PUNE, India, November 12, 2015 /PRNewswire/ --
The report "Automotive Antifreeze Market by Product (Ethylene Glycol, Propylene Glycol, & Glycerine); Coolant Additive Market by Technology (IAT, OAT, Hoat); Coolant Aftermarket by Technology, Vehicle Type & by Region - Global Trends & Forecast to 2020", published by MarketsandMarkets, The global Automotive Antifreeze Market is projected to grow at the CAGR of 6.19% from 2015 to 2020 to reach USD 720.0 Million by 2020
Browse 69 market data Tables with 57 Figures across 146 Pages and in-depth TOC on "Antifreeze Market"
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The market report classifies and defines the Automotive Antifreeze Market, in terms of value and volume. The report offers insights about the potential growth opportunities for the Antifreeze Market in the near future.
This report also highlights the market drivers, restraints, opportunities, challenges, competitive landscape, and other key aspects with regard to the Automotive Antifreeze Market.
Organic Acid Technology (OAT): The next lucrative market
The technological advancements in automotive industry has led to the development of high-powered, fuel-efficient, and less polluting vehicles. This has pushed the coolant manufacturers to develop coolants that are capable of handling and maintaining high-temperatures of the engine. Coolant manufacturers introduced coolants based on organic acid technology to cater to the rising demand for efficient and long life coolants. OAT coolants, also referred as extended life coolants, are mainly based on the carboxylate technology. Organic acid technology uses organic salts as additives or inhibitors and eliminates the use of inorganic acids such as phosphates and silicates. The use of OAT additives rapidly penetrated into the market, given the benefit of extended service life.
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North America is projected to be the highest-growing market for OAT additives. This growth can be attributed to the large number of automobiles manufactured in this region as well as the improved efficiency and better performance offered by OAT additives. The global market for OAT additives is projected to go grow at a promising CAGR from 2015 to 2020.
In this report, the market size of antifreeze is provided in terms of volume as well as value. In terms of volume the market size is derived in million gallons from 2013 to 2020, whereas the market size, in terms of value is provided in USD million for the same period. The report covers Automotive Antifreeze Market in key countries of Asia-Oceania, Europe, North America, and RoW (rest of the world).
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