Press release
Companies In Automotive Aftermarket Appearance Chemicals Market Resorting To Product Innovation To Stay Ahead In Game : Fact.MR
Historically, the market grew moderately, expanding at a CAGR of under 3% from 2016 to 2020, being valued at over US$ 1 Bn in 2016, and surpassing US$ 4 Bn by 2020. This slow growth is attributed to a general slowdown in the global automotive industry. Prospects were further dimmed due to recessionary pressures induced by the COVID-19 pandemic.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=S&rep_id=6400
Future growth prospects are expected to be influenced by a flourishing EV market. According to the International Energy Agency, the number of electric vehicles will likely hit 125 million by 2030. Hence, maintenance cycles are bound to increase, as these vehicles are expected to consume a significant amount of material, including tires, paints, and drivetrains. This is expected to provide manufacturers renewed opportunities to establish revenue pools across key markets.
๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ ๐๐ผ๐๐ฒ๐ฟ๐ฒ๐ฑ ๐ถ๐ป ๐ฆ๐๐๐ฑ๐
โข ๐๐ซ๐จ๐๐ฎ๐๐ญ
Automotive Aftermarket Windshield Washer Fluids
Automotive Aftermarket Waxes/Polishes
Automotive Aftermarket Protectants
Automotive Aftermarket Wheel & Tire CleanersProduct
Automotive Aftermarket Windshield Washer Fluids
Automotive Aftermarket Waxes/Polishes
Automotive Aftermarket Protectants
Automotive Aftermarket Wheel & Tire Cleaners
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
โข Sales of waxes/polishes to increase the most, at over 3% CAGR through 2031
โข Windshield washer fluid demand to reach a valuation of over US$ 1 Bn by 2031
โข Automotive aftermarket protectants to experience growth of nearly 3% CAGR across the forecast period
โข High automotive demand augmenting sales prospects across the U.S, topping US$ 1 Bn in 2020
โข China to register moderate, yet steady growth, expanding at above 4% CAGR over the next ten years
โข Australia, India, and South Korea to collectively be valued at above US$ 700 Mn
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐ - https://www.factmr.com/connectus/sample?flag=RC&rep_id=6400
๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง
3M Company, Blue Ribbon Products Inc., Illinois Tool Works Inc., Meguiar's Inc., Niteo Products LLC, Northern Labs Inc., Permatex Inc., Protect All Inc. and Turtle Wax Inc. are some prominent automotive aftermarket appearance chemical manufacturers profiled in Fact.MR's report.
โข In June 2020, Turtle Wax Inc. launched the Namaste India car care kit, as part of its celebration regarding establishment of its manufacturing base across South Asia. The kit comprises the Ice Snow Foam Wash, Quick & Easy Turtle Wax Interior 1 Cleaner, and the Quick & Easy Turtle Wax Inside & Out Protectant, among others.
โข Niteo Products LLC offers the Valvoline Automotive System Fluids and Maintenance Chemicals; Max Life Automotive System Fluids for High Mileage Vehicles, Pyroil Automotive System Fluids, and Maintenance and Winter Chemicals.
๐๐ผ๐ฟ ๐ถ๐ป-๐ฑ๐ฒ๐ฝ๐๐ต ๐ฐ๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐, ๐ก๐ผ๐ - https://www.factmr.com/checkout/6400
๐ ๐ผ๐ฟ๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐๐ ๐๐๐ฎ๐ถ๐น๐ฎ๐ฏ๐น๐ฒ
Fact.MR, in its new offering, presents an unbiased analysis of the automotive aftermarket appearance chemicals market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of product (windshield washer fluids, waxes/polishes, protectants, and wheel & tire cleaners) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa)
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ- https://www.globenewswire.com/news-release/2022/11/03/2548156/0/en/Construction-and-Mining-Sector-to-Possess-3-4th-of-Backhoe-Loaders-Market-Fact-MR-Study.html
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