Antifreeze Market driven by Increasing Sales of Construction Equipment


Posted May 20, 2019 by rechaldey

Increasing vehicle production in North America and Europe, particularly of sports utility vehicles (SUV) and light trucks.

 
According to the market research report Antifreeze Market by Vehicle Type, Product (Ethylene Glycol, Propylene Glycol & Glycerin), Engine Coolant Additive Technology OE & Aftermarket (IAT, OAT, & HOAT), & Region and Construction Equipment Engine Coolant Market by Application - Forecast to 2021. The base year considered for the study is 2015, and the forecast period is 2016 to 2021. Increasing vehicle production in North America and Europe, particularly of sports utility vehicles (SUV) and light trucks.

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Objectives of the Study:
• To analyze and forecast (2016–2021) the market size, by volume (million gallons) and value (USD million), of the antifreeze market
• To analyze and forecast (2016–2021) the market size of antifreeze market, by base fluid (ethylene glycol, propylene glycol, and glycerol)
• To define, describe, and project the engine coolant additive original equipment market by technology (Inorganic Additive Technology (IAT), Organic Additive Technology (OAT), and Hybrid Organic Acid Technology (HOAT)), in terms of volume and value at regional level
• To define, describe, and project the engine coolant additive aftermarket by technology (IAT, OAT, and HOAT) during the forecast period of 2016–2021

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The automotive antifreeze market is estimated using the bottom-up approach, where country-level models of passenger cars, light, and heavy commercial vehicle production has been studied to understand average engine size of each vehicle segment and use of coolant in the segment. A similar approach has been followed for construction equipment, where models were mapped to understand the engine size in each equipment segment.

Browse and in-depth TOC on Antifreeze Market

93 - Tables
64 - Figures
177 – Pages

The market for antifreeze, by value, is projected to grow at the fastest rate in the light commercial vehicle (LCV) segment. While passenger cars dominated the antifreeze market in 2016, light commercial vehicles are expected to dominate the market by 2021. The antifreeze market in LCV segment is expected to grow at a CAGR of 5.62% during the forecast period. This is due to the increase in production of this segment of vehicles, especially in the U.S., and the higher quantity of coolant required for these vehicles as compared to passenger cars.

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Antifreeze Market Key Players

Some of the key manufacturers operating in the market are B.P. PLC (U.K.), Royal Dutch Shell PLC (Netherlands), Total (France), Chevron Corporation (U.S.), and Exxon Mobil Corporation (U.S.).
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Tags Antifreeze Market
Last Updated May 20, 2019