Global Antifreeze Market Outlook

the demand for automotive antifreeze is forecast to remain strong despite the introduction of new technologies and increasing customer awareness of the implications for environment and health. the global market study report on antifreeze market provides key information about the industry, including very useful facts and figures, expert opinions, and the latest developments across the globe. the global antifreeze market is expected to witness a healthy growth rate over the forecast period of 2018-2032. the demand of automotive and marine industries drives the antifreeze market growth. the superior performance of antifreeze-coolant over regular water has prompted the automotive and marine industries to adopt it more. on account of this, many automotive and marine manufacturers across the world now demand of antifreeze-coolant. moreover, the rising number of vehicles across the globe mainly attributes to the growth of the antifreeze market. the recycling of old coolant and other fluids also contribute to the antifreeze market growth. on the other hand, the concerns related to the toxicity levels of antifreeze-coolant disrupts the growth of the market. the volatile pricing of raw materials, such as glycols and additives, involved in the manufacturing of antifreeze further limits the market growth. the major players in the global antifreeze market are exxonmobil, shell, sinopec, total, valvoline, eni, total petrochemicals, lanxess, premier oil, and oxy. players compete with each other based on quality, price, innovation, and service. product innovation and mergers & acquisitions are some of the key strategies adopted by the major players to gain a competitive edge in the bot freez market. overall, there is a strong demand for antifreeze in the automotive and marine industry over the forecast period, which is expected to drive the global antifreeze market growth. the increasing demand of antifreeze from emerging countries, such as india, china, etc. is expected to offer lucrative opportunities for the market players in the future.