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(Transportation-News.com, November 02, 2018 ) A report published by Fact.MR on “Automotive Antifreeze Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” delivers the most viable market performance during the forecast period 2017 – 2022. Considering the various facets of the market, the comprehensive insights covered in the report provide the readers with an all-inclusive market scenario. The automotive antifreeze market report includes information with respect to product type including ethylene glycol, propylene glycol and glycerin. In addition, the market is also evaluated by considering different vehicle types including PC, LCV and HCV as well as by sales channel including aftermarket and OEM. A thorough analysis of the historical data, current market scenario and future market projections in the automotive antifreeze market are also included in the report.
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Assessment of the vehicle type segment reveals that the passenger car segment is expected to report the highest demand for automotive antifreeze and share a major market share by crossing US$ 100 million by 2022 end. On account of rising sales of passenger cars in developing regions such as APEJ, particularly, sales of passenger cars, typically in the category of first-time consumers, in China and India are highlighted.
Propylene glycol is anticipated to continue its leading position as the most preferred automotive antifreeze while reporting a healthy CAGR during the review period. Ethylene glycol is the next preferred automobile antifreeze product and is expected to follow the trail.
A keen observation between the relationship of the flourishing automotive industry and rapidly expanding automobile aftermarket and OEMs sales channel has been offered in the research analysis. The study envisages that the aftermarket sales channel is projected to continue its pre-eminence over OEM channel in the automotive antifreeze market with the revenue generation of over US$ 300 million by 2022 end. OEM’s have been observed to share lower contribution in the market, however, by accurately addressing specific consumer demands, OEM is expected to rise above the current market position during the forecast period.
The comprehensive research study also tracks the automotive antifreeze market in the key regions and delivers an unbiased analysis of the future market performance. With the sales of cars on the rise, the Asia Pacific Excluding Japan (APEJ) region is estimated to remain at the helm of the automotive antifreeze demand during the forecast period. An analogous expansion of North America region is observed in terms of growth rate during 2017 – 2022.
The research study also entails a number of caveats confining the growth of the automotive antifreeze market during the review period. Fluctuations in the cost of raw materials are expected to affect the small-scale market players. Although APEJ is expected to dominate the automotive antifreeze market, rising labor costs in China are expected to impact the lucrativeness of the market.
Increasing Preference for the Production of Bio-Based Automotive Antifreeze to Pave a New Path in the Market
Antifreeze poisoning is one of the well-known adverse health effects of automotive antifreeze. Apart from its toxic influence on small animals, prolonged exposure of automotive antifreeze has been suggested to cause poisoning in humans. On the other hand, automotive antifreeze causes potential harm to the environment in terms of polluting different water resources. In light of this, governments in various countries have taken disciplinary actions to offset the harmful effects of the automotive antifreeze on the environment. In a bid to meet the standards put forth by various government bodies have pushed manufacturers to incorporate bio-based antifreeze in different lubricant formulations. Owing to the environment-friendly and biodegradable nature of bio-based automotive antifreeze, consumer demand for these sustainable antifreeze solutions is likely to rise in the coming years.
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Propylene Glycol-based Antifreeze Remains Highly Preferred
Owing to its higher compatibility, low-cost and non-toxicity, propylene glycol is highly sought after by automotive antifreeze manufacturers. In the traditionally used green, yellow and blue antifreeze, propylene glycol is the major component used in the cooling system based on inorganic acid technology. Adoption of inorganic acid technology remains at the helm of the demand, in turn, driving the demand for propylene glycol-based antifreeze. While ethylene glycol is also another chemical highly sought after by automakers, associated stringent regulatory framework, the high cost of handling and storage, corrosive properties and toxicity of ethylene glycol has significantly shifted manufacturers’ preference towards propylene glycol-based antifreeze products. In addition, developments in the processing technologies and favorable regulatory framework in terms of substitution of toxic compounds are further propelling the demand for propylene glycol-based automotive antifreeze.
Demand for High-Performance Lubricants to Propel the Automotive Antifreeze Market
The inception of high-performance lubrication can be tracked to the changing environmental regulations with regard to reducing carbon footprints of vehicles that demanded high-performance lubricants to enhance the fuel efficiency of the vehicle. Automotive antifreeze is added in the high-performance lubricants to protect the lubricants from freezing. Moreover, vehicle owners actively seek engine maintenance to increase the durability of engine operations and, in turn, that of the overall vehicle. This has further propelled the demand for high-quality automotive antifreeze products. To meet the growing demand for efficient automotive antifreeze in high-performance vehicles, key stakeholders in the automotive antifreeze market have been observed to adopt expansion and new product launch strategies to maintain the market sustainability.
Table of Content:
1.Global Automotive Antifreeze Market - Executive Summary
2.Global Automotive Antifreeze Market Overview
2.1.Introduction
2.1.1. Global Automotive Antifreeze Market Taxonomy
2.1.2. Global Automotive Antifreeze Market Definition
2.2.Global Automotive Antifreeze Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Antifreeze Market Y-o-Y Growth
2.3.Global Automotive Antifreeze Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4.Supply Chain
2.5.Cost Structure
2.6.Pricing Analysis
2.7.Raw Material Sourcing Strategy and Analysis
2.8.List of Distributors
2.9.Key Participants Market Presence (Intensity Map) By Region
2.10. Competitive Assessment and Technology Trends in Future
3.Global Automotive Antifreeze Market Analysis and Forecast By Product Type
3.1.Global Automotive Antifreeze Market Size and Forecast By Product Type, 2012-2022
3.1.1. Ethylene Glycol Automotive Antifreeze Market Size and Forecast, 2012-2022
3.1.1.1.Revenue (US$ Mn) Comparison, By Region
3.1.1.2.Market Share Comparison, By Region
3.1.1.3.Y-o-Y growth Comparison, By Region
3.1.2. Polypropylene Glycol Automotive Antifreeze Market Size and Forecast, 2012-2022
3.1.2.1.Revenue (US$ Mn) Comparison, By Region
3.1.2.2.Market Share Comparison, By Region
3.1.2.3.Y-o-Y growth Comparison, By Region
3.1.3. Glycerin Automotive Antifreeze Market Size and Forecast, 2012-2022
Continued………….
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