The Global Water-Glycol Coolant Market was valued at USD 5,388 Million in 2025 and is projected to reach USD 8,548 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024–2034). This robust growth is propelled by the exponential expansion of data center liquid cooling infrastructure, escalating thermal management demands from the electric vehicle and energy storage sectors, and the ongoing modernization of industrial process cooling systems.

As industries worldwide prioritize energy efficiency and operational reliability, the focus intensifies on the specialized formulators and chemical suppliers developing advanced thermal management solutions. In this blog, we profile the Top 10 Companies in the Water-Glycol Coolant Industry—a combination of global chemical giants and specialized innovators shaping the future of efficient heat transfer.

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🔟 1. Fuchs Petrolub SE

Headquarters: Mannheim, Germany
Key Offering: PLANEGO® and PLANTHERM® Glycol-Based Heat Transfer Fluids

Fuchs Petrolub SE is a global leader in lubricants and specialty chemicals, with a significant presence in the water-glycol coolant segment. Their product lines are engineered for a wide range of applications, from industrial process cooling to HVAC systems, known for excellent corrosion protection and long service life.

Innovation Initiatives:

• Development of high-purity, low-conductivity formulations for sensitive electronics cooling

• Expansion of bio-based glycol coolant offerings to meet sustainability targets

• Global supply chain optimization to serve hyperscale data center projects

Download FREE Sample Report: Water-Glycol Coolant Market – View in Detailed Research Report

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9️⃣ 2. Recochem Corporation

Headquarters: Montreal, Canada
Key Offering: Full spectrum of ethylene and propylene glycol coolants for automotive and industrial use

Recochem is a leading North American supplier of heat transfer fluids, with a strong foothold in both the automotive aftermarket and industrial sectors. The company provides a comprehensive range of pre-diluted and concentrate coolants, supported by a robust distribution network.

Innovation Initiatives:

• Investment in advanced additive technology for extended drain intervals

• Strategic acquisitions to strengthen market position in the US and Europe

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8️⃣ 3. Dynalene, Inc.

Headquarters: Whitehall, Pennsylvania, USA
Key Offering: High-performance heat transfer fluids for extreme temperature applications

Dynalene specializes in engineering-grade thermal fluids, with a strong focus on custom water-glycol formulations for demanding industrial and renewable energy applications. The company is renowned for its technical expertise and ability to solve complex thermal management challenges.

Innovation Initiatives:

• Pioneering formulations for concentrated solar power (CSP) and battery energy storage systems (BESS)

• R&D in non-toxic, biodegradable glycol alternatives

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7️⃣ 4. Old World Industries

Headquarters: Northbrook, Illinois, USA
Key Offering: PEAK® Automotive and Industrial Antifreeze & Coolants

Old World Industries, known for its PEAK brand, is a major player in the automotive coolant market with a growing industrial division. The company’s products are widely used in heavy-duty equipment, manufacturing facilities, and commercial HVAC systems across North America.

Innovation Initiatives:

• Development of extended-life coolants with organic acid technology (OAT)

• Expansion into data center cooling solutions through strategic partnerships

Download FREE Sample Report: Water-Glycol Coolant Market – View in Detailed Research Report

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6️⃣ 5. Chevron Corporation (Chevron Phillips Chemical)

Headquarters: Houston, Texas, USA
Key Offering: High-purity ethylene glycol, a key raw material for coolant formulators

While not a direct formulator of finished coolants, Chevron, through its Chevron Phillips Chemical joint venture, is a critical supplier of high-quality ethylene glycol. This positions the company as an essential player in the water-glycol coolant value chain, supplying base chemicals to formulators worldwide.

Innovation Initiatives:

• Production of ultra-purity ethylene glycol for electronics-grade cooling applications

• Investment in sustainable chemical production processes

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5️⃣ 6. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Glysantin® engine coolants and industrial heat transfer fluids

BASF is a global chemical powerhouse with a well-established portfolio of automotive and industrial coolants under its Glysantin brand. The company leverages its extensive R&D capabilities to develop advanced additive packages that enhance coolant performance and longevity.

Innovation Initiatives:

• Focus on coolants for electric vehicle battery thermal management systems

• Development of environmentally compatible inhibitor systems

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4️⃣ 7. KOST USA

Headquarters: Plymouth, Michigan, USA
Key Offering: KOST Klir and other specialized industrial coolants

KOST USA specializes in industrial fluid solutions, including a range of water-glycol-based heat transfer fluids designed for challenging environments. Their products are known for effective corrosion inhibition and stability in closed-loop systems.

Innovation Initiatives:

• Formulations targeting the plastics processing and metalworking industries

• Emphasis on fluids that reduce maintenance frequency and system downtime

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3️⃣ 8. Arctic Fox

Headquarters: Reno, Nevada, USA
Key Offering: Propylene glycol-based coolants for food-grade and HVAC applications

Arctic Fox is a prominent supplier of propylene glycol-based heat transfer fluids, catering to markets where low toxicity is paramount, such as food and beverage processing and residential HVAC. The company emphasizes safety and environmental responsibility in its product formulations.

Innovation Initiatives:

• Specialization in USP-grade propylene glycol coolants

• Development of inhibitor packages safe for use in potable water systems

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2️⃣ 9. Clariant

Headquarters: Muttenz, Switzerland
Key Offering: Specialty additives and custom-formulated coolants

Clariant plays a crucial role in the market through its advanced additive packages that are used by coolant formulators to enhance performance. The company also offers tailored coolant solutions for specific industrial applications, leveraging its surface chemistry expertise.

Innovation Initiatives:

• R&D in sustainable and bio-degradable corrosion inhibitors

• Collaborative development projects with major OEMs for next-generation cooling systems

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1️⃣ 10. China Petroleum & Chemical Corporation (Sinopec)

Headquarters: Beijing, China
Key Offering: Great Wall Coolants and bulk ethylene glycol

Sinopec is a dominant force in the Asian market, both as a producer of base glycols and as a manufacturer of finished coolants under the Great Wall brand. The company’s extensive production capacity makes it a key supplier for the region’s massive industrial and automotive sectors.

Innovation Initiatives:

• Large-scale production to meet domestic and export demand

• Development of coolants compatible with new energy vehicles

Get Full Report Here: Water-Glycol Coolant Market – View in Detailed Research Report

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🌍 Outlook: The Future of Water-Glycol Coolant is Smarter and More Specialized

The water-glycol coolant market is undergoing a significant evolution. While traditional applications in automotive and general industry remain vital, the most dynamic growth is coming from high-tech sectors requiring precise thermal control.

📈 Key Trends Shaping the Market:

• Accelerated adoption of single-phase immersion cooling in data centers for AI and HPC workloads

• Increasing integration of glycol loops in electric vehicle battery and power electronics cooling

• Rise of predictive maintenance and IoT-enabled coolant monitoring systems

• Growing demand for bio-based and environmentally preferable glycol formulations

The companies listed above are not only supplying essential thermal management fluids—they are enabling the technological advancements that define modern industry.