North America Antifreeze Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type, Technology Type, and Application - ResearchAndMarkets.com
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April 20, 2021, 7:01 AM·4 min read
Ethylene Glycol Segment to Dominate North America Antifreeze Market during 2020-2027.
North America Antifreeze Market is expected to reach US$ 2,496.89 million by 2027 from US$ 1,609.15 million in 2019; it is estimated to grow at a CAGR of 5.8% from 2020 to 2027.
The report provides trends prevailing in the North America antifreeze market, and the drivers and restraints pertaining to the market growth. The upsurge in the demand for high performance vehicles as well as the rising use of antifreeze in non-automotive applications is driving the market. However, due to harmful environmental effects and fluctuating raw material prices will hinder the growth of the market in developing countries in North America.
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According to this report the global antifreeze market was valued at US$ 6,280.33 million in 2019 and is projected to reach US$ 9,603.41 million by 2027; it is expected to grow at a CAGR of 5.6% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Antifreeze is a type of additive that helps in lowering the freezing point in a water-based liquid. A mixture of antifreeze is used to obtain freezing point depression for cold environments. Antifreeze are used to increase the boiling point of a liquid and provide higher coolant temperature. It is mainly deployed in automobiles for the altering the freezing point and the boiling point of coolants in the combustions placed internally in the liquid cooled engines. Antifreeze can be developed from organic acid, azoles, and inorganic salts
Insights on the Antifreeze Global Market to 2027 - by Product Type, Technology Type, Application and Region yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
North America Antifreeze Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type, Technology Type, and Application The North America antifreeze market is expected to grow from US$ 1,609. 15 million in 2019 to US$ 2,496. 89 million by 2027; it is estimated to grow at a CAGR of 7. 7% from 2020 to 2027. The North America antifreeze market is likely to account for a remarkable share of the global antifreeze market during the forecast period.
March 10, 2021 10:45 ET | Source: ReportLinker ReportLinker Lyon, FRANCE
New York, March 10, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report North America Antifreeze Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type, Technology Type, and Application - https://www.reportlinker.com/p06027831/?utm source=GNW
Lubricants Market Revenue Worth $115,350.6 Million by 2030, Globally: P&S Intelligence
NEW YORK, March 9, 2021 /PRNewswire/ From 66 million in 2005, worldwide vehicle sales jumped to 91 million in 2019, as per Organisation Internationale des Constructeurs d Automobiles (OICA). Due to the expanding automotive industry, the global lubricants market is predicted to grow from $95,403.9 million in 2019 to $115,350.6 million by 2030, witnessing a 2.3% CAGR between 2020 and 2030, according to the market research report published by P&S Intelligence.
The automotive sector is one of the biggest end users in the lubricants market, as such fluids find widespread application in automobiles. The crankcases of engines are widely lubed in order to reduce friction between components that are in contact. This not only reduces wear and tear, but also keeps the vehicle running smoothly and with the optimum mileage. With people s rising disposable income and strict norms regarding vehicular emission