Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 49.3 million | USD 54.3 million | 3% | 2022 |
The global automotive part cleaners & degreasers market size was evaluated at $49.3 billion in 2022 and is slated to hit $54.3 billion by the end of 2030 with a CAGR of nearly 3% between 2023 and 2030.
Automotive part cleaners & degreasers eliminate unwanted particles, water-insoluble materials, and oil for maintaining as well as repairing internal & external components of the automotive. These products provide proficient cleansing performance with minimum scrubbing that helps in enhancing the efficacy of automotive. Moreover, they improve vehicle efficiency and help in increasing the aesthetic appeal of vehicles along with their lifespan. Furthermore, the resale value of vehicles increases as a result of applying these products for vehicle cleansing.
In addition to this, the steady increase in mud, varnish, and residue will impact routine vehicle operations, thereby resulting in poor performance of vehicles along with enhanced fuel usage & diminishing automotive lifespan. This, in turn, has increased the demand and use of automotive part cleaners & degreasers across the globe. Moreover, these products are used as lubricants for improving the proficiency of vehicles.
Rise in the use of passenger & commercial cars globally to drive the global market surge over 2023-2030
Surging disposable income in emerging economies and the need to increase the longevity of vehicles will prompt the growth of the global automotive part cleaners & degreasers market. An increase in the production of passenger & commercial vehicles and a preference for increasing their lifespan in emerging economies will culminate in massive market demand across the globe. A prominent increase in the need for clean and energy-efficient engines along with a growing trend for controlling fuel emissions from vehicles will steer the global market trends. A surge in the allocation of funds in research activities will enhance the global market earnings in the years ahead. Launching of eco-friendly and new products will contribute sizably towards the global market size. For instance, in the third quarter of 2020, CRC Industries, Inc., a key manufacturer of specialty products and formulations, introduced a new multi-use automotive parts cleaner product referred to as CRC Parts Cleaner and Degreaser Pro series. Reportedly, the new product has proved effective in cleaning metal components including chokes, brake drums, calipers, carburetors, and rotors. Additionally, in July 2023, CRC Industries launched a new chlor-free universal degreaser referred to as the Power Jet Spray Nozzle that will eliminate pollutants rapidly from vehicles.
Fatality and hazardous effects of products on the health of workers can impede the global industry surge over the forecast timespan
Automotive part cleaners & degreasers are comprised of components such as alkalis & corrosive acids which can cause a dent in the surface of the vehicle and can have hazardous effects on the environment. These factors can restrict the growth of the global automotive part cleaners & degreasers industry. Moreover, the product can prove to be harmful to workers as it causes burns on the exposed skin of an individual, thereby further delimiting the surge in the growth of the global industry.
Rise in the sale of vehicles across the globe will open new growth avenues for the global market in the coming years
The flourishing automotive sector, an increase in the purchasing power of the consumers, and a rise in automotive sales will open new growth dimensions for the global automotive part cleaners & degreasers market during the assessment period. Furthermore, swift urbanization and rapid infrastructural development of roadways will scale up the global market expansion over the estimated timeline.
Stringent government laws related to product applications can pose a huge challenge to global industry expansion
An increment in the number of competitors can create a big challenge for the automotive cleaners & degreasers industry across the globe in the years ahead. Strict government norms about the use of the product due to their harmful effects on the environment can put brakes on the expansion of the global industry in the coming decade. An increase in the preference for electric vehicles can impact product sales in the near future.
The global automotive part cleaners & degreasers market is sectored into type, product, application, and region.
In type terms, the global automotive part cleaners & degreasers market is segregated into water-based and solvent-based segments. Furthermore, the water-based segment, which acquired approximately two-thirds of the global market revenue in 2022, is predicted to record the highest growth rate in the next eight years. The growth of the segment during the projected timeline will be attributed to a rise in the use of water-based products as lubricants during the servicing of automobiles in different parts of the world. Furthermore, they remove a huge proportion of fuel pollutants from vehicles. Moreover, they are eco-friendly and hence are in huge demand across the automotive service centers globally.
