Antifreeze/Coolant Market is anticipated to grow at a CAGR of 8% during 2019 to 2024


Posted September 2, 2022 by Lucintel

The global antifreeze/coolant market is projected to grow at a CAGR of 8% during 2019 to 2024.

 
The global antifreeze/coolant market is projected to grow at a CAGR of 8% during 2019 to 2024. The growth of antifreeze/coolant market is driven by rising vehicle production, increasing road transportation, and government legislations for antifreeze/coolants.

Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the antifreeze/coolant market by coolant type [ethylene glycol, polypropylene glycol, and others (methanol and glycerol)], end use industry [automobiles, industrial, and others (aerospace and electronics industries)], and region (North America, Europe, Asia Pacific, and RoW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the antifreeze/coolant market?
Q.4 What are some changing demands of customers in the antifreeze/coolant market?
Q.5 What are the new developments in the antifreeze/coolant market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this antifreeze/coolant area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this antifreeze/coolant market?

Download Brochure of this report by clicking on https://www.lucintel.com/coolant-market.aspx

Market Segmentation:
Based on coolant type, the antifreeze/coolant market is segmented into ethylene glycol, polypropylene glycol, and others (methanol and glycerol). The polypropylene glycol segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period.
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.
Key Players in the antifreeze/coolant market are BP Plc, Chevron Corporation, Royal Dutch Shell Plc, TOTAL S.A., Exxon Mobil Corporation, Lukoil, Petronas, BASF SE, Cummins INC., and Motul S.A.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/coolant-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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https://www.lucintel.com/coolant-market.aspx
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Categories Business
Tags antifreezecoolant market
Last Updated September 2, 2022