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

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


The Global Antifreeze Market size is expected to reach $8.5 billion by 2031, rising at a market growth of 6.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 4,668.7 Kilo Tonnes, experiencing a growth of 15.5% (2020-2023).

Asia Pacific is home to some of the world's largest and fastest-growing automotive industries, including China, India, Japan, and South Korea. Therefore, the Asia Pacific region captured $2,471.2 Million revenue in the market in 2023. With increasing disposable incomes and awareness about vehicle maintenance, there is a growing trend among consumers and industries to use high-quality antifreeze products to protect their vehicles and equipment. Moreover, total consumption of Antifreeze in China was 629.95 Kilo Tonnes in 2023.

The construction sector relies heavily on various types of heavy machinery and equipment, like excavators, bulldozers, cranes, and loaders, which are equipped with cooling systems. This is essential for preventing freezing and maintaining optimal operating temperatures in construction equipment's cooling systems, especially in regions with cold climates. Thus, because of the expansion of the construction industry, the market is anticipated to increase significantly.

Additionally, green chemistry encourages using biodegradable ingredients and renewable resources in product formulations. These products made from biodegradable materials break down naturally into non-toxic substances when released into the environment, reducing pollution and minimizing harm to ecosystems. Therefore, the market is expanding significantly due to the focus on green chemistry and sustainable practices.

However, prices for raw materials used in antifreeze formulations, such as ethylene glycol and additives, can fluctuate, causing cost unpredictability for manufacturers. Rapid price changes can disrupt production planning, budgeting, and pricing strategies, impacting profitability and financial performance. Thus, price volatility of raw materials can slow down the growth of the market.

By Product Analysis

On the basis of product, the market is segmented into ethylene glycol, propylene glycol, and glycerin. In 2023, the ethylene glycol segment held 60.0% revenue share in the market. Ethylene glycol is one of the primary ingredients used in the formulation of such products. The base fluid provides the necessary freeze and boil-over protection for vehicle cooling systems. Moreover, in terms of volume, the ethylene glycol segment registered 855.4 Kilo Tonnes in the market in 2023.

By Technology Analysis

By technology, the market is divided into organic acid technology (OAT), hybrid organic acid technology (HOAT), and inorganic additive technology (IAT). The hybrid organic acid technology (HOAT) segment acquired 20.6% revenue share in the market in 2023. HOAT-based antifreeze solutions typically offer extended service intervals compared to conventional coolants. Moreover, in terms of volume, the HOAT segment attained 925.8 Kilo Tonnes in the market in 2023.

By Application Analysis

Based on application, the market is categorized into automobile, aerospace, and industrial heat transfer & cooling systems. In 2023, the automobile segment dominated the market with 78.9% revenue share. Vehicles are designed to last longer than ever before, leading to higher demand for maintenance products like antifreeze. Moreover, in terms of volume, the automobile segment attained 3,725.6 Kilo Tonnes in the market in 2023.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region acquired 24.9% revenue share in the market. North America experiences harsh winter conditions in many regions, particularly in northern states and Canada, where temperatures frequently drop below freezing. Moreover, in terms of volume, the US Market consumed 844.0 Kilo Tonnes Antifreeze in 2022.

