Car Care Products Market - By Product Type (Polishing & Waxing, Cleaning & Caring, and Sealing Glaze & Coating), By Distribution Channel (DIFM/Service Centers and DIY/Retail Stores), By Solvent Type (Foam-Based Solvents and Water-Based Solvents), By Consumption (Autobeauty Shops, Individual Sources, and Service Centers & Garages), By Application (Exterior and Interior)-Global Industry Analytics, COVID-19 Business Impact, and Trends, 2020 – 2029

                                          
Abstract
                    
The 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).


Introduction

Car 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