The global Antifreeze Marketfor original equipment was valued at USD 687.5 million in 2016 and is projected to grow at a CAGR of 5.18% during the forecast period as per a report by MarketsandMarkets.
How environment-friendly and bio-based coolants and antifreeze will be a major opportunity?
The commonly used base fluid in coolants is ethylene glycol. It is a by-product of crude oil and is widely accepted, given its low manufacturing and refining costs. Ethylene glycol is toxic in nature and has resulted in several cases of animal poisoning. Reasons such as these have compelled manufacturers to explore other bio-based coolants that can be used as an alternative for ethylene glycol and would also contribute to environment protection. The next less toxic option is propylene glycol, which is being used today in various countries. Propylene glycol is labeled as “pet safe” and is comparatively safe to use than ethylene glycol. Both glycols are manufactured using natural gas, which is a nonrenewable resource. The engine coolant and antifreeze suppliers are working toward the use of bio-based resources to decrease the harmful effects of glycols on environment. For instance, DuPont Tate & Lyle Bio Products (U.S.) has a brand named Susterra, which is a bio-based glycol named 1, 3-Propanediol (PDO); this is completely manufactured using renewable and bio-based materials. This engine coolant and antifreeze is used in passenger cars and other light and heavy-duty vehicles. This bio-based, glycol-based coolant offers lower maintenance, prevention from early degradation, and increased replacement miles. Glycerol is also made from renewable resources and is environment friendly. Glycerol is a by-product of bio-diesel. Increase in biodiesel production since 2004 has led to an increase in the production of glycerol. Thus, the demand and supply of glycerin has increased, presenting an environment-friendly solution to the world.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=241952403
How engine downsizing will impact the demand for engine coolant and antifreeze?
With the rising demand for improved fuel economy and stringent emission regulations, the demand for downsized engine is increasing. With engine downsizing and the need for higher power, the heat generated in the system has increased. Removing excess heat with the help of engine coolant and antifreeze has become a challenge for the Tier-2, Tier-1 companies, and OEMs. For instance, BASF SE has developed an engine coolant—GLYSANTIN G64—for downsized engines. This coolant is specifically designed for high performance small size engine with tremendous heat flowing continuously. On the other hand, developments are going on in the field of nano fluid or nano coolant. Nano fluid is used as a coolant for smaller size engines and it provides better radiator positioning. Nano coolant has nano-scale particles suspended in carrier liquid and these coolants transfer heat efficiently with the help of advanced thermo physical properties.
The ecosystem of the Antifreeze Market for automotive industry consists of antifreeze manufacturers such as BP PLC (U.K.), Royal Dutch Shell PLC (Netherlands), Total (France), and Chevron Corporation (U.S.). Antifreeze is supplied to major OEMs in the automotive industry including Nissan (Japan), Ford Motor Company (U.S.), Honda (Japan), and others.
Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=241952403
Browse Related Reports:
Engine Market for Off-Highway Vehicle – Forecast to 2020
by Power Output (HP) (Construction: <100, 101-200, 201-400, >400; Agriculture: <30, 31-50, 51-80, 81-140, >140), Capacity (<5L, 5.1L-10L, >10L), Fuel Type (Diesel, Gasoline & Others), & by Region
Air Conditioning Market– Global Trend and Forecast to 2020
by Technology (Manual/Semi-Automatic and Automatic), Component (Compressor, Evaporator, Drier/Receiver, and Condenser, Vehicle Type (PC, LCV, HCV, Off-Highway and Locomotive), and by Region
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Address:630 Dundee Road Suite 430
Country: United States