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Antifreeze/Coolant Market by Product Type (Ethylene Glycol and Propylene Glycol), Application (Automobiles and Industrial), and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: October 2016
Report Code: CH 4667

 

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The market for antifreeze/coolant is estimated to grow from USD 4.52 Billion in 2016 to reach USD 6.62 Billion by 2021, at a CAGR of 7.91%. The base year considered for the study is 2015 and the market size is projected from 2016 to 2021. The segments considered for this report are based on product type, application, and region.

Report Objectives

  • To define, segment, and project the global antifreeze/coolant market on the basis of product type, application, and region
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges, and other issues)
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To project the size of the market, in terms of value and volume, with respect to the four main regions (along with their respective key countries), namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
  • To strategically profile key players and comprehensively analyze their core competencies

The research methodology used to forecast the market size was with the top-down approach. The total market size of antifreeze/coolant was identified based on the percentage split of different industries such as automobiles, electronics, and aerospace & defense in each country. These allotments and calculations were done on the basis of extensive primary interviews and secondary research from a variety of sources such as the European Flexographic Industry Association and the European Label Association. Primary research involved in this report includes extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the below figure:

Antifreeze/Coolant Market

To know about the assumptions considered for the study, download the pdf brochure

The global antifreeze/coolant ecosystem comprises antifreeze/coolant raw material suppliers, manufacturers, distributors, and end-use sectors (OEM’s). The value chain of the antifreeze/coolant market includes Royal Dutch Shell Plc. (Netherlands), Exxon Mobil Corporation (U.S.), BP Plc (U.K.), Total S.A. (France), Chevron Corporation (U.S.), Lukoil (Russia), Petronas (Malaysia), BASF SE(Germany), Cummins Inc (U.S.), and Motul S.A. (France).

Target Audience

  • Antifreeze/coolant manufacturers
  • OEMs
  • Manufacturing organizations 
  • Automotive manufacturers
  • Traders, distributors and suppliers of composite materials
  • Associations and industry bodies

Scope of the Report

The research report segments the antifreeze/coolant market into the following submarkets:

By Product Type:

  • Ethylene glycol
  • Polypropylene glycol
  • Others (methanol and glycerol)

By Application:

  • Automobiles
  • Industrial
  • Others (aerospace and electronics industries)

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further analysis of the antifreeze/coolant market for additional countries

Company Information

  • Detailed analysis and profiling of additional market players

Please click here to get the similar type of report Antifreeze Market by Product (Ethylene Glycol, Propylene Glycol, & Glycerine), Coolant Additive Market by Technology (IAT, OAT, Hoat); Coolant Aftermarket by Technology & Vehicle Type, & Region - Global Trends & Forecast to 2020.

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Periodization Considered
    1.4 Currency Considered
    1.5 Units Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations of the Research Study

3 Executive Summary (Page No. - 28)
    3.1 Introduction
    3.2 Antifreeze/Coolant Market
    3.3 Antifreeze/Coolant Market, By Product Type, 2016 vs 2021 (USD Million)
    3.4 Antifreeze/Coolant Market, By Application, 2016 vs 2021 (USD Million)
    3.5 Antifreeze/Coolant Market, By Region, (USD Million)

4 Premium Insights (Page No. - 32)
    4.1 Emerging Economies Offer Untapped and Unexplored Opportunities
    4.2 Antifreeze/Coolant Market, By Product Type (USD Million)
    4.3 Automotive Captured the Largest Share in the Antifreeze/Coolant Market in 2015
    4.4 Asia-Pacific Accounted for the Largest Share in the Antifreeze/Coolant Market in 2015
    4.5 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Evolution of Antifreeze/Coolant
    5.3 Antifreeze/Coolant Market Segmentation
    5.4 Market Dynamics
           5.4.1 Drivers
                     5.4.1.1 Rising Vehicle Production
                     5.4.1.2 Increasing Road Transportation
                     5.4.1.3 Government Legislations for Antifreeze/Coolant
           5.4.2 Restraints
                     5.4.2.1 Volatile Prices of Raw Material
                     5.4.2.2 Increasing Focus Towards Electric Vehicles
                     5.4.2.3 Engine Downsizing
           5.4.3 Opportunities
                     5.4.3.1 Glycerin & 1,3 Propanediol (PDO) as Coolant Base Fluids
           5.4.4 Challenges
                     5.4.4.1 Development of Environment Friendly Engine Coolants

