DUBLIN--(BUSINESS WIRE)--The "Automotive Antifreeze Market by Fluid Type, Technology, Application and Distribution Channel and Aftermarket: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
Antifreeze is an additive that helps to 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. It prevents rigid enclosures from bursting due to expansion from freezing.
The automotive antifreeze market has witnessed significant growth over the years, owing to increasing trend of advanced cooling liquids for vehicles, which has led to the growth of the market.
The global automotive antifreeze market is segmented based on fluid type, technology, applications, distribution channel and region. Based on fluid type, the global automotive antifreeze market has been categorized into ethylene glycol, propylene glycol and glycerin. Based on technology, the global automotive antifreeze market has been categorized into inorganic additive technology (IAT), organic acid technology (OAT) and hybrid organic acid technology (HOAT). Based on application, the market has been categorized into passenger vehicle, commercial vehicle and commercial vehicle. Based on distribution channel, the global market has been segmented into original equipment manufacturers (OEMs) and aftermarket. Also, based of the region, the global automotive antifreeze market has been studied across North America, Europe, Asia-Pacific and LAMEA.
The key players analyzed in the automotive antifreeze market includes Castrol, Chevron Corporation, Exxon Mobil Corporation, Halfords Group PLC., Motul, Prestone Products Corporation, Rock Oil Company LLC., Royal Dutch Shell PLC, TOTAL SA and Valvoline Inc. .
Key benefits for Stakeholders
- This study presents analytical depiction of the global automotive antifreeze market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
- Porter's five forces analysis illustrates the potency of the buyers and suppliers.
Market Dynamics
Drivers
- Rise in demand for high-performance vehicles
- Increased use of high-quality technologically advance additive
Restraints
- Fluctuating raw material (crude oil) price influencing the engine coolant and antifreeze market
- Growing Demand of Battery Operated Electric Vehicles
Opportunity
- Environment Friendly and Bio Based Coolants and Antifreeze
Key Players
- Castrol
- Chevron Corporation
- Exxon Mobil Corporation
- Halfords Group PLC.
- Motul
- Prestone Products Corporation
- Rock Oil Company LLC.
- Royal Dutch Shell PLC
- TOTAL SA
- Valvoline Inc.
For more information about this report visit https://www.researchandmarkets.com/r/n8qo3x
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