Automotive Cleaner & Degreaser Aftermarket size Insights into the Competitive Scenario of the Market
Automotive Cleaner & Degreaser Aftermarket Size Analysis
The global automotive cleaner and degreaser market will develop at a healthy 2% CAGR in the forecast period 2022- 2030, as per the new Market Research Future (MRFR) analysis. Automotive cleaners and degreasers are primarily used for dissolving and removing unwanted materials, sticky substances, and impurities such as oil and grease, dirt, and other forms of impurities from automotive components made of rubber surfaces, plastic, magnesium, copper, steel, and aluminium of the vehicle.
Various factors are fuelling the global automotive cleaner and degreaser market size. According to the recent MRFR market estimates, such factors include the growing significance of car maintenance and servicing, the booming construction sector, growing demand for energy-saving, efficient, and clean engines, low production costs, and accessibility of economic labor in China, and India.
On the contrary, the negative impact of COVID-19, health risks of automotive cleaner usage, high price of products, and increasing sales of electric cars may impede the global automotive cleaner and degreaser market growth in the forecast period.
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Automotive Cleaner & Degreaser Aftermarket Size Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global automotive cleaner and degreaser market based on vehicle, supply, type, degreaser, and cleaner.
By cleaner, the global automotive cleaner and degreaser market is segmented into engine flush, carburetor, and brake. Of these, the brake segment will lead the market over the forecast period.
By degreaser, the global automotive cleaner and degreaser market is segmented into transmission, exhaust, and engine.
By type, the global automotive cleaner and degreaser market is segmented into solvent based and water. Of these, the water segment will dominate the market over the forecast period.
By supply, the global automotive cleaner and degreaser market is segmented into spray bottle and aerosol can. Of these, the aerosol can will spearhead the market over the forecast period.
By vehicle type, the global automotive cleaner and degreaser market is segmented into commercial vehicle & passenger vehicle. Of these, the passenger vehicle will have the lion’s share in the market over the forecast period.
Automotive Cleaner & Degreaser Aftermarket Size Regional Analysis
By region, the global automotive cleaner and degreaser market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America and the Rest of the World (RoW). Of these, North America will rule the market over the forecast period. Increasing sales and maintenance & servicing of cars, preference for large SUVs over smaller automobiles, customers taking long journeys related to leisure and work in personal cars, increasing use of GDI engines in plug-in hybrid electric cars, and stringent emission norms are adding to the global automotive cleaner and degreaser market growth in the region.
In Europe, the global automotive cleaner and degreaser market is predicted to hold the second-largest share over the forecast period. Significant competitiveness in car components and parts sector, strict government regulations concerning air emissions, increase in automotive part imports, and need for proper service and maintenance to improve efficiency are adding to the global automotive cleaner and degreaser market growth in the region.
In the APAC region, the global automotive cleaner and degreaser market is predicted to grow at a fast pace over the forecast period. High average age of cars as they are not scrapped early, rising consumer aspirations, growing disposable income, rising population, and increasing formation of legalized automobile service centres are adding to the global automotive cleaner and degreaser market growth in the region.
The automotive cleaner and degreaser market in RoW is predicted to have sound growth over the forecast period.
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Automotive Cleaner & Degreaser Aftermarket Size Key Players
- BASF SE (Germany)
- The 3M Company (U.S.)
- WD-40 (U.S.)
- The Dow Chemical Company (U.S.)
- Fuchs Petrolub SE (Germany)
- The Würth Group (Germany)
- Zep Inc. (U.S.)
- The Penray Companies Inc. (U.S.)
- The Radiator Company (U.S.)
- ABRO Industries Inc. (U.S.)
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