Growing necessity for automotive protection from adverse climatic conditions through coolants can stimulate demand for antifreeze. Such coolants can prevent automotive engines from freezing under low temperatures and corrosion.
Advanced OAT Technology to Promote Antifreeze
Major technology variants of antifreeze market are Organic acid technology (OAT), Inorganic Acid Technology Antifreeze (IAT), and Hybrid Organic Acid Technology (HOAT). In the coming years, OAT is expected to witness maximum growth owing to availability of decomposable and eco-friendly inorganic salts and acids. In addition, extended drain interval of OAT is likely to increase demand for antifreeze advanced on advanced OAT technology.
For instance, Exol based in United Kingdom recently announced a new range of lubricants for heavy duty and passenger vehicles. The new range includes Antifreeze SOAT (Lilac), Antifreeze OAT (Red) and Antifreeze OAT Universal (Clear), Antifreeze HD (Green), and Antifreeze HDX (Blue). This entire range is based on advanced OAT inhibitor technology attributed to high demand for advanced cooling systems in vehicles. In addition, the coolants are expected to contain additives to protect vehicles from challenging conditions around the year.
The global antifreeze market is likely to value USD 8.76 billion by 2025, according to a report by Grand View Research, Inc. High demand for passenger cars and lightweight commercial vehicles are likely to impel growth of the market in the coming years. Reducing size of automobile engines due to increasing adoption of nanotechnology can drive growth of the market. Growing necessity for protecting automotive from adverse climatic conditions using advanced coolants can fuel market growth. Rising concerns towards automotive engines and protecting radiators from overheating, freezing, and corrosion can fuel market growth. Improving living standard owing to rising disposable income is likely to stimulate market growth during the forecast period (2017 to 2025).
Some of the prominent companies operating in the market for Exxon Mobil, Chevron, BP PLC, Royal Dutch Shell, and BASF SE.
In-Depth Research Report On Antifreeze Market:
https://www.grandviewresearch.com/industry-analysis/antifreeze-market
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