The global antifreeze/coolant market size is estimated at USD 5.4 billion in 2020 and is projected to reach USD 5.9 billion by 2025 at a Compound Annual Growth Rate (CAGR) of 1.8%. The global antifreeze/coolant industry will be driven primarily by the increasing number of vehicles in operation worldwide. The growth in the HVAC systems and construction equipment industry are the other key factors contributing to the growth of the antifreeze/coolant market.
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In December 2019, Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, signed a conditional Share Sale Agreement with Puma Energy Asia Pacific B.V. with the aim to acquire all the shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd. for USD 291 million (AU$425 million).
In May 2019, Chevron Corporation entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at USD 33 billion. This acquisition of Anadarko will significantly enhance Chevron’s upstream portfolio and further strengthen its leading positions in large shale and natural gas resource basins.
In June 2018, ExxonMobil Corporation acquired PT Federal Karyatama (FKT), a leading manufacturer of motorcycle lubricants in Indonesia. This acquisition includes the manufacturing plant at Cilegon, Indonesia. This strategic initiative will strengthen the company’s lubricant business and enhance Mobil's brand presence in the growing Indonesian market.
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Key Questions Addressed by the Report:
What are the global trends in the antifreeze/coolant market? Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for the different types of antifreeze/coolant?
Where will the strategic developments take the industry in the mid to long-term?
What are the upcoming industry regulations and trends for the antifreeze/coolant market?
Who are the major players in the antifreeze/coolant market globally?
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HOME ❯ TOP MARKET REPORTS ❯ ANTIFREEZE/COOLANT MARKET
Antifreeze/Coolant Market by Application (Automotive, Industrial),
Base Fluid (Ethylene Glycol, Propylene Glycol and Glycerine),
Technology, Regions (North America, Europe, APAC, Middle East &
Africa, and South America) - Global Forecast to 2025
[173 Pages Report] The global antifreeze/coolant market size is estimated at USD 5.4 billion in 2020
and is projected to reach USD 5.9 billion by 2025 at a Compound Annual Growth Rate (CAGR) of
1.8%. The global antifreeze/coolant industry will be driven primarily by the increasing number of
vehicles in operation worldwide. The growth in the HVAC systems and construction equipment
industry are the other key factors contributing to the growth of the antifreeze/coolant market.
The automotive segment is projected to lead the antifreeze/coolant market from 2020 to
Based on application, the automotive segment is projected to be the largest market for
antifreeze/coolant. The number of vehicles in operation at the global level is one of the factors
driving the antifreeze/coolant market. This growth in the automotive sector can be attributed to
growing population, improved socio-economic conditions, emerging economies, expanding e-
commerce industry, improved infrastructure, increasing vehicle fleet, and others. The growth of the
automotive engine coolant market is directly related to the increase in the number of motor
vehicles operating and total miles driven per year, as they play a mandatory role in the engine
cooling system of a vehicle.
Ethylene glycol segment is projected to lead the overall antifreeze/coolant market from
2020 to 2025.
Based on Base fluid, the ethylene glycol segment is estimated to be the largest segment in the
antifreeze/coolant market. Growth of ethylene glycol as a base fluid for antifreeze/coolants is