Global Antifreeze Coolant Market Worth 7 Billion USD By 2022

The global antifreeze coolant market is expected to cross USD 7 Billion by 2022. The market is expected to grow at a CAGR of approximately 8% in the forecasted period, Antifreeze coolants are used typically in automobiles, HVAC systems

Pune, India – December 30, 2016 /MarketersMedia/ —

The Global Antifreeze Coolant Market is expected to cross USD 7 Billion mark at the end of the forecasted period and is expected to show a staggering growth at CAGR of approximately 8% from 2016 to 2022.

Antifreeze coolants are chemicals that are added in water in a certain proportion to ensure workability and performance of engines and heat exchangers. Chemicals used as anti-freeze agents include propylene glycol, ethylene glycol, methanol, and glycerol. The growth of the industry is highly dependent on the consumption of these coolants in various end-use industries such as automotive, aerospace, electronics, construction among others.

Europe will be the largest market

Europe is expected to dominate the market with its largest market size for antifreeze coolant. The region due its demographic features witness heavy snowfall which further fuels the demand for antifreeze coolant in the region in 2015 and the trend is expected to follow by the end of forecasted period.

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Scope of the report

This study provides an overview of the global Antifreeze Coolant industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global antifreeze coolant market as type and application. On the basis of type it is segmented as ethylene glycol, propylene glycol, methanol, and others. On the basis of application it is segmented as industrial, automotive, aerospace, electronics, and others.

Taste the market data and market information presented through more than 85 market data tables and figures spread in 115 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Antifreeze Coolant Market Information from 2014 to 2022“

Key Players

· DOW Chemical Company

· BP plc

· Chevron Corporation

· BASF SE

· Kost USA Inc.

· Total S.A.

· Exxon Mobil Corporation

· LUKOIL Oil Company

· Motul S.A.

· Petroliam Nasional Berhad (Petronas)

· Royal Dutch Shell plc

· Cummins Inc.

Regional Analysis of Antifreeze Coolant market

On the basis of region, Europe takes the lead as the largest market, followed by APAC and North America. Europe, due to its demographic feature witness heavy snowfall. The region consumes a large share of the antifreeze market in both automotive and aerospace sectors. APAC’s share comes from the rapid growth of automobile industries which are highly invested and technology driven sectors in the region.

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Source: http://marketersmedia.com/global-antifreeze-coolant-market-worth-7-billion-usd-by-2022/158011

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