Middle East & Africa Antifreeze Market Forecast to 2028

Report Code : TIPRE00020092 | Region : LAMEA | Industry : Chemicals and Materials | Published Date : 25/Nov/2022
Middle East & Africa Antifreeze Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Coolant Type (Ethylene Glycol, Propylene Glycol, and Glycerin and Others), Technology (Inorganic Additive Technology, Organic Acid Technology, and Hybrid Organic Acid Technology and Others), Application (Automobiles, Industrial Heating/Cooling, Energy, and Manufacturing and Others), and Distribution Channel [Original Equipment Manufacturers (OEMs), Aftermarket, and Retail and Others]

The MEA antifreeze market is expected to grow from US$ 275.54 million in 2022 to US$ 362.46 million by 2028. It is estimated to grow at a CAGR of 4.7% from 2022 to 2028.

Environment-Friendly and Bio-Based Antifreeze

Bio-based antifreeze is formed with biodegradable and renewable base stocks. Being biodegradable, it is mostly used in end-use industries such as automotive, industrial heating, and manufacturing. Bio-based antifreeze is produced from renewable and sustainable substitutes of raw materials compared to conventional chemical-based antifreeze. Bio-based antifreeze also helps reduce carbon footprint. Further, bio-based antifreeze provides better lubrication and has superior viscosity performance. It also provides good thin film strength, low volatility, and high flash point. Bio-based antifreeze always has a high degree of lubricity to reduce friction when used in construction equipment or the automotive industry. This reduced friction results in lower cutting forces, less heat generation during metalworking, and faster tool feed. Reduced friction reduces wear and extends the life of grinding wheels and cutting tools. In addition to the above factors, bio-based antifreeze lubrications have a much higher flash point than oils, resulting in higher feed rates and lower smoke, and less smoky metal cutting environments. These oils also have a more polar attraction to metals than petroleum-based fluids, which are nonpolar to metals. The polarity of the bio-based antifreeze lubricant provides more effective thin film protection and metal affinity for the cutting tool equipment. Prominent and well-established market players are launching innovative bio-based antifreeze products. They are launching innovative and environment-friendly liquid coolants, such as biodegradable coolants and natural antifreeze, providing performance advantages, low viscosity, and high corrosion protection. Furthermore, companies are constantly testing new-coolant technologies that are less costly than conventional propylene glycol and can improve the working environment for operators. All these factors are creating lucrative opportunities for bio-based and environment-friendly antifreeze coolants.

Market Overview

Theme antifreeze market is segmented into South Africa, Saudi Arabia, the UAE, Kuwait, and the Rest of MEA. The growing automotive sales in South Africa and Saudi Arabia are creating a significant demand for antifreeze. Further, Gulf countries are stepping up the transition to renewable energy by launching ambitious infrastructure projects designed to help them reduce their reliance on oil and gas to meet domestic energy needs. To meet net-zero targets, Gulf states are diversifying their economies into solar energy production. Saudi Arabia is also focusing on various projects to expand its total solar energy capacity. This is creating a demand for antifreeze, as it is used in solar water heating systems as a heat transfer fluid.

MEA Antifreeze Market Revenue and Forecast to 2028 (US$ Million)

MEA Antifreeze Market Segmentation

The MEA antifreeze market is segmented based on coolant type, technology, application, distribution channel, and country.

Based on coolant type, the MEA antifreeze market is segmented into ethylene glycol, propylene glycol, and glycerin and others. The ethylene glycol segment held the largest market share in 2022. Based on technology, the MEA antifreeze market is segmented into inorganic additive technology, organic acid technology, and hybrid organic acid technology and others. The organic acid technology segment held the largest market share in 2022. Based on application, the MEA antifreeze market is segmented into automobiles, industrial heating/cooling, energy, and manufacturing and others. The automobiles segment held the largest market share in 2022. Based on distribution channel, the MEA antifreeze market is segmented into original equipment manufacturers (OEMs), aftermarket, and retail and others. The aftermarket segment held the largest market share in 2022. Based on country, the MEA antifreeze market has been categorized into the UAE, Saudi Arabia, South Africa, and rest of MEA. Our regional analysis states that South Africa dominated the market share in 2022. BASF SE, Chevron Corporation, Dow Inc., Exxon Mobil Corporation, Old World Industries, Prestone Products Corporation, Shell plc, Valvoline LLC, and Wacker Chemie AG are the leading companies operating in the MEA antifreeze market.

