The report of Global Antifreeze Agents for Oil & Gas Market is segmented by Application (Automobile, Aerospace, Industrial, Construction, Electronics, Transportation, Oil & Gas and Machinery), by product (Ethylene Glycol, Propylene Glycol, Glycerin and Methanol), Type (Green Anti-Freeze, OAT Anti-Freeze, HOAT Anti-Freeze and NOAT Anti-Freeze), by Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa) is expected to reach USD xx Mn by 2027 at a CAGR of 7.6% over the forecast period 2020-2027.
Antifreeze agents are acting like a protective layer that prevents corrosion on metal parts, propylene glycol is formulated with special poly-organic acids. Besides, temperature controlling, antifreeze agents in the expanding hydraulic fracking industry can also be used in gas hydrate inhibition, hydraulic fluid friction reducer as an anti-solvent in the crystallization, gelling agent, and cross-linker. This leads to increasing the demand for antifreeze agents market, especially in the oil & gas industry. Government initiatives and increased investment in R & D have driving the growth of the antifreeze agents for the oil & gas market.
The global Antifreeze Agents for Oil & Gas Market is segmented by Application, by Product, by Type, and by region. The regional analysis of the worldwide Antifreeze Agents for Oil & Gas market is segregated across North America, Europe, Asia Pacific, the Middle East, and Africa, and South America. By region, North America followed by Europe is the dominating market of the Antifreeze Agents for Oil & Gas market thanks to the expansion of anti-aging, coolant market industries and increasing applications such as in gas turbines, steam turbines, automated machine tools, hydroelectric turbines, cross linker, gelling agents tools in North America and Europe is fuelled the growth of the Antifreeze Agents for Oil & Gas in this region. Asia Pacific region is expected a positive growth as rising manufacturing operations are expected to drive the growth of the Antifreeze Agents for Oil & Gas market. Besides, the growth of increase use of natural gas pipelines has fuelled the growth in this region.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Some of the major market players covered in this report 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 among others. These key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new Type launches and patents to increase their regional presence and business operations.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Antifreeze Agents for Oil & Gas Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Antifreeze Agents for Oil & Gas Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Antifreeze Agents for Oil & Gas Market positioning of competitors.
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