The Antifreeze Market was estimated at USD 688 million in 2021 and is anticipated to develop at a CAGR of 5.18% during the evaluation time frame 2021-2027

By lowering the freezing point and raising the boiling point of the cooling system, antifreeze is an additive that helps manage the temperature of a car's engine. Methanol was once a key component of engine coolant, antifreeze, and windscreen fluids. However, since metals, particularly aluminium, used in motor and cooling frameworks needed to be replaced on a regular basis and eroded, methanol's use gradually decreased. Antifreeze using ethylene glycol as the main constituent replaces methanol-based antifreeze since it is less unstable and requires fewer replacements.

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Market Drivers and Restraints:

As the coolant is vital for cooling the motor, the growth of the Global Antifreeze Market is directly related to the increase in vehicle production. In this way, increasing vehicle production is regarded as one of the most important factors influencing the motor coolant in the OE market. Due to rising hotel demand, development projects, commercialization, and increased construction expenditures in emerging countries, the construction business is booming. The requirement for developing hardware in the rapidly expanding construction sector is what is driving the increased demand in motor coolants.

Growing environmental concerns have made it necessary to create interchange breakthroughs in the automotive industry. One such innovation is the advancement of battery-powered automobiles (BEVS). These cars run on batteries and various control systems that enhance performance and invalidate discharges. Electric vehicles powered by batteries reduce the need for an internal combustion engine, thus eliminating the need for coolants.

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The report is segmented as:

Antifreeze Market is segmented on the basis of By Product, By Additive Technology, By Vehicle Type and By Application.

By Vehicle Type:

Passenger Car.
Commercial Vehicles
By Product:

Ethylene Glycol.
Propylene Glycol.
By Additive Technology:

By Application:

Articulated Dump Truck
Backhoe Loader
Crawler Dozer
Asphalt Paver
Motor Grader
Motor Scraper
Crawler Loader
Mini Excavator
Skid-Steer Loader
Wheeled Excavator
Others
Geographical Segmentation:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Impact of COVID-19 on the Market:

The Global Antifreeze Market has significantly disturbed by the COVID-19 epidemic. Concerns about company cuts and the recession are having an influence on the automotive coolant industry. As the number of automobiles on the road is restricted by lockdown orders, fewer new vehicles are being registered. The epidemic also caused the aviation sector to incur severe losses, which decreased market demand.

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