Asia-Pacific Antifreeze Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Coolant Type (Ethylene Glycol, Propylene Glycol, and Glycerin and Others), Technology (Inorganic Additive Technology, Organic Acid Technology, and Hybrid Organic

Asia-Pacific Antifreeze Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Coolant Type (Ethylene Glycol, Propylene Glycol, and Glycerin and Others), Technology (Inorganic Additive Technology, Organic Acid Technology, and Hybrid Organic Acid Technology and Others), Application (Automobiles, Industrial Heating/Cooling, Energy, and Manufacturing and Others), and Distribution Channel [Original Equipment Manufacturers (OEMs), Aftermarket, and Retail and Others]

The APAC antifreeze market is expected to grow from US$ 2,806.35 million in 2022 to US$ 3,998.56 million by 2028. It is estimated to grow at a CAGR of 6.1% from 2022 to 2028.

Investment in R&D and Initiatives by Market Players

Market players in the antifreeze market are focusing on investing in R&D to expand product portfolio and attain a competitive edge. New product development, strategic alliances, and enhancement of the product landscape are the key initiatives in the antifreeze market. For instance, in January 2019, Total S.A. launched an advanced grease STATERMIC X400, which is nonflammable, has a long life, and is designed for high-temperature textile applications. Further, in April 2021, XING Mobility partnered with Castrol to enrich its product line and strengthen its market position. Further, PEAK announced the launch of PEAK antifreeze coolant, which helps in extending the life of automobiles when used. The product is made from scale-fighting inhibitors and organic acid corrosion inhibitors, which offer protection from corrosion throughout the life of the products. Companies such as BASF SE, Chevron Corporation, and Dow dominate the market. These companies are indulged in developing more cost-effective antifreeze, which helps reduce carbon footprint. Therefore, continuous investment in R&D and initiatives by market players is expected to drive the market growth.

Market Overview



The APAC region comprises of Australia, China, India, Japan, South Korea, and rest of APAC. The antifreeze market in the region is surging owing to the rise in demand for high-performance vehicles and increase in use of high-quality technologically advanced additive. There is rise in production & sales of ICE vehicles in this region, which leads to increased demand for antifreeze. The escalating vehicle manufacturing along with growing demand for automobiles from individuals is boosting the demand for antifreeze over the forecast period. Moreover, the rising need for protection against corrosion and freezing as well as the requirement for effective heat dissipation among automotive and aircraft manufacturers are helping to advance the growth of the antifreeze market. Additionally, the rising sales of construction equipment, growth in demand for HVAC systems, growing concerns in protecting automotive engines and radiators against freezing, overheating and corrosion, rising product applications in aerospace industry, and rising demand for passenger cars and light weight commercial vehicles are also bolstering the growth of the antifreeze market in the region.

APAC Antifreeze Market Revenue and Forecast to 2028 (US$ Million)

APAC Antifreeze Market Segmentation

The APAC antifreeze market is segmented based on coolant type, technology, application, distribution channel, and country.

Based on coolant type, the APAC antifreeze market is segmented into ethylene glycol, propylene glycol, and glycerin and others. The ethylene glycol segment held the largest market share in 2022. Based on technology, the APAC antifreeze market is segmented into inorganic additive technology, organic acid technology, and hybrid organic acid technology and others. The organic acid technology segment held the largest market share in 2022. Based on application, the APAC antifreeze market is segmented into automobiles, industrial heating/cooling, energy, and manufacturing and others. The automobiles segment held the largest market share in 2022. Based on distribution channel, the APAC antifreeze market is segmented into original equipment manufacturers (OEMs), aftermarket, and retail and others. The aftermarket segment held the largest market share in 2022. Based on country, the APAC antifreeze market has been categorized into China, India, Japan, South Korea, Australia, and rest of APAC. Our regional analysis states that China dominated the market share in 2022. BASF SE, CCI Corporation, Chevron Corporation, Dow Inc., Exxon Mobil Corporation, Old World Industries, Prestone Products Corporation, Shell plc, Valvoline LLC, and Wacker Chemie AG are the leading companies operating in the APAC antifreeze market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC antifreeze market.
Highlights key business priorities to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC antifreeze market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the antifreeze market, as well as those hindering it
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