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 2023 | Region: Global | 140 Pages
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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.
$41.7
4.9%
Asia Pacific
2022 - 2030
Automotive Appearance Chemicals Market Overview The market size to top US$ 41.7 Bn in 2030. Demand in the market is expected to increase at 4.9% CAGR between 2022 and 2030. Chemicals that protect, maintain, and enhance the visual appeal of automobiles are known as automotive appearance chemicals. Protectors, waxes and sealants, polishes, glass cleaners, and wheel maintenance are examples of these substances. These compounds improve the shine and durability of automobiles, hence boosting their appearance. Scratches, paint runs, streaks, overspray, clouding, and holograms are all easily removed using polishes. Protectors are used to keeping interior surfaces like vinyl, rubber, and plastic from fading, breaking, and deteriorating prematurely. Glass cleaners successfully remove road grime and tough filth that has accumulated on the outside of car glass, as well as the greasy and foggy film that has accumulated on the inside. The increasing demand for these chemicals in passenger automobiles is one of the primary reasons driving the global automotive aesthetic chemicals market. Automotive manufacturers employ aesthetic compounds to differentiate their goods by boosting gloss and durability, as well as changing sheeting effect, water beading potential and feel. Furthermore, the product's aftermarket uses are increasing in popularity due to longer vehicle retention, aesthetic appeals, and increased vehicle life expectancy. During the projected period, this is expected to boost demand for automobile appearance chemicals. Furthermore, these compounds are primarily consumed by premium passenger automobiles and sports vehicles. Increasing sales of these cars as a result of increased individual disposable income is projected to increase demand for 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).Recent Development
Washing an automobile and allowing the runoff to seep into a storm drain is illegal in Medford, Oregon, and a fine of USD 1,000 is imposed. In California, wasting water while washing a car can result in a fine of USD 500. Increased sales of luxury automobiles and increased consumer expenditure on car care in the United States are propelling the regional automotive appearance chemicals market, particularly 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 . |
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.
