This Europe Antifreeze Coolant market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Europe Antifreeze Coolant market.
Anti-freeze coolants are used in automobiles, HVAC systems, and heat exchangers to facilitate heat transfer process in adverse cold weather conditions. Also, they prevent overheating of the vehicle in summer. These are antifreeze agents or chemicals that are added in water in a certain proportion. This mixture is called an anti-freeze coolant. Antifreeze coolants ensure workability and performance of engines and heat exchangers. Chemicals predominantly used as anti-freeze agents include propylene glycol, ethylene glycol, methanol, and glycerol. Adverse cold climatic conditions and automotive demand from relatively colder regions across the world maintain stable volumes of demand across the world. Other applications of antifreeze coolants are found in aerospace, industrial applications, and the electronics industry. Typical application in aerospace includes development of anti-icing and de-icing materials.
Chemicals utilised in the manufacture of anti-freeze coolants are toxic in nature and are derived from conventional energy sources. These chemicals are not eco-friendly. Owing to this concern, efforts are being made 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 from processes such as distillation, reverse osmosis, and ion exchange is also gradually making its mark in the market for utilisation as an engine coolant. Recent research and development efforts are also being undertaken to explore opportunities in utilisation of 1,3 Propanediol and glycerin in development of coolant-based fluids.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The aerospace segment is the next big enduse segment for anti-freeze coolants. The European aerospace market is the global leader in aerospace product exports. France, UK, and Germany are home to the leading aerospace manufacturers followed by Poland, and Sweden. Heavy financial investment is made in R&D for the aerospace sector. Stabilisation of the European economy in future will increase the demand for effective anti-freezing coolants.
APAC is the next potential market after Europe. Rise in demand for passenger vehicles in emerging economies such as China and India will drive the anti-freeze market vertically upwards.
North America is the next lucrative market for business enterprises offering anti-freeze coolants. The automotive industryhas been expanding its business in the Canadian, USA and Mexican markets. This expansion will offer a lucrative market for anti-freeze coolants manufacturers. Canada and Mexico will see a CAGR growth of 8% in automotive coolants.
The aforementioned technological advancements, usage and application across automotive, heat exchangers and aerospace segment are expected to drive growth in consumption of these coolants across the world. Advancements in aerospace and automotive technologies are likely to trigger healthy double digit growth in the anti-freeze coolant market which may even lead to 1.5 times the growth of the conventional coolants market. Some of the players identified in the marketplace include DOW Chemical Company, Chevron, BASF, Kost USA Inc., and others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications. The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- Eastern Europe
- Rest of Europe
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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What research methodology is used to develop the Europe Antifreeze Coolant Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Europe Antifreeze Coolant Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
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How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.