Anti-freeze Coolants - Market Analysis & Opportunity Assessment, 2014 - 2020
Oct 15, 2014 | Chemicals & Materials | FMI
Anti-freeze coolants are used in automobiles, HVAC systems, and heat exchangers to facilitate heat transfer in adverse cold weather conditions.These are anti-freeze agents or chemicals that are added to water in a certain proportion to form a mixture called anti-freeze coolant. Anti-freeze coolants ensure workability and performance of engines and heat exchangers. Propylene glycol, ethylene glycol, methanol, and glycerol are the chemicals predominantly used as anti-freeze agents. Adverse cold climatic conditions and automotive demand from relatively colder regions keep demand stable across the world. Other applications of anti-freeze coolants are found in aerospace, industrial applications, and electronics industries. Anti-freeze coolants are typically used in the aerospace industry to develop anti-icing and de-icing materials.
Chemicals used in manufacturing anti-freeze coolants are toxic in nature and are derived from conventional energy sources. Constant efforts are being taken to develop chemicals such as propylene glycol from renewable sources or materials such as corn stover, oil bearing crops, and other bio-based resources. Recycled ethylene glycol produced from different processes such as distillation, reverse osmosis, and ion exchange is gradually finding spacein the market as engine coolant. Research and development initiativesare also being taken for exploring opportunities of utilizing 1,3-propanediol and glycerin in the development of coolant-based fluids.
Technological advancements, usage and application across automotive, heat exchangers and aerospace segmentsare expected to boost consumption of these coolants across the world. Advancements in aerospace and automotive technologies are likely to drivefirm double-digit growth in the anti-freeze coolant market, which may even drive the conventional coolants market to grow by 1.5 times. Some of the major players identified in the market include the DOW Chemical Company, Chevron, BASF, and Kost USA, Inc.
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