Press release
Washer Fluid Market to Witness Robust Expansion by 2023
Automotive Windshield Washer Fluid is a fluid for motor vehicles that is used in cleaning the windshield with the windshield wiper while the vehicle is being driven.
On the basis of type, Ready to Use Fluid is the largest segment with around 98% production share of the total market in 2016. Concentrated Fluid are more expensive, accounting for less than 2% market share in terms of production, meanwhile, the Concentrated Fluid will witness the higher growth rate in the next few years.
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Global Washer Fluid Market: Forecast by Type / Application / Region
On the basis of geography, the global Automotive Windshield Washer Fluid market is segmented into regions, namely, North America, Europe, Asia and other regions. In 2016, Europe is the largest consumer as well as the steady growing regional market for Automotive Windshield Washer Fluid and held 34.05% share in the global market, followed by North America with the market share of 25.33%. The demand for Automotive Windshield Washer Fluid has been rapid increasing in Asian countries, especially in China and India.
The global Automotive Windshield Washer Fluid market comprises numerous players offering broad range of products. Lots of local small manufactures of Automotive Windshield Washer Fluid offer a wide range of Automotive Windshield Washer Fluid to fit aftermarket requirements. The concentration of the market is very low, among those manufacturers, 3M, Turtle Wax, SPLASH, ACDelco, Prestone and Illinois Tool Works are the major players operating worldwide.
Over the next five years, LPI(LP Information) projects that Washer Fluid will register a 2.7% CAGR in terms of revenue, reach US$ 1660 million by 2023, from US$ 1460 million in 2017.
Global Washer Fluid Market: Key Players
ITW
3M
SPLASH
Reccochem
ACDelco
Prestone
Soft 99
Bluestar
Sonax
Turtle Wax
Camco
Chief
PEAK
Botny
TEEC
Japan Chemical
Tetrosyl
Prostaff
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Related Information:
United States Washer Fluid Market Research Report 2018
Europe Washer Fluid Market Research Report 2018
North America Washer Fluid Market Research Report 2018
Asia-Pacific Washer Fluid Market Research Report 2018
China Washer Fluid Market Research Report 2018
EMEA Washer Fluid Market Research Report 2018
Global Washer Fluid Market Research Report 2018
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