The Latin America antifreeze market size was around USD 805.30 Million in 2024. The market is estimated to grow at a CAGR of 5.10% during 2025-2034 to reach a value of USD 1.32 billion by 2034.
In the automotive sector, a mixture of antifreeze and water serves as a coolant to prevent overheating of engines by raising the boiling point of the water-based liquid in the engine. The demand for antifreeze is rising along with the sales and manufacture of passenger cars. Antifreeze is a component of the engine coolant and is crucial to maintain the ideal temperature inside the engine of a vehicle. It reduces the excess heat produced while the automobile is running and prevents serious damage to its internal components.
The number of air passengers flying to, from, and within Latin America and the Caribbean (LAC) is rising from a critical COVID-19-induced drop in 2020. The rise in air travel aids the demand for antifreeze for aircraft de-icing and lavatory fluids. From January to November 2023, the total number of passengers travelling to and from the region reached 410.5 million, a rise of 13.9% y-o-y, highlighting a positive trend of recovery and expansion in the sector.
With the number of vehicles in operation rising, there is a greater demand for tires, spare parts, and car chemicals, including antifreeze. In Mexico, there are around 34 million units in operation and the average age of vehicles is 16.1 years. The average vehicle age has continued to grow in Latin America and some vehicles are the oldest globally, which adds to the demand for car chemicals like antifreeze.
According to the Federal Aviation Administration (FAA), the Latin American aviation sector is expected to grow by 4.5% per year by 2034. Antifreeze finds use in the de-icing of aircraft during the flight. It also finds use for lavatory anti-freezing applications in aircraft lavatory fluids.
In 2020, Latin American countries constituted 7% of the global new vehicle sales, showcasing one of the highest motorization growth rates globally. As of the year-end 2022, Latin America boasted 128 million cars and light trucks, with Brazil leading the Vehicles in Operation (VIO) count at 44 million. Mexico follows with 32 million, and Argentina has 14 million units.
Latin America witnessed the second-fastest global recovery in passenger air traffic, rebounding strongly from the COVID-19 pandemic with June 2022 figures just 14% below pre-crisis levels. The region's robust recovery is attributed to large domestic markets and fewer travel restrictions, outpacing the overall market growth.
With rising power densities in electronic systems, liquid cooling solutions gain traction for enhanced thermal management. The solutions, employing optimal cooling fluids, improve accuracy, performance, and safety while reducing downtime and maintenance costs, meeting environmental compliance standards in diverse applications such as R&D labs and diagnostic facilities.
Other notable players operating in the Latin America antifreeze market include Shell PLC, Dow Inc., PJSC Lukoil, and Motul S.A., among others.
Mexico is another important market for antifreeze in LATAM. In 2022, the Mexican light vehicle sales witnessed a 7.0% increase accounting for a volume of 1.08 million units. Mexico has 77 airports, with 45 serving as international commercial hubs. Grupo Aeroportuario del Centro Norte (OMA), a major airport operator, manages 13 airports in northern and central Mexico. In 2022, these airports accommodated 23.2 million passengers while in 2021 they managed 15.7 million passengers.
In the automotive sector, a mixture of antifreeze and water serves as a coolant to prevent overheating of engines by raising the boiling point of the water-based liquid in the engine. The demand for antifreeze is rising along with the sales and manufacture of passenger cars. Antifreeze is a component of the engine coolant and is crucial to maintain the ideal temperature inside the engine of a vehicle. It reduces the excess heat produced while the automobile is running and prevents serious damage to its internal components.
The number of air passengers flying to, from, and within Latin America and the Caribbean (LAC) is rising from a critical COVID-19-induced drop in 2020. The rise in air travel aids the demand for antifreeze for aircraft de-icing and lavatory fluids. From January to November 2023, the total number of passengers travelling to and from the region reached 410.5 million, a rise of 13.9% y-o-y, highlighting a positive trend of recovery and expansion in the sector.
Figure: Latin America and Caribbean Air Transport of Passengers (2018-2021); Million
Table: Latin America Vehicle in Operation
Key Trends and Developments
Rising use as a heat conductor in heating and cooling systems; increasing automobile manufacturing; demand for eco-friendly antifreeze; and the expanding aviation sector are positively impacting the Latin America antifreeze market growthLatin America Antifreeze Market Trends
Rising environmental consciousness is increasing the demand for eco-friendly products. Manufacturers can capitalise on this opportunity by substituting petroleum feedstocks with sustainably harvested renewable and biological feedstocks. Additionally, they can manufacture products free of persistent synthetic compounds, such as additives.With the number of vehicles in operation rising, there is a greater demand for tires, spare parts, and car chemicals, including antifreeze. In Mexico, there are around 34 million units in operation and the average age of vehicles is 16.1 years. The average vehicle age has continued to grow in Latin America and some vehicles are the oldest globally, which adds to the demand for car chemicals like antifreeze.
