The global Antifreeze Marketfor original equipment was valued at USD 687.5 million in 2016 and is projected to grow at a CAGR of 5.18% during the forecast period as per a report by MarketsandMarkets.
How environment-friendly and bio-based coolants and antifreeze will be a major opportunity?
The commonly used base fluid in coolants is ethylene glycol. It is a by-product of crude oil and is widely accepted, given its low manufacturing and refining costs. Ethylene glycol is toxic in nature and has resulted in several cases of animal poisoning. Reasons such as these have compelled manufacturers to explore other bio-based coolants that can be used as an alternative for ethylene glycol and would also contribute to environment protection. The next less toxic option is propylene glycol, which is being used today in various countries. Propylene glycol is labeled as “pet safe” and is comparatively safe to use than ethylene glycol. Both glycols are manufactured using natural gas, which is a nonrenewable resource. The engine coolant and antifreeze suppliers are working toward the use of bio-based resources to decrease the harmful effects of glycols on environment. For instance, DuPont Tate & Lyle Bio Products (U.S.) has a brand named Susterra, which is a bio-based glycol named 1, 3-Propanediol (PDO); this is completely manufactured using renewable and bio-based materials. This engine coolant and antifreeze is used in passenger cars and other light and heavy-duty vehicles. This bio-based, glycol-based coolant offers lower maintenance, prevention from early degradation, and increased replacement miles. Glycerol is also made from renewable resources and is environment friendly. Glycerol is a by-product of bio-diesel. Increase in biodiesel production since 2004 has led to an increase in the production of glycerol. Thus, the demand and supply of glycerin has increased, presenting an environment-friendly solution to the world.
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How engine downsizing will impact the demand for engine coolant and antifreeze?
With the rising demand for improved fuel economy and stringent emission regulations, the demand for downsized engine is increasing. With engine downsizing and the need for higher power, the heat generated in the system has increased. Removing excess heat with the help of engine coolant and antifreeze has become a challenge for the Tier-2, Tier-1 companies, and OEMs. For instance, BASF SE has developed an engine coolant—GLYSANTIN G64—for downsized engines. This coolant is specifically designed for high performance small size engine with tremendous heat flowing continuously. On the other hand, developments are going on in the field of nano fluid or nano coolant. Nano fluid is used as a coolant for smaller size engines and it provides better radiator positioning. Nano coolant has nano-scale particles suspended in carrier liquid and these coolants transfer heat efficiently with the help of advanced thermo physical properties.
Key Players:
The ecosystem of the Antifreeze Market for automotive industry consists of antifreeze manufacturers such as BP PLC (U.K.), Royal Dutch Shell PLC (Netherlands), Total (France), and Chevron Corporation (U.S.). Antifreeze is supplied to major OEMs in the automotive industry including Nissan (Japan), Ford Motor Company (U.S.), Honda (Japan), and others.
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