Kenneth Research has published a detailed report on Antifreeze/Coolant Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
Market Overview:
The global Antifreeze/Coolant market was valued at USD 4.50 billion in 2016 and is projected to reach USD 8.85 billion by 2025, growing at a CAGR of 7.0% from 2017 to 2025.
Antifreeze products are majorly used in automobiles to reduce the overall temperature of the vehicle. The demand in automotive industry is expected to remain high over the forecast period. The increasing number HVAC equipment in manufacturing industries is expected to have a positive impact on market growth.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing vehicle manufacturing
1.2 Favorable government legislations for antifreeze/coolant
2. Market Restraints
2.1 Volatile prices of raw materials
2.2 Rising focus towards electric vehicles
Market Segmentation:
The global Antifreeze/Coolantmarketis segmented on the basis ofproduct, application,and region.
1. By Product:
1.1 Propylene Glycol
1.2 Ethylene Glycol
1.3 Others
2. By Application:
2.1 Industrial
2.2 Automobiles
2.3 Others
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Chevron Corporation
2. BP PLC
3. Royal Dutch Shell PLC
4. Exxon Mobil Corporation
5. Total SA
6. Lukoil
7. BASF SE
8. Petronas
9. Motul SA
10. Cummins Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Antifreeze/Coolantmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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