Published by news degree
Posted on August 3, 2021
The Car Care Products market was valued at USD 13.2 billion in 2018 and is expected to reach USD 19.06 billion by year 2026, at a CAGR of 6.3% CAGR during the forecast period (from 2018 – 2026). The rising demand for high-performance chemical products which are used for long-lasting durability and quality of cars. Old vehicles and the declining trend of replacement of vehicles also support the growth of the market. The car care products market is majorly driven by the growing security and safety needs.
The development of the car care products market is into a growing phase owing to the advancement of the technology in vehicle washing techniques. The growing disposable income in key geographies enables customers to buy these products. Partnerships between manufacturers of car care products and company-authorized service centers will deliver efficient end-to-end solutions to the end customers. Increasing awareness amongst the customers of the advantages of the market boosting the growth of the market.
As car care products are used to maintain the varnish of the vehicle body or to remove dirt from vehicles’ parts, the main hazardous components in the car care product are tensides, solvents, bases and acids, and several types of additives. The most commonly used solvents in car care products seem to be mineral oil distillates (Naptha; heavy, medium, and or light fractions), which are likely (contain substances which can) to cause cancer or gene mutations. Many of these naphtha solvents may also result into aspiration hazards. This implies substances may enter the lower respiratory system directly through mouth or nose and might cause severe pulmonary damage or inflammations. Other few substances in car care products (mostly different types of alcohols) likely to cause corrosion or irritation of the skin and severe damage to eyes. This might restrain the growth of traditional car care product and might result in developing less hazardous car care products.
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Key participants include
3M (USA), Illinois Tool works (USA), Autoglym (UK), Sonax (Germany), Würth Group (Germany), Soft99 Corporation (Japan), Tetrosyl (UK), Simoniz USA (USA), Turtle Wax (USA), Liqui Moly (Germany), Northern Labs (USA), and others.
Further key findings from the report suggest
Manufacturers of cleaning products are innovating the entire product line. One of the major trends in the system is bio-based cleaning products. In bio-based cleaning products, manufacturers have replaced fossil-based ingredients with bio-based ingredients like enzymes or plant oil
Cleaning products segment are projected to be the leading segment of the overall car care product market during the forecast period
Sustainability trend has taken priority over the last few years. ~80% of all ingredients found in car care products launched in North America claimed to be green solutions like plant-based and biodegradable products.
The increasing need for environmentally friendly and waterless/no-rinse products owing to growing environmental concerns and restrictions
Demand for the water-based solvent is increasing due to several reasons like several countries around the globe are facing the issue of water shortage, and hence governments are imposing rules and regulations towards the usage of water. Also, in multiple cases, the customer does not require water to clean the surface after the application of water-based solvents, but it can be wiped off the surface of the vehicle with a dry cloth
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For this report, Reports and Data have segmented into the global Car Care Products market on the basis of resin type, composite phases, industry vertical, and region:
Car Care Products by Product (Revenue, USD Million; 2016–2026)
Cleaning and Caring
Polishing and Waxing
Sealing glaze and coating
Protection
Ice Scrappers
Other
Car Care Products by Component Material (Revenue, USD Million; 2016–2026)
Glass
Rubber
Leather
Metal Bodies
Other
Car Care Products by Distribution Channel (Revenue, USD Million; 2016–2026)
Online
Brick and Mortar
Car Care Products by Solvent (Revenue, USD Million; 2016–2026)
Water-based Solvents
Foam-based Solvents
Car Care Products by Application Area (Revenue, USD Million; 2016–2026)
Interior
Exterior
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2350
Have a Look at Related Reports:
Fleet Management Market By Type (Solution, Service), By Verticals (Operation Management, Tracking & Analytics), By Fleet Type (Aircraft, Road Transportation, Marine), By End-Use Industries (Mobility Solutions, Government Bodies), And Segment Forecasts, 2016-2026
Automotive Aftermarket Wheels Market Analysis, By Material Type (Steel, Aluminum, Alloy) By Coating Type (Chrome, Paint, Gold) By Size Type (8-12 Inch, 13-17 Inch, 18-21 Inch, above 21 Inch) By Manufacturing Process (Casting, Flow Forming, Forging), Forecasts to 2026
Automotive Diagnostics Market By Vehicle Type (Commercial And Passenger), By Equipment Type (Exhaust Gas Analyzer, Paint Scan Equipment, Wheel Alignment Equipment, Dynamometer, and Headlight Tester), By Product Type, And Segment Forecasts To 2027
Automotive Maintenance Tools Market Size, Share And Industry Analysis By Type (Battery Chargers, Creepers And Creeper Casters, Funnel, Measuring Cups/pitcher/scoop, Automotive Specialized Tools, Drain And Drip Pans, Others), By Vehicle Type (Passenger Car, Heavy And Medium Duty Vehicles, Light Duty Vehicles, Motorcycles, Others) And Region, Segment Forecasts To 2025
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Car Care Products Market Size, Regional Outlook, Competitive Landscape, Revenue Analysis & Forecast Till 2026 | Top Key Players 3M, Illinois Tool works, Autoglym, Sonax, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The Car Care Products market was valued at USD 13.2 billion in 2018 and is expected to reach USD 19.06 billion by year 2026, at a CAGR of 6.3% CAGR during the forecast period (from 2018 – 2026). The rising demand for high-performance chemical products which are used for long-lasting durability and quality of cars. Old vehicles and the declining trend of replacement of vehicles also support the growth of the market. The car care products market is majorly driven by the growing security and safety needs.
