Automotive Appearance Chemicals Market Research Report – Global Forecast till 2030

Automotive Appearance Chemicals Market: Information by Product Type (Protectors, Polishes and Waxes, Sealants, Glass and Wheel Care), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Region — Global Forecast till 2030

ID: MRFR/CnM/5612-HCR | February 2021 | Region: Global | 140 pages

Automotive Appearance Chemicals Market

The market size to top US$ 41.7 Bn in 2030. Demand in the market is expected to increase at 4.9% CAGR between 2022 and 2030.

Segmentation

By Product Type Protectors Polishes and Waxes Sealants Glass and Wheel Care
By Vehicle Type Passenger Cars Light Commercial Vehicles Heavy Commercial Vehicles

Key Players

  • 3M (US)
  • The Dow Chemical Company (US)
  • Meguiar's (US)
  • Permatex (US)
  • Malco Products Inc (US)
  • Terra Silikon Teknolojileri ve Kimya (Turkey)
  • Nuvite Chemical Compounds (US)
  • General Chemical Corp (US)
  • and Blue Ribbon Inc (US).

Drivers

  • Augmenting demand led by the increasing production rate of automobiles
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Market Synopsis: Automotive appearance chemicals are the chemicals that protect, maintain, and enhance the visual attractiveness of vehicles. These chemicals include protectors, waxes and sealants, polishes, glass cleaners, and wheel care. These chemicals help in improving the gloss and durability of vehicles, thus enhancing the aesthetics. Polishes are widely used for removing scratches, paint runs, streaks, overspray, clouding, and holograms. Protectors are used to prevent fading, cracking, and premature aging of interior surfaces including vinyl, rubber, and plastic. Glass cleaners effectively remove road grime and tough dirt settled on the outside of automotive glass and also the oily and foggy film on the inside.


The key factors influencing growth of the global automotive appearance chemicals market is the increasing demand of these chemicals in passenger cars. The appearance chemicals are widely used by the automotive manufacturers to distinguish their products by improving shine and durability and also modifying sheeting effect, water beading potential, and feel. In addition, the aftermarket applications of the product are gaining popularity due to longer automobile retention, aesthetic appeals, and higher vehicle life expectancy. This is expected to fuel demand for automotive appearance chemicals during the forecast period. Moreover, luxury passenger cars and sports vehicles are the major consumers of these chemicals. Increasing sales of these vehicles due to rising disposable of individuals is likely to boost demand for these chemicals. Furthermore, the development of the low VOC and water based chemicals for use in cleaning of tires, glass, and other interior parts is expected to provide lucrative opportunities to the manufacturers of these chemicals. 


Global Automotive Appearance Chemicals Market Share, by Vehicle Type, 2017 (%) Source: MRFR analysis


Regional Analysis: Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa are the five regions studied for the global automotive appearance chemicals market. Europe held the largest market share in 2017 owing to the presence of significant number of automotive manufacturers in the region. The regional market is expected to witness steady growth during the forecast period.


Asia-Pacific is expected to be fastest growing regional market during the forecast period. In the recent years, this region has witnessed robust growth in terms of production and sale of the passenger cars and commercial vehicles. This is expected to fuel demand for automotive appearance chemicals in the coming years owing to their use during the maintenance of used vehicles. North America is closely following Asia-Pacific and accounted for a substantial share of this market in 2017. Increase in sales of luxury cars and rise in spending of the individuals for car care in the US are driving growth of the regional automotive appearance chemicals market.


The markets in the Middle East & Africa and Latin America held little shares in 2017, yet these regions are estimated to grow at a considerable CAGR of owing to high investment potential and significant growth of the automotive industry in these regions.


Market Segmentation: The global automotive appearance chemicals market has been segmented on the basis of product type, vehicle type, and region.


Based on product type, the global automotive appearance chemicals market has been divided into protectors, polishes and waxes, sealants, glass and wheel care, anti-misting agents, degreaser, and others.


By vehicle type, the global automotive appearance chemicals market has been categorized as passenger cars, light commercial vehicles, and heavy commercial vehicles.


The global automotive appearance chemicals market has been studied with respect to five regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players: Some of the key players in the global automotive appearance chemicals market are 3M (US), The Dow Chemical Company (US), Meguiar's (US), Permatex (US), Malco Products Inc (US), Terra Silikon Teknolojileri ve Kimya (Turkey), Nuvite Chemical Compounds (US), General Chemical Corp (US), and Blue Ribbon Inc (US).


Intended Audience:



  • Automotive appearance chemicals manufacturers

  • Traders and distributors of automotive appearance chemicals

  • Research and development institutes

  • Potential investors

  • Raw material suppliers


 



Report Scope:
Report Attribute/Metric Details
  Market Size    2030: Significant Value
  CAGR   Substantial Value
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Basis of product type, vehicle type, and region.
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   3M (US), The Dow Chemical Company (US), Meguiar's (US), Permatex (US), Malco Products Inc (US), Terra Silikon Teknolojileri ve Kimya (Turkey), Nuvite Chemical Compounds (US), General Chemical Corp (US), and Blue Ribbon Inc (US).
  Key Market Opportunities   Glass cleaners effectively remove road grime and tough dirt settled on the outside of automotive glass.
  Key Market Drivers   Augmenting demand led by the increasing production rate of automobiles .


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Frequently Asked Questions (FAQ) :

Automotive appearance chemicals are designed to protect, maintain, and enhance the visual attractiveness of vehicles. Protectors, Polishes & Waxes, Sealants, and Glass & Wheel Care are the major product types of automotive appearance chemicals.

By product type, the polishes and waxes segment and by vehicle type, the passenger cars segment account for the largest share in the global automotive appearance chemicals market.

Augmenting demand led by the increasing production rate of automobiles and rise in the global economy are the major tailwinds pushing the growth of the global automotive appearance chemicals market.

Europe holds the largest share in the global automotive appearance chemicals market, followed by the Asia Pacific and North America, respectively.

The Dow Chemical Company (US), 3M (US), Meguiar's (US), Malco Products Inc. (US), Permatex (US), Terra Silikon Teknolojileri ve Kimya (Turkey), General Chemical Corp (US), Nuvite Chemical Compounds (US), and Blue Ribbon Inc. (US), are some of the major players operating in the automotive appearance chemicals market.