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Europe 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 2022-11-25 I 159 Pages I The Insight Partners
The Europe antifreeze market is expected to grow from US$ 1,436.95 million in 2022 to US$ 1,965.00 million by 2028. It is estimated to grow at a CAGR of 5.4% from 2022 to 2028.
Increasing Vehicle Production and Aftermarket for Antifreeze and Engine Coolants
In the automotive industry, antifreeze is used as an additive for the coolant in the internal combustion of liquid-cooled engines that can adjust the freezing and boiling points. These antifreeze additives prevent the coolant liquid from freezing and protect engines from damage. The growth of the automotive industry in several economies owing to improved socio-economic factors, has created lucrative opportunities for antifreeze and engine coolants. The automotive sector has witnessed tremendous growth in the last decade. The COVID-19 pandemic has created adverse effect on this sector in 2020 and 2021 due to nationwide lockdowns, trade and travel restrictions, and decreased investments. The surge in automobile sales, with relaxations in travel restrictions and the rapid pace of mass vaccination programs, has favored the revival of the automotive sector. Companies operating in the automotive market are investing heavily in the automobile manufacturing sector. Furthermore, the increasing demand for premium vehicles is driving the market. Using a high-tech engine with very high potential in a vehicle provides superior performance in terms of total weight, acceleration, and quality. High-performance cars are gaining momentum owing to their aerodynamic design, tires, smart suspension, and improved brakes. Such cars need a lot of antifreeze to manage the excess heat generated by the engine and other vehicle components. Antifreeze in the automotive industry also helps maintain temperature at extreme heat by preventing cooling from overheating and freezing in the winter. Antifreeze-based lubricants prevent rust, corrosion, and engine failure and extend the life of engine parts. Performance cars have seen strong sales growth in recent years. The increase in automotive sales is attributed to the great market success of the new model in the compact class and the steady demand for E-Class and SUVs. In these performance vehicles, antifreeze plays a very important role in regulating the engine at extreme temperatures and maintaining the heat generated by the parts. Further, the growing demand for high-performance vehicles is driving the market.
Market Overview
TheEurope antifreeze market is segmented into Germany, France, Italy, the UK, Russia, and rest of Europe. The increasing use of antifreeze in automotive, industrial heating/cooling, and energy sectors is mainly driving the antifreeze market in Europe. Germany, France, Italy, and the UK have a strong automotive industry. The growing automotive sales in the region is creating a huge demand for antifreeze. In the European Union, solar energy is growing at the highest pace. According to the European Commission, the European Union solar market grew by 18 GW in 2020. In May 2022, European Green Deal and REPowerEU plan turned solar energy into a building block of the European Union's transition toward clean energy. This accelerated deployment of solar energy helps in reducing the European Union's dependence on imported fossil fuels. All these factors demonstrate that the region's use of solar energy is increasing. With this, maintaining solar energy systems properly is important. Antifreeze is used in solar water heating systems as heat transfer fluid. Further, the increasing use of HVAC systems in modern residences, office buildings, and hospitals, drives the demand for antifreeze. Players operating in the Europe antifreeze market are focusing on different strategies such as investment in research and development activities and new product launches. For instance, in August 2021, Valvoline Inc. launched new coolant technology specifically designed for modern engines in Europe. It includes Valvoline Antifreeze Coolant HT-12 Pink and Valvoline Antifreeze Coolant HT-12 Green. With the release of these coolants, aftermarket customers have access to the latest patented coolant technology.
Europe Antifreeze Market Revenue and Forecast to 2028 (US$ Million)
Europe Antifreeze Market Segmentation
The Europe antifreeze market is segmented based on coolant type, technology, application, distribution channel, and country.
