Pune, India, April, 2018 /MRFR Press Release/- Market Research Future published a half cooked research report on global automotive cleaner & degreaser aftermarket. The Automotive cleaner & degreaser market is expected to expand at ~6% CAGR during the period 2017 to 2023.
The global automotive industry is seeing unprecedented increase in sales of automobiles of all types. This is making most of the governments cautious about the adverse impact of the large automobile sales. Large automobile sales result in large and ever-increasing fleet of automobiles, causing increased vehicular traffic. This leads to a rise in pollution, which in turn affects the quality of environment where automobile functions. This increases the amount of impurities and contaminants being exposed to the automobile critical engine components.
Contamination of the engine and automobile components by deposits involving grease & sludge, as also other engine combustion chamber by-products most likely has an adverse effect on the engine, efficiency. Globally, there is an increased demand for reducing the proportion of contaminants present in and around the engine and other automotive components. This is expected to ensure better vehicle performance and more efficient engine functionality. This would eventually boost the automotive cleaner and degreaser aftermarket since more automakers and customers would be interested to invest in cleaning and degreasing products to save higher vehicle repair costs eventually. The high preference in adopting these preventive measures for availing the periodic maintenance service by automotive consumers helps in ensuring the vehicle efficiency. Factors such as the rapid rise in the production quantities of both, passenger and the commercial vehicles and the enhanced average automobile lifespan, are further expected to add to the growth of the automotive cleaner and degreaser market. Increasingly stringent government emission norms and vehicle consumption regulations are adding to the need to keep the engine and critical components in top working condition devoid of any impurity.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. The customers from the North America region are known to prolong the life of their automobiles. This region has minimum one automobile for every person. The automotive customers in this region are also known to undertake long journeys related to work travel and leisure in their personal automobiles. Thus, the automobile customers here prefer large SUVs against smaller automobiles. The sales of automobiles and the auto maintenance and servicing industry in this region is witnessing a huge growth. The Europe region is known to have extreme weather conditions throughout the year. In such harsh conditions, it becomes imperative to properly maintain and service the automobile for improving their efficiency. The Asia Pacific region, is known to have the highest demand for automobiles, globally. The rising income of the middle class and the rising population in this region encourage the automakers to manufacture smaller sized cars. The formation of legalized automobile service centres is also on the rise in this region since people here are more interested in saving cost and extracting the maximum out of the purchased automobile. Thus, the global automotive cleaner and degreaser market will see higher growth in the foreseeable future.
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Scope of the Report
This study provides an overview of the Global Automotive Cleaner & Degreaser Aftermarket, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Automotive Cleaner & Degreaser Aftermarket by its Cleaner, Degreaser, Type, Supply, Vehicle Type and Region.
The key players in automotive cleaner & degreaser market are BASF SE (Germany), The 3M Company (U.S.), WD-40 (U.S.), The Dow Chemical Company (U.S.), and Fuchs Petrolub SE (Germany). The Würth Group (Germany), Zep Inc. (U.S.), The Penray Companies, Inc. (U.S.), The Radiator Company (U.S.), and ABRO Industries, Inc. (U.S.) are among the others.