Automotive Aftermarket Appearance Chemicals Market
Automotive Aftermarket Appearance Chemicals Market Analysis by Windshield Washer Fluids and Waxes/Polishes from 2023 to 2033
Analysis of Automotive Aftermarket Appearance Chemicals Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Automotive Aftermarket Appearance Chemicals Market Outlook
The global automotive aftermarket appearance chemicals market abbreviated as AAACs by Fact.MR, is estimated to be valued at US$ 4.6 billion in 2023 and to grow at a CAGR of 4.5% to reach a valuation of US$ 7.1 billion by the end of 2033.
Automotive aftermarket appearance chemicals include protectants, washer fluids, cleaners, and others used to enhance the appearance of vehicle body during maintenance and post wear and tear incidence.
| Report Attributes | Details |
|---|---|
|
Market Size (2022A) |
US$ 4.4 Billion |
|
Estimated Market Value (2023E) |
US$ 4.6 Billion |
|
Forecasted Market Value (2033F) |
US$ 7.1 Billion |
|
Global Market Growth Rate (2023 to 2033) |
4.5% CAGR |
|
Europe Market Share (2023) |
28.7% |
|
China Market Growth Rate (2023–2033) |
4.0% CAGR |
|
Key Companies Profiled |
3M Company; Blue Ribbon Products Inc.; Illinois Tool Works Inc.; Meguiar's Inc.; Niteo Products LLC; Northern Labs Inc.; Permatex Inc. |
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AAACs Market Buoyancy Analysis
AAACs are likely to witness high demand in light of the growing automotive industry, for instance, the global automotive manufacturing industry was valued at US$ 3.0 trillion in 2022 and is anticipated to grow with a prominent growth rate. Hence, the demand for windshield washer fluids, cleaners, and structure protectants to increase during the forecast period.
- Short Term (2023–2026): The growing automotive sector is estimated to be a prominent factor to drive the AAACs market during the forecast period.
- Medium Term (2026–2029): Pullulating rental car services and increasing sales of electric vehicles especially across emerging economies such as Brazil, China, and others to supplement AAACs market growth.
- Long Term (2029–2033): Efforts led by market players are set to create ample growth opportunities for the market players. For instance, noble product development coupled with a pricing strategy is likely to drive the market in a long run.
According to the Fact.MR analysis, the historic growth rate for the AAACs market was 3.5% and is estimated to grow at a CAGR of 4.5% during the forecast period from 2023–2033, According to the Fact.MR, a market research and competitive intelligence provider.
Market Dynamics Overview
“Surging Rental Car Service Industry to Augment AAACs Market Growth”
Owing to significant growth of the travel and tourism sector, the demand for rental cars is expected to increase during the forecast period. Additionally, the growing urban population and their interest in travel and adventure coupled with rising disposable income are likely to drive the car rental service market.
Governments of both developed and developing economies emphasize lowering vehicle emissions and promoting car rentals as one of the most cost-effective modes of transportation. Other factors, such as the availability of car rental services through websites and mobile applications, along with the growing expenditure capacity of individuals, are anticipated to fuel the car rental service market.
With the growing car rental service, car maintenance and servicing play a crucial role to determine the rental prices. AAACs are used to clean, protect, and strengthen vehicular structures for end-use purposes, which is anticipated to drive AAAC’s market growth.
“Factors Affecting AAACs Market Growth”
Factors such as fluctuating crude oil prices and energy crisis impact the production of AAACs. For instance, the energy crisis arising due to the ongoing Russia-Ukraine War is likely to push certain economies to halt their manufacturing operations, especially during winter to meet basic energy requirements.
On the back of this, the reduction in chemical production and lack of raw materials due to the supply chain gap is likely to hamper AAACs market growth. As many European countries are highly dependent on either Ukraine or Russia for their energy-related requirements.
Predominating economies such as Italy, Saudi Arabia, China, and Russia in terms of oil and gas production are witnessing certain crises which led to a hike in oil and gas prices at the global level.
For instance, Italy and Russia are witnessing numerous sanctions and trade crises imposed by the U.S. coupled with Saudi Arabia's initiatives to reduce per-day oil production, and China is still emerging from the COVID-19 crisis, such factors are responsible for skyrocketing fuel prices, affecting AAACs market growth. As numerous chemicals required for automotive aftermarket appearance are produced using crude oil or petroleum as base material.
