Automotive Antifreeze Market Share, Size, Key players Analysis and Forecast 2022-27
The latest research study " Automotive Antifreeze Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 " by IMARC Group, finds that the global automotive antifreeze market reached US$ 3.75 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2027, exhibiting a growth rate ( CAGR) of 5.30% during 2022-2027. Automotive antifreeze refers to specialized colored liquids that are utilized as an additive along with water to optimize the temperature of the internal combustion engine (ICE). They are available in numerous types, including ethylene glycol, glycerin, propylene glycol, etc. These automotive antifreeze variants are produced through inorganic additive technology (IAT), organic acid technology (OAT), and hybrid organic acid technology (HOAT). They are extensively used to regulate the engine temperature during extreme weather conditions and protect it from corrosion, explosions, severe damage, and ov