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Asia-Pacific Antifreeze Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Coolant Type (Ethylene Glycol, Propylene Glycol, and Glycerin and Others), Technology (Inorganic Additive Technology, Organic Acid Technology, and Hybrid Organic Acid Technology and Others), Application (Automobiles, Industrial Heating/Cooling, Energy, and Manufacturing and Others), and Distribution Channel [Original Equipment Manufacturers (OEMs), Aftermarket, and Retail and Others]
Market Report I 2022-11-10 I 158 Pages I The Insight Partners
The APAC antifreeze market is expected to grow from US$ 2,806.35 million in 2022 to US$ 3,998.56 million by 2028. It is estimated to grow at a CAGR of 6.1% from 2022 to 2028.
Investment in R&D and Initiatives by Market Players
Market players in the antifreeze market are focusing on investing in R&D to expand product portfolio and attain a competitive edge. New product development, strategic alliances, and enhancement of the product landscape are the key initiatives in the antifreeze market. For instance, in January 2019, Total S.A. launched an advanced grease STATERMIC X400, which is nonflammable, has a long life, and is designed for high-temperature textile applications. Further, in April 2021, XING Mobility partnered with Castrol to enrich its product line and strengthen its market position. Further, PEAK announced the launch of PEAK antifreeze coolant, which helps in extending the life of automobiles when used. The product is made from scale-fighting inhibitors and organic acid corrosion inhibitors, which offer protection from corrosion throughout the life of the products. Companies such as BASF SE, Chevron Corporation, and Dow dominate the market. These companies are indulged in developing more cost-effective antifreeze, which helps reduce carbon footprint. Therefore, continuous investment in R&D and initiatives by market players is expected to drive the market growth.
Market Overview
The APAC region comprises of Australia, China, India, Japan, South Korea, and rest of APAC. The antifreeze market in the region is surging owing to the rise in demand for high-performance vehicles and increase in use of high-quality technologically advanced additive. There is rise in production & sales of ICE vehicles in this region, which leads to increased demand for antifreeze. The escalating vehicle manufacturing along with growing demand for automobiles from individuals is boosting the demand for antifreeze over the forecast period. Moreover, the rising need for protection against corrosion and freezing as well as the requirement for effective heat dissipation among automotive and aircraft manufacturers are helping to advance the growth of the antifreeze market. Additionally, the rising sales of construction equipment, growth in demand for HVAC systems, growing concerns in protecting automotive engines and radiators against freezing, overheating and corrosion, rising product applications in aerospace industry, and rising demand for passenger cars and light weight commercial vehicles are also bolstering the growth of the antifreeze market in the region.
APAC Antifreeze Market Revenue and Forecast to 2028 (US$ Million)
APAC Antifreeze Market Segmentation
The APAC antifreeze market is segmented based on coolant type, technology, application, distribution channel, and country.
Based on coolant type, the APAC antifreeze market is segmented into ethylene glycol, propylene glycol, and glycerin and others. The ethylene glycol segment held the largest market share in 2022. Based on technology, the APAC antifreeze market is segmented into inorganic additive technology, organic acid technology, and hybrid organic acid technology and others. The organic acid technology segment held the largest market share in 2022. Based on application, the APAC antifreeze market is segmented into automobiles, industrial heating/cooling, energy, and manufacturing and others. The automobiles segment held the largest market share in 2022. Based on distribution channel, the APAC antifreeze market is segmented into original equipment manufacturers (OEMs), aftermarket, and retail and others. The aftermarket segment held the largest market share in 2022. Based on country, the APAC antifreeze market has been categorized into China, India, Japan, South Korea, Australia, and rest of APAC. Our regional analysis states that China dominated the market share in 2022. BASF SE, CCI Corporation, Chevron Corporation, Dow Inc., Exxon Mobil Corporation, Old World Industries, Prestone Products Corporation, Shell plc, Valvoline LLC, and Wacker Chemie AG are the leading companies operating in the APAC antifreeze market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Antifreeze Market, by Coolant Type
1.3.2 APAC Antifreeze Market, by Technology
1.3.3 APAC Antifreeze Market, by Application
1.3.4 APAC Antifreeze Market, by Distribution Channel
1.3.5 APAC Antifreeze Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Antifreeze Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Antifreeze Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Vehicle Production and Aftermarket for Antifreeze and Engine Coolants
5.1.2 Growing Construction Activities and Sales of Construction Equipment
5.2 Market Restraints
5.2.1 Volatility in Raw Material Prices
5.3 Market Opportunities
5.3.1 Environment-Friendly and Bio-Based Antifreeze
5.4 Future Trends
5.4.1 Investment in R&D and Initiatives by Market Players
5.5 Impact Analysis
6. Antifreeze Market - APAC Analysis
6.1 APAC Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
6.2 APAC Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
7. APAC Antifreeze Market Analysis - By Coolant Type
7.1 Overview
7.2 APAC Antifreeze Market, By Coolant Type (2021 and 2028)
