Summary

The North America antifreeze and coolants market is poised for significant growth, driven by a myriad of applications in end-use industries and continuous technological advancements. The rapid development within the automotive sector, spurred by increasing vehicle numbers, emerging economies, and rising per capita income, has amplified the demand for advanced antifreeze and coolants. This demand is further bolstered by strategic pricing policies and effective information campaigns, which are expected to elevate the procurement rates and expand the market size throughout the projected period.

Rising Per Capita Spending on Automotive Care Boosts Market Growth

An increase in disposable income has led consumers to invest more in automotive maintenance services. This trend is particularly pronounced in regions with harsh winter climates, where regular vehicle maintenance is crucial. As consumers become more aware of the importance of car care services, the demand for antifreeze and coolants in the aftermarket is expected to rise significantly. Automotive service providers are capitalizing on this trend by offering comprehensive maintenance packages, including lubricants and antifreeze services, thereby driving revenue and contributing to market growth.

Industrial Expansion Creates New Opportunities

The North America antifreeze and coolants market is benefiting from robust growth across various industrial sectors, including manufacturing, mining, construction, utilities, and oil & gas. As these industries expand, the demand for engine coolants is anticipated to increase. Companies are seizing this opportunity to enter the market, aiming to leverage the rising demand and extend their geographic presence. The surge in infrastructure investments is expected to further fuel the need for construction-related machinery, thereby boosting sales of antifreeze and coolants. To meet diverse industry needs, manufacturers are focusing on developing products that comply with global safety standards and offer specific coolant properties suitable for various engine models.

Long-term Agreements: A Strategic Advantage for Market Players

Manufacturers of antifreeze and coolants are increasingly entering long-term agreements with OEMs and authorized service centers. These partnerships, while often low-margin due to royalty and margin sharing, are essential for maintaining goodwill and consumer trust in the aftermarket. Such agreements also involve branding partnerships, resulting in genuine and co-branded coolants. Additionally, local distributors are focusing on signing long-term contracts with service centers to enhance product visibility and popularity. Service providers are offering package deals for car maintenance, which are becoming popular among consumers who prefer comprehensive and cost-effective solutions.

Strategic Collaborations and Acquisitions

The fragmented nature of the North America antifreeze and coolants market means that many players are limited to specific regions. However, leading companies are pursuing mergers, acquisitions, and collaborations to penetrate the market more effectively and increase their market presence. These strategies help companies meet high volume requirements, which are often challenged by high material costs, long production cycles, and regulatory compliance. By integrating vertically within the value chain, manufacturers and suppliers can streamline operations and enhance efficiency.

Focus on Product Development and Innovation

Ongoing developments in the supply chain have led to the creation of diverse antifreeze and coolant products tailored to meet specific consumer needs. Manufacturers are investing in research and development to produce coolants that protect metal surfaces from corrosion, function efficiently under extreme temperatures, and are available in flexible packaging options. This innovation drive is creating a competitive market environment, encouraging regional expansions and the provision of varied services. Such advancements are expected to sustain steady growth in the North America antifreeze and coolants market.

Market Overview and Competitive Analysis

The North America antifreeze and coolants market is moderately consolidated, with a few tier-1 players holding a significant share. Key participants include Old World Industries, BASF, Exxon Mobil, Valvoline, Total S.A., and Chevron. These companies are actively engaged in expanding their market presence through various strategies, including product innovation, strategic partnerships, and geographic expansion.

Impact of COVID-19

The automotive industry, a major consumer of antifreeze and coolants, faced significant disruptions due to the COVID-19 pandemic. Supply chain interruptions and production halts negatively impacted market dynamics. Automotive sales experienced a notable decline, directly affecting OEM sales of antifreeze and coolants. Additionally, decreased demand from the aerospace, electronics, and industrial segments further exacerbated the situation. However, as the situation stabilizes post-pandemic, the market is expected to recover, driven by a resurgence in aftermarket and OEM sales.

Analyst Insights

The growth trajectory of the North America antifreeze and coolants market is primarily driven by the increasing necessity for thermal management and performance enhancement in various applications. The market has experienced substantial growth in recent years, and this trend is expected to continue due to supportive factors such as technological advancements, rising per capita income, and expanding industrial activities.

Key Market Segments

The North America antifreeze and coolants market can be segmented based on application, type, sales channel, and geography.

Application Segments:

• Automobiles (Passenger Cars, LCVs, HCVs)

• Industrial (Aerospace, Electronics Industries)

Type Segments:

• Ethylene Glycol

• Polypropylene Glycol

• Others (Methanol and Glycerol)

Sales Channel Segments:

• OEM

• Aftermarket

Geographical Segments:

