Antifreeze & Thawing Agents: Introduction

  • Antifreeze & thawing agents are chemical additives that are added to water-based fluid to reduce the freezing point of the mixture. In cold weather environment, ethylene glycol and propylene glycol are used as antifreeze agents in the radiator of the car.
  • Antifreeze & thawing agents develop heat transfer property on being mixed with water. This plays a major role in adoption of propylene glycol and ethylene glycol.
  • Antifreeze agents possess anti-corrosion properties and become viscous at low temperatures, or evaporate easily at the ordinary engine operating temperature
  • Based on product type, antifreeze agents can be segregated into propylene glycol, ethylene glycol, methanol, glycerin, and others

Key Drivers of Antifreeze & Thawing Agents Market

  •  Antifreeze agents are primarily used in the oil & gas industry. In the natural gas industry, pipelines are generally used under the sea where the temperature is extremely cold. Salt water can corrode and damage these pipelines. Propylene glycol and ethylene glycol have antifreeze and anti-corrosion properties, which enable the heat transfer process and prevent blockages from freezing temperatures, thereby providing safety to pipelines. Anti-freezing agents are used as de-watering agents to remove water vapor from gas pipelines and act as drying agents to stop the formation of hydrates in gas pipelines that transport natural gas from fields to processing facilities. Consumption of natural gas is estimated to increase in the near future due to increase in prices of petrol and diesel. This, in turn, is estimated to augment the sales of propylene glycol and ethylene glycol as antifreeze agents in the natural gas industry.
  • In the automotive industry, antifreeze agents are mixed with water in the cooling system of an internal-combustion engine so that it can be cooled down below the freezing point of water without icing. Ethylene glycol is used as a base to produce a liquid that is injected into the car’s engine to regulate and maintain an optimal operating temperature during extreme hot or cold weather conditions. Increase in demand for antifreeze agents in the automotive industry for de-icing and anti-icing materials is further projected to boost the global market in the next few years.

Covid-19 Impact on Antifreeze & Thawing Agents Market

  • The COVID-19 pandemic has had a major impact on end-use industries of antifreeze & thawing agents. Lockdown imposed by governments of various countries in the world to curb the spread of the Covid-19 pandemic has severely impacted the oil industry. Majority of consumption of antifreeze & thawing agents such as propylene glycol and ethylene glycol is generated from oil & natural gas and automotive industries. The oil & natural gas industry has been hampered due to sudden stoppage in consumption of petrol and natural gas. The U.S. Energy Information Administration (EIA) projects a drop in natural gas production from an all-time high of 92.21 billion cubic feet per day (bcfd) in 2019 to 89.24 bcfd in 2020 and 84.23 bcfd in 2021. It also estimates gas consumption to fall from a record 84.97 bcfd in 2019 to 82.35 bcfd in 2020 and 78.62 bcfd in 2021. However, as per the agency, consumption of liquid fuel has decreased of late. It is likely to rise in the latter half of 2020. This is anticipated to boost the sales of antifreeze and thawing agents in the second half of 2020 and in 2021.

North America to Hold Significant Share of Global Antifreeze & Thawing Agents Market

  • In terms of region, the global antifreeze & thawing agents market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Currently, North America and Europe are the major regions of the global market. The market in North America and Europe is expected to expand at a faster pace than that in other regions owing to growth in the oil & gas industry in these regions
  • Asia Pacific is another key consumer and producer of antifreeze agents. Increase in sales of commercial vehicles in Asia Pacific amidst the global automobile slowdown in 2019 indicates the immense potential of the automotive industry in the longer horizon.

Key Players Operating in Global Market

Key players operating in the global antifreeze & thawing agents market include:

  • BASF SE
  • Mitan Mineralöl GmbH
  • KOST USA, Inc.
  • BP
  • Chevron Corporation
  • FUCHS Petrolub AG
  • Valvoline LLC
  • Exxon Mobil Corporation
  • Lukoil Company

Global Antifreeze & Thawing Agents Market: Research Scope

Global Antifreeze & Thawing Agents Market, by Application

  • Oil & Gas
  • Automotive
  • Marine
  • Aerospace
  • Food & Beverages
  • Others

Global Antifreeze & Thawing Agents Market, by Type

  • Ethylene Glycol
  • Propylene Glycol
  • Glycerin
  • Methanol
  • Calcium Chloride
  • Others

Global Antifreeze & Thawing Agents Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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