Based on coolant type, the Europe 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 Europe 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 Europe 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 Europe 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 Europe antifreeze market has been categorized into the UK, Germany, France, Italy, Russia, and rest of Europe. Our regional analysis states that rest of Europe 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 Europe 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 Europe Antifreeze Market, by Coolant Type
1.3.2 Europe Antifreeze Market, by Technology
1.3.3 Europe Antifreeze Market, by Application
1.3.4 Europe Antifreeze Market, by Distribution Channel
1.3.5 Europe 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. Europe 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. Europe 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 - Europe Analysis
6.1 Europe Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
6.2 Europe Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
7. Europe Antifreeze Market Analysis - By Coolant Type
7.1 Overview
7.2 Europe 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. Europe Antifreeze Market Analysis - By Technology
8.1 Overview
8.2 Europe 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. Europe Antifreeze Market Analysis - By Application
9.1 Overview
9.2 Europe 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. Europe Antifreeze Market Analysis - By Distribution Channel
10.1 Overview
10.2 Europe 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. Europe Antifreeze Market - Country Analysis
11.1 Overview
11.1.1 Europe: Antifreeze Market, by Key Country
11.1.1.1 Germany: Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
11.1.1.2 Germany: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Germany: Antifreeze Market, By Coolant Type
11.1.1.2.2 Germany: Antifreeze Market, By Coolant Type
11.1.1.2.3 Germany: Antifreeze Market, by Technology
11.1.1.2.4 Germany: Antifreeze Market, by Application
11.1.1.2.5 Germany: Antifreeze Market, by Distribution Channel
11.1.1.3 France: Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
11.1.1.4 France: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 France: Antifreeze Market, By Coolant Type
11.1.1.4.2 France: Antifreeze Market, By Coolant Type
11.1.1.4.3 France: Antifreeze Market, by Technology
11.1.1.4.4 France: Antifreeze Market, by Application
11.1.1.4.5 France: Antifreeze Market, by Distribution Channel
11.1.1.5 UK: Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
11.1.1.6 UK: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 UK: Antifreeze Market, By Coolant Type
11.1.1.6.2 UK: Antifreeze Market, By Coolant Type
11.1.1.6.3 UK: Antifreeze Market, by Technology
11.1.1.6.4 UK: Antifreeze Market, by Application
11.1.1.6.5 UK: Antifreeze Market, by Distribution Channel
11.1.1.7 Italy: Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
11.1.1.8 Italy: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.8.1 Italy: Antifreeze Market, By Coolant Type
11.1.1.8.2 Italy: Antifreeze Market, By Coolant Type
11.1.1.8.3 Italy: Antifreeze Market, by Technology
11.1.1.8.4 Italy: Antifreeze Market, by Application
11.1.1.8.5 Italy: Antifreeze Market, by Distribution Channel
11.1.1.9 Russia: Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
11.1.1.10 Russia: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.10.1 Russia: Antifreeze Market, By Coolant Type
11.1.1.10.2 Russia: Antifreeze Market, By Coolant Type
11.1.1.10.3 Russia: Antifreeze Market, by Technology
11.1.1.10.4 Russia: Antifreeze Market, by Application
11.1.1.10.5 Russia: Antifreeze Market, by Distribution Channel
11.1.1.11 Rest of Europe: Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
11.1.1.12 Rest of Europe: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.12.1 Rest of Europe: Antifreeze Market, By Coolant Type
11.1.1.12.2 Rest of Europe: Antifreeze Market, By Coolant Type
11.1.1.12.3 Rest of Europe: Antifreeze Market, by Technology
11.1.1.12.4 Rest of Europe: Antifreeze Market, by Application
11.1.1.12.5 Rest of Europe: 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
13.2.6 Key Developments
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. Europe Antifreeze Market -Volume and Forecast to 2028 (Million Gallons)
Table 2. Europe Antifreeze Market -Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Antifreeze Market, By Coolant Type - Volume and Forecast to 2028 (Million Gallons)
Table 5. Germany Antifreeze Market, By Coolant Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany Antifreeze Market, by Technology- Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany Antifreeze Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany Antifreeze Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 9. France Antifreeze Market, By Coolant Type -Volume and Forecast to 2028 (Million Gallons)
Table 10. France Antifreeze Market, By Coolant Type - Revenue and Forecast to 2028 (US$ Million)
Table 11. France Antifreeze Market, by Technology- Revenue and Forecast to 2028 (US$ Million)
