol are antifreeze commonly used antifreezing agents added to water. It is widely used in the automotive cooling system to prevent damage to the engine water jacket and radiator. Used antifreeze may become contaminated with organic compounds like benzene and heavy metal such as lead when removed from vehicles.
Drivers and Restraints
Rising automotive industry all over the globe and growing demand for high-performance commercial vehicles are the key factors to enhance the growth of automotive antifreeze market. In addition, growing concerns related to protecting the automotive engines and radiators are propelling the demand for automotive antifreeze products. Increased demand for Ethylene Glycol to further facilitate growth in this market. Ethylene Glycol is mainly used in the automotive industry owing to its desirable thermal properties, including a high boiling point, low freezing point. Going forward, research and development activities for cost-effective, environment-friendly, Bio-Based Coolants or Antifreeze are anticipated to create immense opportunities for the Automotive Antifreeze Market over the forecast period.
The Asia Pacific region is dominated by the automotive antifreeze market followed by North America. The factor responsible for the growth of this market is the growing demand for passenger car and the lightweight vehicle in countries such as India, China, and Japan. In addition, the presence of major automobile manufacturers in the Asia Pacific region and increasing sale of automobiles in China is also creating huge growth for Automotive Antifreeze Market. North America is anticipated to be the fastest growing region in automotive antifreeze market. The demand for light vans and trucks has grown in this region. Europe has expected the steady growth in this market owing to the growing automotive manufacturing and aerospace sector.
Major Key Players in Industry
The report provides profiles of the companies in the global automotive antifreeze market such as Chevron Corporation, Exxon Mobil Corporation, China Petrochemical Corporation, Royal Dutch Shell PLC, Cummins Inc., BASF SE, Prestone Products Corporation and Motul.
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