Europe and Middle East & Africa Ethylene Glycol Antifreeze Market

The Europe and Middle East & Africa ethylene glycol antifreeze market is expected to grow from US$ 974.67 million in 2022 to US$ 1,342.73 million by 2028. It is expected to grow at a CAGR of 5.5% from 2022 to 2028.

Market Introduction

Ethylene glycol antifreeze agents are popular refrigerants due to their excellent heat transfer characteristics, such as low dynamic viscosity and higher thermal conductivity. These agents are made of ethylene glycol, water, and additives.

Ethylene glycol antifreeze is used In combination with water in internal combustion engines and other applications such as solar water heaters and HVAC chillers. It can also be used as an anticorrosion and anticavitation liquid to protect the hydraulic circuit system.

The increasing demand for high-tech additive components in the development of automotive in Germany, the Netherlands, the UK, and the UAE is mainly driving the Europe and Middle East & Africa ethylene glycol antifreeze market. In addition, the growing popularity of eco-friendly refrigerants and antifreeze among automotive manufacturing companies is likely to offer growth opportunities to the ethylene glycol antifreeze market. Ethylene glycol antifreeze is mainly used in aircraft deicers to maintain the functioning of aircraft engines. Therefore, the development of aircraft and airline facilities is expected to offer lucrative market growth opportunities in Europe and the Middle East & Africa. 

Europe and Middle East & Africa Ethylene Glycol Antifreeze Market Share, by Source, 2021 vs. 2028

Key players in the ethylene glycol antifreeze market are investing in R&D to expand their product portfolio and attain a competitive edge. New product developments, strategic alliances, and product landscape enhancement are among the key initiatives. For instance, in August 2022, Valvoline introduced a glycol-based full-antifreeze coolant—Valvoline Advanced Coolant—for cars and commercial vehicles. It is developed using Organic Acid Technology (OAT) that provides up to five years of service life. 

Key Market Segments

Based on technology, the Europe and Middle East & Africa ethylene glycol antifreeze market is segmented into inorganic additive technology and organic acid technology & hybrid organic acid technology. In 2021, the organic acid technology & hybrid organic acid technology segment accounted for a larger market share, and it is expected to register a higher CAGR during the forecast period. In terms of application, the Europe and Middle East & Africa ethylene glycol antifreeze market is segmented into automobiles, industrial heating/cooling, energy, and manufacturing & others. In 2021, the automobiles segment dominated the market and is also expected to record the highest CAGR in the Europe and Middle East & Africa ethylene glycol antifreeze market during the forecast period. Based on distribution channel, the market is segmented into original equipment manufacturers (OEM), aftermarkets, and retail & others.

Major Sources and Companies:

Primary and secondary sources referred to while preparing this report on the Europe and Middle East & Africa ethylene glycol antifreeze market include paid databases (Factiva), publications, hoovers, investor presentations, newsletters, sec archives, annual reports, and other information available in the public domain. Major companies listed in the report include Wacker Chemie AG; BASF AG; Chevron Corporation; Dow, Inc.; EXXON MOBIL CORPORATION; CCI Corporation; Old World Industries; Prestone Products Corporation; Valvoline LLC.; and Shell Plc.

Reasons to Buy Report

• Progressive trends in the ethylene glycol antifreeze industry to help players develop effective long-term strategies
• Business growth strategies adopted by companies to secure growth in developed and developing markets
• Quantitative analysis of the Europe and Middle East & Africa ethylene glycol antifreeze market from 2019 to 2028
• Estimation of the demand for ethylene glycol antifreeze
• Porter’s analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
• Recent developments to understand the competitive market scenario and the demand for the ethylene glycol antifreeze
• Market trends and outlook and factors driving and restraining the Europe and Middle East & Africa ethylene glycol antifreeze market growth
• Understanding the strategies that underpin commercial interest with regard to the Europe and Middle East & Africa ethylene glycol antifreeze market growth, aiding in the decision-making process
• The Europe and Middle East & Africa ethylene glycol antifreeze market size at various nodes of market
• Detailed overview and segmentation of the Europe and Middle East & Africa ethylene glycol antifreeze market and its industry dynamics
• The Europe and Middle East & Africa ethylene glycol antifreeze market size in various regions with promising growth opportunities

Europe and Middle East & Africa Ethylene Glycol Antifreeze Market Strategic Insights

Europe and Middle East & Africa Ethylene Glycol Antifreeze Market Segmentation Analysis

Europe and Middle East & Africa Ethylene Glycol Antifreeze Market Report Highlights

Europe and Middle East & Africa Ethylene Glycol Antifreeze Report Scope

Europe and Middle East & Africa Ethylene Glycol Antifreeze Market Country and Regional Insights