Portland, OR, Aug. 29, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the vegetable antifreeze market was estimated to reach $1.9 billion in 2021 and is projected to reach $3.0 billion by 2031, registering a CAGR of 5.0% from 2022 to 2031. The report provides a detailed analysis of the major pockets of investment, winning strategies, drivers and opportunities, market size & estimates, competitive landscape and changing market trends. Market research is a useful source of information for early adopters, new entrants, investors and shareholders in developing strategies for the future and strengthening their position in the market.
Report coverage and details:
| Report cover | Details |
| Forecast period | 2022–2031 |
| base year | 2021 |
| Market size in 2021 | $1.9 billion |
| Market size in 2031 | $3.0 billion |
| CAGR | 5.0% |
| Number of pages in the report | 215 |
| Segments Covered | Product, application and region. |
| Drivers | Rapid industrialization and rising disposable income |
| Growth and expansion of agriculture and horticulture sectors in developing economies | |
| Opportunities | Different development strategies adopted by the manufacturer |
| Introduction of various packaged food products coupled with increasing consumer preference for the same | |
| Constraints | Presence of substitute packaging products |
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Covid-19 scenario-
- The supply of agri-food products to traders and consumers took place both within and across the border during the first quarter of 2020, which impacted the global antifreeze market for plants.
- At the same time, several synthetic plant-based antifreeze manufacturing companies have shut down or reduced their operations due to the risk of infection among the workforce, which has temporarily hampered the growth of the market. However, the market started to get back on track.
The global plant antifreeze market is analyzed by product, application and region. The report contains an exhaustive analysis of the segments and their sub-segments using tabular and graphical representation. Investors and market participants can benefit from the breakdown and devise schemes based on the most revenue-generating and fastest-growing segments shown in the report.
Based on product, the propylene glycol segment held more than two-fifths of the total market revenue in 2021 and is expected to dominate by 2031. The same segment would also show the fastest CAGR of 5.5% throughout the forecast period. Ethylene glycol, glycerin and methanol segments are also analyzed in the report.
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By application, grain segment garnered nearly half of the global flat antifreeze market in 2021 and would rule the roost by the end of 2031. The same segment would also show the fastest CAGR of 5.5% from 2022 to 2031. Horticultural crops, segments of cash crops, turfs and ornamental crops are also assessed in the study.
Based on region, the market in North America generated nearly half of the global plant antifreeze market revenue in 2021 and is expected to retain the lion’s share by 2031. The Asia-Pacific region, however , would manifest the Fastest CAGR 5.5% over the forecast period. Other regions studied in the report include LAMEA and Europe.
Major market players analyzed in the Global Plant Antifreeze Market report are Bayer AG, Chevron Phillips Chemical Company LLC, DuPont, ADAMA, ExxonMobil Corporation, Gharda Chemicals Ltd, Nufarm, Sumitomo Chemical Co., Ltd. and BASF SE. These market players have adopted several strategies including partnership, expansion, collaboration, joint ventures and others to showcase their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments of key players.
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About Us:
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
Pawan Kumar, CEO of Allied Market Research, directs the organization towards the provision of high quality data and information. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
