Posted on 467 ResearchAndMarkets.com’s offering. According to this report the global antifreeze market was valued at US$ 6,280.33 million in 2019 and is projected to reach US$ 9,603.41 million by 2027; it is expected to grow at a CAGR of 5.6% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market. Antifreeze is a type of additive that helps in lowering the freezing point in a water-based liquid. A mixture of antifreeze is used to obtain freezing point depression for cold environments. Antifreeze are used to increase the boiling point of a liquid and provide higher coolant temperature. It is mainly deployed in automobiles for the altering the freezing point and the boiling point of coolants in the combustions placed internally in the liquid cooled engines. Antifreeze can be developed from organic acid, azoles, and inorganic salts or from the combination of these. It helps in preventing rigid enclosures from bursting when they expand due to freezing. The study also takes into consideration coolants, which are significantly obtained by mixing antifreeze into water usually at a 50-50 ratio. The ethylene glycol antifreeze is used as a base to create the liquid that is pumped into the vehicle engine for regulating and maintaining the optimum operating temperature during the extreme cold or hot temperatures. The companies are offering more products in accordance with coolants as compared to antifreeze.