Market Overview:
The global light vehicle antifreeze market is estimated to be valued at US$ 2,362.8 Mn in 2018 and is projected to register a CAGR of 4.4% over the forecast period (2018–2030) to reach a value of US$ 3,227.5 Mn by 2030. The global light vehicle antifreeze market is segmented on the basis of type, application and region. On the basis of type, the global light vehicle antifreeze market has been segmented into ethylene glycol coolant, propylene glycol coolant and other types.
Product Definition:
Light Vehicle Antifreeze is a type of coolant that helps to protect vehicles from freezing in cold weather conditions. It is typically made of a 50/50 mixture of ethylene glycol and water, which helps to lower the freezing point of the water and keep the engine running smoothly in cold weather.
Ethylene Glycol Coolant:
Ethylene glycol is a colorless and toxic liquid with a sweetish odor. It is miscible in water and oil, but not in combination with air. It has a strong tendency to form explosive mixtures with the atmosphere if it is inhaled or aspirated, so care must be taken to prevent this. In addition, ethylene glycol may cause skin allergies when handled Carefully (CAG) by humans as well as by animals (through ingestion).
Propylene Glycol Coolant:
Propylene glycol is a colorless, odorless, viscous liquid that is miscible in water. It can be used as an antifreeze to lower the freezing point of water-based solutions and prevent the formation of ice crystals.
Application Insights:
Based on the application, the global market has been segmented into light passenger vehicle (LPV) and light commercial vehicle (LCV). The LPVs include small cars, crossovers, and sports cars. These vehicles have a smaller engine than that of a light heavy duty vehicle; as a result they generate less heat. On the other hand, LCVs include trucks and buses. These vehicles have larger engines than that of an LPV; as a result they produce more heat.
The demand for antifreeze is majorly driven by its applications in LCVs due to their large engines generating more heat which needs to be dissipated through the cooling system of the car or truck.
Regional Analysis:
Asia Pacific dominated the global light vehicle antifreeze market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth owing to increasing automotive production and sales, especially in China, India, Japan and South Korea. In addition, rising demand for passenger cars and commercial vehicles is anticipated to drive the regional market over the forecast period.
The European light vehicle antifreeze industry also witnessed significant growth from 2014 to 2017 due to high demand from countries such as Germany, France Italy and U.K., where environmental regulations mandate its use for certain classes of vehicles including heavy commercial vehicles (HCVs) and passenger cars with a maximum weight exceeding 3 tons (class B).
Growth Factors:
- Increasing demand for light vehicles in developing countries
- Technological advancements in antifreeze products
- Stringent environmental regulations for the automotive industry
- Rising disposable income of consumers
- Growing awareness about the benefits of using antifreeze products
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Vehicle Antifreeze Market Research Report
By Type
Ethylene Glycol Coolant, Propylene Glycol Coolant, Other
By Application
Light Passenger Vehicle, Light Commercial Vehicle
By Companies
Prestone, Shell, Exxon Mobil, Castrol, Total, CCI, BASF, Valvoline, Old World Industries, KMCO, Chevron, SONAX, Getz Nordic, Kost USA, Recochem, Amsoil, MITAN, Gulf Oil International, Paras Lubricants, Solar Applied Materials, Pentosin, Millers Oils, Silverhook, Evans, ABRO, Sinopec, CNPC, Lanzhou BlueStar, Zhongkun Petrochemical, China-TEEC
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Light Vehicle Antifreeze Market Report Segments:
The global Light Vehicle Antifreeze market is segmented on the basis of:
Types
Ethylene Glycol Coolant, Propylene Glycol Coolant, Other
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
Light Passenger Vehicle, Light Commercial Vehicle
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:
- Prestone
- Shell
- Exxon Mobil
- Castrol
- Total
- CCI
- BASF
- Valvoline
- Old World Industries
- KMCO
- Chevron
- SONAX
- Getz Nordic
- Kost USA
- Recochem
- Amsoil
- MITAN
- Gulf Oil International
- Paras Lubricants
- Solar Applied Materials
- Pentosin
- Millers Oils
- Silverhook
- Evans
- ABRO
- Sinopec
- CNPC
- Lanzhou BlueStar
- Zhongkun Petrochemical
- China-TEEC
Highlights of The Light Vehicle 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 Coolant
- Propylene Glycol Coolant
- Other
- By Application:
- Light Passenger Vehicle
- Light Commercial Vehicle
- 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 Light Vehicle 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
- Identifying Appropriate Advertising Appeals
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
Frequently Asked Questions?