According to the Federal Aviation Administration (FAA), the Latin American aviation sector is expected to grow by 4.5% per year by 2034. Antifreeze finds use in the de-icing of aircraft during the flight. It also finds use for lavatory anti-freezing applications in aircraft lavatory fluids.
Market Segmentation
“Latin America Antifreeze Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:Market Breakup by Product:
- Ethylene Glycol Based
- Propylene Glycol Based
- Glycerine Based
- Others
market Breakup by Technology:
- Organic Acid Technology Antifreeze (OAT)
- Hybrid Organic Acid Technology (HOAT)
- Inorganic Acid Technology Antifreeze (IAT)
Market Breakup by Application:
- Automobile
- Heat Transfer and Cooling System
- Aerospace
- Others
Market Breakup by Region:
- Brazil
- Argentina
- Mexico
- Chile
- Others
In 2020, Latin American countries constituted 7% of the global new vehicle sales, showcasing one of the highest motorization growth rates globally. As of the year-end 2022, Latin America boasted 128 million cars and light trucks, with Brazil leading the Vehicles in Operation (VIO) count at 44 million. Mexico follows with 32 million, and Argentina has 14 million units.
Latin America witnessed the second-fastest global recovery in passenger air traffic, rebounding strongly from the COVID-19 pandemic with June 2022 figures just 14% below pre-crisis levels. The region's robust recovery is attributed to large domestic markets and fewer travel restrictions, outpacing the overall market growth.
With rising power densities in electronic systems, liquid cooling solutions gain traction for enhanced thermal management. The solutions, employing optimal cooling fluids, improve accuracy, performance, and safety while reducing downtime and maintenance costs, meeting environmental compliance standards in diverse applications such as R&D labs and diagnostic facilities.
Based on products, ethylene glycol holds a significant share of the Latin America antifreeze market
Ethylene glycol is considered a key ingredient for low-temperature hydronic systems where chillers and air handling units (AHUs) operate outdoors, or when equipment plays a vital role in low-temperature processes. The inclusion of ethylene glycol helps in reducing water’s freezing temperature, further enabling the lowering of operation temperature. Propylene glycol is being widely adopted to remove ice and other contaminants from aeroplanes in addition to its use as an ingredient in antifreeze products sold in supermarkets and garages.Competitive Landscape
The market players are innovating in terms of offering premium quality and environmentally safe antifreeze products to meet the demand of eco-conscious customersOther notable players operating in the Latin America antifreeze market include Shell PLC, Dow Inc., PJSC Lukoil, and Motul S.A., among others.
Latin America Antifreeze Market Analysis by Country
Brazil holds a significant share in the Latin America antifreeze market due to the growing product demand for automobile and aerospace applications. This demand is supported by the growth of these industries in Brazil. In 2022, the Associacao Nacional dos Fabricantes de Veiculos Automotores (ANFAVEA) reported that new vehicle sales in Brazil, including trucks and buses, accounted to 2.10 million vehicles. While in 2022, Brazil recorded 831,000 flights, marking a substantial increase from 2021, as reported by ANAC. Among these, domestic flights accounted for 731,000, while international flights reached 100,000, as per the Anuario do Transporte Aereo 2022.Mexico is another important market for antifreeze in LATAM. In 2022, the Mexican light vehicle sales witnessed a 7.0% increase accounting for a volume of 1.08 million units. Mexico has 77 airports, with 45 serving as international commercial hubs. Grupo Aeroportuario del Centro Norte (OMA), a major airport operator, manages 13 airports in northern and central Mexico. In 2022, these airports accommodated 23.2 million passengers while in 2021 they managed 15.7 million passengers.
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Latin America Antifreeze Market Analysis
6 Regional Analysis
7 Market Dynamics
9 Competitive Landscape
Companies Mentioned
- TotalEnergies SE
- Roux Industrial Group
- Chevron Corporation
- Raloy Lubricantes, S.A. de C.V.
- Shell PLC
- Dow Inc.
- PJSC Lukoil
- Motul S.A.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | July 2025 |
| Regions Covered | Latin America |
| No. of Companies Mentioned | 8 |
