According to a market report by Lucintel, the future of the antifreeze/coolant market looks promising with opportunities in the automobile, industrial, and other (aerospace and electronics) industries. The antifreeze/coolant market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are rising vehicle production, increasing road transportation, and government legislations for antifreeze/coolants.
In this market, ethylene glycol, and polypropylene glycol, are the major coolant type. Polypropylene glycol is the largest coolant type in the antifreeze/coolant market.
Within the antifreeze/coolant market, automobiles, and industrial are the major end use industries. Industrial is the largest segment for antifreeze/coolants.
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.
BP Plc, Chevron Corporation, Royal Dutch Shell Plc, TOTAL S.A., Exxon Mobil Corporation, Lukoil, Petronas, BASF SE, Cummins INC., and Motul S.A. are among the major manufacturers of antifreeze/coolants.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the antifreeze/coolant market by end use, product type, and region. Lucintel has prepared a comprehensive research report entitled " Antifreeze/Coolant Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the antifreeze/coolant market by product type, end use, and region as follows:
By Coolant Type [$M shipment analysis for 2013 – 2024]:
• Ethylene glycol
• Polypropylene glycol
• Others (methanol and glycerol)
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Automobiles
• Industrial
• Others (aerospace and electronics industries)
By Region [$M shipment analysis for 2013 – 2024]:
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Indonesia
o Rest of Asia Pacific
• ROW
o Brazil
o Argentina
o Saudi Arabia
o Others
More than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link …[email protected].
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.

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)], application [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.Which regions will grow at a faster pace and why?
Q.4.What are the key factors affecting market dynamics? What are the drivers and challenges of the antifreeze/coolant market?
Q.5.What are the business risks and threats to the antifreeze/coolant market?
Q.6.What are emerging trends in the antifreeze/coolant market and the reasons behind them?
Q.7.What are some changing demands of customers in the antifreeze/coolant market?
Q.8.What are the new developments in the antifreeze/coolant market? Which companies are leading these developments?
Q.9.Who are the major players in the antifreeze/coolant market? What strategic initiatives are being implemented by key players for business growth?
Q.10.What are some of the competitive products and processes in the antifreeze/coolant market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11.What M & A activities have taken place in the last five years in the antifreeze/coolant market?