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Anti Stretch Mark Products Market Trends, Top Companies, Share, Growth And Forecast 2033
Anti Stretch Mark Products Market Trends
According to The Business Research Company's, The automotive coatings market size has grown strongly in recent years. It will grow from $20.22 billion in 2023 to $21.99 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to automotive industry growth, environmental regulations, consumer preferences, oem and aftermarket demand, globalization of automotive trade.
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Market Drivers and Trends:
The increasing global automobile production is expected to propel the growth of the automotive coatings market going forward. Vehicle production refers to the process of manufacturing, assembling, and constructing various types of vehicles, such as automobiles, trucks, buses, motorcycles, and other motorized vehicles. Automobiles uses automotive coatings to enhance aesthetics, protect against corrosion, and ensure durability, thereby extending the lifespan and preserving the appearance of the vehicle. For instance, in November 2022, according to the European Automobile Manufacturers Association, a Belgium-based automobile industry group committee, 16.4 million cars were manufactured in China from January to September, an increase of 15.1% compared to the same period in 2021. Therefore, increasing global automobile production is driving the growth of the automotive coatings market.
Major companies operating in the automotive coatings market are focusing on technological innovations such as nanotechnology-based technologies to meet the growing demand for automotive coatings. Nanotechnology-based automotive coatings refer to the application of coatings or surface treatments at the nanoscale level using nanomaterials or nanoparticles. For instance, in July 2023, Hyundai Motor Company, a South Korea-based automotive manufacturer, introduced an innovative nanotechnology-based automotive self-healing coating feature that coats a car with macromolecules that return to their previous form, effectively healing any scratches or dents.
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Major Key Players of the Market:
Clarins S.A.; E.T. Browne Drug Co. Inc.; Himalaya Global Holdings Ltd.; Basq NYC LLC; Weleda AG; Dermaclara Inc.; Mama Mio US Inc.; Expanscience Laboratories Inc.; Crown Laboratories Inc.; Earth Mama Organics; Union-Swiss Holdings Ltd.; The Clorox Company; L'Oreal Group; Nykaa E-Retail Pvt. Ltd.; Bio-Oil Skincare USA Inc.; Merz North America Inc.; Beiersdorf AG; Bioelixia Cosmeceuticals LLC; StriVectin Operating Company Inc.; SkinCeuticals Inc.; Elemis Limited; La Roche-Posay Laboratoire Pharmaceutique; Biotherm International .; Bioelements Professional Skin Care LLC.
Anti Stretch Mark Products Market 2024 Key Insights:
• The anti stretch mark products market size is expected to grow to $2.42 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.
• Increasing Obesity Issue Is Driving The Anti-Stretch Mark Products Market
• Innovative Brand Launches In The Anti-Stretch Mark Products Market
• North America was the largest region in the anti-stretch mark products market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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