The global antifreeze/coolant market size is estimated at USD 5.4 billion in 2020 and is projected to reach USD 5.9 billion by 2025 at a Compound Annual Growth Rate (CAGR) of 1.8%. The global antifreeze/coolant industry will be driven primarily by the increasing number of vehicles in operation worldwide. The growth in the HVAC systems and construction equipment industry are the other key factors contributing to the growth of the antifreeze/coolant market.
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The automotive segment is projected to lead the antifreeze/coolant market from 2020 to 2025.
Based on application, the automotive segment is projected to be the largest market for antifreeze/coolant. The number of vehicles in operation at the global level is one of the factors driving the antifreeze/coolant market. This growth in the automotive sector can be attributed to growing population, improved socio-economic conditions, emerging economies, expanding e-commerce industry, improved infrastructure, increasing vehicle fleet, and others. The growth of the automotive engine coolant market is directly related to the increase in the number of motor vehicles operating and total miles driven per year, as they play a mandatory role in the engine cooling system of a vehicle.
Recent Developments
- In December 2019, Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, signed a conditional Share Sale Agreement with Puma Energy Asia Pacific B.V. with the aim to acquire all the shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd. for USD 291 million (AU$425 million).
- In May 2019, Chevron Corporation entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at USD 33 billion. This acquisition of Anadarko will significantly enhance Chevron’s upstream portfolio and further strengthen its leading positions in large shale and natural gas resource basins.
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♦ Leading Key Players -
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BP Plc (UK), Royal Dutch Shell Plc. (Netherlands), Chevron Corporation (US), ExxonMobil Corporation (US), Total S.A.(France), LUKOIL (Russia), Petronas (Malaysia), BASF (Germany), Valvoline Inc. (US), and Cummins Inc. (US)
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Abstract: Antifreeze Coolant report is in-depth investigation for Global market.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/33534/global-antifreeze-coolant-627 Antifreeze Coolant market was valued at USD 4.52 million Global in 2016 and is forecasted to reach USD 6.62 million by 2021, with a CAGR of 8.1% during the 2017-2021.
Global market size, supply, demand, consumption, price, import, export, macroeconomic analysis, type and application segment information by region, including:Region Segment: North America: US, Canada, MexicoAPAC: China, India, Japan, South Korea, Australia, New Zealand, Southeast Asia (Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam)Europe: Germany, France, UK, Italy, Spain, Poland, Netherlands, Belgium, Czech, Russia, TurkeySouth America: Brazil, Argentina, Chile, PeruMEA: South Africa, GCC, Egypt 2.
For industry chain analysis, raw material and end users information is available.
Powerful market analysis tools used in the report include: Porter's five forces analysis, PEST analysis, drivers and restraints, opportunities and threatens.
Based year in this report is 2019; the historical data is from 2014 to 2018 and forecast year is from 2020 to 2024.
Antifreeze coolant helps keep engines from overheating in the summer, prevents freezing in the winter and protects your radiator which is vital to the life of your car.
Without coolant, your car can overheat and break down.
One of the best antifreeze coolants is the Turbo Guard AFAB Premix, which is a premium coolant that can provide excellent freezing and boil-over protection.
