Antifreeze Agents in Oil & Gas Market, By Type (Organic, Inorganic, and Hybrid), By Product Type (Et

Published Date: | Report Code : MT1951521

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Antifreeze Agents in Oil & Gas Market Dynamic:

Antifreeze agents are added to water in various industries, such as automotive, oil & gas, and others to lower the freezing point. These agents not only prevent the system from freezing or overheating but also from rusting and corroding. They are widely used in the oil & gas industry, as in this industry, pipelines are under the sea and the temperature can fall tremendously.

Segment Analysis:

On the basis of type, the market has been divided into organic, inorganic, and hybrid. As inorganic agents are made by using conventional sources of energy, they are toxic in nature. Hence, organic and hybrid antifreeze agents are preferred. Organic antifreeze agents are manufactured using corn, stover, and oil. Hybrid antifreeze agents are silicate- and phosphate-free, which make them a preferred choice. There has been a significant rise in demand for organic and hybrid antifreeze agents due to these reasons.

Based on product type, the antifreeze agents in oil & gas market has been segmented into ethylene glycol, propylene glycol, glycerin, calcium chloride, and others. Among these, ethylene glycol and propylene glycol are majorly used in the oil & gas industry.

Ethylene glycol is generally used in the natural gas pipeline, which is usually under the sea. Temperature is extremely low under water and salt water can corrode the pipelines. Thus, ethylene glycol prevents blockages from freezing temperatures and provides protection against corrosion.

Propylene glycol are manufactured using poly-organic acids to form a protective layer that prevents corrosion on metal components. Antifreeze agents not only help in controlling the temperature but are also used in gas hydrate inhibition, as an anti-solvent in crystallization process and an hydraulic fluid friction reducer.

Rapid industrialization and features of antifreeze agents, such as easy availability and affordable installation, are positively impacting market growth.

Increasing use of electric cars and fluctuating raw material prices that are used to manufacture antifreeze agents can hamper market growth.

Key Factors Impacting Market Growth:

  • Possess features such as easy availability and cost-effective installation
  • Increasing demand for eco-friendly antifreeze coolant
  • Rapid industrialization

Regional Analysis:

The antifreeze agents in oil & gas market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. North America and Western Europe are major regions for antifreeze agents in oil & gas market owing to diversified demand from end-use industries and competitive scenario. Some of the major end-use industries in these regions include automotive & transportation, oil & gas, electrical & electronics, machinery. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for antifreeze agents in oil & gas market in these regions include US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.

Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Automotive & transportation and oil & gas are some of the major industries in the region with strong potential for antifreeze agents in oil & gas market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of key markets with demand from automotive & transportation and oil & gas.

Companies Covered: Pology Chemical Plant Coagulant Alc, Maychem Srl, Chemiteq Limited, BP PLC, Chevron Corporation, Royal Dutch Shell PLC, Total S.A., Exxon Mobil Corporation, Lukoil, Petronas, BASF SE, Cummins Inc, and Motul S.A. 

Market Segmentation: 

By Type:

  • Organic
  • Inorganic
  • Hybrid

By Product Type:

  • Ethylene Glycol
  • Propylene Glycol
  • Glycerine
  • Calcium Chloride
  • Other

 By End User:

  • Automotive & Transportation
  • Oil & Gas
  • Electrical & Electronics
  • Machinery

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Product Type
    • By End User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Product Type
    • By End User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Product Type
    • By End User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Product Type
    • By End User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Product Type
    • By End User
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Product Type
    • By End User

Reasons to Buy This Report:

  • Market size estimation of the global antifreeze agents in oil & gas market on regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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