Automotive Aftermarket Appearance Chemicals Market Report 2022: Pre-Owned Cars & Auto Leasing Drives Growth

Dublin, Jan. 27, 2023 /PRNewswire/ -- The "Automotive Aftermarket Appearance Chemicals - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Automotive Aftermarket Appearance Chemicals Market to Reach $5.2 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Automotive Aftermarket Appearance Chemicals estimated at US$4.4 Billion in the year 2022, is projected to reach a revised size of US$5.2 Billion by 2030, growing at a CAGR of 2.2% over the analysis period 2022-2030. Windshield Washer Fluids, one of the segments analyzed in the report, is projected to record a 1.6% CAGR and reach US$1.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Waxes / Polishes segment is readjusted to a revised 2.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 3.5% CAGR

The Automotive Aftermarket Appearance Chemicals market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$968.6 Million by the year 2030 trailing a CAGR of 3.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 1.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$649.1 Million by the year 2030.

Select Competitors (Total 72 Featured) -

• 3M Automotive Aftermarket Division
• 3M Company
• Blue Ribbon Products Inc.
• Illinois Tool Works Inc.
• Meguiar`s Inc.
• Niteo Products LLC
• Northern Labs Inc.
• Permatex Inc.
• Protect All Inc.
• Turtle Wax Inc.

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Automotive Appearance Chemicals Market - A Prelude
• Recent Market Activity
• New Vehicles have Higher Per Capita Usage
• Economic Factors Play an Important Role in the Market
• Global GDP Growth Plateauing - A Mixed Bag of Opportunities
• Market Outlook
• Global Market Analysis
• Automotive Aftermarket Appearance Chemicals - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

• 3M Company (USA)
• 3M Automotive Aftermarket Division (USA)
• Bondo Corporation (USA)
• Meguiar's, Inc. (USA)
• Armored AutoGroup Inc. (USA)
• Blue Ribbon Products, Inc. (USA)
• ITW Global Brands (USA)
• Permatex, Inc. (USA)
• Niteo Products, LLC (USA)
• Northern Labs, Inc. (USA)
• Protect All, Inc. (USA)
• Turtle Wax, Inc. (USA)

3. MARKET TRENDS & DRIVERS

• Large Global Base of Vehicle Fleet & Projected Rise in New Auto Sales Offers Potential for Growth
• Increasing Vehicular Population Provides Immense Opportunities
• Demand for Aftermarket Automotive Appearance Chemicals Grows Rapidly as Vehicle Owners Retain their Vehicles Longer
• Technology Improvements Increase Vehicle Life
• Increased Life Brings Maintenance into Focus
• Increasing Affinity for Road Trips Spurs Market for Appearance Chemicals
• Need for Product Differentiation Drives Innovations in Specialty Automotive Coating Chemicals
• Growing Awareness on Importance of Vehicle Maintenance - A Major Growth Factor
• Making Most of Opportunities in the DIY Segment
• Growing Demand for DIFM Services Turn 'Service Providers' into Target Customers for Aftermarket Appearance Chemicals
• Pre-Owned Cars & Auto Leasing Drives Growth
• Luxury Car Owners - A Premier Market Segment
• China and India Zooming Ahead in Luxury Car Sales
• Car Grooming Centers Play a Vital Role in the Market
• Growing Investments on Vintage & Classic Cars Augurs Well for the Market
• Environmental Friendly Products Top Priority Charts of Manufacturers
• Solvent Based Coatings Make Way for Water Based Formulations
• Volatile Silicones Emerge as an Alternative to Hydrocarbon Based Solvents
• Easy-to-Use Products Gain Popularity
• Introduction of Silicone Waxes in Automotive Polishes Gains Prominence
• Plasti Dipping Trend Gains Traction for Protecting Vehicular Appearance
• Advancing Material Technology - Boon or Bane?
• Internet Retailing - A Major Growth Avenue
• Soaring Costs of Raw Materials for Automotive Refinish Coatings - A Key Challenge

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/b1cpug

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