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Country-wise Insights
What are the Factors Driving AAACs Demand Across the US?
Across the U.S., car washing demand multiplied over the years. The growth is attributed to the improved services coupled with pocket-friendly packages adopted by service providers.
Hence, due to this, the demand for professional car cleaning services is anticipated to increase. Further, the strict environmental regulations that forbid household methods of car washing are likely to contribute to the growth of the car washing industry across the U.S. Also, consumers' attention to routine vehicle maintenance is projected to keep growing owing to increasing disposable income.
The growing car wash industry across the U.S. creates demand for automotive aftermarket appearance chemicals to offer proper car servicing for customers.
Why is the Brazilian AAACs Market Expected to Be Highly Lucrative?
The electric vehicles market is growing tremendously across the globe due to the consumer preference towards sustainable moving as well as government favorable incentives are likely to create high demand for the electric vehicle market at the global level, especially across emerging economies such as Brazil.
Brazil projected a plethora of opportunities for electric vehicle manufacturers across the country as supportive government incentives, shifting consumer preference, and other factors are contributing to the EV market growth. On the back of that Chinese automaker, BYD Co Ltd started marketing its two new electric vehicle models in Brazil in November 2022.
Brazil has over 0.1 million electric vehicles operating on the roads, including 50,000 electric buses and many to come during the forecast period. With the growing vehicular use the demand for their maintenance is likely to increase, in the light of aforementioned facts, the demand for AAACs increases to protect vehicle structure, wheels, windshields, and others from wear & tear.
Category-wise Insights
Why Wax/Polish Product Type is Growing?
Polishes are used to enhance the surface appearance caused by wear & tear incidence. The flattened surface gives vehicles a clean appearance while ensuring proper light reflection. The main raw materials used in the production of polish used in automotive aftermarket appearance chemicals are silicone, and carnauba wax and many more.
This is likely to drive the demand for wax or polishes in the AAACs market during the forecast period at a CAGR of 4%.
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Eminent Player’s Key Stratagems
Eminent automotive aftermarket appearance chemicals manufacturers are 3M Company, Blue Ribbon Products Inc., Illinois Tool Works Inc., and Meguiar's Inc.
Market players are adopting ground–breaking strategies to gain a competitive advantage over other players operating in the market. Establishing long-term trade relations with the end-users enables AAACs manufacturers to develop a noble product that caters to the needs of the consumers. Further, the enhancement of production capacity and development of new and advanced product ranges in the line of AAACs is likely to supplement the revenue growth for the AAACs manufacturers.
Fact.MR has provided detailed information about the price points of key manufacturers of automotive aftermarket appearance chemicals positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Automotive Aftermarket Appearance Chemicals Industry Research
-
By Product Type :
- Windshield Washer Fluids
- Waxes/Polishes
- Protectants
- Wheel & Tire Cleaners
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Windshield Washer Fluids
- 7.2. Wax/Polishes
- 7.3. Protectants
- 7.4. Wheel & Tire Cleaners
- 7.5. Others
- 8. Global Market Analysis and Forecast, By Region
- 8.1. North America
- 8.2. Latin America
- 8.3. Europe
- 8.4. East Asia
- 8.5. South Asia & Oceania
- 8.6. Middle East & Africa
- 9. North America Market Analysis and Forecast
- 10. Latin America Market Analysis and Forecast
- 11. Europe Market Analysis and Forecast
- 12. East Asia Market Analysis and Forecast
- 13. South Asia & Oceania Market Analysis and Forecast
- 14. Middle East & Africa Market Analysis and Forecast
- 15. Country-level Market Analysis and Forecast
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. 3M Company
- 17.2. Blue Ribbon Products Inc.
- 17.3. Illinois Tool Works Inc.
- 17.4. Meguiar's Inc.
- 17.5. Niteo Products LLC
- 17.6. Northern Labs Inc.
- 17.7. Permatex Inc.
- 17.8. Protect All Inc.
- 17.9. Turtle Wax Inc.
