What is the present valuation and projected CAGR of the antifreeze/coolant market?
The antifreeze/coolant market size has grown steadily in recent years. It will grow from $5.85 billion in 2024 to $6.07 billion in 2025 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to automotive industry growth, rise in vehicle ownership, extreme weather conditions, regulatory standards for engine coolants, increase in commercial vehicle fleet, electric and hybrid vehicles integration.
The antifreeze/coolant market size is expected to see steady growth in the next few years. It will grow to $7.38 billion in 2029 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to global climate change trends, expansion of aftermarket services, stringent environmental regulations, rising consumer awareness of coolant importance, collaboration with automotive OEMs. Major trends in the forecast period include advancements in coolant technologies, technological advancements in automotive engines, rising adoption of organic acid technology (OCT) and hybrid organic acid technology (HOCT), emphasis on environmental sustainability, development of low-toxicity and biodegradable formulations.
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Which industry factors have accelerated the antifreeze/coolant market’s expansion?
Increasing vehicle production is expected to propel the antifreeze/coolant market going forward. Vehicle production refers to the production of passenger cars, light trucks, and utility vehicles, such as minivans, pickup trucks, and sport utility vehicles. Antifreeze or coolant helps to regulate engine temperature, prevent freezing or overheating, and protect against rust or corrosion. For instance, in may 2023, according to the European Automobile Manufacturers Association, a Belgium-based trade association, in 2022, global motor vehicle production reached 85.4 million units, reflecting a 5.7% increase from the previous year, 2021. Therefore, increasing vehicle production is driving the antifreeze/coolant market.
What are the primary segments of the antifreeze/coolant market?
The antifreeze/coolant market covered in this report is segmented –
1) By Product: Propylene Glycol, Ethylene Glycol, Other Products
2) By Technology: Inorganic Additive Technology (IAT), Organic Acid Technology (OAT), Nitrite Organic Acid Technology (NOAT), Hybrid Organic Acid Technology (HOAT), Other Technologies
3) By Application: Industrial, Automobiles, Other Applications
Subsegments:
1) By Propylene Glycol: Propylene Glycol-Based Antifreeze, Propylene Glycol-Based Coolants
2) By Ethylene Glycol: Ethylene Glycol-Based Antifreeze, Ethylene Glycol-Based Coolants
3) By Other Products: Water-Based Coolants, Additives, Bio-Based Antifreeze/Coolants
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Which firms are leading the antifreeze/coolant market?
Major companies operating in the antifreeze/coolant market include Exxon Mobil Corporation, Royal Dutch Shell PLC, TotalEnergies, Chevron Corporation, BASF SE, Honeywell International Inc., Solar Thermo Fluids, Fuchs Petrolub SE, Valvoline LLC, Camco Manufacturing Inc., Amsoil Inc., British Petroleum plc, MOTUL, Carl Bechem Lubricants India Pvt. Ltd., Comma Oil & Chemicals Ltd., Prestone Products Corporation, Recochem Corporation, Old World Industries LLC, Pentosin-Werke GmbH, Arteco NV, Bar’s Products Inc., International Lubricants Inc., Liquid Intelligence Pty Ltd, Silverhook Ltd., Environmental Manufacturing Solutions LLC., Evans Cooling Systems Inc., Peak Antifreeze & Coolant LLC
Which market trends are set to define the future of the antifreeze/coolant market?
Major market players are focusing on developing innovative technologies, such as Organic Acid Technology (OAT), a coolant formulation that utilizes organic acids to prevent corrosion. For instance, in August 2022, Valvoline Inc., a US-based manufacturer of lubricants and automotive chemicals, launched an advanced coolant featuring OAT. This coolant is designed to enhance engine performance and longevity, meeting the evolving demands of modern engines that operate under increasingly complex and challenging conditions. This glycol-based, full antifreeze coolant is suitable for all cars and commercial vehicles, offering an impressive drain interval of 5 years or 500,000 km. Its unique backward compatibility allows it to be used across all cooling systems, including both BSVI and older engine models. By providing superior protection against rust and corrosion, it ensures optimal engine health even in extreme temperatures.
Which geographic trends are shaping the antifreeze/coolant market, and which region has the highest market share?
The countries covered in the antifreeze/coolant market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Antifreeze/Coolant Market Report 2025 Offer?
The antifreeze/coolant market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Antifreeze or coolant is a fluid mixture of chemicals such as ethylene glycol or propylene glycol. These are used in internal combustion engines to regulate the engine temperature and prevent it from overheating or freezing.
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