Acumen Research and Consulting estimates that the global car care products market is anticipated to reach market size of around US$ 16,000 Mn by 2027 and is anticipated to grow at a CAGR of around 4% in terms of revenue during the forecast period 2020 – 2027. Car care products also include various types of products for treatment and the maintenance of the car's interior and exterior. Auto care products such as shampoos, cleaners & polishes, clay bars, wax bars, cassettes, fillers, etc are also known as car care products. All these items owe every aspect of the car the utmost importance. For instance, external surface cleaners help to remove dirt, dirt and roads. Specialized cleaners for the removal of tar and grease are also used. With Resil's finishes, only the finest scratch can be stripped easily and added either manually or mechanically. Car maintenance increases the efficiency of the vehicles architecture, strengthens the reliability and prevention of unnecessary injuries.
Car care products prevent unnecessary automotive injuries, boost reliability and original vehicle durability, thus increasing their resale value. The trends towards vehicle replacement and the aging of vehicles also tilt the balance in favor of the market for car clothes. The demand for new car cleaning products as required by latest cars is likely to increase as the young consumers include polishing in existing vehicles and the need to maintain them also increases with an rising amount of consumers cars, with higher disposable income. The automotive demand is therefore directly proportional to automotive car care products market growth.. High prices for vehicle maintenance goods are a big obstacle across the globe. The use of certain car care products also has some disadvantages. The outside of the car could also be negatively affected by a high level of embellishment. Dents may be produced with pressure rinsers on the surface of the vehicle. The negative impact on car care product development is likely to occur in all these variables. The chemicals used in automotive care products are often dangerous in nature. Consequently, certain government policies can impede automotive supply and demand.
The market research study on “Car Care Products Market (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 Distribution Channel: DIY/Retail Stores, DIFM/Service Centers; By Application Type: Interior, Exterior) - Global Industry, Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global car care products market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global car care products market are product type, solvent type, distribution channel, application type, and major geographic regions. The car care products market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
Globally, Europe dominates and is projected to lead the global car care products markets with the highest market share of different car care products in the forthcoming period. Owing to the increased car production sector especially in countries such as china, South Korea and India, Asia-Pacific is expected to be the fastest growing market, with a significant growth in the forecast period. Japan and South Korea have also introduced car care products as technically developed countries, sustaining water at a larger scale. China and Australia have a large share of the car care commodity market. The production of car care goods in this area has been further motivated by the use of old vehicles in countries such as India and China.
Major players included in this report are Tetrosyl Ltd., LIQUI MOLY GmbH, Würth Group, Autoglym, 3M, ITW Global Brand, SOFT99 Corporation, Simoniz USA, Inc., Sonax, Turtle Wax, and others.
The global car care products market is segmented as below:
Car Care Products Market 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.)
Car Care Products Market By Solvent Type
Car Care Products Market By Distribution Channel
Car Care Products Market By Application Type
Car Care Products Market By Geography
Middle East & Africa
Increase in production of vehicles across the globe is expected to drive the growth of the car care products market.
Certain government policies is a major factor expected to restraint the growth of the market.
The market value of car care products is anticipated to be around US$ 16,000 Mn in 2027.
It is anticipated to grow around 4% CAGR amid the forecast period.2020-2027
The key players operating in car care products market such as Tetrosyl Ltd., LIQUI MOLY GmbH, Würth Group, Autoglym, 3M, ITW Global Brand, SOFT99 Corporation, Simoniz USA, Inc., Sonax, Turtle Wax, and others.
Asia Pacific is projected to grow at a fast pace during forecast period from 2020-2027.
Europe held maximum share in 2019.