7.3 Ethylene Glycol
7.3.1 Overview
7.3.2 Ethylene Glycol: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
7.3.3 Ethylene Glycol: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Propylene Glycol
7.4.1 Overview
7.4.2 Propylene Glycol: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
7.4.3 Propylene Glycol: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Glycerin and Others
7.5.1 Overview
7.5.2 Glycerin and Others: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
7.5.3 Glycerin and Others: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
8. APAC Antifreeze Market Analysis - By Technology
8.1 Overview
8.2 APAC Antifreeze Market, By Technology (2021 and 2028)
8.3 Inorganic Additive Technology
8.3.1 Overview
8.3.2 Inorganic Additive Technology: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Organic Acid Technology
8.4.1 Overview
8.4.2 Organic Acid Technology: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Hybrid Organic Acid Technology and Others
8.5.1 Overview
8.5.2 Hybrid Organic Acid Technology and Others: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
9. APAC Antifreeze Market Analysis - By Application
9.1 Overview
9.2 APAC Antifreeze Market, By Application (2021 and 2028)
9.3 Automobiles
9.3.1 Overview
9.3.2 Automobiles: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Industrial Heating/Cooling
9.4.1 Overview
9.4.2 Industrial Heating/Cooling: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Energy
9.5.1 Overview
9.5.2 Energy: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Manufacturing and Others
9.6.1 Overview
9.6.2 Manufacturing and Others: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
10. APAC Antifreeze Market Analysis - By Distribution Channel
10.1 Overview
10.2 APAC Antifreeze Market, By Distribution Channel (2021 and 2028)
10.3 Original Equipment Manufacturers (OEMs)
10.3.1 Overview
10.3.2 Original Equipment Manufacturers (OEMs): Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Aftermarket
10.4.1 Overview
10.4.2 Aftermarket: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Retail and Others
10.5.1 Overview
10.5.2 Retail and Others: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
11. APAC Antifreeze Market - Country Analysis
11.1 Overview
11.1.1 APAC: Antifreeze Market, by Key Country
11.1.1.1 China: Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
11.1.1.2 China: Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 China: Antifreeze Market, By Coolant Type
11.1.1.2.2 China: Antifreeze Market, By Coolant Type
11.1.1.2.3 China: Antifreeze Market, by Technology
11.1.1.2.4 China: Antifreeze Market, by Application
11.1.1.2.5 China: Antifreeze Market, by Distribution Channel
11.1.1.3 Japan: Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
11.1.1.4 Japan: Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Japan: Antifreeze Market, By Coolant Type
11.1.1.4.2 Japan: Antifreeze Market, By Coolant Type
11.1.1.4.3 Japan: Antifreeze Market, by Technology
11.1.1.4.4 Japan: Antifreeze Market, by Application
11.1.1.4.5 Japan: Antifreeze Market, by Distribution Channel
11.1.1.5 India: Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
11.1.1.6 India: Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 India: Antifreeze Market, By Coolant Type
11.1.1.6.2 India: Antifreeze Market, By Coolant Type
11.1.1.6.3 India: Antifreeze Market, by Technology
11.1.1.6.4 India: Antifreeze Market, by Application
11.1.1.6.5 India: Antifreeze Market, by Distribution Channel
11.1.1.7 Australia: Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
11.1.1.8 Australia: Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.8.1 Australia: Antifreeze Market, By Coolant Type
11.1.1.8.2 Australia: Antifreeze Market, By Coolant Type
11.1.1.8.3 Australia: Antifreeze Market, by Technology
11.1.1.8.4 Australia: Antifreeze Market, by Application
11.1.1.8.5 Australia: Antifreeze Market, by Distribution Channel
11.1.1.9 South Korea: Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
11.1.1.10 South Korea: Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.10.1 South Korea: Antifreeze Market, By Coolant Type
11.1.1.10.2 South Korea: Antifreeze Market, By Coolant Type
11.1.1.10.3 South Korea: Antifreeze Market, by Technology
11.1.1.10.4 South Korea: Antifreeze Market, by Application
11.1.1.10.5 South Korea: Antifreeze Market, by Distribution Channel
11.1.1.11 Rest of APAC: Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
11.1.1.12 Rest of APAC: Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
11.1.1.12.1 Rest of APAC: Antifreeze Market, By Coolant Type
11.1.1.12.2 Rest of APAC: Antifreeze Market, By Coolant Type
11.1.1.12.3 Rest of APAC: Antifreeze Market, by Technology
11.1.1.12.4 Rest of APAC: Antifreeze Market, by Application
11.1.1.12.5 Rest of APAC: Antifreeze Market, by Distribution Channel
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 Wacker Chemie AG
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 BASF SE
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.3 Chevron Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Dow Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Exxon Mobil Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 CCI Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Old World Industries
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Prestone Products Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Valvoline LLC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Shell plc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
Table 2. APAC Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
Table 4. China Antifreeze Market, By Coolant Type -Volume and Forecast to 2028 (Million Gallons)
Table 5. China Antifreeze Market, By Coolant Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. China Antifreeze Market, by Technology- Revenue and Forecast to 2028 (US$ Million)