6 Antifreeze/Coolant Market, By Product Type (Page No. - 44)
    6.1 Introduction
    6.2 Ethylene Glycol
    6.3 Propylene Glycol
    6.4 Others

7 Antifreeze/Coolant Market, By Application (Page No. - 48)
    7.1 Introduction
    7.2 Automobiles
    7.3 Industrial
    7.4 Others

8 Antifreeze/Coolant Market, By Region (Page No. - 52)
    8.1 Introduction
    8.2 Asia-Pacific
           8.2.1 Asia-Pacific: Antifreeze/Coolant Market Size, By Product Type
           8.2.2 Asia-Pacific: Antifreeze/Coolant Market Size, By Application
           8.2.3 Asia-Pacific: Antifreeze/Coolant Market Size, By Country
           8.2.4 China
                     8.2.4.1 China: Antifreeze/Coolant Market Size, By Product Type
                     8.2.4.2 China: Antifreeze/Coolant Market Size, By Application
           8.2.5 Japan
                     8.2.5.1 Japan: Antifreeze/Coolant Market Size, By Product Type
                     8.2.5.2 Japan: Antifreeze/Coolant Market Size, By Application
           8.2.6 India
                     8.2.6.1 India: Antifreeze/Coolant Market Size, By Product Type
                     8.2.6.2 India: Antifreeze/Coolant Market Size, By Application
           8.2.7 Rest of Asia-Pacific
                     8.2.7.1 Rest of Asia-Pacific: Antifreeze/Coolant Market Size, By Product Type
                     8.2.7.2 Rest of Asia-Pacific: Antifreeze/Coolant Market Size, By Application
    8.3 North America
           8.3.1 North America: Antifreeze/Coolant Market Size, By Product Type
           8.3.2 North America: Antifreeze/Coolant Market Size, By Application
           8.3.3 North America: Antifreeze/Coolant Market Size, By Country
           8.3.4 U.S.
                     8.3.4.1 U.S.: Antifreeze/Coolant Market Size, By Product Type
                     8.3.4.2 U.S.: Antifreeze/Coolant Market Size, By Application
           8.3.5 Canada
                     8.3.5.1 Canada: Antifreeze/Coolant Market Size, By Product Type
                     8.3.5.2 Canada: Antifreeze/Coolant Market Size, By Application
           8.3.6 Mexico
                     8.3.6.1 Mexico: Antifreeze/Coolant Market Size, By Product Type
                     8.3.6.2 Mexico: Antifreeze/Coolant Market Size, By Application
    8.4 Europe
           8.4.1 Europe: Antifreeze/Coolant Market Size, By Product Type
           8.4.2 Europe: Antifreeze/Coolant Market Size, By Application
           8.4.3 Europe: Antifreeze/Coolant Market Size, By Country
           8.4.4 Germany
                     8.4.4.1 Germany: Antifreeze/Coolant Market Size, By Product Type
                     8.4.4.2 Germany: Antifreeze/Coolant Market Size, By Application
           8.4.5 France
                     8.4.5.1 France: Antifreeze/Coolant Market Size, By Product Type
                     8.4.5.2 France: Antifreeze/Coolant Market Size, By Application
           8.4.6 U.K.
                     8.4.6.1 U.K.: Antifreeze/Coolant Market Size, By Product Type
                     8.4.6.2 U.K.: Antifreeze/Coolant Market Size, By Application
           8.4.7 Italy
                     8.4.7.1 Italy: Antifreeze/Coolant Market Size, By Product Type
                     8.4.7.2 Italy: Antifreeze/Coolant Market Size, By Application
           8.4.8 Rest of Europe
                     8.4.8.1 Rest of Europe: Antifreeze/Coolant Market Size, By Product Type
                     8.4.8.2 Rest of Europe: Antifreeze/Coolant Market Size, By Application
    8.5 RoW
           8.5.1 RoW: Antifreeze/Coolant Market Size, By Product Type
           8.5.2 RoW: Antifreeze/Coolant Market Size, By Application
           8.5.3 RoW: Antifreeze/Coolant Market Size, By Country
           8.5.4 Brazil
                     8.5.4.1 Brazil: Antifreeze/Coolant Market Size, By Product Type
                     8.5.4.2 Brazil: Antifreeze/Coolant Market Size, By Application
           8.5.5 Argentina
                     8.5.5.1 Argentina: Antifreeze/Coolant Market Size, By Product Type
                     8.5.5.2 Argentina: Antifreeze/Coolant Market Size, By Application
           8.5.6 South Africa
                     8.5.6.1 South Africa: Antifreeze/Coolant Market Size, By Product Type
                     8.5.6.2 South Africa: Antifreeze/Coolant Market Size, By Application
           8.5.7 Others in RoW
                     8.5.7.1 Others in RoW: Antifreeze/Coolant Market Size, By Product Type
                     8.5.7.2 Others in RoW: Antifreeze/Coolant Market Size, By Application