• United States

• Canada

• Mexico

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Table of Contents

1. Executive Summary
1.1. North America Antifreeze and Coolants Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Production Output and Trade Statistics, 2019 - 2023
3.1. North America Antifreeze and Coolants Production Output, Value (US$ Bn) and Volume (Tons), 2019 - 2023
4. Price Analysis, 2023
4.1. North America Average Price Analysis, by Product, US$ Per Ton, 2023
4.2. Prominent Factor Affecting Antifreeze and Coolants Prices
4.3. North America Average Price Analysis, US$ Per Ton, 2023
5. North America Antifreeze and Coolants Market Outlook, 2019 - 2031
5.1. North America Antifreeze and Coolants Market Outlook, By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.1.1. Key Highlights
5.1.1.1. Automobiles
5.1.1.1.1. Light Commercial Vehicles
5.1.1.1.2. Heavy Commercial Vehicles
5.1.1.1.3. Passenger Cars
5.1.1.2. Industrial
5.1.1.3. Aerospace
5.1.1.4. Electronic Industries
5.2. North America Antifreeze and Coolants Market Outlook, By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.2.1. Key Highlights
5.2.1.1. Ethylene Glycol
5.2.1.2. Polypropylene Glycol
5.2.1.3. Others
5.3. North America Antifreeze and Coolants Market Outlook, By Sales Channel, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.3.1. Key Highlights
5.3.1.1. OEMs
5.3.1.2. Aftermarket
5.4. North America Antifreeze and Coolants Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2019 - 2031
5.4.1. Key Highlights
5.4.1.1. U.S.
5.4.1.2. Canada
6. U.S. Antifreeze and Coolants Market Outlook, 2019 - 2031
6.1. U.S. Antifreeze and Coolants Market Outlook, By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.1.1. Key Highlights
6.1.1.1. Automobiles
6.1.1.1.1. Light Commercial Vehicles
6.1.1.1.2. Heavy Commercial Vehicles
6.1.1.1.3. Passenger Cars
6.1.1.2. Industrial
6.1.1.3. Aerospace
6.1.1.4. Electronic Industries
6.2. U.S. Antifreeze and Coolants Market Outlook, By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.2.1. Key Highlights
6.2.1.1. Ethylene Glycol
6.2.1.2. Polypropylene Glycol
6.2.1.3. Others
6.3. U.S. Antifreeze and Coolants Market Outlook, By Sales Channel, Value (US$ Bn) and Volume (Tons), 2019 - 2031
6.3.1. Key Highlights
6.3.1.1. OEMs
6.3.1.2. Aftermarket
7. Canada Antifreeze and Coolants Market Outlook, 2019 - 2031
7.1. Canada Antifreeze and Coolants Market Outlook, By Application, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.1.1. Key Highlights
7.1.1.1. Automobiles
7.1.1.1.1. Light Commercial Vehicles
7.1.1.1.2. Heavy Commercial Vehicles
7.1.1.1.3. Passenger Cars
7.1.1.2. Industrial
7.1.1.3. Aerospace
7.1.1.4. Electronic Industries
7.2. Canada Antifreeze and Coolants Market Outlook, By Type, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.2.1. Key Highlights
7.2.1.1. Ethylene Glycol
7.2.1.2. Polypropylene Glycol
7.2.1.3. Others
7.3. Canada Antifreeze and Coolants Market Outlook, By Sales Channel, Value (US$ Bn) and Volume (Tons), 2019 - 2031
7.3.1. Key Highlights
7.3.1.1. OEMs
7.3.1.2. Aftermarket
8. Competitive Landscape
8.1. Company Market Share Analysis, 2023
8.2. Competitive Dashboard
8.3. Company Profiles
8.3.1. BASF SE
8.3.1.1. Company Overview
8.3.1.2. Product Portfolio
8.3.1.3. Financial Overview
8.3.1.4. Business Strategies and Development
8.3.2. Cummins Inc.
8.3.2.1. Company Overview
8.3.2.2. Product Portfolio
8.3.2.3. Financial Overview
8.3.2.4. Business Strategies and Development
8.3.3. Exxon Mobil Corporation
8.3.3.1. Company Overview
8.3.3.2. Product Portfolio
8.3.3.3. Financial Overview
8.3.3.4. Business Strategies and Development
8.3.4. Royal Dutch Shell
8.3.4.1. Company Overview
8.3.4.2. Product Portfolio
8.3.4.3. Financial Overview
8.3.4.4. Business Strategies and Development
8.3.5. Valvoline, Inc.
8.3.5.1. Company Overview
8.3.5.2. Product Portfolio
8.3.5.3. Financial Overview
8.3.5.4. Business Strategies and Development
8.3.6. Chevron Corporation
8.3.6.1. Company Overview
8.3.6.2. Product Portfolio
8.3.6.3. Financial Overview
8.3.6.4. Business Strategies and Development
8.3.7. Preston Products Corporation
8.3.7.1. Company Overview
8.3.7.2. Product Portfolio
8.3.7.3. Financial Overview
8.3.7.4. Business Strategies and Development
8.3.8. Total SA
8.3.8.1. Company Overview
8.3.8.2. Product Portfolio
8.3.8.3. Financial Overview
8.3.8.4. Business Strategies and Development
8.3.9. Quaker State
8.3.9.1. Company Overview
8.3.9.2. Product Portfolio
8.3.9.3. Financial Overview
8.3.9.4. Business Strategies and Development
8.3.10. Conoca Philips Company
8.3.10.1. Company Overview
8.3.10.2. Product Portfolio
8.3.10.3. Financial Overview
8.3.10.4. Business Strategies and Development
9. Appendix
9.1. Research Methodology
9.2. Report Assumptions
9.3. Acronyms and Abbreviations
List of Region/Countries