Global Automotive Antifreeze Market to Exceed US$ 463.4 Mn by 2022

Free Press Release DB | Press Release Date : Aug 10, 2017  Download

The report begins with a concise summary of the global automotive antifreeze market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. 

Fact.MR, a fast-growing market research firm, announces the launch of its new report on the global automotive antifreeze market. Increasing sales of cars, especially in China and India will augur well for the growth of the global antifreeze market. Increasing vehicle production in North America and Europe will offer growth opportunities for the market. Manufacturers are focusing on introduction of more environment-friendly automotive antifreeze with propylene glycol, which is a less-toxic compound prepared from propene. FactMR’s report offers detailed analysis about the global automotive antifreeze market for the forecast period 2017 to 2022.

The global automotive antifreeze market is projected to register 5.2% CAGR through 2022. Growth of the market is influenced by a number of macroeconomic factors, which include stable recovery in global economy, increasing disposable income of middle class, and relatively stable end-user sentiment. Expanding automotive aftermarket, and rising awareness among consumers about engine efficiency and automobile maintenance are expected to drive demand for automotive antifreeze across the globe. Rising component costs and fluctuation will create challenges for manufacturers during the forecast period. Fluctuating input costs are expected to impact the profitability of suppliers. Soaring demand for fuel-efficient vehicles is estimated to be another imperative factor to fuel growth of the market. Global sales of automotive antifreeze will account for revenues worth US$ 359.1 Mn in 2017, and is further estimated to reach US$ 463.4 Mn by 2022-end.

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