The development of the car care products market is into a growing phase owing to the advancement of the technology in vehicle washing techniques. The growing disposable income in key geographies enables customers to buy these products. Partnerships between manufacturers of car care products and company-authorized service centers will deliver efficient end-to-end solutions to the end customers. Increasing awareness amongst the customers of the advantages of the market boosting the growth of the market.
As car care products are used to maintain the varnish of the vehicle body or to remove dirt from vehicles’ parts, the main hazardous components in the car care product are tensides, solvents, bases and acids, and several types of additives. The most commonly used solvents in car care products seem to be mineral oil distillates (Naptha; heavy, medium, and or light fractions), which are likely (contain substances which can) to cause cancer or gene mutations. Many of these naphtha solvents may also result into aspiration hazards. This implies substances may enter the lower respiratory system directly through mouth or nose and might cause severe pulmonary damage or inflammations. Other few substances in car care products (mostly different types of alcohols) likely to cause corrosion or irritation of the skin and severe damage to eyes. This might restrain the growth of traditional car care product and might result in developing less hazardous car care products.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2350
Key participants include
3M (USA), Illinois Tool works (USA), Autoglym (UK), Sonax (Germany), Würth Group (Germany), Soft99 Corporation (Japan), Tetrosyl (UK), Simoniz USA (USA), Turtle Wax (USA), Liqui Moly (Germany), Northern Labs (USA), and others.
Further key findings from the report suggest
Manufacturers of cleaning products are innovating the entire product line. One of the major trends in the system is bio-based cleaning products. In bio-based cleaning products, manufacturers have replaced fossil-based ingredients with bio-based ingredients like enzymes or plant oil
Cleaning products segment are projected to be the leading segment of the overall car care product market during the forecast period
Sustainability trend has taken priority over the last few years. ~80% of all ingredients found in car care products launched in North America claimed to be green solutions like plant-based and biodegradable products.
The increasing need for environmentally friendly and waterless/no-rinse products owing to growing environmental concerns and restrictions
Demand for the water-based solvent is increasing due to several reasons like several countries around the globe are facing the issue of water shortage, and hence governments are imposing rules and regulations towards the usage of water. Also, in multiple cases, the customer does not require water to clean the surface after the application of water-based solvents, but it can be wiped off the surface of the vehicle with a dry cloth
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2350
For this report, Reports and Data have segmented into the global Car Care Products market on the basis of resin type, composite phases, industry vertical, and region:
Car Care Products by Product (Revenue, USD Million; 2016–2026)
Cleaning and Caring
Polishing and Waxing
Sealing glaze and coating
Protection
Ice Scrappers
Other
Car Care Products by Component Material (Revenue, USD Million; 2016–2026)
Glass
Rubber
Leather
Metal Bodies
Other
Car Care Products by Distribution Channel (Revenue, USD Million; 2016–2026)
Online
Brick and Mortar
Car Care Products by Solvent (Revenue, USD Million; 2016–2026)
Water-based Solvents
Foam-based Solvents
Car Care Products by Application Area (Revenue, USD Million; 2016–2026)
Interior
Exterior
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2350
Have a Look at Related Reports:
Fleet Management Market By Type (Solution, Service), By Verticals (Operation Management, Tracking & Analytics), By Fleet Type (Aircraft, Road Transportation, Marine), By End-Use Industries (Mobility Solutions, Government Bodies), And Segment Forecasts, 2016-2026
Automotive Aftermarket Wheels Market Analysis, By Material Type (Steel, Aluminum, Alloy) By Coating Type (Chrome, Paint, Gold) By Size Type (8-12 Inch, 13-17 Inch, 18-21 Inch, above 21 Inch) By Manufacturing Process (Casting, Flow Forming, Forging), Forecasts to 2026
Automotive Diagnostics Market By Vehicle Type (Commercial And Passenger), By Equipment Type (Exhaust Gas Analyzer, Paint Scan Equipment, Wheel Alignment Equipment, Dynamometer, and Headlight Tester), By Product Type, And Segment Forecasts To 2027
Automotive Maintenance Tools Market Size, Share And Industry Analysis By Type (Battery Chargers, Creepers And Creeper Casters, Funnel, Measuring Cups/pitcher/scoop, Automotive Specialized Tools, Drain And Drip Pans, Others), By Vehicle Type (Passenger Car, Heavy And Medium Duty Vehicles, Light Duty Vehicles, Motorcycles, Others) And Region, Segment Forecasts To 2025
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Car Care Products Market Size, Regional Outlook, Competitive Landscape, Revenue Analysis & Forecast Till 2026 | Top Key Players 3M, Illinois Tool works, Autoglym, Sonax, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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