Car Care Products Market Size & Share 2021

Major car care products manufacturers and suppliers Tetrosyl, SONAX GmbH, Autoglym, Liqui Moly GmbH, MA-FRA, SCT-Vertriebs GmbH, Cartec BV, Amtra, Ningbo Shinsan Cleaning Products, Zhongshan Datian Car Care Industry, Guangzhou Veslee Chemical Science & Technology Are included. , Miracle Systems, Jangra Chemicals, Green Duck Industries, Sensha, Hikari, Refractory Car Care Products, Carchem Products, Turtle Wax, 3M, Southern Counties Lubricants, Autoland Car Care, JBS Industries, Treatment Products, Stockmeier Group, Car Candy, Bokar, Johnson Research and Performance, and 3D Products.

PUNE, India, August 31, 2021 (Globe Newswire) —

The global car care products market size is set to show tremendous growth during the forecast period, which is attributed to the ever-growing automobile sector. Companies specializing in the production of car care products around the world are offering all kinds of cleaning chemicals and accessories to maintain the interior and exterior of cars.

Car wax and cleaning products gain momentum in North America

North America car care products market Its value is estimated to be around $3 billion by 2027. Using car wax for cleaning offers many benefits such as a deep and vibrant shine to the car’s complexion and an active shield against extreme hot or cold environments. This wax is prepared with the help of natural or synthetic raw materials and is available in the form of cream paste or liquid foam.

The wax and cleaning segment is projected to be worth more than $2.4 billion by 2027. Some of the items considered in this section are car wax, soap, polish and shampoo. There are some cleansing chemicals added to car shampoos which are very useful in removing contaminants like dirt, bird droppings, road tar and tree sap. Car polish, on the other hand, is used for the exteriors of the vehicle to maintain the glossy finish and to remove the imperfections, if any.

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Outsiders in North America requiring car care products:

Both the exterior and interior of the car use certain care products to increase its lifespan and performance and maintain the aesthetic appeal of the car. The North American car care products market size from the outdoor segment will expand at a steady CAGR of over 2.6% by 2027. The exterior parts of the vehicle suffer the most, whether in the event of an accident or in harsh weather conditions. Therefore, exteriors require the most maintenance. Services include wheel and tire care, polishing, full deep gloss finish and glass cleaning.

Some common products used to wash car exteriors are car shampoo and clay bars, which help remove dirt and other loose contaminants. Car wash detergents are used to remove dirt and dust from tires as they are the most exposed parts of the vehicle. Car waxing and polishing products are used to restore the aesthetic appearance of a vehicle and prevent dirt from accumulating on its exterior.

North America takes the DIY approach to car care:

DIY applications will account for approximately 75% of the North American car care products market share by 2027. Today, more and more people in this field are becoming self-sufficient in the matter of car maintenance. Many customers find most car care products fairly easy to use. There are many online platforms available that teach DIY techniques to make maintenance an easy process. Customers don’t need specialized guidance from professionals, which is why the DIY approach to car maintenance is gaining traction in North America.

Increase in the number of luxury car owners in Asia Pacific:

Asia Pacific is one of the fastest developing regions in the world today, with many countries already in the process of economic transformation. The income of the people in this area is witnessing rapid growth, which is why urbanization is increasing significantly. As the demand for luxurious public amenities has increased, so has the need to own luxury cars. With the regional population having more money, they have started to splurge on luxury items like high-end cars. this factor will help APAC car care products market Will reach a valuation of $4.4 billion by 2027.

In recent years, China has become the leader in terms of sales of the largest number of luxury cars. The number of people with high net worth in the country increased to around 2.3 million, while the number of individuals with ultra-high net worth stood at 26,700 in 2019. This figure was projected to grow by about 46% in the coming five years. This will increase the sales of luxury cars and related car care products and services manifold in the future.

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Impact of COVID-19 on sales of car care products in Asia Pacific:

Several countries in the APAC region were badly hit by the COVID-19 pandemic, which forced most industries to either close shop for a short period or operate at reduced capacity. The regional automotive sector in particular saw a sharp drop in its profit margins, with many manufacturing plants facing severe supply chain disruptions due to paucity of manpower and raw materials.

Regional governments imposed restrictions and lockdowns to prevent the virus from spreading. All these aspects hindered the progress of manufacturing car care products in Asia Pacific. But it allowed many vehicle owners to perform maintenance on their own until auto service stations reopened to full capacity. As areas reopen for operations and automotive sales pick up, demand for car care products will subsequently grow at a steady pace.

Car care product suppliers in the APAC region use online distribution channels:

Online distribution channels will be widely used to sell car care products in Asia Pacific. The number of virtual platforms selling these products has increased manifold in recent years to provide convenience and a wider range of products to the far-flung customers. The COVID-19 pandemic has played a significant role in this as the regional population is increasing the use of online mediums to purchase items of their choice. Online channels give customers the freedom to choose from a wide variety of solutions and offer an affordable price range. Companies specializing in the production of car care products can aim to broaden their customer base with the help of these online platforms.

Consumption of glaze and coating car care products in Europe:

Glaze and coating items will grow at a CAGR of 1.5% through 2027. A glaze contains finely refined oils, fillers and leveling agents that will help fill in light scratches and swirls. This product finds immense use in the maintenance of light colored vehicles and helps in restoring the lost shine and luster. Coatings are a protective layer applied to the paint to protect it from scratches and dirt.

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European car care products focus on interior applications:

As important as keeping the exterior of the car free from dirt and scratches, the interior requires just as much attention. The interior segment will expand at a CAGR of 1.9% by 2027 as the need to keep upholstery and dashboard free of mildew and dirt is gaining importance.

Special carpet steam cleaners are used to get rid of dirt and tough stains from cargo area carpeting and floor mats. Aromatic sprays are used to eliminate odors in cars and portable air fresheners are installed to keep the smell clean and fresh. All these factors enhance the driving experience of the car owners and will contribute positively in helping the overall Car care products market in Europe Reach an estimated valuation of about $4 billion by 2027.

Car maintenance is an important activity that needs to be done in a timely manner to extend the life of the vehicle and improve its efficiency and performance. People across the world are becoming aware of the importance and benefits of using car maintenance services, thereby increasing the demand for car care products. There are some additional benefits of using these products apart from enhancing the beauty of the car, they make the exterior resistant to scratches, improve the durability of the paint and protect the vehicle from extreme weather conditions.

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