US: 1.646.568.9797 (24x5)
UK: 44.330.808.0580 (24x5)
Worldwide: 91.703.051.960 (24x7)
AbstractThe global car care products market value was estimated at around 11, 270 (USD Million) in 2018 and is anticipated to accrue a revenue of about 21, 860 (USD Million) by 2025 at a cumulative growth rate of nearly 9.90% during the period from 2019 to 2025. The report offers valuation and analysis of surface protection tapes market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).
IntroductionCar care products are high performing chemicals that are used for enhancing the aesthetic appearance of the cars along with improving the longitivity of the vehicles. Apart from this, these products not only improve the shine and gloss of automobiles but also retain or protect the visual appeal or aesthetic value of the cars. Market Growth Drivers The growth of the car care products market over the forecast timeline depends on the demand and supply of the products across the globe. Moreover, growing customer awareness pertaining to the maintenance of vehicles and breakthroughs in the car washing technology will inflate the growth of the industry over the forecast period. Furthermore, the addition of new products to the product line will translate into huge market demand over the forthcoming years. Moreover, the car care products industry is highly competitive as well as fragmented in nature. It is more likely that the players in the industry will try to adopt approaches such as the creation of economies of scale, developing the experience curve, and standardization of diverse industry needs in order to consolidate their position in the car care products market. This will have a major impact on the market growth dynamics over the forecasting years. Water-Based Solvents To Dominate The Solvent Type Segment By 2025 The segmental growth over the forecast period is owing to the low raw material costs needed for the manufacturing of these water-based solvents. Apart from this, the solvents being bio-decomposable and eco-friendly have resulted in huge demand across the globe. Asia Pacific To Contribute Majorly Towards Overall Market Growth By 2025 The regional market growth over the timespan from 2019 to 2025 is owing to an increase in the volumes of car production as well as consumption of cars in the region. A rise in the disposable income of the customers has resulted in their willingness to expend more on enhancing the aesthetic value of their vehicles, thereby driving the product demand. Countries like Australia, Japan, Korea, and China are likely to be the pockets of the demand in the region over the ensuing years. Key players profiled in the car care products market include 3M Corp, Northern Labs, Liqui-Moly GmbH, Soft99 Corporation, Autoglym, Simoniz USA, Sonax Gesellschaft MBH, Tetrosyl Ltd., Turtle Wax Inc., Guangzhou Biabong Car Care Industries Company Ltd., Armored Auto Group, Illinois Tool Works, Auto Magic, Bullsone, Jopasu Systems Pvt Ltd, and Würth Group. The global car care products market is segmented as follows: By Product Type Cleaning and Caring (snow foams, dryers, shampoos, wash kits, etc.) Polishing and Waxing (backing plates, polishers and buffers, polish and compounds, polish kits, spray wax) Sealing glaze and coating Other products (Anti-Corrosion, etc.) By Solvent Type Water-Based Solvents Foam-Based Solvents By Application Interior Exterior By Consumption Auto Beauty Shops Service Center and Garages Individual Sources By Distribution Channel DIY/Retail Stores DIFM/Service Centers By Region North America The U.S. Canada Europe France The UK Spain Germany Italy Rest of Europe Asia Pacific China Japan India South Korea Southeast Asia Rest of Asia Pacific Latin America Brazil Mexico Rest of Latin America Middle East & Africa GCC South Africa Rest of Middle East & Africa
Table of Contents Request Table Of Content Click To Request Sample Chapter 1. Preface 1.1. Report Description and Scope 1.2. Research Scope 1.3. Research Methodulogy 1.3.1. Market Research Process 1.3.2. Market Research Methodulogy Chapter 2. Executive Summary 2.1. Car Care Products Market, 2016–2025 (USD Million) 2.2. Car Care Products Market: Snapshot Chapter 3. Global Car Care Products Mark | read more...