Based on the product, the global automotive part cleaners & degreasers industry is sectored into cleaners and degreasers segments. Moreover, the cleaners segment, which accumulated the largest share of the global industry in 2022, is predicted to dominate the segmental surge during the next few years. The expansion of the segment in the coming years can be due to the growing use of the product in improving the performance of automotive brake systems along with increasing the lifespan of the brakes. Furthermore, they improve the efficiency of vehicles by removing dirt and other contaminants from vehicles, thereby helping the commuters to smooth ride on roads and preventing corrosion of vehicle parts.
Based on the application, the automotive part cleaners & degreasers market across the globe is divided into two-wheelers, light commercial vehicles, heavy commercial vehicles, and passenger cars segments. Furthermore, the passenger cars segment, which acquired a huge share of the global market in 2022, is slated to record the fastest growth in the years ahead. The segmental expansion over the assessment timeframe can be ascribed to a rise in the use of products by firms providing automotive cleaning & maintenance services for passenger cars.
Report Attributes | Report Details |
---|---|
Report Name | Automotive Part Cleaners & Degreasers Market |
Market Size in 2022 | USD 49.3 Billion |
Market Forecast in 2030 | USD 54.3 Billion |
Growth Rate | CAGR of 3% |
Number of Pages | 226 |
Key Companies Covered | DowDuPont, The B'laster Corporation, The 3M Company, The Claire Manufacturing Company, BASF SE, Fuchs Group, PETRA OIL COMPANY INC., Wurth USA Inc., Bardahl Manufacturing Company, GUNK, Zep Inc., Airosol Company Inc., Penray, ABRO Industries Inc., ICER BRAKES S.A., Wynn’s, ENGEN PETROLEUM LTD, Valvoline, HOSHO Co. Ltd., and others. |
Segments Covered | By Product, By Application, By Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is predicted to maintain its dominant position in the global automotive part cleaners & degreasers market over the prognosis period
North America, which amassed approximately two-fifths of the global automotive part cleaners & degreasers market revenue share in 2022, is likely to dominate the regional space in the next couple of years. Additionally, the regional market expansion over the coming years can be ascribed to a rise in the utilization of gasoline direct injection engines in the automotive sector in countries such as the U.S. Apart from this, surging demand for hybrid degreasers in light combat vehicles as well heavy combat vehicles is predicted to enhance the product penetration in the military & defense sector in the countries such as the U.S. and Canada.
Asia-Pacific automotive part cleaners & degreasers industry is set to register the highest CAGR in the ensuing years owing to a rise in the sale of bikes and cars in countries such as Japan, China, India, Malaysia, and Taiwan. Furthermore, the rise in the use of automotive and the presence of a huge number of manufacturers and vendors in the region has contributed significantly towards the regional industry surge. Moreover, the easy availability of strong automotive infrastructure facilities along with strict norms for controlling the proportion of fuel emissions from vehicles has increased the product demand in the region by leaps & bounds.
The global automotive part cleaners & degreasers market profiles key players such as:
By Product
By Application
By Type
FrequentlyAsked Questions
Automotive part cleaners & degreasers eliminate unwanted particles, water-insoluble materials, and oil for maintaining as well as repairing internal & external components of the automotive.
The global automotive part cleaners & degreasers market growth can be owing to an increase in the production of passenger and commercial vehicles and a preference for increasing their lifespan in emerging economies.
According to a study, the global automotive part cleaners & degreasers industry size was $49.3 billion in 2022 and is projected to reach $54.3 billion by the end of 2030.
The global automotive part cleaners & degreasers market is anticipated to record a CAGR of nearly 3% from 2023 to 2030.
Asia-Pacific automotive part cleaners & degreasers industry is set to register the fastest CAGR over the forecasting timeline subject to a rise in the sale of bikes and cars in countries such as Japan, China, India, Malaysia, and Taiwan. Furthermore, the rise in the use of automotive and the presence of a huge number of manufacturers and vendors in the region has contributed significantly towards the regional industry surge.
The global automotive part cleaners & degreasers market is led by players such as DowDuPont, The B'laster Corporation, The 3M Company, The Claire Manufacturing Company, BASF SE, Fuchs Group, PETRA OIL COMPANY INC., Wurth USA Inc., Bardahl Manufacturing Company, GUNK, Zep, Inc., Airosol Company, Inc., Penray, ABRO Industries, Inc., ICER BRAKES S.A., Wynn’s, ENGEN PETROLEUM LTD, Valvoline, and HOSHO Co. Ltd.
The automotive part cleaners & degreasers market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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