Antifreeze Market By Application, Product and Technology- Analysis and Forecast to 2023
Antifreeze Market from Qurate’s Repository provides detailed information, in-depth analysis, and forecast which is developed by a team of experts and professionals
(EMAILWIRE.COM, September 14, 2018 ) Industry Outlook and Trend Analysis
The Antifreeze Market was worth USD 4.28 billion in 2014 and is expected to reach approximately USD 7.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.77% during the forecast period. The market is anticipated to demonstrate significant development over the conjecture time frame attributable to the rising car area in rising economies including India, China and South Korea. Rising usage of antifreeze in applications heat transfer and to avert engine freezing at low temperatures is foreseen to drive market development. Additionally, constant investments in R&D for the improvement of cost effective, efficient, environment friendly and low lethal products with a high time span of usability by different makers is foreseen to make tremendous market potential over the estimate time frame.
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Product Outlook and Trend Analysis
Ethylene Glycol based antifreeze was the prevailing product fragment and represented 59% of the aggregate volume share of the overall industry in 2016. The rising use of ethylene glycol in deicing, aversion of radiator overheating, insurance against hydraulic brakes and radiator freezing are anticipated to drive the market request. Likewise, expanding usage as a warmth conductor in warming and cooling frameworks is probably going to additionally boost the market development.
Technology Outlook and Trend Analysis
Organic acid technology (OAT) represented more than 49% of the worldwide volume share in 2015.The OAT is foreseen to witness the most extreme development over the estimate time frame inferable from existence of eco-friendly, effortlessly decomposable neutralized inorganic salts and acids. Additionally, the broadened deplete interim of OAT is anticipated to drive market development.
Application Outlook and Trend Analysis
Automotive was the leading section and was esteemed at USD 2.94 Billion in 2016. The expanding use of antifreeze in HVAC (ventilation, cooling and heating) for car and modern segment is foreseen to fuel industry extension. Moreover, factors including good government activities, rising discretionary income, changing way of life and fast urbanization will additionally push market development throughout the following years.
Regional Outlook and Trend Analysis
Asia Pacific accounted the biggest share in 2015 and is foreseen to indicate generous development thinking about expanding interest for passenger autos and light business vehicles essentially in China and India. Furthermore, rising automotive sector in different nations including China, India, Indonesia and Thailand combined with enhancing way of life, consciousness of consumers, and rising extra cash will advance development over the conjecture time frame.
Competitive Insights
The leading players in the market Dow Chemical Company, Chevron Corporation, BP, OLD WORLD INDUSTRIES LLC, BASF, Amsoil, ExxonMobil, Royal Dutch Shell, Prestone and Total S.A. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Antifreeze Market is segmented as follows-
By Product:
Propylene Glycol
Glycerin
Ethylene Glycol
By Application:
Aerospace
Automotive
Industrial heat transfer and cooling applications
By Technology:
HOAT
OAT
IAT
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
The Antifreeze Market was worth USD 4.28 billion in 2014 and is expected to reach approximately USD 7.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.77% during the forecast period. The market is anticipated to demonstrate significant development over the conjecture time frame attributable to the rising car area in rising economies including India, China and South Korea. Rising usage of antifreeze in applications heat transfer and to avert engine freezing at low temperatures is foreseen to drive market development. Additionally, constant investments in R&D for the improvement of cost effective, efficient, environment friendly and low lethal products with a high time span of usability by different makers is foreseen to make tremendous market potential over the estimate time frame.
Request for Free Sample@ https://www.qurateresearch.com/report/sample/CnM/QBI-CMR-CnM-54504
Product Outlook and Trend Analysis
Ethylene Glycol based antifreeze was the prevailing product fragment and represented 59% of the aggregate volume share of the overall industry in 2016. The rising use of ethylene glycol in deicing, aversion of radiator overheating, insurance against hydraulic brakes and radiator freezing are anticipated to drive the market request. Likewise, expanding usage as a warmth conductor in warming and cooling frameworks is probably going to additionally boost the market development.
Technology Outlook and Trend Analysis
Organic acid technology (OAT) represented more than 49% of the worldwide volume share in 2015.The OAT is foreseen to witness the most extreme development over the estimate time frame inferable from existence of eco-friendly, effortlessly decomposable neutralized inorganic salts and acids. Additionally, the broadened deplete interim of OAT is anticipated to drive market development.
Application Outlook and Trend Analysis
Automotive was the leading section and was esteemed at USD 2.94 Billion in 2016. The expanding use of antifreeze in HVAC (ventilation, cooling and heating) for car and modern segment is foreseen to fuel industry extension. Moreover, factors including good government activities, rising discretionary income, changing way of life and fast urbanization will additionally push market development throughout the following years.
Regional Outlook and Trend Analysis
Asia Pacific accounted the biggest share in 2015 and is foreseen to indicate generous development thinking about expanding interest for passenger autos and light business vehicles essentially in China and India. Furthermore, rising automotive sector in different nations including China, India, Indonesia and Thailand combined with enhancing way of life, consciousness of consumers, and rising extra cash will advance development over the conjecture time frame.
Competitive Insights
The leading players in the market Dow Chemical Company, Chevron Corporation, BP, OLD WORLD INDUSTRIES LLC, BASF, Amsoil, ExxonMobil, Royal Dutch Shell, Prestone and Total S.A. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Enquiry About Report@ https://www.qurateresearch.com/report/enquiry/CnM/QBI-CMR-CnM-54504
The Antifreeze Market is segmented as follows-
By Product:
Propylene Glycol
Glycerin
Ethylene Glycol
By Application:
Aerospace
Automotive
Industrial heat transfer and cooling applications
By Technology:
HOAT
OAT
IAT
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/CnM/QBI-CMR-CnM-54504
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Contact Information:
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
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This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results