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North America Antifreeze Market Size, Share & Trends Analysis Report By Product (Ethylene Glycol, Propylene Glycol, and Glycerin), By Technology, By Application, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 123 Pages
  • April 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5955245
The North America Antifreeze Market would witness market growth of 6.2% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 835.2 Kilo Tonnes, showcasing a growth of 15.1% (2020-2023).

Ethylene glycol is a key component extensively used in the market for its exceptional properties in preventing engine freezing and overheating. As a versatile chemical compound, ethylene glycol serves as the primary base for most conventional formulations. Its low freezing point and high boiling point make it an ideal coolant for various automotive and industrial applications. Therefore, total consumption of Ethylene glycol in the US Market was 627.8 Kilo Tonnes in 2023.



The US market dominated the North America Antifreeze Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,465.5 million by 2031. The Canada market is experiencing a CAGR of 8.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.6% during (2024 - 2031).

Antifreeze is most commonly associated with the automotive industry. It is used in internal combustion engines to prevent the freezing of engine coolant during cold weather and to raise the boiling point of the coolant during hot weather. This prevents engine damage caused by freezing or boiling coolant and helps maintain optimal engine performance. This is used in industrial cooling systems to regulate temperatures in equipment and machinery.

Antifreeze is used in aircraft cooling systems to prevent freezing at high altitudes where temperatures can drop significantly. It helps maintain the proper functioning of aircraft engines and hydraulic systems, ensuring safe operation during flight. This is used in marine engines and cooling systems to prevent freezing and corrosion in marine environments. It is essential for boats, ships, and other marine vessels operating in cold conditions.

As per the International Trade Administration, Mexico City is the world's fifth most populous city, with 21 million people and 33.4 million vehicles. In 2018, Mexico recorded a 68 percent increase in EV sales, and hybrid vehicle sales surpassed 17,800 units compared to 2017. 955,393 electric and hybrid vehicles were sold in 2019 from January through September. The expansion of the electric vehicle segment diversifies the automotive industry in Mexico, which traditionally focuses on internal combustion engine vehicles. Eco-friendly technologies and electric vehicles are becoming increasingly popular in Mexico due to the country's growing emphasis on environmental sustainability and legal compliance. Hence, the factors mentioned above will drive the regional market growth.

Based on Product, the market is segmented into Ethylene Glycol, Propylene Glycol, and Glycerin. Based on Technology, the market is segmented into Organic Acid Technology (OAT), Hybrid Organic Acid Technology (HOAT), and Inorganic Additive Technology (IAT). Based on Application, the market is segmented into Automobile, Aerospace, and Industrial Heat Transfer & Cooling Systems. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Shell plc
  • BASF SE
  • Old World Industries, LLC
  • SONAX GmbH
  • Cummins, Inc.
  • TotalEnergies SE
  • AMSOIL Inc.
  • Paras Lubricants Limited
  • Exxon Mobil Corporation
  • China Petrochemical Corporation

Market Report Segmentation

By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Ethylene Glycol
  • Propylene Glycol
  • Glycerin
By Technology (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Organic Acid Technology (OAT)
  • Hybrid Organic Acid Technology (HOAT)
  • Inorganic Additive Technology (IAT)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Automobile
  • Aerospace
  • Industrial Heat Transfer & Cooling Systems
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Antifreeze Market, by Product
1.4.2 North America Antifreeze Market, by Technology
1.4.3 North America Antifreeze Market, by Application
1.4.4 North America Antifreeze Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Antifreeze Market by Product
4.1 North America Ethylene Glycol Market by Country
4.2 North America Propylene Glycol Market by Country
4.3 North America Glycerin Market by Country
Chapter 5. North America Antifreeze Market by Technology
5.1 North America Organic Acid Technology (OAT) Market by Country
5.2 North America Hybrid Organic Acid Technology (HOAT) Market by Country
5.3 North America Inorganic Additive Technology (IAT) Market by Country
Chapter 6. North America Antifreeze Market by Application
6.1 North America Automobile Market by Country
6.2 North America Aerospace Market by Country
6.3 North America Industrial Heat Transfer & Cooling Systems Market by Country
Chapter 7. North America Antifreeze Market by Country
7.1 US Antifreeze Market
7.1.1 US Antifreeze Market by Product
7.1.2 US Antifreeze Market by Technology
7.1.3 US Antifreeze Market by Application
7.2 Canada Antifreeze Market
7.2.1 Canada Antifreeze Market by Product
7.2.2 Canada Antifreeze Market by Technology
7.2.3 Canada Antifreeze Market by Application
7.3 Mexico Antifreeze Market
7.3.1 Mexico Antifreeze Market by Product
7.3.2 Mexico Antifreeze Market by Technology
7.3.3 Mexico Antifreeze Market by Application
7.4 Rest of North America Antifreeze Market
7.4.1 Rest of North America Antifreeze Market by Product
7.4.2 Rest of North America Antifreeze Market by Technology
7.4.3 Rest of North America Antifreeze Market by Application
Chapter 8. Company Profiles
8.1 Shell plc
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 BASF SE
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 Old World Industries, LLC
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 SONAX GmbH
8.4.1 Company Overview
8.4.2 SWOT Analysis
8.5 Cummins, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional & Segmental Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 TotalEnergies SE
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 AMSOIL Inc.
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 Paras Lubricants Limited
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Exxon Mobil Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 SWOT Analysis
8.10. China Petrochemical Corporation (Sinopec Group)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Research & Development Expenses
8.10.4 SWOT Analysis

Companies Mentioned

  • Shell plc
  • BASF SE
  • Old World Industries, LLC
  • SONAX GmbH
  • Cummins, Inc.
  • TotalEnergies SE
  • AMSOIL Inc.
  • Paras Lubricants Limited
  • Exxon Mobil Corporation
  • China Petrochemical Corporation

Methodology

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