The Latin America, Middle East and Africa Antifreeze Market would witness market growth of 7.8% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 463.0 Kilo Tonnes, showcasing a growth of 7.7% (2024-2031).
Antifreeze formulations designed for industrial heat transfer and cooling systems are engineered to withstand high temperatures, pressures, and chemical exposures common in industrial environments. These specialized antifreeze products provide reliable protection against freezing, corrosion, and scale buildup, extending the service life of equipment and minimizing downtime. Industrial users rely on antifreeze solutions to optimize the performance and efficiency of heat transfer systems, enabling smooth operation and consistent production output. Consequently, the Industrial heat transfer & cooling systems would utilize approximately 19.23 kilo tonnes of antifreeze by 2031.
The Brazil market dominated the LAMEA Antifreeze Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $158.1 million by 2031. The Argentina market is showcasing a CAGR of 8.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.5% during (2024 - 2031).
Propylene glycol-based antifreeze formulations are gaining traction as an alternative to traditional ethylene glycol-based products, especially in applications where environmental concerns and toxicity are significant considerations. Propylene glycol is a less harmful and safer alternative for food processing, HVAC systems, and marine environments. Manufacturers are focusing on developing its formulations that offer enhanced corrosion protection and improved engine performance.
There is a growing emphasis on antifreeze recycling and reuse as part of sustainable waste management practices. Its recycling technologies, such as distillation and filtration processes, are being implemented to recover and purify used this for reuse, reducing the environmental impact and conserving resources. As cities grow and develop, there is a need for the construction of new infrastructure, such as roads, bridges, tunnels, and buildings.
According to the Dubai Water and Electricity Authority, the number of EVs in Dubai is predicted to be about 7,331 in 2023 and 12,852 by 2025. This supports Dubai's Green Mobility Strategy 2030, which mandates that by 2030, 30% of public sector vehicles and 10% of all new vehicle sales will be electric or hybrid. Antifreeze manufacturers are developing products that comply with strict environmental standards and meet consumer preferences for non-toxic, biodegradable, and recyclable coolant solutions in the UAE. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
Free Valuable Insights: The Worldwide Antifreeze Market is Projected to reach USD 8.5 Billion by 2031, at a CAGR of 6.7%
Based on Product, the market is segmented into Ethylene Glycol, Propylene Glycol, and Glycerin. Based on Technology, the market is segmented into Organic Acid Technology (OAT), Hybrid Organic Acid Technology (HOAT), and Inorganic Additive Technology (IAT). Based on Application, the market is segmented into Automobile, Aerospace, and Industrial Heat Transfer & Cooling Systems. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Technology (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 