Global Auto Antifreeze Market Projected To Reach 960 $Million By 2020 At A CAGR Of 7.3%

Date: 2016-09-11

The technological advancements in automotive industry has led to the development of high-powered, fuel-efficient, and less polluting vehicles, and along worldwide automobile production exceed 90 million in 2015, and expect 93 million automobiles will be produced in 2016; some 68.56 million cars were produced worldwide and about 22.12 million such vehicles were produced globally in 2015.

The increasing production of vehicles and high powered vehicles drive the demand for the Auto Antifreeze, as researched, the global Automotive Antifreeze market is projected to grow at the CAGR of 7.3% from 2016 to 2020 to reach 960 $Million by 2020.

In terms of geographic, 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 OAT additives refers to the Organic Acid Technology, which consider widely as the next lucrative market, and Auto Antifreeze is one of the product in this field.

An antifreeze is an additive which lowers the freezing point of a water-based liquid. An antifreeze mixture is used to achieve freezing-point depression for cold environments and also achieves boiling-point elevation (“anti-boil”) to allow higher coolant temperature. Freezing and boiling points are colligative properties of a solution, which depend on the concentration of the dissolved substance. Because water has good properties as a coolant, water plus antifreeze is used in internal combustion engines and other heat transfer applications, such as HVAC chillers and solar water heaters. The purpose of antifreeze is to prevent a rigid enclosure from bursting due to expansion when water freezes.

Auto Antifreeze market share by region as following:


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Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 001-510-400-8520

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