Fluids used for heat transfer from devices to prevent overheating are called coolants. Coolants flow around or through devices for the transfer of the heat produced by the device to outer environment for heat dissipation. Industrial coolants absorb heat from the machine or engine and dissipate it by means of a radiator or other devices. Industrial coolants are also known as antifreeze liquids, which are generally a mixture of propylene or ethylene glycol with water mixed in an equal ratio. Industrial coolants also keep the passenger compartment of a vehicle warm. Anti-freeze liquids offer same properties as industrial coolants. Anti-freeze mixtures are more resistant to extremely low and high temperature. These liquids are concentrated products based on glycol with some corrosion inhibitors and other additives. Anti-freeze liquids are diluted in different proportions with additives to make industrial coolants of different grades. These diluted anti-freeze liquids are usually called industrial coolants.

Key properties of industrial coolants include low viscosity, high thermal capacity, non-toxic, low-cost, and chemical inertness. An ideal industrial coolant should not cause corrosion to the cooling system and other engine/machine parts. Majority of industrial coolants are used in various industries such as automotive, oil & gas, power generation, and chemicals. Industrial coolants must control the machine/engine temperature in all weather conditions without freezing or overheating. Special additives are added to industrial coolants to prevent chemical deterioration and freezing. Industrial coolants use special anti-corrosive additives to prevent internal corrosion of engine/machine parts in the automotive industry.

Three types of industrial coolants are used around the globe: green anti-freeze coolants, oat anti-freeze coolants, and HOAT anti-freeze coolants. Green anti-freeze coolants are the most common type of industrial coolants used around the globe. These coolants consist of phosphate and silicate additives, which provide protection to bare iron surfaces and aluminum parts of the machinery. HOAT anti-freeze coolants stand for organic acid technology. These types of industrial coolants contain organic acids such as sebacate, 2-EHA, and other various organic acids. HOAT anti-freeze coolants do not contain phosphates or silicates as found in green anti-freeze coolants. HOAT anti-freeze industrial coolants stand for hybrid OAT industrial coolants. These types of industrial coolants comprise organic acids with silicates and phosphates to provide protection for aluminum and metallic surfaces of machinery and engines. Most HOAT industrial coolants are used by car manufacturers around the globe.

Rise in industrialization, emerging economies, and growth in the automotive aftermarket are expected to drive the industrial coolants market in the near future. Increase in usage of industrial coolants in industries such as automotive, power generation, chemicals, electronics, automobiles, and aerospace & defense is also anticipated to boost the market for industrial coolants around the globe. North America followed by Asia Pacific and Europe are the growing regions of the market in terms of consumption. The market for industrial coolants in Asia Pacific is estimated to expand at a rapid pace due to the rapid industrialization and expansion of economy in the region. Increase in cost of raw materials and growth in production of electric vehicles are major restraints of the industrial coolants market.

Kay players operating in the industrial coolants market are Huntsman Corporation, Exxon Mobil Corporation, Cummins Filtration, Chem Arrow Corporation, Houghton International Inc., The Dow Chemical Company, Commonwealth Oil Corporation Company, Total Oil, JTM Products Inc., W.S.Dodge Oil Co. Inc., and LUBRICANTS INDIA.

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

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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

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Below is a snapshot of these quadrants.

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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?

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Industrial Coolants Market

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