Global Automotive Appearance Chemicals Market to reach USD XX billion by 2027.Global Automotive Appearance Chemicals Market is valued at approximately USD xx billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3% over the forecast period 2021-2027.Automotive Appearance Chemicals are used for polishing vehicles especially cars, LCV's and HCV's, to protect their surface from fading and keep it shining.It includes wheel & tire cleaners,protectants, windshield washer fluids, waxes, polishes, carpet & other fabric care products, and leather care products in the other segment.Rapidly Increasing Automotive Industries pushes the market growth of automotive appearance chemicals For instance,as per the Journal of ILO (international labor Organization) The automotive industry makes an important contribution to the world'seconomy.The annual turnover of the automotive industry issimilar to the size of the sixth-largest economy across the world. According to the ILO, in 2018 the trade-in motor vehicles reached USD 1.5 (trillion).Increasing awareness regarding vehicle repair and maintenance among consumersfuels the growth of market.owever, the threat of substitutes impedes the growth of the market over the forecast period of 2021-2027. Also, increasing government initiatives to encourage automobile and industrializationis likely to increase the market growth during the forecast period.
The regional analysis of Global Automotive Appearance Chemicals Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World.Europe is a significant region across the world in terms of market share owing to increasing automotive industries. Whereas Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as increasing awareness regarding vehicles repair and maintenance would create lucrative growth prospects for Automotive Appearance Chemicals market acrosstheAsia-Pacific region.
Major market players included in this report are:
PPG Industries
3M Company
BASF SE
Energizer Holdings Inc.
Kao Corporation
Jax Wax Inc
SONAX GmbH
Malco Products Inc
Koch-Chemie GmbH
Mothers
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Waxes,
Polishes
Protectants
Wheel & tire cleaners
Windshield washer fluids
Others
By End-Use:
Cars
LCV
HCV
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Automotive Appearance Chemicals Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors