Title: Antifreeze Market growth outlook with industry review and forecast 2017-2024
1Antifreeze Market Growth Drivers Future Trends
2017 to 2024
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2Global Market Scenario of Antifreeze Industry
- Increasing popularity of engine cooling agents
among several automakers has been primarily
forecast to boost antifreeze market share over
the years ahead. - Endorsed by the rapidly growing automotive sector
and the strong commercial air traffic flow across
major geographies, antifreeze market has indeed
accomplished appreciable gains in the recent
years. - Colloquially known as coolant, antifreeze is
popularly used in automotive and aerospace
engines for maintaining the overall engine
temperature of the vehicle and its cooling system
depending upon the atmospheric temperature. - Using antifreeze efficiently helps to majorly
enhance the engine performance, on the grounds of
which many automakers have been giving extensive
preference for the product to prevent freezing in
the cooling engine of the automobile at a
sub-zero temperature. Anti-freeze not only
prevents corrosion and scale formation in the
engine but also helps to improve its capability
to transfer heat. Consequently, major antifreeze
industry giants have been continuously enhancing
their product efficiency and applicability.
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3Continue-
- Currently, it has been observed that many
automakers have framed different coolant
specifications for various types of engine
applications, which have been proving to be
rather beneficial for antifreeze market. - For instance, one of the renowned automakers,
Volvo has set a new coolant specification for
heavy duty engines, which are mainly used in
marine, buses, HGVs, and power plant
applications. Indeed, one of the leading
lubricant manufacturers Exol, in order to meet
the favorable requirements of the Volvo Coolant
Specification standard, has also launched novel
antifreeze products. The company also seems to
have unveiled a wide range of antifreeze products
for passenger and heavy-duty vehicle
applications. - Apparently, Exol has used the OAT inhibitor
technology for this range, in order to match the
automakers expectation with respect to the
advanced technology in modern cooling systems in
next-generation vehicles. Exols product
innovation is indicative of the major
anticipations that automotive giants have from
pivotal antifreeze market players. - Moreover, in order to ensure year-round
protection of vehicle components in challenging
atmospheric conditions, automakers have lately
been preferring coolants with a long operational
life. The shifting focus of product manufacturers
on customer-centric requirements is thus slated
to stimulate antifreeze industry outlook over the
years ahead.
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5360 Industry Analysis
- Considering the customers requirement for
internal coolants with a long shelf life, many
players in coolant market are constantly looking
forward to introducing the best products that
boast of very high performance. - In addition, with the rapid change in engine
technology, most companies have been developing
new products keeping in mind the future demand of
engine maintenance. The initiatives taken by
Shell lubricants to expand its portfolio is one
of the recent examples of a customer-centric
product advancement carried out by giants in
antifreeze market. - The new launch Shell Rotella Extended Life
Coolant Nitrite Free (ELC NF) joins Shells
coolant portfolio that has been designed to meet
the requirements of commercial vehicles deploying
nitrite free engine antifreeze formulations to
protect aluminum components in automobiles.
Indeed, in 2016, the automotive sector accounted
for 60 of antifreeze industry share.
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6Industry Background
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7- Competitive Analysis
- It is very interesting to note that most
participants in antifreeze market have been
extensively adopting the OAT technology to
fulfill the increasing product demand from the
automotive sector. - In consequence, this trend has been having an
appreciable impact on antifreeze industry
outlook. Indeed, many players in antifreeze
market have been pouring in substantial capital
to consolidate their stance in this business
space. - Some of the most noteworthy players in
antifreeze industry are Exxon Mobil Corporation,
Royal Dutch Shell, Ashland Inc., and Castrol.
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