Global OAT Coolant Market Research Report 2022

OAT is an acronym for Organic Acid (Additive) Technology which describes the type of materials responsible for the corrosion protection offered by a coolant of this type. An organic additive technology (OAT) coolant contains only organic corrosion inhibitors such as carboxylates and triazole. OAT coolant are Long Life Coolants.
Market Analysis and Insights: Global OAT Coolant Market
Due to the COVID-19 pandemic, the global OAT Coolant market size is estimated to be worth US$ 865 million in 2022 and is forecast to a readjusted size of US$ 985.6 million by 2028 with a CAGR of 2.2% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, -40°C accounting for % of the OAT Coolant global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Passenger Car segment is altered to an % CAGR throughout this forecast period.
Antifreeze has different chemical compositions depending on the type of antifreeze used. Inorganic Acid Technology (IAT) antifreeze can be either ethylene glycol (EG) or propylene glycol (PG). Organic Acid Technology (OAT) antifreeze is primarily ethylene glycol (EG) based. Hybrid Organic Acid Technology (HOAT) antifreeze is a combination of Inorganic Acid Technology (IAT) and Organic Acid Technology (OAT).
Globally, Asia-Pacific is the largest consumer of OAT coolants and China is also the largest one in the region. In 2019, China held about 20% consumption share. USA is the follower.
Global OAT Coolant Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global OAT Coolant Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Freezing Point and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Freezing Point
-40°C
-45°C
-50°C
Others
Segment by Application
Passenger Car
Commercial Vehicle
By Company
Prestone
Arteco
BASF
Recochem
Totachi Industrial
PEAK Auto
Mobil
Shell
Monarch
LOPAL
SINOPEC
Phillips 66
Valvoline
EPPCO Lubricants
Cummins Filtration
IACC
PrixMax
Production by Region
North America
Europe
China
Japan
Southeast Asia
Middle East & Africa
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina