Dallas, TX -- (SBWIRE) -- 02/27/2014 -- Please note: The report is in Chinese version now. The English version will be delivered in 2 business days.
In China, there are a lot of antifreeze manufacturing enterprises, but a few of them possess the R & D capability and the scale production; most enterprises take the price war as the competitive measure; among them, the homogeneity market competition is very fierce, moreover, some enterprises even produce the substandard products, causing the disorderly industry situation.
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At present, the mainstream brands in China’s antifreeze market include Great Wall, Shell, Mobil, Kunlun, Total and Delian. The antifreeze market is overall classified into three major types, namely imported antifreeze, joint-venture antifreeze and China domestic antifreeze. Among them, the China domestic brands account for about 80%, joint-venture brands of about 14% and imported brands of about 6%.
In 2009, the market capacity of China’s antifreeze reached 362,500 tons with the market scale of nearly CNY 6 billion; as of the end of 2013, the antifreeze market capacity reached 885,000 tons with the average annual growth of 25%.
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Benefited from the issuance of China’s Automotive Industry Adjustment and Revitalizing Planning, under the great depression background of the world automotive industry, China’s automotive industry currently becomes an oasis. With the gradual recovery of global economy and the continuous improvement of China’s people’s living standard, China’s automobile demand volume, especially the cars, will keep the rapid growth before the year of 2015. The antifreeze industry belongs to one of the important supporting industries of the automobile industry; the growth of automobile output and ownership will necessarily bring the steady rising of the antifreeze demand volume. It is estimated that Chinese domestic antifreeze market capacity will reach 2.4 million tons by 2018.
Complete report available @ http://www.marketreportschina.com/research-and-forecast-of-china-antifreeze-market-2014-2018.