Rising Demand from Industrial Sector to Bolster Middle East & Africa Antifreeze Market Growth
According to our latest market study on “Middle East & Africa Antifreeze Market Size and Forecast to 2031 – Regional Analysis – by Coolant Type, Technology, Application, and Distribution Channel,” the market was valued at US$ 292.48 million in 2023 and is projected to reach US$ 454.79 million by 2031; it is anticipated to record a CAGR of 5.7% from 2023 to 2031. The Middle East & Africa antifreeze market report includes growth prospects along with the market trends and their foreseeable impact during the forecast period.
Antifreeze is made by using different materials, such as ethylene glycol, propylene glycol, glycerin, methanol, and other additives. Ethylene glycol is a major ingredient used in most antifreeze formulations. Propylene glycol is a less toxic alternative to ethylene glycol. Other raw materials used in antifreeze formulations are anti-foaming agents and colorants. Manufacturers add colors to antifreeze mixes, making it easy to differentiate. In addition, antifreeze contains inhibitors that prevent corrosion in the cooling system and biocides to prevent microorganisms from growing inside it. Further, raw material suppliers offer different raw materials to the manufacturers to produce antifreeze products. They also focus on offering high-quality products to produce antifreeze products. Further, the fluctuations in the raw material prices impact the final price of the product.
Middle East & Africa Antifreeze Market Breakdown – by Region
Middle East & Africa Antifreeze Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Coolant Type (Ethylene Glycol, Propylene Glycol, Glycerin, and Others), Technology (Inorganic Additive Technology, Organic Acid Technology, Hybrid Organic Acid Technology, and Others), Application [Automotive (Passenger Cars, Light Commercial Vehicles, Heavy Duty Vehicles, and Two Wheelers), Industrial Heating or Cooling, Energy, Food Processing, and Others], Distribution Channel (Original Equipment Manufacturers, Aftermarket, and Retail and Others), and Country
Middle East & Africa Antifreeze Market Report, Trends 2031
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The Middle East & Africa antifreeze market report emphasizes the key factors driving the market. 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 the Arab News, Saudi Arabia has attracted US$ 738 million (SAR 2.77 billion) in investment for various projects during the second quarter of 2023. In the same year, the Invest Saudi platform announced 50 new investment projects in the machinery and equipment sector worth over US$ 26 billion. Furthermore, the government of the UAE launched its industrial strategy, Operation 300bn, to position the country as an industrial center by 2031. The 10-year strategy focuses on increasing the industrial sector’s contribution to GDP. According to the news released in January 2024 by The National, the UAE industrial sector’s contribution to GDP reached ~AED 197 billion (US$ 53.64 billion) in 2023, with the country achieving 30% of Operation 300bn’s target since its 2021 launch. Antifreeze products play an important role in industrial heating and cooling systems owing to their ability to lower the freezing point of a liquid. They are used in boilers and heat exchangers to transfer heat to radiators or other heating systems, preventing the water from freezing and damaging the equipment. Thus, the rising demand for antifreeze from the industrial sector fuels the Middle East & Africa antifreeze market growth.
Middle East & Africa Antifreeze Market: Trends
Bio-based products have different economic and social benefits. Bio-based products represent a promising alternative to fossil-based products. As a result, they are increasingly used in various industries owing to their advantages, such as biodegradable and the ability to produce less pollution. Bio-based and environment-friendly antifreeze products are produced from renewable and sustainable substitutes of raw materials compared to conventional antifreeze products. Various companies operating in the antifreeze market are focusing on offering bio-based and environment-friendly products. For instance, Dynalene Inc. offers Dynalene BioGlycol (renewable glycol), which is an inhibited, nontoxic corn-based glycol heat transfer fluid that offers users performance similar to ethylene glycol, along with the features of propylene glycol such as stability, safety, and nontoxicity. The product can be used for HVAC systems, solar applications, thermal energy storage, and process cooling/heating. Saint-Gobain supplies biodegradable coolants; these products are designed to increase efficiency by decreasing machine time and improving the working life of tools. These biodegradable coolants are used in processes such as sawing, slicing, grinding, honing, lapping, and polishing. Thus, the Middle East & Africa antifreeze market trends include the development of environment-friendly and bio-based antifreeze.
Based on application, the Middle East & Africa antifreeze 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 accounted for the largest Middle East & Africa antifreeze market share in 2023. Automotive is one of the major application areas of antifreeze (coolant). 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 overheating. By using antifreeze, the water in the car’s engine will not freeze in cold weather conditions, nor will it overheat in warm weather. Further, antifreeze in cars also provides protection against engine corrosion, prevents scale build-up, lubricates any moving parts, and helps the car reach its optimum operating temperature as quickly as possible, which further reduces air pollution. With the growing automotive sales in countries across the Middle East & Africa, the demand for antifreeze is also increasing rapidly.
Based on distribution channel, the Middle East & Africa antifreeze market is segmented into original equipment manufacturers, aftermarket, and retail and others. The aftermarket segment accounted for the largest Middle East & Africa antifreeze market share in 2023. The aftermarket segment includes spare parts’ retail outlets, service centers, and individual and authorized garages/workshops. Various vehicle service stations and independent garages offer a diverse range of coolant (antifreeze) products to cater to different vehicle types, climates, and customer preferences. They also provide specialty antifreeze products for specific vehicle types or applications, such as heavy-duty equipment or classic cars. Further, antifreeze manufacturers focus on establishing a strong relationship with service stations and garages to promote their products and secure shelf space. The original equipment manufacturers segment includes the demand/consumption of antifreeze from the manufacturers or the B2B sales of antifreeze. The B2B sales involve selling larger quantities of antifreeze products, requiring specialized handling and transportation. Businesses might have specific requirements for antifreeze, such as different formulations or packaging, which require customization. Manufacturers offer antifreeze suitable for various industries, such as automotive, industrial, etc. They offer formulations that meet the explicit performance requirements of original equipment manufacturers.
A few of the key players in the Middle East & Africa antifreeze market include SA Polichem, Valvoline Inc, Shell Plc, Castrol Ltd, Chevron Corp, Exxon Mobil Corp, TotalEnergies SE, Solventis Ltd, BASF SE, and Armor Lubricants. The market players offer innovative products at affordable prices that attract a large number of customers, which is expected to open new opportunities for them in the coming years. The Middle East & Africa antifreeze market forecast can help stakeholders plan their growth strategies.
The Middle East & Africa antifreeze market involves the segmentation of the market based on:
The Middle East & Africa antifreeze market analysis is based on coolant type, technology, application, distribution channel, and country. Based on coolant type, the Middle East & Africa antifreeze market is segmented into ethylene glycol, propylene glycol, glycerin, and others. By technology, the market is categorized into inorganic additive technology, organic acid technology, hybrid organic acid technology, and others. By 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. By distribution channel, the market is segmented into original equipment manufacturers, aftermarket, and retail and others. Based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, Morocco, Egypt, Algeria, Nigeria, the Democratic Republic of Congo, Angola, Zambia, Mozambique, Turkey, and the Rest of Middle East & Africa.
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