Industrial Coolants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Industrial Coolants Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • HVAC

Report Description

Fluids used for heat transfer from devices to prevent overheating are called coolants. Coolants flow around or through devices for the transfer of the heat produced by the device to outer environment for heat dissipation. Industrial coolants absorb heat from the machine or engine and dissipate it by means of a radiator or other devices. Industrial coolants are also known as antifreeze liquids, which are generally a mixture of propylene or ethylene glycol with water mixed in an equal ratio. Industrial coolants also keep the passenger compartment of a vehicle warm. Anti-freeze liquids offer same properties as industrial coolants. Anti-freeze mixtures are more resistant to extremely low and high temperature. These liquids are concentrated products based on glycol with some corrosion inhibitors and other additives. Anti-freeze liquids are diluted in different proportions with additives to make industrial coolants of different grades. These diluted anti-freeze liquids are usually called industrial coolants.

Key properties of industrial coolants include low viscosity, high thermal capacity, non-toxic, low-cost, and chemical inertness. An ideal industrial coolant should not cause corrosion to the cooling system and other engine/machine parts. Majority of industrial coolants are used in various industries such as automotive, oil & gas, power generation, and chemicals. Industrial coolants must control the machine/engine temperature in all weather conditions without freezing or overheating. Special additives are added to industrial coolants to prevent chemical deterioration and freezing. Industrial coolants use special anti-corrosive additives to prevent internal corrosion of engine/machine parts in the automotive industry.

Three types of industrial coolants are used around the globe: green anti-freeze coolants, oat anti-freeze coolants, and HOAT anti-freeze coolants. Green anti-freeze coolants are the most common type of industrial coolants used around the globe. These coolants consist of phosphate and silicate additives, which provide protection to bare iron surfaces and aluminum parts of the machinery. HOAT anti-freeze coolants stand for organic acid technology. These types of industrial coolants contain organic acids such as sebacate, 2-EHA, and other various organic acids. HOAT anti-freeze coolants do not contain phosphates or silicates as found in green anti-freeze coolants. HOAT anti-freeze industrial coolants stand for hybrid OAT industrial coolants. These types of industrial coolants comprise organic acids with silicates and phosphates to provide protection for aluminum and metallic surfaces of machinery and engines. Most HOAT industrial coolants are used by car manufacturers around the globe.

Rise in industrialization, emerging economies, and growth in the automotive aftermarket are expected to drive the industrial coolants market in the near future. Increase in usage of industrial coolants in industries such as automotive, power generation, chemicals, electronics, automobiles, and aerospace & defense is also anticipated to boost the market for industrial coolants around the globe. North America followed by Asia Pacific and Europe are the growing regions of the market in terms of consumption. The market for industrial coolants in Asia Pacific is estimated to expand at a rapid pace due to the rapid industrialization and expansion of economy in the region. Increase in cost of raw materials and growth in production of electric vehicles are major restraints of the industrial coolants market.

Kay players operating in the industrial coolants market are Huntsman Corporation, Exxon Mobil Corporation, Cummins Filtration, Chem Arrow Corporation, Houghton International Inc., The Dow Chemical Company, Commonwealth Oil Corporation Company, Total Oil, JTM Products Inc., W.S.Dodge Oil Co. Inc., and LUBRICANTS INDIA.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market      

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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