my country’s automobile antifreeze production continues to increase, and market competition is fierce

Car antifreeze, also known as antifreeze coolant, refers to coolant that contains special additives and has antifreeze function. Automobile antifreeze has the advantages of high boiling point, anti-corrosion, anti-rust, anti-scaling and anti-freeze, and is suitable for use in high temperature and extremely cold weather. According to different base materials, automobile antifreeze can be divided into three types: glycerin-water type, ethanol-water type and ethylene glycol-water type.

Ethylene glycol is the main raw material for automobile antifreeze. Ethylene glycol (EG), also known as glycol, is the simplest glycol. Benefiting from the growth in market demand, my country’s ethylene glycol production capacity has rapidly expanded, output has continued to grow, and it has become one of the world’s major ethylene glycol producing countries. In 2022, my country’s ethylene glycol production capacity will reach 26.174 million tons, a year-on-year increase of 21.2%. According to the “2023-2028 China Automotive Antifreeze Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, The sufficient supply of raw materials provides favorable conditions for the development of my country’s automobile antifreeze industry. In 2022, my country’s automobile antifreeze production will increase by 5.1% year-on-year.

The automotive field is the main demand side for automotive antifreeze. In recent years, with the rapid economic development and the continuous improvement of national living standards, my country’s demand for car purchases has continued to grow. According to statistics from the China Association of Automobile Manufacturers, my country’s automobile sales will reach 26.864 million units in 2022, a year-on-year increase of 2.1%. Benefiting from the rapid development of downstream industries, my country’s automotive antifreeze market continues to expand, with a year-on-year growth of 8.9% in 2022. As the prosperity of the automobile industry continues to improve, it is expected that my country’s automobile antifreeze market will maintain an average annual compound growth rate of more than 9% from 2023 to 2028.

The global automobile antifreeze market is mainly concentrated in European and American countries, accounting for nearly 70%. The Dow Chemical Company (DOW), Royal Dutch Shell (Shell), Kautex (KOST), Exxon Mobil, UCI-FRAM , Japan’s Kemitac Company, France’s Total Company (TOTAL), etc. are world-renowned automobile antifreeze manufacturers.

Attracted by market prospects, the number of companies in my country’s automotive antifreeze industry continues to grow, driving market competition to become increasingly fierce. Compton, Juhua Co., Ltd., Uni-President Co., Ltd., Delian Group, Longpan Technology, Shenghua New Materials, China Dynamics, etc. are the major players in my country’s automotive antifreeze market. Uni-President Co., Ltd. focuses on the production and sales of automotive antifreeze, engineering machinery oil, automotive oil and other products. Its annual production capacity of automotive antifreeze reaches nearly 40,000 tons, ranking first in my country.

Industry analysts said that with the accelerated development of the automobile industry, the demand for automobile antifreeze market is becoming increasingly strong, and the development prospects of the industry continue to improve. . my country’s automobile antifreeze industry started late, and there is a certain gap in product quality compared with overseas developed countries. In the future, as the technical level of local enterprises continues to improve, the localization process of my country’s automobile antifreeze will continue to accelerate, and the industry will gradually develop in the direction of high quality.