Table 7. China Antifreeze Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 8. China Antifreeze Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan Antifreeze Market, By Coolant Type -Volume and Forecast to 2028 (Million Gallons)
Table 10. Japan Antifreeze Market, By Coolant Type - Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan Antifreeze Market, by Technology- Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan Antifreeze Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan Antifreeze Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 14. India Antifreeze Market, By Coolant Type -Volume and Forecast to 2028 (Million Gallons)
Table 15. India Antifreeze Market, by Coolant Type - Revenue and Forecast to 2028 (USD Million)
Table 16. India Antifreeze Market, by Technology- Revenue and Forecast to 2028 (US$ Million)
Table 17. India Antifreeze Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 18. India Antifreeze Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 19. Australia Antifreeze Market, By Coolant Type-Volume and Forecast to 2028 (Million Gallons)
Table 20. Australia Antifreeze Market, By Coolant Type- Revenue and Forecast to 2028 (US$ Million)
Table 21. Australia Antifreeze Market, by Technology- Revenue and Forecast to 2028 (US$ Million)
Table 22. Australia Antifreeze Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 23. Australia Antifreeze Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 24. South Korea Antifreeze Market, By Coolant Type -Volume and Forecast to 2028 (Million Gallons)
Table 25. South Korea Antifreeze Market, By Coolant Type - Revenue and Forecast to 2028 (US$ Million)
Table 26. South Korea Antifreeze Market, by Technology - Revenue and Forecast to 2028 (US$ Million)
Table 27. South Korea Antifreeze Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 28. South Korea Antifreeze Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 29. Rest of APAC Antifreeze Market, By Coolant Type -Volume and Forecast to 2028 (Million Gallons)
Table 30. Rest of APAC Antifreeze Market, By Coolant Type - Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of APAC Antifreeze Market, by Technology- Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of APAC Antifreeze Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of APAC Antifreeze Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 34. Glossary of Terms
LIST OF FIGURES
Figure 1. APAC Antifreeze Market Segmentation
Figure 2. APAC Antifreeze Market Segmentation - By Country
Figure 3. APAC Antifreeze Market Overview
Figure 4. APAC Antifreeze Market, By Coolant Type
Figure 5. APAC Antifreeze Market, by Country
Figure 7. Porter's Five Forces Analysis
Figure 8. APAC Antifreeze Market - Ecosystem
Figure 9. Expert Opinion
Figure 10. APAC Antifreeze Market Impact Analysis of Drivers and Restraints
Figure 11. APAC Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 12. APAC Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Antifreeze Market Revenue Share, By Coolant Type (2021 and 2028)
Figure 14. APAC Ethylene Glycol: Antifreeze Market - Volume and Forecast To 2028 (Million Gallons)
Figure 15. APAC Ethylene Glycol: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 16. APAC Propylene Glycol: Antifreeze Market - Volume and Forecast To 2028 (Million Gallons)
Figure 17. APAC Propylene Glycol: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 18. APAC Glycerin and Others: Antifreeze Market - Volume and Forecast To 2028 (Million Gallons)
Figure 19. APAC Glycerin and Others: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 20. APAC Antifreeze Market Revenue Share, By Technology (2021 and 2028)
Figure 21. APAC Inorganic Additive Technology: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 22. APAC Organic Acid Technology: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 23. APAC Hybrid Organic Acid Technology and Others: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 24. APAC Antifreeze Market Revenue Share, By Application (2021 and 2028)
Figure 25. APAC Automobiles: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 26. APAC Industrial Heating/Cooling: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 27. APAC Energy: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 28. APAC Manufacturing and Others: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 29. APAC Antifreeze Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 30. APAC Original Equipment Manufacturers (OEMs): Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 31. APAC Aftermarket: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 32. APAC Retail and Others: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 1. APAC: Antifreeze Market, by Key Country - Revenue (2021) (US$ 'Million)
Figure 2. APAC: Antifreeze Market Revenue Share, by Key Country (2021 and 2028)
Figure 3. China: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 4. China: Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
Figure 5. Japan: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 6. Japan: Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
Figure 7. India: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 8. India: Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
Figure 9. Australia: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 10. Australia: Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
Figure 11. South Korea: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 12. South Korea: Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
Figure 13. Rest of APAC: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 14. Rest of APAC: Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
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