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Automotive IAT Antifreeze Market: Introduction

  • Multiple types of automotive fluids are used to power, lubricate, cool, and perform other vital operations. Automotive antifreeze fluid, also called as coolant, provides protection to the engine from boiling, freezing, and corrosion.
  • Inorganic Additive Technology (IAT) antifreeze fluids, also called as green antifreeze, or coolants, are traditional antifreeze fluids that are being used in older vehicles. The IAT antifreeze is based on glycol of ethylene or propylene and includes different additives such as phosphate, borate, and silicate, which act as inhibitors.

Key Drivers of Automotive IAT Antifreeze Market

  • Rise in sale of passenger vehicles across globe owing to growing per capita income of populations is a major factor driving the demand for automotive parts, fluids, and sub-systems. According to statistics generated by the International Organization of Motor Vehicle Manufacturers, the sale of vehicles increased by around 6% in the last five years. This increasing sale of vehicles is propelling the demand for automotive antifreeze fluids. IAT antifreeze products are highly efficient in light duty engines. These fluids lay down a chemical layer over metallic surfaces to inhibit corrosion, which makes it important for proper functioning of vehicles. Thus, a rise in sale of vehicles worldwide is propelling the global automotive IAT antifreeze market.
  • Transportation and logistics activities are increasing across the globe due to growing globalization and cross-border trade activities. For instance, the European Union stated that road freight transport increased by 0.2% in 2018 and is further anticipated to increase by 33% by 2030. This rise in transportation activities leads to an increase in the number of miles traveled and carrying of higher loads, thus depleting automotive fluids and hampering the efficiency of vehicles. Furthermore, construction and infrastructure sectors are expanding at a rapid pace, which increases the usage of commercial vehicles. Hence, a rise in usage of commercial vehicles is fueling the automotive IAT antifreeze market across the globe.

Challenges in Automotive IAT Antifreeze Market

  • IAT antifreeze fluids have shorter life, which creates need for frequent replacement and hence, increases the cost of maintenance and repair activities. This shorter life of IAT antifreeze is compelling vehicle owners to opt for other alternatives with better life, thus restraining the global automotive IAT antifreeze market.

Impact of COVID-19 pandemic on Automotive IAT Antifreeze Market

  • The automotive industry and its supply chains were negatively impacted amidst the recent outbreak of COVID-19 pandemic. Government regulations enforced automakers to temporarily shut down their facilities in order to arrest the spread of coronavirus infection, thereby hampering the sale and production of vehicles, which in turn reduced the demand of IAT antifreeze. However, the automotive industry is anticipated to regain its momentum in the next few years, as companies are restarting their operations and governments have lifted restrictions and announced various relief packages. This, in turn, is projected to fuel the automotive IAT antifreeze market.

Automotive IAT Antifreeze Market in Asia Pacific to expand at a notable growth rate

  • The automotive IAT antifreeze market in Asia Pacific is anticipated to expand at a highest growth rate due to a rise in disposable income of people, which has increased the number of vehicle owners in the region. Moreover, growing industrialization has boosted the number of commercial vehicles operating in the region. These factors are anticipated to collectively drive the share held by Asia Pacific in the global automotive IAT antifreeze market during the forecast period.

Key Players Operating in Automotive IAT Antifreeze Market

The automotive IAT antifreeze market is highly concentrated due to the presence of top manufacturers. A few of the key players operating in the automotive IAT antifreeze market are:

  • Adolf Würth GmbH & Co. KG
  • Brad-Chem Ltd
  • PEAK
  • Prestone Products Corporation
  • Recochem Inc.
  • Total
  • Valvoline LLC
  • Wolf Lubricants

Global Automotive IAT Antifreeze Market: Research Scope

Global Automotive IAT Antifreeze Market, by Inhibitor

  • Silicate
  • Phosphate
  • Others

Global Automotive IAT Antifreeze Market, by Base

  • Ethylene Glycol
  • Propylene Glycol

Global Automotive IAT Antifreeze Market, by Vehicle

  • Two-wheeler
  • Passenger Vehicle
    • Hatchback
    • Sedan
    • SUV
  • Light Commercial Vehicle
  • Buses & Coaches
  • Trucks

Global Automotive IAT Antifreeze Market, by Sales Channel

  • OEM
  • Aftermarket

Global Automotive IAT Antifreeze Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Nordic Region
    • 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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Automotive Iat Antifreeze Market