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
Global 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 Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Antifreeze Market, by Product
1.4.2 Global Antifreeze Market, by Technology
1.4.3 Global Antifreeze Market, by Application
1.4.4 Global Antifreeze Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Antifreeze Market by Product
4.1 Global Ethylene Glycol Market by Region
4.2 Global Propylene Glycol Market by Region
4.3 Global Glycerin Market by Region
Chapter 5. Global Antifreeze Market by Technology
5.1 Global Organic Acid Technology (OAT) Market by Region
5.2 Global Hybrid Organic Acid Technology (HOAT) Market by Region
5.3 Global Inorganic Additive Technology (IAT) Market by Region
Chapter 6. Global Antifreeze Market by Application
6.1 Global Automobile Market by Region
6.2 Global Aerospace Market by Region
6.3 Global Industrial Heat Transfer & Cooling Systems Market by Region
Chapter 7. Global Antifreeze Market by Region
7.1 North America Antifreeze Market
7.1.1 North America Antifreeze Market by Product
7.1.1.1 North America Ethylene Glycol Market by Country
7.1.1.2 North America Propylene Glycol Market by Country
7.1.1.3 North America Glycerin Market by Country
7.1.2 North America Antifreeze Market by Technology
7.1.2.1 North America Organic Acid Technology (OAT) Market by Country
7.1.2.2 North America Hybrid Organic Acid Technology (HOAT) Market by Country
7.1.2.3 North America Inorganic Additive Technology (IAT) Market by Country
7.1.3 North America Antifreeze Market by Application
7.1.3.1 North America Automobile Market by Country
7.1.3.2 North America Aerospace Market by Country
7.1.3.3 North America Industrial Heat Transfer & Cooling Systems Market by Country
7.1.4 North America Antifreeze Market by Country
7.1.4.1 US Antifreeze Market
7.1.4.1.1 US Antifreeze Market by Product
7.1.4.1.2 US Antifreeze Market by Technology
7.1.4.1.3 US Antifreeze Market by Application
7.1.4.2 Canada Antifreeze Market
7.1.4.2.1 Canada Antifreeze Market by Product
7.1.4.2.2 Canada Antifreeze Market by Technology
7.1.4.2.3 Canada Antifreeze Market by Application
7.1.4.3 Mexico Antifreeze Market
7.1.4.3.1 Mexico Antifreeze Market by Product
7.1.4.3.2 Mexico Antifreeze Market by Technology
7.1.4.3.3 Mexico Antifreeze Market by Application
7.1.4.4 Rest of North America Antifreeze Market
7.1.4.4.1 Rest of North America Antifreeze Market by Product
7.1.4.4.2 Rest of North America Antifreeze Market by Technology
7.1.4.4.3 Rest of North America Antifreeze Market by Application
7.2 Europe Antifreeze Market
7.2.1 Europe Antifreeze Market by Product
7.2.1.1 Europe Ethylene Glycol Market by Country
7.2.1.2 Europe Propylene Glycol Market by Country
7.2.1.3 Europe Glycerin Market by Country
7.2.2 Europe Antifreeze Market by Technology
7.2.2.1 Europe Organic Acid Technology (OAT) Market by Country
7.2.2.2 Europe Hybrid Organic Acid Technology (HOAT) Market by Country
7.2.2.3 Europe Inorganic Additive Technology (IAT) Market by Country
7.2.3 Europe Antifreeze Market by Application
7.2.3.1 Europe Automobile Market by Country
7.2.3.2 Europe Aerospace Market by Country
7.2.3.3 Europe Industrial Heat Transfer & Cooling Systems Market by Country
7.2.4 Europe Antifreeze Market by Country
7.2.4.1 Germany Antifreeze Market
7.2.4.1.1 Germany Antifreeze Market by Product
7.2.4.1.2 Germany Antifreeze Market by Technology
7.2.4.1.3 Germany Antifreeze Market by Application
7.2.4.2 UK Antifreeze Market
7.2.4.2.1 UK Antifreeze Market by Product
7.2.4.2.2 UK Antifreeze Market by Technology
7.2.4.2.3 UK Antifreeze Market by Application
7.2.4.3 France Antifreeze Market
7.2.4.3.1 France Antifreeze Market by Product
7.2.4.3.2 France Antifreeze Market by Technology
7.2.4.3.3 France Antifreeze Market by Application
7.2.4.4 Russia Antifreeze Market
7.2.4.4.1 Russia Antifreeze Market by Product
7.2.4.4.2 Russia Antifreeze Market by Technology
7.2.4.4.3 Russia Antifreeze Market by Application
7.2.4.5 Spain Antifreeze Market
7.2.4.5.1 Spain Antifreeze Market by Product
7.2.4.5.2 Spain Antifreeze Market by Technology
7.2.4.5.3 Spain Antifreeze Market by Application
7.2.4.6 Italy Antifreeze Market
7.2.4.6.1 Italy Antifreeze Market by Product
7.2.4.6.2 Italy Antifreeze Market by Technology
7.2.4.6.3 Italy Antifreeze Market by Application
7.2.4.7 Rest of Europe Antifreeze Market
7.2.4.7.1 Rest of Europe Antifreeze Market by Product
7.2.4.7.2 Rest of Europe Antifreeze Market by Technology
7.2.4.7.3 Rest of Europe Antifreeze Market by Application
7.3 Asia Pacific Antifreeze Market
7.3.1 Asia Pacific Antifreeze Market by Product
7.3.1.1 Asia Pacific Ethylene Glycol Market by Country
7.3.1.2 Asia Pacific Propylene Glycol Market by Country
7.3.1.3 Asia Pacific Glycerin Market by Country
7.3.2 Asia Pacific Antifreeze Market by Technology