Table 12. France Antifreeze Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 13. France Antifreeze Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 14. UK Antifreeze Market, By Coolant Type -Volume and Forecast to 2028 (Million Gallons)
Table 15. UK Antifreeze Market, By Coolant Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. UK Antifreeze Market, by Technology- Revenue and Forecast to 2028 (US$ Million)
Table 17. UK Antifreeze Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 18. UK Antifreeze Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy Antifreeze Market, By Coolant Type -Volume and Forecast to 2028 (Million Gallons)
Table 20. Italy Antifreeze Market, By Coolant Type - Revenue and Forecast to 2028 (US$ Million)
Table 21. Italy Antifreeze Market, by Technology - Revenue and Forecast to 2028 (US$ Million)
Table 22. Italy Antifreeze Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy Antifreeze Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 24. Russia Antifreeze Market, By Coolant Type -Volume and Forecast to 2028 (Million Gallons)
Table 25. Russia Antifreeze Market, By Coolant Type - Revenue and Forecast to 2028 (US$ Million)
Table 26. Russia Antifreeze Market, by Technology - Revenue and Forecast to 2028 (US$ Million)
Table 27. Russia Antifreeze Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 28. Russia Antifreeze Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 29. Rest of Europe Antifreeze Market, By Coolant Type -Volume and Forecast to 2028 (Million Gallons)
Table 30. Rest of Europe Antifreeze Market, By Coolant Type - Revenue and Forecast to 2028 (US$ Million)
Table 31. Rest of Europe Antifreeze Market, by Technology- Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe Antifreeze Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe Antifreeze Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 34. Glossary of Terms
LIST OF FIGURES
Figure 1. Europe Antifreeze Market Segmentation
Figure 2. Europe Antifreeze Market Segmentation - By Country
Figure 3. Europe Antifreeze Market Overview
Figure 4. Europe Antifreeze Market, By Coolant Type
Figure 5. Europe Antifreeze Market, by Country
Figure 7. Porter's Five Forces Analysis
Figure 8. Europe Antifreeze Market - Ecosystem
Figure 9. Expert Opinion
Figure 10. Europe Antifreeze Market Impact Analysis of Drivers and Restraints
Figure 11. Europe Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 12. Europe Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Antifreeze Market Revenue Share, By Coolant Type (2021 and 2028)
Figure 14. Europe Ethylene Glycol: Antifreeze Market - Volume and Forecast To 2028 (Million Gallons)
Figure 15. Europe Ethylene Glycol: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 16. Europe Propylene Glycol: Antifreeze Market - Volume and Forecast To 2028 (Million Gallons)
Figure 17. Europe Propylene Glycol: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 18. Europe Glycerin and Others: Antifreeze Market - Volume and Forecast To 2028 (Million Gallons)
Figure 19. Europe Glycerin and Others: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 20. Europe Antifreeze Market Revenue Share, By Technology (2021 and 2028)
Figure 21. Europe Inorganic Additive Technology: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 22. Europe Organic Acid Technology: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 23. Europe Hybrid Organic Acid Technology and Others: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 24. Europe Antifreeze Market Revenue Share, By Application (2021 and 2028)
Figure 25. Europe Automobiles: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 26. Europe Industrial Heating/Cooling: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 27. Europe Energy: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 28. Europe Manufacturing and Others: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 29. Europe Antifreeze Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 30. Europe Original Equipment Manufacturers (OEMs): Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 31. Europe Aftermarket: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 32. Europe Retail and Others: Antifreeze Market - Revenue and Forecast To 2028 (US$ Million)
Figure 33. Europe: Antifreeze Market, by Key Country - Revenue (2021) (US$ 'Million)
Figure 34. Europe: Antifreeze Market Revenue Share, by Key Country (2021 and 2028)
Figure 35. Germany: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 36. Germany: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. France: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 38. France: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
Figure 39. UK: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 40. UK: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
Figure 41. Italy: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 42. Italy: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
Figure 43. Russia: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 44. Russia: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
Figure 45. Rest of Europe: Antifreeze Market - Volume and Forecast to 2028 (Million Gallons)
Figure 46. Rest of Europe: Antifreeze Market - Revenue and Forecast to 2028 (US$ Million)
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- Website security