PUBLISHER: IMARC | PRODUCT CODE: 1541495
PUBLISHER: IMARC | PRODUCT CODE: 1541495
The global automotive appearance chemicals market size reached US$ 3.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032.
Automotive appearance chemicals help clean and remove dirt from vehicles while enhancing their shine and durability. They generally include cleaners, protectants, compounds, cleaner glazes, sealants, and polishes and swirl removers. They are made using phosphates, colorants, fragrances, water, solvents, oils, abrasives, surfactants, emulsifiers, silicones, and synthetic waxes. Presently, several manufacturers are launching innovative product variants to remove oxidation, scratches, scuffs, dulling, water spots, and buffer swirls, which further assist in protecting and retaining the visual appearance of vehicles.
Significant growth in car ownership on account of rapid urbanization and inflating disposable incomes represents one of the main factors influencing the market. Moreover, the boosting sales of vehicles for commercial and industrial uses are catalyzing the demand for automotive appearance chemicals across the globe. Besides this, due to growing environmental concerns, government agencies of several countries are implementing stringent regulations on petroleum products like waxes and coatings. As a result, leading manufacturers are utilizing bio-based chemicals to manufacture eco-friendly product variants. They are also investing in research and development (R&D) activities to expand the usage of automotive appearance chemicals, which is widening their scope and offering lucrative growth opportunities. Apart from this, due to the outbreak of coronavirus disease (COVID-19) and the implementation of complete lockdown in numerous countries, individuals are preferring private cars as the safest mode of transportation instead of public transport. This, along with the burgeoning automotive industry, is anticipated to fuel the growth of the market in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive appearance chemicals market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on application and end use.
Waxes and Polishes
Protectants
Wheel and Tire Cleaners
Windshield Washer Fluids
Others
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company Inc., BASF SE, Blue Ribbon Products Inc., Dow Inc., Illinois Tool Works Inc., Mothers Polishes Wax Cleaners Inc., Niteo Products LLC, Northern Labs Inc. (Knowlton Development Corporation Inc), Tetrosyl Limited (MWR Sales Limited), Turtle Wax Inc. and Valvoline Inc.