Europe Antifreeze Market Size, Share & Trends Analysis Report By Product (Ethylene Glycol, Propylene Glycol, and Glycerin), By Technology, By Application, By Country and Growth Forecast, 2024 - 2031

Europe Antifreeze Market Size, Share & Trends Analysis Report By Product (Ethylene Glycol, Propylene Glycol, and Glycerin), By Technology, By Application, By Country and Growth Forecast, 2024 - 2031

The Europe Antifreeze Market would witness market growth of 6.4% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 637.2 Kilo Tonnes, showcasing a growth of 15.3% (2020-2023).

Propylene glycol is a widely utilized compound in the market, offering an alternative to ethylene glycol-based formulations. With its low toxicity and biodegradability, propylene glycol serves as a safer option for applications, particularly in environments where environmental and safety concerns are paramount. Therefore, Germany registered 42.21 Kilo Tonnes demand of Propylene glycol in 2023.

The Germany market dominated the Europe Antifreeze Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $370 million by 2031. The UK market is exhibiting a CAGR of 5.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 7.2% during (2024 - 2031).

Antifreeze is used in heating, ventilation, and air conditioning (HVAC) systems to prevent freezing and corrosion in heat exchangers, pipes, and coils. It helps maintain efficient heat transfer and prevents damage to HVAC equipment, particularly in cold climates. These is used in renewable energy systems such as solar thermal systems and geothermal heat pumps to prevent freezing in fluid circulation loops.

Antifreeze is used in electronic cooling systems to regulate electronic devices and component temperatures. Ensuring the endurance and dependability of electronic equipment aids in the disposal of heat produced during operation. This is used in refrigeration systems and cold storage facilities in the food and beverage sector to prevent freezing and maintain consistent food preservation and storage temperatures.

According to the UK Government, with its highly linked supply chains and substantial demand for UK-built cars throughout the region, the European region has benefited the U.K. automotive sector with its varied products, encompassing volume, premium, and niche vehicles. The UK experiences many weather conditions, including cold winters and hot summers, necessitating using antifreeze products to protect vehicle cooling systems from freezing, overheating, and corrosion. Thus, all these factors will uplift the regional market’s expansion in the coming years. Thus, all these factors will uplift the regional market’s expansion in the coming years.

Based on Product, the market is segmented into Ethylene Glycol, Propylene Glycol, and Glycerin. Based on Technology, the market is segmented into Organic Acid Technology (OAT), Hybrid Organic Acid Technology (HOAT), and Inorganic Additive Technology (IAT). Based on Application, the market is segmented into Automobile, Aerospace, and Industrial Heat Transfer & Cooling Systems. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

• Shell plc
• BASF SE
• Old World Industries, LLC
• SONAX GmbH
• Cummins, Inc.
• TotalEnergies SE
• AMSOIL Inc.
• Paras Lubricants Limited
• Exxon Mobil Corporation
• China Petrochemical Corporation

Europe Antifreeze Market Report Segmentation

By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Ethylene Glycol
• Propylene Glycol
• Glycerin

By Technology (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Organic Acid Technology (OAT)
• Hybrid Organic Acid Technology (HOAT)
• Inorganic Additive Technology (IAT)

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Automobile
• Aerospace
• Industrial Heat Transfer & Cooling Systems

By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe