What's Driving The Automotive Part Cleaners & Degreasers Market Size? | Big key players 3M, BASF, Valvoline Inc., Engen, DowDuPont, WD-40 Company, Wurth USA, FUCHS Group, Zep Inc., The Penray Companies, Inc., Icer Brakes, Bardahl Manufacturing Corporation
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Global automotive part cleaners & degreasers market from HCV’s may register growth at over 2.5% by the end of forecast period. Government initiatives to invest in road construction, commercial and & non- commercial projects, and travel & tourism sector have increased the demand of for heavy commercial vehicles for the transportation of raw materials, thereby enhancing product demand.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
4. WD-40 Company
5. Wurth USA
6. FUCHS Group
7. Zep Inc.
9. The Penray Companies, Inc.
10. ABRO Industries, Inc.
11. Claire Mfg
12. Airosolutions NV
13. Icer Brakes
14. Bardahl Manufacturing Corporation
15. Wynns Ltd
17. Petra Oil&Gas Corporation del Perú
18. B'laster Corporation
19. Valvoline Inc.
20. HOSHO Co., Ltd
Rising importance of maintenance and servicing of vehicles will boost the automotive part cleaners & degreasers market growth. Auto cleaners restore the aesthetic quality of cars and improve the durability which in turn increases their resale value. Automotive part cleaners & degreasers remove dirt, grease and other residues which lower the performance and market value of vehicles. Rise in disposable income, growing sales in automobile industry and stringent environmental norms pertaining to emissions are likely to stimulate the product demand.
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• Brake cleaner
• Engine flush cleaner
• Carburetor cleaner
• Catalytic converter cleaner
• Engine degreaser
• Transmission degreaser
• Exhaust parts degreasers
• Water based
• Solvent based
By Vehicle Type
• Passenger car
• Light commercial vehicle
• Heavy commercial vehicle
Automotive part cleaners & degreasers market surpassed USD 22.5 billion in 2017 on account of increasing consumer safety, reduced VOC emission and improved engine performance. Automotive part cleaners & degreasers enhance the fuel performance, free up excess contamination around brakes for efficient working, clean the entire lubrication system for oil change and remove carbon build up which can cause emission of harmful gases in the air. These high-performance chemicals are used to improve shine and gloss of vehicles which is likely to increase the product demand in transportation sector.
North America automotive part cleaners & degreasers market from light commercial vehicles should exceed USD 5.5 billion by 2024. LCV's have gained importance owing to their off-roading capabilities which make them viable for small scale business owners in the region. Technological advancement has enhanced safety features like antilock braking system which has resulted in increased vehicle sales. Rising economic growth and e-commerce should accelerate market growth.
Browse key industry insights spread across 290 pages with 411 market data tables & 46 figures & charts from the report, “Automotive Part Cleaners & Degreasers Market Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024” in detail along with the table of contents:
Europe automotive part cleaners & degreasers market from passenger cars may register significant gains at over 2.5% up to 2024 owing to its clean production and strict environment regulations. These products have increased the engine performance, reduced VOC emissions and enhanced mobility in the region thereby increasing the passenger vehicle sales. Investment in R&D activities and energy saving effectiveness while manufacturing should boost the market growth.
Major industry participants for automotive part cleaners & degreasers market include: GUNK, 3M, WD-40, Wurth Group, Bardahl Manufacturing Corporation and Valvoline. Prominent manufacturers are engaged in production capacity development to satisfy increasing consumer demand and research & development activities to recognize improved products which should boost automotive part cleaners & degreasers market growth.
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