Antifreeze Market Segmentation:
Type Segment Analysis
The ethylene glycol segment is predicted to account for 56% share of the global 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 Segment Analysis
The passenger cars segment in the antifreeze market is expected to hold 57% of the revenue share by 2035. 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 antifreeze market includes the following segments:
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