9 Competitive Landscape (Page No. - 104)
    9.1 Introduction
    9.2 Competitive Situations and Trends
    9.3 Competitive Landscape
           9.3.1 New Product Launches
           9.3.2 Joint Ventures
           9.3.3 Expansions

10 Company Profiles (Page No. - 109)
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     10.1 Introduction
     10.2 BP PLC 
     10.3 Chevron Corporation
     10.4 Royal Dutch Shell PLC 
     10.5 Total S.A.
     10.6 Exxon Mobil Corporation.
     10.7 Lukoil
     10.8 Petronas
     10.9 BASF SE
     10.10 Cummins Inc.
     10.11 Motul S.A.

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 134)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports


List of Tables (97 Tables)

Table 1 Antifreeze/Coolant Market Size, By Type, 2014–2021 (USD Million)
Table 2 Antifreeze/Coolant Market Size, By Type, 2014–2021 (KT)
Table 3 Antifreeze/Coolant Market Size, By Application, 2014–2021 (USD Million)
Table 4 Antifreeze/Coolant Market Size, By Application, 2014–2021 (KT)
Table 5 Antifreeze/Coolant Market Size, By Region, 2014-2021 (USD Million)
Table 6 Antifreeze/Coolant Market Size, By Region, 2014-2021 (KT)
Table 7 Asia-Pacific: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 8 Asia-Pacific: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 9 Asia-Pacific: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 10 Asia-Pacific: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 11 Asia-Pacific: Antifreeze/Coolant Market Size, By Country, 2015-2021 (USD Million)
Table 12 Asia-Pacific: Antifreeze/Coolant Market Size, By Country, 2014-2021 (KT)
Table 13 China: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 14 China: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 15 China: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 16 China: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 17 Japan: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 18 Japan: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 19 Japan: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 20 Japan: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 21 India: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 22 India: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 23 India: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 24 India: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 25 Rest of Asia-Pacific: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 26 Rest of Asia-Pacific: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 27 Rest of Asia-Pacific: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 28 Rest of Asia-Pacific: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 29 North America: Market Size for Antifreeze/Coolant, By Product Type, 2014-2021 (USD Million)
Table 30 North America: Market Size for Antifreeze/Coolant, By Product Type, 2014-2021 (KT)
Table 31 North America: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 32 North America: Market Size for Antifreeze/Coolant, By Application, 2014-2021 (KT)
Table 33 North America: Antifreeze/Coolant Market Size, By Country, 2014-2021 (USD Million)
Table 34 North America: Antifreeze/Coolant Market Size, By Country, 2014-2021 (KT)
Table 35 U.S.: Antifreeze/Coolant Market Size, By Product Type , 2014-2021 (USD Million)
Table 36 U.S.: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 37 U.S.: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 38 U.S.: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 39 Canada: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 40 Canada: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 41 Canada: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 42 Canada: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 43 Mexico: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 44 Mexico: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 45 Mexico: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 46 Mexico: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 47 Europe: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 48 Europe: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 49 Europe: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 50 Europe: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 51 Europe: Antifreeze/Coolant Market Size, By Country, 2015-2021 (USD Million)
Table 52 Europe: Antifreeze/Coolant Market Size, By Country, 2014-2021 (KT)
Table 53 Germany: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 54 Germany: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 55 Germany: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 56 Germany: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 57 France: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 58 France: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 59 France: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 60 France: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 61 U.K.: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 62 U.K.: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 63 U.K.: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 64 U.K.: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 65 Italy: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 66 Italy: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 67 Italy: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 68 Italy: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 69 Rest of Europe: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 70 Rest of Europe: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 71 Rest of Europe: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 72 Rest of Europe: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 73 RoW: Antifreeze/Coolant Application Market Size, By Product Type , 2014-2021 (USD Million)
Table 74 RoW: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 75 RoW: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 76 RoW: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 77 RoW: Antifreeze/Coolant Market Size, By Country, 2014-2021 (USD Million)
Table 78 RoW: Antifreeze/Coolant Market Size, By Country, 2014-2021 (KT)
Table 79 Brazil: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 80 Brazil: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 81 Brazil: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 82 Brazil: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 83 Argentina: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 84 Argentina: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 85 Argentina: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 86 Argentina: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 87 South Africa: Antifreeze/Coolant Market Size, By Product Type , 2014-2021 (USD Million)
Table 88 South Africa: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 89 South Africa: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 90 South Africa: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 91 Others in RoW: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (USD Million)
Table 92 Others in RoW: Antifreeze/Coolant Market Size, By Product Type, 2014-2021 (KT)
Table 93 Others in RoW: Antifreeze/Coolant Market Size, By Application, 2014-2021 (USD Million)
Table 94 Others in RoW: Antifreeze/Coolant Market Size, By Application, 2014-2021 (KT)
Table 95 New Product Launches, 2008–2015
Table 96 Joint Ventures, 1988
Table 97 Expansions, 2014
 
 
List of Figures (44 Figures)
 