7.3.2.1 Asia Pacific Organic Acid Technology (OAT) Market by Country
7.3.2.2 Asia Pacific Hybrid Organic Acid Technology (HOAT) Market by Country
7.3.2.3 Asia Pacific Inorganic Additive Technology (IAT) Market by Country
7.3.3 Asia Pacific Antifreeze Market by Application
7.3.3.1 Asia Pacific Automobile Market by Country
7.3.3.2 Asia Pacific Aerospace Market by Country
7.3.3.3 Asia Pacific Industrial Heat Transfer & Cooling Systems Market by Country
7.3.4 Asia Pacific Antifreeze Market by Country
7.3.4.1 China Antifreeze Market
7.3.4.1.1 China Antifreeze Market by Product
7.3.4.1.2 China Antifreeze Market by Technology
7.3.4.1.3 China Antifreeze Market by Application
7.3.4.2 Japan Antifreeze Market
7.3.4.2.1 Japan Antifreeze Market by Product
7.3.4.2.2 Japan Antifreeze Market by Technology
7.3.4.2.3 Japan Antifreeze Market by Application
7.3.4.3 India Antifreeze Market
7.3.4.3.1 India Antifreeze Market by Product
7.3.4.3.2 India Antifreeze Market by Technology
7.3.4.3.3 India Antifreeze Market by Application
7.3.4.4 South Korea Antifreeze Market
7.3.4.4.1 South Korea Antifreeze Market by Product
7.3.4.4.2 South Korea Antifreeze Market by Technology
7.3.4.4.3 South Korea Antifreeze Market by Application
7.3.4.5 Singapore Antifreeze Market
7.3.4.5.1 Singapore Antifreeze Market by Product
7.3.4.5.2 Singapore Antifreeze Market by Technology
7.3.4.5.3 Singapore Antifreeze Market by Application
7.3.4.6 Malaysia Antifreeze Market
7.3.4.6.1 Malaysia Antifreeze Market by Product
7.3.4.6.2 Malaysia Antifreeze Market by Technology
7.3.4.6.3 Malaysia Antifreeze Market by Application
7.3.4.7 Rest of Asia Pacific Antifreeze Market
7.3.4.7.1 Rest of Asia Pacific Antifreeze Market by Product
7.3.4.7.2 Rest of Asia Pacific Antifreeze Market by Technology
7.3.4.7.3 Rest of Asia Pacific Antifreeze Market by Application
7.4 LAMEA Antifreeze Market
7.4.1 LAMEA Antifreeze Market by Product
7.4.1.1 LAMEA Ethylene Glycol Market by Country
7.4.1.2 LAMEA Propylene Glycol Market by Country
7.4.1.3 LAMEA Glycerin Market by Country
7.4.2 LAMEA Antifreeze Market by Technology
7.4.2.1 LAMEA Organic Acid Technology (OAT) Market by Country
7.4.2.2 LAMEA Hybrid Organic Acid Technology (HOAT) Market by Country
7.4.2.3 LAMEA Inorganic Additive Technology (IAT) Market by Country
7.4.3 LAMEA Antifreeze Market by Application
7.4.3.1 LAMEA Automobile Market by Country
7.4.3.2 LAMEA Aerospace Market by Country
7.4.3.3 LAMEA Industrial Heat Transfer & Cooling Systems Market by Country
7.4.4 LAMEA Antifreeze Market by Country
7.4.4.1 Brazil Antifreeze Market
7.4.4.1.1 Brazil Antifreeze Market by Product
7.4.4.1.2 Brazil Antifreeze Market by Technology
7.4.4.1.3 Brazil Antifreeze Market by Application
7.4.4.2 Argentina Antifreeze Market
7.4.4.2.1 Argentina Antifreeze Market by Product
7.4.4.2.2 Argentina Antifreeze Market by Technology
7.4.4.2.3 Argentina Antifreeze Market by Application
7.4.4.3 UAE Antifreeze Market
7.4.4.3.1 UAE Antifreeze Market by Product
7.4.4.3.2 UAE Antifreeze Market by Technology
7.4.4.3.3 UAE Antifreeze Market by Application
7.4.4.4 Saudi Arabia Antifreeze Market
7.4.4.4.1 Saudi Arabia Antifreeze Market by Product
7.4.4.4.2 Saudi Arabia Antifreeze Market by Technology
7.4.4.4.3 Saudi Arabia Antifreeze Market by Application
7.4.4.5 South Africa Antifreeze Market
7.4.4.5.1 South Africa Antifreeze Market by Product
7.4.4.5.2 South Africa Antifreeze Market by Technology
7.4.4.5.3 South Africa Antifreeze Market by Application
7.4.4.6 Nigeria Antifreeze Market
7.4.4.6.1 Nigeria Antifreeze Market by Product
7.4.4.6.2 Nigeria Antifreeze Market by Technology
7.4.4.6.3 Nigeria Antifreeze Market by Application
7.4.4.7 Rest of LAMEA Antifreeze Market
7.4.4.7.1 Rest of LAMEA Antifreeze Market by Product
7.4.4.7.2 Rest of LAMEA Antifreeze Market by Technology
7.4.4.7.3 Rest of LAMEA Antifreeze Market by Application
Chapter 8. Company Profiles
8.1 Shell plc
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 BASF SE
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 Old World Industries, LLC
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 SONAX GmbH
8.4.1 Company Overview
8.4.2 SWOT Analysis
8.5 Cummins, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional & Segmental Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 TotalEnergies SE
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 AMSOIL Inc.
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 Paras Lubricants Limited
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Exxon Mobil Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 SWOT Analysis
8.10. China Petrochemical Corporation (Sinopec Group)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Research & Development Expenses
8.10.4 SWOT Analysis
Chapter 9. Winning Imperatives of Antifreeze Market

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