NEW YORK, Feb. 24, 2016 /PRNewswire/ -- The function of engine coolant is to remove excess heat from the engine and protect it from overheating. During early era of automobiles, traditional green IAT coolant was the universally accepted coolant for all vehicle types. As technology developed, the extended life coolants entered the market based on the organic acid technology (OAT). These OAT coolants offered several advantages over conventional IAT coolants, which made them a popular choice for OEMs in North America and European region. Considering the stringent environmental regulations in different parts of the world, some coolant manufacturers came up with unique combination of IAT and OAT coolant named HOAT coolant. The HOAT coolant offers advantages of both IAT and OAT coolant.
Ethylene glycol market is estimated to dominate the engine antifreeze market for automotive, by product. The global market for automotive engine antifreeze is projected to grow at a promising rate. Asia-Oceania is estimated to be the largest market for automotive engine antifreeze. This can be attributed to the rising demand for the automobiles in the region. North America is projected to be the fastest growing market for automotive antifreeze during the forecast period.
The report includes a comprehensive review of market drivers, restraints, opportunities, challenges, and key issues in the global automotive engine coolant market. Key players in the market have been identified and profiled. Apart from quantitative analysis of these markets, the report also covers qualitative aspects such as value chain analysis, PEST analysis, and Porter's Five Forces analysis for the global automotive engine coolant market.
This report classifies and defines the global antifreeze market for automotive, in terms of volume and value. Market size, in terms of volume, is provided in million gallons from 2013 to 2020, whereas the market size, in terms of value, is provided USD Million. This report also provides qualitative data about automotive engine coolants and antifreeze.
Reasons to Buy the Report:
This report focuses on the basic views on the emerging and high growth segments of the automotive engine coolant market, competitive landscape, drivers, restraints, opportunities, challenges, high-growth regions, countries and their respective regulatory policies, and government initiatives. This report also includes industry analysis (industry trends, Porter's Five Forces, and PEST analysis), value chain analysis, and company profiles.
The report provides insights with reference to the following points:
- Market Diversification: Detailed information about untapped markets, investments, new products, and recent developments in the global automotive antifreeze market
- Product Development/Innovation: Detailed insights into R&D activities, upcoming technologies, and new product launches in the global automotive antifreeze market
- Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading players in the global automotive antifreeze market
- Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for automotive engine coolant across regions
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