- Ethylene Glycol
- Propylene Glycol
- Glycerol
- Methanol
- Others
Antifreeze Coolant Market size is expected to be valued at USD 5,826.2 million in 2023 and is poised to grow at a significant CAGR of 2.2% over 2024 to 20230. An antifreeze coolant is a liquid or gaseous substance, that is used to reduce or regulate the extreme temperature of a system. An ideal coolant has the high thermal capacity and low viscosity and has the capacity for corrosion prevention. It should be low-cost, non-toxic, and chemically inert. Coolant is pumped throughout the engine block to maintain an even operating temperature as the temperature outside changes from hot to cold coolant. Antifreeze is an additive that lowers the freezing point of the liquid. Engine coolant is mixed with water, usually at a 50/50 ratio, and poured into the proper reservoir in your engine. The increasing number of vehicles is boosting the antifreeze coolant market growth.
According to Global Data's estimates Toyota, along with its affiliate companies, sold over 10.07 million light vehicles in 2021. The increasing demand for Heating, ventilation, and air conditioning (HVAC) technology further pushes the antifreeze cooling market. Moreover, development in engine and technology innovation and various applications in automotive, aerospace, and industries have fueled the antifreeze coolant market demand. However, the rising environmental concerns and increasing demand for zero carbon emissions vehicles result in low acceptance of antifreeze coolants and are anticipated to restrict the market growth. On the basis of geography, Asia Specific region is dominating the global antifreeze coolant market. It is attributed to the rising demand for antifreeze coolants in the automotive industry. North America is also holding a major market share in 2021 due to the high adoption rate of Inorganic Acid Technology (IAT) and Organic Acid Technology (OAT). It is anticipated that North America will follow the trend in the forecasted years.
Study Period
2024-2030Base Year
2023CAGR
2.2%Largest Market
North AmericaFastest Growing Market
Asia Pacific
An increase in demand for high-performance vehicles will boost the overall market growth in the global antifreeze & cooling market. The sales of vehicles both two-wheelers and four-wheelers increased significantly and are expected to increase exponentially in the forecasted years (2022-2028). For example, Suzuki's global unit sales of automobiles added up to approximately 2.76 million vehicles in 2021, increasing from around 2.45 million in the previous year. Hence, high-performance vehicles are anticipated to propel the growth of the antifreeze Coolant market.
By Type
By Application
By Technology
The antifreeze coolant market is projected to expand at a CAGR of 2.2% during the forecast period
BP Plc, Exxon Mobil Corporation, Chevron Corporation, Royal Dutch Shell Plc, Absolute, BASF SE
Asia Pacific is the fastest-growing region for the antifreeze coolant market
1. Executive Summary |
2. Global Antifreeze Coolant Market Introduction |
2.1. Global Antifreeze Coolant Market Taxonomy |
2.2. Global Antifreeze Coolant Market Definitions |
2.2.1. By Type |
2.2.2. By Technology |
2.2.3. By Application |
2.2.4. By Region |
3. Global Antifreeze Coolant Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Antifreeze Coolant Market Dynamic Factors - Impact Analysis |
3.6. Global Antifreeze Coolant Market – Competition Landscape |
3.7. Epidemiology |
4. Global Antifreeze Coolant Market Analysis, 2019-2024 and Forecast, 2024-2030 |
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Antifreeze Coolant Market, By Type, 2019-2023 and Forecast, 2024-20230 (Revenue, USD Mn) |
5.1. Ethylene Glycol |
5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Propylene Glycol |
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Glycerol |
5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Methanol |
5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Others |
5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
6. Global Antifreeze Coolant Market, By Technology, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1. Inorganic Acid Technology (IAT) |
6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Organic Acid Technology (OAT) |
6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Hybrid Organic Acid Technology (HOAT) |
6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Nitrated Organic Acid Technology (NOAT) |
6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Antifreeze Coolant Market, By Application, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.1. Automobile |
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Aerospace |
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Industrial |
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Construction |
7.4.1. Market Analysis, 2019-2023 and Forecast, 2023-2030 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Electronics |
7.5.1. Market Analysis, 2019-2023 and Forecast, 2023-2030 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Others |
7.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
8. Global Antifreeze Coolant Market Forecast, By Region, 2019-2021 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia-Pacific |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Latin America |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Middle East and Africa |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Global Antifreeze Coolant Market - Opportunity Analysis Index, By Type, By Technology, By Application, and Region, 2024 - 2030 |
