Future of Antifreeze Market During 2018-23

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Antifreeze Market worth 885.1 Million USD by 2021
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Antifreeze Market - Forecast to 2021 Increasing
vehicle production in North America and Europe,
particularly of sports utility vehicles (SUV) and
light trucks, and the growing trend of
technologically advanced additives are the key
factors driving the demand for the antifreeze
market. Additionally, growing vehicle parc and
increased miles traveled per year are expected to
drive the demand for antifreeze in aftermarket
segment. PDF Brochure _at_ https//www.marketsandma
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Passenger cars to be the largest vehicle type
in the antifreeze market OE Passenger cars are
expected to dominate the antifreeze market for
OE. According to Organisation Internationale des
Constructeurs dAutomobiles (OICA), the sales of
passenger cars across the globe increased from
55.6 million units in 2010 to 66.3 million units
in 2015. The average amount of engine coolant,
required in passenger cars, can range from 1 to 5
gallons. The amount of antifreeze present in the
engine coolant varies according to temperature
zones and OE recommendations. An increase in
sales results in a corresponding increase in
vehicle parc of passenger cars.
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OAT to be the fastest growing segment in the
antifreeze market, by technology Organic Acid
Technology (OAT) is estimated to witness the
highest growth in the global antifreeze market.
The growth of this technology is due to the
presence of neutralized inorganic salts and
acids, which can be decomposed without impacting
the environment. OAT based antifreeze has the
maximum presence in North American and European
regions, where the usage of IAT based technology
has declined significantly owing to its toxic
nature. The global demand for OAT based
antifreeze is projected to grow owing to the
longer replacement life of the OAT based
antifreeze, as compared to IAT based
antifreeze. RequestSample_at_ https//www.marketsand
markets.com/requestsample.asp?id241952403
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Antifreeze market of North America to grow at
the highest CAGR during the forecast
period North America is estimated to dominate
the antifreeze market for OE. The growth of this
market can be attributed to the higher production
and demand for large engine capacity vehicles in
this region. The production of light commercial
vehicles (LCV) in North America increased to 11.0
million units in 2016, with a year-over-year
growth rate of 5.7, according to OICA. This is
the highest production of LCVs across all
regions. Also, LCVs in North America have a
higher antifreeze requirement of around 7-8
liters, which is 42 higher than other regions.
Such factors would contribute to the growth of
the antifreeze market in the region.
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Browse gtgt 93 market data
tables 64 figures
177 pages and in-depth TOC on
Antifreeze Market - Forecast to 2021 Early
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US8150 This study answers several questions for
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