Figure 1 Antifreeze/Coolant Market
Figure 2 Antifreeze/Coolant Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Limitations
Figure 7 The Demand for Ethylene Glycol is Projected to Drive the Antifreeze/Coolant Market From 2016 to 2021
Figure 8 The Demand for Ethylene Glycol is Projected to Drive the Antifreeze/Coolant Market From 2016 to 2021
Figure 9 North America Projected to Be the Fastest-Growing Region for the Antifreeze/Coolant Market
Figure 10 Growth in the Automotive Industry is Increasing the Antifreeze/Coolant Market Sales
Figure 11 Ethylene Glycol is Estimated to Lead the Antifreeze/Coolant Market for the Period 2016 to 2021
Figure 12 China Accounted for the Largest Share in the Asia-Pacific Region
Figure 13 RoW is Projected to Be the Fastest-Growing Market From 2016 to 2021
Figure 14 North America to Be Fastest Growing Antifreeze/Coolant Market Between 2016 and 2021
Figure 15 Evolution of Antifreeze/Coolant Market
Figure 16 Antifreeze/Coolant Market Segmentation
Figure 17 Rise in Vehicle Production is the Key Driver of the Market
Figure 18 Vehicle Production Data
Figure 19 Crude Oil Statistics
Figure 20 Antifreeze/Coolant Market Size, By Type, 2016 & 2021 (USD Million)
Figure 21 Antifreeze/Coolant Market Size, By Application, 2016 & 2021 (USD Million)
Figure 22 Country Snapshot: Antifreeze/Coolant Market Growth Rate 2016-2021
Figure 23 Asia-Pacific: Market Snapshot
Figure 24 North America: Market Snapshot
Figure 25 Europe: Market Snapshot
Figure 26 Brazil Projected to Be the Fastest-Growing Antifreeze/Coolant Market in RoW
Figure 27 New Product Launch Was the Most Preferred Growth Strategy Adopted By Major Players Between 2010 and 2015
Figure 28 2015 Was Observed to Be the Most Active in Terms of Developments Within the Antifreeze/Coolant Market
Figure 29 Major Growth Strategies in the Global Antifreeze/Coolant Market, 2010-2015
Figure 30 Geographic Revenue Mix of Top 5 Market Players - Reference
Figure 31 British Petroleum: Company Snapshot
Figure 32 BP PLC: SWOT Analysis
Figure 33 Chevron Corporation: Company Snapshot
Figure 34 Chevron Corporation: SWOT Analysis
Figure 35 Royal Ducth Shell PLC: Company Snapshot
Figure 36 Royal Ducth Shell PLC: SWOT Analysis
Figure 37 Total S.A.: Company Snapshot
Figure 38 Total S.A.: SWOT Analysis
Figure 39 Exxon Mobil Corporation: Company Snapshot
Figure 40 Exxon Mobil Corporation: SWOT Analysis
Figure 41 Lukoil: Company Snapshot
Figure 42 Petronas: Company Snapshot
Figure 43 BASF SE: Company Snapshot
Figure 44 Cummins Inc.: Company Snapshot

MarketsandMarkets projects that the antifreeze/coolant market will grow from USD 4.52 Billion in 2016 to USD 6.62 Billion by 2021, at an estimated CAGR of 7.91%. The market is growing due to the growth in end-use industries such as automobiles, aerospace & defense, electronics and other industrial uses. Additionally, rise in demand of vehicle production and increase in use of road transportation fuel growth of antifreeze/coolant market globally. Economies such as India, South Africa, Brazil, and the Gulf countries possess a great potential for the antifreeze/coolant market.

