Pre-order Enquiry
Request Free Sample
Healthcare
Aerospace & Defence
Agriculture
Automations
Chemicals & Advanced Materials
Food & Beverages
Information & Communication Technology
Oil & Gas
Power & Energy
According to the latest research, the global Antifreeze market size was valued at USD 6908.73 million in 2022 and is expected to expand at a CAGR of 6.26% during the forecast period, reaching USD 9944.42 million by 2028.
Antifreeze is an additive that helps manage the temperature of a vehicle’s engine by reducing freezing point and increasing the boiling point of the cooling system. It can be developed from either organic acid, inorganic salts, and azoles or a combination of all three.
The impact of the Russia-Ukraine war on the Antifreeze Market
The Russia and Ukraine War has disrupted energy markets and geopolitics, pushing oil and gas prices to their highest levels in nearly a decade and forcing many countries to rethink their energy supplies. According to the International Energy Agency, Russia is the largest oil exporter on the global market, and its natural gas fuels the European economy. In 2019, the EU imported about 40% of its natural gas, more than a quarter of its oil and about half of its coal from Russia. But with the economic sanctions imposed on Russia by European and American countries, this situation may change in the future. Poland, for example, announced it would ban all imports of Russian oil, gas and coal by the end of the year. On February 22, 2022, Germany cancelled its approval for a new Russian gas pipeline. Belgium is reconsidering exiting nuclear power, while Italy, the Netherlands and the UK are all accelerating the installation of wind power. Although these countries have taken some measures on the energy market, the important position of Russia and Ukraine in the world energy market has still caused the global energy price to soar. Rising energy prices have driven up the cost of antifreeze production.
Antifreeze Market Drivers Analysis
At present, the global energy and environmental systems are facing enormous challenges. As a major contributor to oil consumption and carbon dioxide emissions, automobiles need to undergo revolutionary changes. In the long run, vehicle electrification will be the main technological direction of the automotive industry. Compared with traditional fuel vehicles, new energy vehicles have more battery cooling systems, so there is a greater demand for antifreeze. The amount of antifreeze used in traditional fuel vehicles is generally only 5 liters per vehicle, while new energy vehicles require 6-30 liters, and new energy vehicles need 6-8 liters if they use air cooling. Tesla, Weilai Automobile, etc.) need about 20-30 liters. Therefore, it is expected that the development of the new energy vehicle industry will promote the development of the Antifreeze industry.
The number of cars in China has exceeded 200 million, and about 23 million new vehicles are sold each year. Car ownership in U.S. households has remained above 90 percent, supported by socioeconomic trends, including greater labor force participation and rising incomes, urban sprawl and low-density suburban development, as well as an ample and affordable supply of roads and parking spaces. From the perspective of car ownership in various countries, China, the United States, Japan, Russia, and Germany are among the top five in the world in terms of car ownership, and the global car ownership exceeds 1 billion. Therefore, the annual retail sales of Antifreeze products form a huge market. This part of the market is expected to provide stable market demand for the Antifreeze market.
Region Overview:
From 2023-2028, China is estimated to witness robust growth prospects.
Company Overview:
Prestone is one of the major players operating in the Antifreeze market, holding a share of 9.52% in 2022.
Prestone manufactures antifreeze and car care products. The Company offers products that protect cooling systems in automobiles and light and heavy duty vehicle applications which includes pre-diluted, heavy duty antifreeze products, and cooling system cleaners.
Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Downstream, and Corporate. The Integrated Gas segment manages liquefied natural gas activities and the conversion of natural gas into gas to liquids fuels and other products. The Upstream segment manages the exploration for and extraction of crude oil, natural gas, and natural gas liquids. The Downstream segment manages different oil products and chemical activities as part of an integrated value chain, including trading activities, what turns crude oil and other feedstock into a range of products which are moved and marketed around the world for domestic, and industrial and transport use. The Corporate segment comprises holdings and treasury, self-insurance activities, and headquarters and central functions of the company.
Segmentation Overview:
Among different product types, Ethylene Glycol Antifreeze segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Passenger Vehicles segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Antifreeze industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Antifreeze. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Antifreeze Market Report Include:
Market Size Estimates: Antifreeze market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Antifreeze market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Antifreeze market
Segment Market Analysis: Antifreeze market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Antifreeze market situations and prospects in major and top regions and countries
Antifreeze Market
Antifreeze Industry Chain: Antifreeze market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Antifreeze Industry News, Policies by regions
Antifreeze Industry Porters Five Forces Analysis
Key players in the global Antifreeze market are covered in Chapter 2:
Solar Applied Materials
Eurolub
FUCHS PETROLUB
Recochem
Sinopec
Shell
Silverhook
Millers Oils
Gulf Oil International
Lopal
ABRO
Exxon Mobil
Chevron
CCI
Clariant
Castrol
Arteco
Paras Lubricants
Total
DELIAN GROUP
CNPC
Iada
Evans
Amsoil
Old World Industries
Caldic
Valvoline
SONAX
MITAN
Prestone
BASF
In Chapter 6 and Chapter 9, on the basis of types, the Antifreeze market from 2018 to 2028 is primarily split into:
Ethylene Glycol
Propylene Glycol
Other
In Chapter 7 and Chapter 10, on the basis of applications, the Antifreeze market from 2018 to 2028 covers:
Passenger Vehicles
Commercial Vehicles
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Antifreeze market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Antifreeze industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Antifreeze market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Antifreeze industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Antifreeze market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Antifreeze market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Antifreeze market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Antifreeze is an additive that helps manage the temperature of a vehicle’s engine by reducing freezing point and increasing the boiling point of the cooling system. It can be developed from either organic acid, inorganic salts, and azoles or a combination of all three.
