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), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025

Global car care products market is expected to surpass USD 16.5 billion by 2025, with a CAGR of 4.2%. The market was valued at USD 11.8 billion in 2019.

27-Feb-2020 | Number of pages: 110 | Report Code: ZMR-4827 | Report Format : | Status : Published

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).

Global Car Care Products Market

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

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