This market has been segmented on the basis of product type, application, and region. In terms of product type, ethylene glycol held the largest market share, in terms of value, propylene glycol is projected to be the fastest-growing product type in antifreeze/coolant market. This growth is witnessed because of the increase in demand for less toxic coolant products in the end use industries such as automotive and industrial.

In terms of application, the automotive segment accounted for the largest share in this market, in terms of both value and volume, among the end-use industries. However, the industrial application segment is projected to grow at a significant rate. The demand for antifreeze/coolants is increasing as it ensures workability and performance of engines and heat exchangers in applications such as winterization of potable water systems, sanitation systems, non-running engines, and air conditioners.

In terms of region, the market for antifreeze/coolant has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The North American region is projected to grow at the highest CAGR among all the regions by 2021. This is mainly due to the emerging economies, growth in automotive aftermarket and do-it-yourself (DIY) culture in North America, increase in awareness of antifreeze/coolant, and, most importantly, the rise in trends in the industries such as automobiles, electronics, and aerospace and defense.

Antifreeze/Coolant Market

The global antifreeze/coolant market is expanding and is projected to witness a considerable growth over the next five years. The growth of this market is attributed to the rise in vehicle production. Increase in road transportation and urbanization will provide huge opportunities for the growth of this market. However, high cost of raw materials and increase in focus toward electric vehicles may restrain the growth of antifreeze/coolant market.

Strategies such as expansions and joint ventures were adopted by most of the players in this market. Companies such as Chevron Corporation (U.S.), Royal Dutch Shell Plc (Netherlands), Cummins Inc (U.S.), and BASF SE (Germany) were the key players who adopted these strategies to increase the reach of their offerings, improve their production capacity, and establish focus on core operations. Companies also emphasized on new product launches to increase their product portfolio in the fastest-growing regions. These players also have a strong distribution network and influencing presence in the developed as well as developing economies.

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