9. North America Antifreeze Coolant Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Ethylene Glycol |
9.1.2. Propylene Glycol |
9.1.3. Glycerol |
9.1.4. Methanol |
9.1.5. Others |
9.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.2.1. Inorganic Acid Technology (IAT) |
9.2.2. Organic Acid Technology (OAT) |
9.2.3. Hybrid Organic Acid Technology (HOAT) |
9.2.4. Nitrated Organic Acid Technology (NOAT) |
9.2.5. Others |
9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.3.1. Automobile |
9.3.2. Aerospace |
9.3.3. Industrial |
9.3.4. Construction |
9.3.5. Electronics |
9.3.6. Others |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.4.1. USA |
9.4.2. Canada |
9.5. North America Antifreeze Coolant Market - Opportunity Analysis Index, By Type, By Technology, By Application, and Country, 2024 - 2030 |
9.6. North America Antifreeze Coolant Market Dynamics – Trends |
10. Europe Antifreeze Coolant Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
10.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Ethylene Glycol |
10.1.2. Propylene Glycol |
10.1.3. Glycerol |
10.1.4. Methanol |
10.1.5. Others |
10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Inorganic Acid Technology (IAT) |
10.2.2. Organic Acid Technology (OAT) |
10.2.3. Hybrid Organic Acid Technology (HOAT) |
10.2.4. Nitrated Organic Acid Technology (NOAT) |
10.2.5. Others |
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Automobile |
10.3.2. Aerospace |
10.3.3. Industrial |
10.3.4. Construction |
10.3.5. Electronics |
10.3.6. Others |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Germany |
10.4.2. UK |
10.4.3. France |
10.4.4. Spain |
10.4.5. Italy |
10.4.6. Rest of Europe |
10.5. Europe Antifreeze Coolant Market - Opportunity Analysis Index, By Type, By Technology, By Application, and Country, 2024 - 2030 |
10.6. Europe Antifreeze Coolant Market Dynamics – Trends |
11. Asia-Pacific Antifreeze Coolant Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
11.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Ethylene Glycol |
11.1.2. Propylene Glycol |
11.1.3. Glycerol |
11.1.4. Methanol |
11.1.5. Others |
11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Inorganic Acid Technology (IAT) |
11.2.2. Organic Acid Technology (OAT) |
11.2.3. Hybrid Organic Acid Technology (HOAT) |
11.2.4. Nitrated Organic Acid Technology (NOAT) |
11.2.5. Others |
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Automobile |
11.3.2. Aerospace |
11.3.3. Industrial |
11.3.4. Construction |
11.3.5. Electronics |
11.3.6. Others |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.4.1. China |
11.4.2. India |
11.4.3. Japan |
11.4.4. ASEAN |
11.4.5. Australia New Zealand |
11.4.6. Rest of Asia-Pacific |
11.5. Asia-Pacific Antifreeze Coolant Market - Opportunity Analysis Index, By Type, By Technology, By Application, and Country, 2024 - 2030 |
11.6. Asia-Pacific Antifreeze Coolant Market Dynamics – Trends |
12. Latin America Antifreeze Coolant Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
12.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Ethylene Glycol |
12.1.2. Propylene Glycol |
12.1.3. Glycerol |
12.1.4. Methanol |
12.1.5. Others |
12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Inorganic Acid Technology (IAT) |
12.2.2. Organic Acid Technology (OAT) |
12.2.3. Hybrid Organic Acid Technology (HOAT) |
12.2.4. Nitrated Organic Acid Technology (NOAT) |
12.2.5. Others |
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Automobile |
12.3.2. Aerospace |
12.3.3. Industrial |
12.3.4. Construction |
12.3.5. Electronics |
12.3.6. Others |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Brazil |
12.4.2. Mexico |
12.4.3. Rest of Latin America |
12.5. Latin America Antifreeze Coolant Market - Opportunity Analysis Index, By Type, By Technology, By Application, and Country, 2024 - 2030 |
12.6. Latin America Antifreeze Coolant Market Dynamics – Trends |
13. Middle East and Africa Antifreeze Coolant Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
13.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Ethylene Glycol |
13.1.2. Propylene Glycol |
13.1.3. Glycerol |
13.1.4. Methanol |
13.1.5. Others |
13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Inorganic Acid Technology (IAT) |
13.2.2. Organic Acid Technology (OAT) |
13.2.3. Hybrid Organic Acid Technology (HOAT) |
13.2.4. Nitrated Organic Acid Technology (NOAT) |
13.2.5. Others |
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Automobile |
13.3.2. Aerospace |
13.3.3. Industrial |
13.3.4. Construction |
13.3.5. Electronics |
13.3.6. Others |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Gulf Cooperation Council (GCC) Countries |
13.4.2. South Africa |
13.4.3. Rest of MEA |
13.5. MEA Antifreeze Coolant Market - Opportunity Analysis Index, By Type, By Technology, By Application, and Country, 2024 - 2030 |
13.6. MEA Antifreeze Coolant Market Dynamics – Trends |
14. Competition Landscape |
14.1. Strategic Dashboard of Top Market Players |
14.2. Company Profiles (Introduction, Financial Analysis, Key Types, Key Developments, Strategies, and SWOT Analysis) |
14.2.1. BP Plc |
14.2.2. Exxon Mobil Corporation |
14.2.3. Chevron Corporation |
14.2.4. Royal Dutch Shell Plc |
14.2.5. Absolute |
14.2.6. BASF SE |
14.2.7. Valvoline Plc |
14.2.8. Prestone Products Corporation |
14.2.9. AMSOIL INC. |
14.2.10. KOST USA |
14.2.11. Motul |
14.2.12. Cummins Filtration |
14.2.13. Lukoil |
15. Research Methodology |
16. Key Assumptions and Acronyms |