The impact of the Russia-Ukraine war on the Antifreeze Market
The Russia and Ukraine War has disrupted energy markets and geopolitics, pushing oil and gas prices to their highest levels in nearly a decade and forcing many countries to rethink their energy supplies. According to the International Energy Agency, Russia is the largest oil exporter on the global market, and its natural gas fuels the European economy. In 2019, the EU imported about 40% of its natural gas, more than a quarter of its oil and about half of its coal from Russia. But with the economic sanctions imposed on Russia by European and American countries, this situation may change in the future. Poland, for example, announced it would ban all imports of Russian oil, gas and coal by the end of the year. On February 22, 2022, Germany cancelled its approval for a new Russian gas pipeline. Belgium is reconsidering exiting nuclear power, while Italy, the Netherlands and the UK are all accelerating the installation of wind power. Although these countries have taken some measures on the energy market, the important position of Russia and Ukraine in the world energy market has still caused the global energy price to soar. Rising energy prices have driven up the cost of antifreeze production.
Antifreeze Market Drivers Analysis
At present, the global energy and environmental systems are facing enormous challenges. As a major contributor to oil consumption and carbon dioxide emissions, automobiles need to undergo revolutionary changes. In the long run, vehicle electrification will be the main technological direction of the automotive industry. Compared with traditional fuel vehicles, new energy vehicles have more battery cooling systems, so there is a greater demand for antifreeze. The amount of antifreeze used in traditional fuel vehicles is generally only 5 liters per vehicle, while new energy vehicles require 6-30 liters, and new energy vehicles need 6-8 liters if they use air cooling. Tesla, Weilai Automobile, etc.) need about 20-30 liters. Therefore, it is expected that the development of the new energy vehicle industry will promote the development of the Antifreeze industry.
The number of cars in China has exceeded 200 million, and about 23 million new vehicles are sold each year. Car ownership in U.S. households has remained above 90 percent, supported by socioeconomic trends, including greater labor force participation and rising incomes, urban sprawl and low-density suburban development, as well as an ample and affordable supply of roads and parking spaces. From the perspective of car ownership in various countries, China, the United States, Japan, Russia, and Germany are among the top five in the world in terms of car ownership, and the global car ownership exceeds 1 billion. Therefore, the annual retail sales of Antifreeze products form a huge market. This part of the market is expected to provide stable market demand for the Antifreeze market.
Region Overview:
From 2023-2028, China is estimated to witness robust growth prospects.
Company Overview:
Prestone is one of the major players operating in the Antifreeze market, holding a share of 9.52% in 2022.
Prestone manufactures antifreeze and car care products. The Company offers products that protect cooling systems in automobiles and light and heavy duty vehicle applications which includes pre-diluted, heavy duty antifreeze products, and cooling system cleaners.
Royal Dutch Shell Plc engages in the oil and natural gas production. It operates through the following segments: Integrated Gas, Upstream, Downstream, and Corporate. The Integrated Gas segment manages liquefied natural gas activities and the conversion of natural gas into gas to liquids fuels and other products. The Upstream segment manages the exploration for and extraction of crude oil, natural gas, and natural gas liquids. The Downstream segment manages different oil products and chemical activities as part of an integrated value chain, including trading activities, what turns crude oil and other feedstock into a range of products which are moved and marketed around the world for domestic, and industrial and transport use. The Corporate segment comprises holdings and treasury, self-insurance activities, and headquarters and central functions of the company.
Segmentation Overview:
Among different product types, Ethylene Glycol Antifreeze segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Passenger Vehicles segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Antifreeze industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Antifreeze. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Antifreeze Market Report Include:
Market Size Estimates: Antifreeze market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Antifreeze market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Antifreeze market
Segment Market Analysis: Antifreeze market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Antifreeze market situations and prospects in major and top regions and countries
Antifreeze Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Antifreeze Industry Chain: Antifreeze market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Antifreeze Industry News, Policies by regions
Antifreeze Industry Porters Five Forces Analysis
Key players in the global Antifreeze market are covered in Chapter 2:
Solar Applied Materials
Eurolub
FUCHS PETROLUB
Recochem
Sinopec
Shell
Silverhook
Millers Oils
Gulf Oil International
Lopal
ABRO
Exxon Mobil
Chevron
CCI
Clariant
Castrol
Arteco
Paras Lubricants
Total
DELIAN GROUP
CNPC
Iada
Evans
Amsoil
Old World Industries
Caldic
Valvoline
SONAX
MITAN
Prestone
BASF
In Chapter 6 and Chapter 9, on the basis of types, the Antifreeze market from 2018 to 2028 is primarily split into:
Ethylene Glycol
Propylene Glycol
Other
In Chapter 7 and Chapter 10, on the basis of applications, the Antifreeze market from 2018 to 2028 covers:
Passenger Vehicles
Commercial Vehicles
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Antifreeze market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Antifreeze industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Antifreeze market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Antifreeze industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Antifreeze market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Antifreeze market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Antifreeze market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
