Glycol Antifreeze Market size is expected to reach USD 10 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of glycol antifreeze was USD 5 Billion. The primary reason behind the growth of the market is the increasing use of vehicles worldwide. To illustrate, rising fuel effectiveness standards are essential for cars and vans as even in the Net Zero Emissions by 2050 Outline, approximately 80% of cars and vans on the road in 2030 are still energized by inside combustion engines. Sales of weighty, less effective SUVs touched almost 46% of international sales in 2022, while electric vehicles were exactly 14% of sales. Continuously more countries are developing vehicle effectiveness standards and some are even placing zero-emission vehicle sales needs.
Another reason that will propel glycol antifreeze market in the forecast period is the increasing demand for coolant in services worldwide. For instance, the percentage of yearly vehicle fuel consumption utilized by MAC differentiates by country, averaging between 3% in colder climates and 20% in hotter climates. Nevertheless, over smaller timescales, MAC can peak at more than 40% in warm climates and congested traffic. For electric vehicles, MAC can limit driving range by around 50% on hot and humid days. Automotive air conditioning systems function under unstable loads to give passengers comfort under extensive outside temperature situations. Under medium operating situations, the temperature stratum in the air stream at the exit of the vaporizer is noticed, which might lead to passengers’ distress. The cause of this issue is the uneven supply of the vaporizer’s parallel channels with the cooling liquid phase from the two-phase amalgamation stream in the header.
Growth Driver
Challenges
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Base Year |
2023 |
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Forecast Year |
2036 |
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CAGR |
∼6% |
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Base Year Market Size (2023) |
~USD 5 Billion |
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Forecast Year Market Size (2036) |
~USD 10 Billion |
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Regional Scope |
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Type (Ethylene Glycol, Propylene Glycol, Diethylene Glycol)
The ethylene glycol segment is predicted to account for 56% share of the global glycol antifreeze market during the forecast period. This is attributed to the increasing implementation of ethylene glycol in deicing, prohibition of radiator overheating, security against radiator freezing, and hydraulic brakes are projected to push the market requirement. Additionally, rising implementation as a heat conductor in heating & cooling systems is possible to further fuel the market growth. The heat transfer capacity of graphene oxide/ deionized water-ethylene glycol nanofluids is tentatively examined in coolant applications for car radiators, in which the antifreeze flow rate is different from 180 to 420 (LPH) at a determined coolant temperature of 90 °C. The assessment of permanence is executed by implementing visual inspection and a zeta capacity test. The concentration of the nanofluid was decided by oscillating the U-Tube density meter. The maximized blend of 60% EG, 40% DW, and 0.1 wt% GO displayed higher heat conveyance of the radiator system utilized.
Vehicle Type (Passenger Cars, Low Commercial Vehicles, Heavy Commercial Vehicles, Construction Equipment)
The passenger cars segment in the glycol antifreeze market is expected to hold 57% of the revenue share by 2036. This supremacy will be encountered due to the increasing production and use of passenger cars across the world. Electric vehicles are the main technology to decarbonize road transport, a sector that contributes to more than 15% of international energy-associated emissions. Current years have noticed a numerical expansion in the sale of electric vehicles along with improved range, broader model attainability, and enhanced execution. Passenger electric cars are increasing in reputation – it is calculated that 18% of the latest cars sold in 2023 will be electric. If the growth noticed in the past two years is kept, CO2 emissions from cars can by 2030 be put on a pathway incorporated into the Net Zero Emissions by 2050 (NZE) Scenario. However, electric vehicles are not yet an international sensation. Sales in growing and appearing economies have been slow because of the comparatively high buy price of an electric vehicle and a shortage of charging infrastructure accessibility.
Our in-depth analysis of the global glycol antifreeze market includes the following segments:
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Type |
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Application |
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Additive Technology OE & Aftermarket |
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Distribution Channel |
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Vehicle Type |
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APAC Market Analysis
The glycol antifreeze market in the Asia Pacific region will have the highest growth by the end of 2036 and will hold a revenue share of around 47%. This expansion will be noticed due to the increasing production of electric vehicles in this region. Furthermore, China goes on to control the generation and sales of electric (and fuel cell) trucks and buses. In 2022, 54 000 latest electric buses and a calculated 52 000 electric medium- and heavy-duty trucks were marketed in China, showcasing 18% and 4% of complete sales in China and around 80% and 85% of international sales, individually. Additionally, a lot of the buses and trucks being marketed in Latin America, North America, and Europe are Chinese brands.
North American Market Statistics
The glycol antifreeze market in the North America region will also encounter massive growth and will hold second position in the global revenue share. This dominance will be noticed due to the existence of a well-settled automotive industry. Over and above, North America's automotive industry recently produced more than USD 500 billion in yearly sales and employs more than 1.7 million people, in line with the National Automobile Dealers Association (NADA). In terms of generation, North America stays a major player, with more than 17 million vehicles generated yearly.
Author Credits: Smruti Ranjan, Rajrani Baghel
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