The List of Companies - Middle East & Africa Antifreeze Market

● BASF SE

● Chevron Corporation

● Dow Inc.

● Exxon Mobil Corporation

● Old World Industries  

● Prestone Products Corporation    

● Shell plc    

● Valvoline LLC

● Wacker Chemie AG

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 MEA Antifreeze Market, by Coolant Type

1.3.2 MEA Antifreeze Market, by Technology

1.3.3 MEA Antifreeze Market, by Application

1.3.4 MEA Antifreeze Market, by Distribution Channel

1.3.5 MEA Antifreeze Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. MEA Antifreeze Market Landscape

4.1 Market Overview

4.2 Porter's Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. MEA Antifreeze Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Vehicle Production and Aftermarket for Antifreeze and Engine Coolants

5.1.2 Growing Construction Activities and Sales of Construction Equipment

5.2 Market Restraints

5.2.1 Volatility in Raw Material Prices

5.3 Market Opportunities

5.3.1 Environment-Friendly and Bio-Based Antifreeze

5.4 Future Trends

5.4.1 Investment in R&D and Initiatives by Market Players

5.5 Impact Analysis

6. Antifreeze Market – MEA Analysis

6.1 MEA Antifreeze Market –Volume and Forecast to 2028 (Million Gallons)

6.2 MEA Antifreeze Market –Revenue and Forecast to 2028 (US$ Million)

7. MEA Antifreeze Market Analysis – By Coolant Type

7.1 Overview

7.2 MEA Antifreeze Market, By Coolant Type (2021 and 2028)

7.3 Ethylene Glycol

7.3.1 Overview

7.3.2 Ethylene Glycol: Antifreeze Market – Volume and Forecast to 2028 (Million Gallons)

7.3.3 Ethylene Glycol: Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Propylene Glycol

7.4.1 Overview

7.4.2 Propylene Glycol: Antifreeze Market – Volume and Forecast to 2028 (Million Gallons)

7.4.3 Propylene Glycol: Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Glycerin and Others

7.5.1 Overview

7.5.2 Glycerin and Others: Antifreeze Market – Volume and Forecast to 2028 (Million Gallons)

7.5.3 Glycerin and Others: Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

8. MEA Antifreeze Market Analysis – By Technology

8.1 Overview

8.2 MEA Antifreeze Market, By Technology (2021 and 2028)

8.3 Inorganic Additive Technology

8.3.1 Overview

8.3.2 Inorganic Additive Technology: Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Organic Acid Technology

8.4.1 Overview

8.4.2 Organic Acid Technology: Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Hybrid Organic Acid Technology and Others

8.5.1 Overview

8.5.2 Hybrid Organic Acid Technology and Others: Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

9. MEA Antifreeze Market Analysis – By Application

9.1 Overview

9.2 MEA Antifreeze Market, By Application (2021 and 2028)

9.3 Automobiles

9.3.1 Overview

9.3.2 Automobiles: Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Industrial Heating/Cooling

9.4.1 Overview

9.4.2 Industrial Heating/Cooling: Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Energy

9.5.1 Overview

9.5.2 Energy: Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Manufacturing and Others

9.6.1 Overview

9.6.2 Manufacturing and Others: Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

10. MEA Antifreeze Market Analysis – By Distribution Channel

10.1 Overview

10.2 MEA Antifreeze Market, By Distribution Channel (2021 and 2028)

10.3 Original Equipment Manufacturers (OEMs)

10.3.1 Overview

10.3.2 Original Equipment Manufacturers (OEMs): Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Aftermarket

10.4.1 Overview

10.4.2 Aftermarket: Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

10.5 Retail and Others

10.5.1 Overview

10.5.2 Retail and Others: Antifreeze Market – Revenue and Forecast to 2028 (US$ Million)

11. MEA Antifreeze Market – Country Analysis

11.1 Overview

11.1.1 MEA: Antifreeze Market, by Key Country

11.1.1.1 South Africa: Antifreeze Market –Volume and Forecast to 2028 (Million Gallons)

11.1.1.2 South Africa: Antifreeze Market –Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1 South Africa: Antifreeze Market, By Coolant Type

