What is Antifreeze Agents?
Antifreeze agents are the additives when added to a water-based fluid reduces the freezing point of the mixture. These agents are used in mechanical equipment in environments below the freezing point to prevent the freezing of heat transfer fluids. It also used in cementing jobs to allow the operation below the freezing point. The factors such as High Demand for Automotive Applications and the Rise in the Use of Non-conventional Applications such as Heat Transfer Agents and Coolants in Geothermal Pumps and Conditioning Systems are the key drivers for the global Antifreeze Agents Market. However, the High Cost of Raw Materials and Increasing Focus Toward Electric Vehicles may hamper the market growth.
The market study is broken down by Type (Propylene glycol, Glycerin, Ethylene glycol, Calcium chloride and Others), by Application (Automotive and transportation, Oil and gas, Electrical and electronics and Machinery) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that Vendors from United States will contribute to the maximum growth of Global Antifreeze Agents market throughout the predicted period.
Continental Chemical USA (United States), Royal Dutch Shell plc (Netherlands), KOST USA, Inc. (United States), BP plc (United Kingdom), Sinopec Corporation China Petroleum & Chemical Corporation (China), Mapei S.p.A. (Italy), Mitan Mineralöl GmbH (Germany), Chevron Corporation (United States), Fuchs Petrolub SE (Germany), Valvoline Inc. (United States) and BASF SE (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Exxon Mobil Corporation (United States) and Lukoil (Russia).
AdvanceMarketAnalytics has segmented the market of Global Antifreeze Agents market by Type, Application and Region.
On the basis of geography, the market of Antifreeze Agents has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic antifreeze agents will boost the Antifreeze Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In December 2020, H.I.G. Capital, a leading global alternative investment firm has announced that its portfolio company, Recochem, a global leader in manufacturing, marketing, and distributing automotive aftermarket and household fluids, has acquired KOST USA Inc.
- Increased Research and Development Activities
- High Demand for Automotive Applications
- Rise in the Use of Non-conventional Applications such as Heat Transfer Agents and Coolants in Geothermal Pumps and Conditioning Systems
- Growth in the Oil and Gas Industry
- Growing Demand from Asian Market
- High Cost of Raw Materials
- Increasing Focus Toward Electric Vehicles
Key Target AudienceAntifreeze Agents Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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