Global Automotive IAT Antifreeze Market by Type (Ethylene Glycol Base, Propylene Glycol Base), By Application (Two-wheeler, Passenger Vehicle, Light Commercial Vehicle, Buses & Coaches, Trucks) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive IAT antifreeze market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for two-wheelers, passenger vehicles, light commercial vehicles, buses & coaches and trucks across the globe. Additionally, the growing awareness about vehicle safety and rising concerns over environmental pollution are also expected to fuel the demand for automotive IAT antifreeze in forthcoming years. On basis of type, ethylene glycol base segment is anticipated to account for a major share of global automotive IAT antifreeze market throughout the forecast period. This can be attributed to its superior thermal stability as compared with propylene glycol base which makes it an ideal choice for use in high-performance engines.



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Product Definition:

A coolant, also known as antifreeze, that is used in automobiles to prevent the engine from freezing or over heating.

Ethylene Glycol Base:

Ethylene glycol (EtG) is a colorless, odorless liquid that is miscible in water and oil. It has a slight sweet taste. Ethylene Glycol can be produced by both natural as well as synthetic processes. However, the majority of the ethylene glycols produced worldwide are manufactured using petroleum-based raw materials such as ethane and propane.

Propylene Glycol Base:

Propylene glycol is a colorless, odorless liquid that is miscible in water and oil. It has a slight sweet taste and shows no particular reaction when tested with acids or bases. Propylene glycol can be produced by chemical synthesis or fermentation. The majority of propylene used for industrial applications is manufactured through catalytic dehydrogenation of propylene oxide using nickel catalyst at high temperature and pressure.

Application Insights:

Passenger vehicle was the largest application segment and accounted for a revenue share of over 60.0% in 2017. The usage of antifreeze for passenger vehicles is expected to increase as automotive manufacturers are focusing on reducing the operating temperature of critical engine components that propel vehicles, thus improving overall reliability. Furthermore, increasing demand for passenger cars in emerging economies such as India and China is anticipated to fuel product demand over the forecast period.

The light commercial vehicle (LCV) segment held a significant market share owing to increased LCV sales in developing countries such as Brazil, Indonesia and Malaysia due to rising industrialization coupled with improved economic conditions post-recession era 2009-10. In addition, LCVs are used on daily basis by consumers who commute long distances or work at remote places thereby increasing product demand across this application segment over the forecast period.

Regional Analysis:

Asia Pacific accounted for the largest market share of over 40% in 2017. The region is expected to witness significant growth owing to increasing automotive production and sales in countries such as China, India, Japan, South Korea and Taiwan. In addition, rising disposable income levels coupled with a growing population will drive the regional market further.

The demand for passenger vehicles is anticipated to increase significantly due to various government initiatives encouraging people from lower economic strata towards personal transportation options such as cars and two-wheelers. This factor will also have a positive impact on the overall industry growth over the forecast period.

Growth Factors:

Increasing demand for automobiles: The global automotive industry is expected to grow at a CAGR of 4.5% from 2016 to 2020, owing to the increasing demand for passenger cars and commercial vehicles. This will result in an increase in the demand for IAT antifreeze products, as they are used in almost all types of vehicles.
Stringent emission norms: Stringent emission norms across different countries are compelling automakers to equip their vehicles with advanced technologies that help reduce emissions. IAT antifreeze products play an important role in reducing emissions from engines, making them a preferred choice among automakers worldwide.
Technological advancements: The automotive industry is witnessing rapid advancements in technology, with new concepts and designs being introduced every day. This is resulting in increased R&D spending by automakers on developing new technologies that can be used across different vehicle segments. IAT antifreeze products form an essential part of these technologies and are likely to witness high growth rates during the forecast period as a result thereof .


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Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive IAT Antifreeze Market Research Report
By Type
Ethylene Glycol Base, Propylene Glycol Base
By Application
Two-wheeler, Passenger Vehicle, Light Commercial Vehicle, Buses & Coaches, Trucks
By Companies
Adolf Wurth GmbH & Co. KG, Brad-Chem Ltd, LIQUI MOLY GmbH, ORG CHEM GROUP, PEAK, Prestone Products Corporation, Recochem Inc., Total, Valvoline LLC, Wolf Lubricants, Adolf Wurth GmbH & Co. KG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.

Global Automotive IAT Antifreeze Market Report Segments:
The global Automotive IAT Antifreeze market is segmented on the basis of:
Types
Ethylene Glycol Base, Propylene Glycol Base
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Two-wheeler, Passenger Vehicle, Light Commercial Vehicle, Buses & Coaches, Trucks
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Adolf Wurth GmbH & Co. KG
Brad-Chem Ltd
LIQUI MOLY GmbH
ORG CHEM GROUP
PEAK
Prestone Products Corporation
Recochem Inc.
Total
Valvoline LLC
Wolf Lubricants
Adolf Wurth GmbH & Co. KG



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Highlights of The Automotive IAT Antifreeze Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Ethylene Glycol Base
Propylene Glycol Base
By Application:
Two-wheeler
Passenger Vehicle
Light Commercial Vehicle
Buses & Coaches
Trucks
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive IAT Antifreeze Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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