11.1.1.2.2 South Africa: Antifreeze Market, By Coolant Type

11.1.1.2.3 South Africa: Antifreeze Market, by Technology

11.1.1.2.4 South Africa: Antifreeze Market, by Application

11.1.1.2.5 South Africa: Antifreeze Market, by Distribution Channel

11.1.1.3 Saudi Arabia: Antifreeze Market –Volume and Forecast to 2028 (Million Gallons)

11.1.1.4 Saudi Arabia: Antifreeze Market –Revenue and Forecast to 2028 (US$ Million)

11.1.1.4.1 Saudi Arabia: Antifreeze Market, By Coolant Type

11.1.1.4.2 Saudi Arabia: Antifreeze Market, By Coolant Type

11.1.1.4.3 Saudi Arabia: Antifreeze Market, by Technology

11.1.1.4.4 Saudi Arabia: Antifreeze Market, by Application

11.1.1.4.5 Saudi Arabia: Antifreeze Market, by Distribution Channel

11.1.1.5 UAE: Antifreeze Market –Volume and Forecast to 2028 (Million Gallons)

11.1.1.6 UAE: Antifreeze Market –Revenue and Forecast to 2028 (US$ Million)

11.1.1.6.1 UAE: Antifreeze Market, By Coolant Type

11.1.1.6.2 UAE: Antifreeze Market, By Coolant Type

11.1.1.6.3 UAE: Antifreeze Market, by Technology

11.1.1.6.4 UAE: Antifreeze Market, by Application

11.1.1.6.5 UAE: Antifreeze Market, by Distribution Channel

11.1.1.7 Rest of MEA: Antifreeze Market –Volume and Forecast to 2028 (Million Gallons)

11.1.1.8 Rest of MEA: Antifreeze Market –Revenue and Forecast to 2028 (US$ Million)

11.1.1.8.1 Rest of MEA: Antifreeze Market, By Coolant Type

11.1.1.8.2 Rest of MEA: Antifreeze Market, By Coolant Type

11.1.1.8.3 Rest of MEA: Antifreeze Market, by Technology

11.1.1.8.4 Rest of MEA: Antifreeze Market, by Application

11.1.1.8.5 Rest of MEA: Antifreeze Market, by Distribution Channel

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

13. Company Profiles

13.1 Wacker Chemie AG

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 BASF SE

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Chevron Corporation

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Dow Inc.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Exxon Mobil Corporation

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Old World Industries

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Prestone Products Corporation

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Valvoline LLC

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Shell plc

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary of Terms

LIST OF TABLES.

Table 1. MEA Antifreeze Market –Volume and Forecast to 2028 (Million Gallons)

Table 2. MEA Antifreeze Market –Revenue and Forecast to 2028 (US$ Million)

Table 3. South Africa Antifreeze Market, By Coolant Type –Volume and Forecast to 2028 (Million Gallons)

Table 4. South Africa Antifreeze Market, By Coolant Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. South Africa Antifreeze Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 6. South Africa Antifreeze Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 7. South Africa Antifreeze Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 8. Saudi Arabia Antifreeze Market, By Coolant Type – Volume and Forecast to 2028 (Million Gallons)

Table 9. Saudi Arabia Antifreeze Market, By Coolant Type – Revenue and Forecast to 2028 (US$ Million)

Table 10. Saudi Arabia Antifreeze Market, by Technology– Revenue and Forecast to 2028 (US$ Million)

Table 11. Saudi Arabia Antifreeze Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12. Saudi Arabia Antifreeze Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 13. UAE Antifreeze Market, By Coolant Type –Volume and Forecast to 2028 (Million Gallons)

Table 14. UAE Antifreeze Market, By Coolant Type – Revenue and Forecast to 2028 (US$ Million)

Table 15. UAE Antifreeze Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 16. UAE Antifreeze Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 17. UAE Antifreeze Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of MEA Antifreeze Market, By Coolant Type –Volume and Forecast to 2028 (Million Gallons)

Table 19. Rest of MEA Antifreeze Market, By Coolant Type – Revenue and Forecast to 2028 (US$ Million)

Table 20. Rest of MEA Antifreeze Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 21. Rest of MEA Antifreeze Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 22. Rest of MEA Antifreeze Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 23. Glossary of Terms

The List of Companies - Middle East & Africa Antifreeze Market

● BASF SE

● Chevron Corporation

● Dow Inc.

● Exxon Mobil Corporation

● Old World Industries  

● Prestone Products Corporation    

● Shell plc    

● Valvoline LLC

● Wacker Chemie AG

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA antifreeze market.

● Highlights key business priorities to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the MEA antifreeze market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the antifreeze market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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