Middle East & Africa Antifreeze Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031

The Middle East & Africa antifreeze market size is projected to reach US$ 454.79 million by 2031 from US$ 292.48 million in 2023; the market is expected to register a CAGR of 5.7% during 2023–2031. The use of environment-friendly and bio-based antifreeze is expected to emerge as a significant future trend in the Middle East & Africa antifreeze market.

Middle East & Africa Antifreeze Market Analysis

Africa is experiencing a remarkable transformation in its automotive industry, defined by sustainability and innovations. In Africa, the untapped demand for automotive vehicles, along with a steady increase in consumer spending, is driving the growth of the automotive industry. Various automakers have gained substantial traction in the African market by offering affordable, feature-rich vehicles. Brands such as Great Wall Motors, Geely, Chery, and BYD have capitalized on the demand for cost-effective cars with modern amenities, including electric windows, Bluetooth connectivity, and high fuel efficiency. According to Fastener World Inc., in the Middle East, automotive industries in Saudi Arabia, the UAE, and Israel experienced sales growth of over 20%. Automotive is one of the major application areas of antifreeze. Antifreeze is used as an engine coolant in cars, trucks, and buses. It is used in car engines to prevent the engine’s cooling system from freezing and prevent it from overheating. Thus, strong growth of the automotive industry drives the Middle East & Africa antifreeze market

Middle East & Africa Antifreeze Market Overview

The antifreeze market in the Middle East & Africa is witnessing notable growth driven by increasing automotive production, rising temperatures, and a growing emphasis on vehicle maintenance. As countries in the region invest in infrastructure development and urbanization, the demand for efficient cooling solutions in vehicles and industrial machinery has surged. The major factors driving the Middle East & Africa antifreeze market are the strong presence of the automotive industry and growing demand from the industrial sector, along with the increasing passenger vehicle production and rising middle-class incomes.

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Middle East & Africa Antifreeze Market: Strategic Insights

Middle East & Africa Antifreeze Market

• Market Size 2023
  US$ 292.48 Million
• Market Size 2031
  US$ 454.79 Million

Market Dynamics

GROWTH DRIVERS

• Strong Growth of Automotive Industry
• Rising Demand from Industrial Sector

FUTURE TRENDS

• Environment-Friendly
• Bio-Based Antifreeze

OPPORTUNITIES

• Growth of Solar Energy Sector

Regional Overview

• Middle East and Africa

Market Segmentation

Coolant Type

• Ethylene Glycol
• Propylene Glycol
• Glycerin

Technology

• Inorganic Additive Technology
• Organic Acid Technology
• Hybrid Organic Acid Technology

Application

• Automotive
• Industrial Heating or Cooling
• Energy
• Food Processing

Distribution Channel

• Original Equipment Manufacturers
• Aftermarket
• Retail

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Middle East & Africa Antifreeze Market Drivers and Opportunities

Rising Demand from Industrial Sector

The Middle East is witnessing a rise in manufacturing activities. Various global and regional companies are pledging to invest heavily in multiple projects in the Middle East, creating numerous jobs as well as taking advantage of the region’s infrastructure, connectivity, and abundant opportunities. According to Doha News, the industrial sector in Qatar has witnessed significant growth, with over 60 new factories opening in 2021. According to the Ministry Report on First-Quarter Industrial Sector Data, Qatar added 23 new factories from January to March 2022, highlighting substantial development in the sector in a short period. Further, Saudi Arabia is rapidly transforming into a global hub for manufacturing and production, driven by Vision 2030 objectives. The goal of the country is to multiply the industrial gross domestic product (GDP) by roughly three times to reach 895 billion SAR (~US$ 238 billion) by 2030, as well as double the job opportunities to 2.1 million and account for industrial exports of 557 billion SAR (~US$ 148 billion). With the growth of the industrial sector, the demand for antifreeze is increasing in the region. Thus, the rising demand for antifreeze from the industrial sector fuels the Middle East & Africa antifreeze market growth.

Growth of Solar Energy Sector

The energy sector in the Middle East is gradually transforming. The region is shifting its focus to renewables as a response to increasing population, rapid industrial growth, and a global drive to reduce carbon emissions. It has one of the world’s fastest-growing populations, with over 280 million people, which has increased by over 60% since 2000. This has resulted in a rapid increase in power demand. According to Rystad Energy’s latest research, renewables capacity in the Middle East is expected to expand in the coming years, with green energy sources overtaking fossil fuel in the power sector by 2040. In Middle Eastern countries, solar energy is becoming increasingly important in energy policies. Antifreeze fluids play a crucial role in maintaining the efficiency of the solar energy system even at low temperatures, preventing the fluid from freezing and damaging the installation. As the solar energy sector in the Middle East & Africa continues to grow, antifreeze fluids will continue to play a critical role in maintaining the performance and durability of solar energy systems.

Middle East & Africa Antifreeze Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Middle East & Africa antifreeze market analysis are coolant type, technology, application, and distribution channel.

• Based on coolant type, the Middle East & Africa antifreeze market is segmented into ethylene glycol, propylene glycol, glycerin, and others. The ethylene glycol segment dominated the market in 2023.
• By technology, the market is categorized into inorganic additive technology, organic acid technology, hybrid organic acid technology, and others. The organic acid technology segment held the largest share of the market in 2023.
• In terms of application, the market is segmented into automotive (passenger cars, light commercial vehicles, heavy duty vehicles, and two wheelers), industrial heating or cooling, energy, food processing, and others. The automotive segment dominated the market in 2023.
• By distribution channel, the market is categorized into original equipment manufacturers, aftermarket, and retail and others. The aftermarket segment held the largest share of the market in 2023.

Middle East & Africa Antifreeze Market Report Scope

Middle East & Africa Antifreeze Market Market Report Scope

Middle East & Africa Antifreeze Market News and Recent Developments

The Middle East & Africa antifreeze market is evaluated by gathering qualitative and quantitative data from post-primary and secondary research, which includes important corporate publications, association data, and databases. A few of the key developments in the Middle East & Africa antifreeze market are listed below:

• BASF introduced its GLYSANTIN engine coolants into the Nigerian market. The coolants offer a unique combination of German premium quality and multiple protection features, making them suitable for a versatile range of applications in various sectors. (Source: Businessday NG, Company Website, February 2023)
• Valvoline, a leading global lubricant manufacturer, launched a glycol-based full-antifreeze coolant. The new Valvoline advanced coolant supports all cars and commercial vehicles and provides a 5-year or up to 500,000 km drain interval. (Source: V3Cars, Company Website, August 2022)

Middle East & Africa Antifreeze Market Report Coverage and Deliverables

The “Middle East & Africa Antifreeze Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Middle East & Africa antifreeze market size and forecast for all the key market segments covered under the scope
• Middle East & Africa antifreeze market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed Porter’s Five Forces and SWOT analysis
• Middle East & Africa antifreeze market analysis covering key market trends, country framework, major players, regulations, and recent market developments.
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Middle East & Africa antifreeze market
• Detailed company profiles