Some of the major players in the light vehicle antifreeze market are Prestone, Shell, Exxon Mobil, Castrol, Total, CCI, BASF, Valvoline, Old World Industries, KMCO, Chevron, SONAX, Getz Nordic, Kost USA, Recochem, Amsoil, MITAN, Gulf Oil International, Paras Lubricants, Solar Applied Materials, Pentosin, Millers Oils, Silverhook, Evans, ABRO, Sinopec, CNPC, Lanzhou BlueStar, Zhongkun Petrochemical, China-TEEC.
The light vehicle antifreeze market is expected to grow at a compound annual growth rate of 4.4%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Vehicle Antifreeze Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Vehicle Antifreeze Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Vehicle Antifreeze Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Vehicle Antifreeze Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Vehicle Antifreeze Market Size & Forecast, 2018-2028
4.5.1 Light Vehicle Antifreeze Market Size and Y-o-Y Growth
4.5.2 Light Vehicle Antifreeze Market Absolute $ Opportunity
Chapter 5 Global Light Vehicle Antifreeze Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Light Vehicle Antifreeze Market Size Forecast by Type
5.2.1 Ethylene Glycol Coolant
5.2.2 Propylene Glycol Coolant
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Light Vehicle Antifreeze Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Light Vehicle Antifreeze Market Size Forecast by Applications
6.2.1 Light Passenger Vehicle
6.2.2 Light Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Vehicle Antifreeze Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Vehicle Antifreeze Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Light Vehicle Antifreeze Analysis and Forecast
9.1 Introduction
9.2 North America Light Vehicle Antifreeze Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Light Vehicle Antifreeze Market Size Forecast by Type
9.6.1 Ethylene Glycol Coolant
9.6.2 Propylene Glycol Coolant
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Light Vehicle Antifreeze Market Size Forecast by Applications
9.10.1 Light Passenger Vehicle
9.10.2 Light Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Light Vehicle Antifreeze Analysis and Forecast
10.1 Introduction
10.2 Europe Light Vehicle Antifreeze Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Light Vehicle Antifreeze Market Size Forecast by Type
10.6.1 Ethylene Glycol Coolant
10.6.2 Propylene Glycol Coolant
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Light Vehicle Antifreeze Market Size Forecast by Applications
10.10.1 Light Passenger Vehicle
10.10.2 Light Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Light Vehicle Antifreeze Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Light Vehicle Antifreeze Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Light Vehicle Antifreeze Market Size Forecast by Type
11.6.1 Ethylene Glycol Coolant
11.6.2 Propylene Glycol Coolant
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Light Vehicle Antifreeze Market Size Forecast by Applications
11.10.1 Light Passenger Vehicle
11.10.2 Light Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Light Vehicle Antifreeze Analysis and Forecast
12.1 Introduction
12.2 Latin America Light Vehicle Antifreeze Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Light Vehicle Antifreeze Market Size Forecast by Type
12.6.1 Ethylene Glycol Coolant
12.6.2 Propylene Glycol Coolant
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Light Vehicle Antifreeze Market Size Forecast by Applications
12.10.1 Light Passenger Vehicle
12.10.2 Light Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Light Vehicle Antifreeze Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Light Vehicle Antifreeze Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Light Vehicle Antifreeze Market Size Forecast by Type
13.6.1 Ethylene Glycol Coolant
13.6.2 Propylene Glycol Coolant
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Light Vehicle Antifreeze Market Size Forecast by Applications
13.10.1 Light Passenger Vehicle
13.10.2 Light Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Vehicle Antifreeze Market: Competitive Dashboard
14.2 Global Light Vehicle Antifreeze Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Prestone
14.3.2 Shell
14.3.3 Exxon Mobil
14.3.4 Castrol
14.3.5 Total
14.3.6 CCI
14.3.7 BASF
14.3.8 Valvoline
14.3.9 Old World Industries
14.3.10 KMCO
14.3.11 Chevron
14.3.12 SONAX
14.3.13 Getz Nordic
14.3.14 Kost USA
14.3.15 Recochem
14.3.16 Amsoil
14.3.17 MITAN
14.3.18 Gulf Oil International
14.3.19 Paras Lubricants
14.3.20 Solar Applied Materials
14.3.21 Pentosin
14.3.22 Millers Oils
14.3.23 Silverhook
14.3.24 Evans
14.3.25 ABRO
14.3.26 Sinopec
14.3.27 CNPC
14.3.28 Lanzhou BlueStar
14.3.29 Zhongkun Petrochemical
14.3.30 China-TEEC
