世界の自動車外装用化学品市場：製品、用途、および地域別 - 市場分析、シェア、動向、規模、および予測（2019年～2025年）
Automotive Appearance Chemicals Market, By Product, By Application, and Geography - Analysis, Share, Trends, Size, & Forecast from 2019 - 2025
|発行||AnalystView Market Insights||商品コード||926792|
|出版日||ページ情報||英文 190 Pages
|世界の自動車外装用化学品市場：製品、用途、および地域別 - 市場分析、シェア、動向、規模、および予測（2019年～2025年） Automotive Appearance Chemicals Market, By Product, By Application, and Geography - Analysis, Share, Trends, Size, & Forecast from 2019 - 2025|
|出版日: 2020年01月01日||ページ情報: 英文 190 Pages||
Automotive Appearance Chemicals Market was valued at USD 1.36 billion by 2018, growing with 2.9% CAGR during the forecast period, 2019-2025
Automotive appearance chemicals are used to safeguard, maintain and improve the appearance of vehicles. Improvement in lifestyle has fuelled up the demand of cars and this factor has impacted directly on this industry especially when we talk about emerging economies. The major driving factor of growth is fuelling demand of these chemicals in passenger cars. In addition, the industry is also enjoying popularity due to longer automobile retention, long life of vehicles and elegant appeals. This aspect will also accelerate the market during forecast period.
Moreover, these chemicals are widely used in luxury passenger cars and sport vehicles. Increase in demand of these vehicles will directly boost up the growth of automotive appearance chemicals industry. Market manufacturers are motivated to come up with some innovation like eco-friendly credentials which should have the same quality as non-biodegradable products.
With the increase in a number of two-wheelers and the use of public transportation, keeping in mind the overcrowding issues has resulted in a decline of four-wheeler sales. Also, the implementation of the regulation on these chemicals will hamper the growth during the study period.
Based on product, the market is segmented into protectants, waxes, polishes, windshield washer fluids, and wheel & tire cleaners. Among these products, polishes are earning its name as it is efficiently used to remove paint runs, scratches overspray and holograms. It gives a flattened look to the surface. This look ensures equal reflection of light and caters a shining polish look to vehicles.
Waxes give a protective layer to surface for preventing it from scratches and dents. Apart from adding this layer it also caters shine to the vehicle body. The wax segment is also predicted to witness significant growth in the forecast period.
Based on application, the market is bifurcated into cars, light commercial vehicles, and heavy commercial vehicles. Among these segments, passenger cars are leading the market. After cars, LCV is the next segment that has earned significant revenue in the past. LCV and cars are estimated to grab maximum revenue in the forecast period because of their demand among young generations especially in countries like India and China. Also, the accelerating demand for logistic vehicles will lead to the growth of LCVs in the coming years.
On the basis of geographic analysis, Europe is expected to lead in the near future. Germany is expected to experience a significant boost in the demand for these chemicals which will further enhance the growth in the coming years. Also, the acceleration in the manufacturing of luxury and passenger cars on a large scale basis will benefit the market.
The Asia Pacific is projected to pick up the pace in terms of value in the near future. This growth is expected to happen due to a boost up in demand for a commercial vehicle fleet, an increase in the count of car ownership, and buyers' preference towards new and used cars.
Key Vendor Analysis
The major players are 3M Company Inc., Bondo Corporation, Norton Abrasives, Meguiar's Inc., Car Brite, Treatment Products Ltd., The Clorox Company, Turtle Wax Inc., Permatex Inc., Blue Ribbon Products Inc., and Car Brite. Companies are now putting more effort into innovative product development, partnerships, geographic expansions and acquisitions with leading vendors for enhancing their reputation.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2014 & 2016
Base Year - 2017
Estimated Year - 2018
Projected Year - 2025
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
3M Company Inc.
Treatment Products Ltd.
The Clorox Company
Turtle Wax Inc.
Blue Ribbon Products Inc.
MARKET, BY PRODUCT
Wheel & Tire Cleaners
Windshield Washer Fluids
MARKET, BY APPLICATION
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
9.2. Bondo Corporation