According to a market report by Lucintel, the future of the antifreeze/coolant market looks promising with opportunities in the automobile, industrial, and other (aerospace and electronics) industries. The global antifreeze/coolant market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are rising vehicle production, increasing road transportation, and government legislations for antifreeze/coolants.
In this market, ethylene glycol, and polypropylene glycol, are the major coolant type. Polypropylene glycol is the largest coolant type in the global antifreeze/coolant market.
Within the antifreeze/coolant market, automobiles, and industrial are the major end use industries. Industrial is the largest segment for antifreeze/coolants.
Asia Pacific will remain the largest market over the forecast period due to rise in demand for passenger vehicles in emerging economies, such as China and India.
BP Plc, Chevron Corporation, Royal Dutch Shell Plc, TOTAL S.A., Exxon Mobil Corporation, Lukoil, Petronas, BASF SE, Cummins INC., and Motul S.A. are among the major manufacturers of antifreeze/coolants.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global antifreeze/coolant market by end use, product type, and region. Lucintel has prepared a comprehensive research report entitled "Global Antifreeze/Coolant Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global antifreeze/coolant market by product type, end use, and region as follows:
By Coolant Type [$M shipment analysis for 2013 – 2024]:
Ethylene glycol
Polypropylene glycol
Others (methanol and glycerol)
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Automobiles
Industrial
Others (aerospace and electronics industries)
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
France
U.K.
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Indonesia
Rest of Asia Pacific
ROW
Brazil
Argentina
Saudi Arabia
Others
More than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link …helpdesk@Lucintel.com.
About Lucintel
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