- 17.10. Other Players
- 18. Assumptions & Acronyms Used
- 19. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million), By Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast By Region, 2023 to 2033
Table 03. Global Market Volume (Tons), By Region, 2018 to 2022
Table 04. Global Market Volume (Tons) and Forecast By Region, 2023 to 2033
Table 05. Global Market Value (US$ million), By Product Type, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 07. Global Market Volume (Tons), By Product Type, 2018 to 2022
Table 08. Global Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 09. North America Market Value (US$ million), By Country, 2018 to 2022
Table 10. North America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 11. North America Market Volume (Tons), By Country, 2018 to 2022
Table 12. North America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 13. North America Market Value (US$ million), By Product Type, 2018 to 2022
Table 14. North America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 15. North America Market Volume (Tons), By Product Type, 2018 to 2022
Table 16. North America Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 17. Latin America Market Value (US$ million), By Country, 2018 to 2022
Table 18. Latin America Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 19. Latin America Market Volume (Tons), By Country, 2018 to 2022
Table 20. Latin America Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 21. Latin America Market Value (US$ million), By Product Type, 2018 to 2022
Table 22. Latin America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 23. Latin America Market Volume (Tons), By Product Type, 2018 to 2022
Table 24. Latin America Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 25. Europe Market Value (US$ million), By Country, 2018 to 2022
Table 26. Europe Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 27. Europe Market Volume (Tons), By Country, 2018 to 2022
Table 28. Europe Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 29. Europe Market Value (US$ million), By Product Type, 2018 to 2022
Table 30. Europe Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 31. Europe Market Volume (Tons), By Product Type, 2018 to 2022
Table 32. Europe Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 33. East Asia Market Value (US$ million), By Country, 2018 to 2022
Table 34. East Asia Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 35. East Asia Market Volume (Tons), By Country, 2018 to 2022
Table 36. East Asia Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 37. East Asia Market Value (US$ million), By Product Type, 2018 to 2022
Table 38. East Asia Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 39. East Asia Market Volume (Tons), By Product Type, 2018 to 2022
Table 40. East Asia Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 41. South Asia & Oceania Market Value (US$ million), By Country, 2018 to 2022
Table 42. South Asia & Oceania Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 43. South Asia & Oceania Market Volume (Tons), By Country, 2018 to 2022
Table 44. South Asia & Oceania Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 45. South Asia & Oceania Market Value (US$ million), By Product Type, 2018 to 2022
Table 46. South Asia & Oceania Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 47. South Asia & Oceania Market Volume (Tons), By Product Type, 2018 to 2022
Table 48. South Asia & Oceania Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 49. MEA Market Value (US$ million), By Country, 2018 to 2022
Table 50. MEA Market Value (US$ million) and Forecast By Country, 2023 to 2033
Table 51. MEA Market Volume (Tons), By Country, 2018 to 2022
Table 52. MEA Market Volume (Tons) and Forecast By Country, 2023 to 2033
Table 53. MEA Market Value (US$ million), By Product Type, 2018 to 2022
Table 54. MEA Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 55. MEA Market Volume (Tons), By Product Type, 2018 to 2022
Table 56. MEA Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Tons) By Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate By Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 07. North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 08. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 09. North America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 10. North America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 11. North America Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 12. North America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 13. North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 14. North America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 15. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 16. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 17. Latin America Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 18. Latin America Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 19. Latin America Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 20. Latin America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 21. Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure 22. Latin America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 23. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 24. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 25. Europe Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 26. Europe Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 27. Europe Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 28. Europe Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 29. Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure 30. Europe Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 31. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33. East Asia Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 34. East Asia Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 35. East Asia Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 36. East Asia Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 37. East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure 38. East Asia Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 39. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 40. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 41. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 42. South Asia & Oceania Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 43. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 44. South Asia & Oceania Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 45. South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure 46. South Asia & Oceania Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 47. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 48. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 49. MEA Market Value (US$ million) and Volume (Tons) By Country, 2023 & 2033
Figure 50. MEA Market Y-o-Y Growth Rate By Country, 2023 to 2033
Figure 51. MEA Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 52. MEA Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 53. MEA Market Attractiveness Analysis By Country, 2023 to 2033
Figure 54. MEA Market Attractiveness Analysis By Product Type, 2023 to 2033
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the Estimated Valuation of the AAACs Market in 2033?
The market is anticipated to reach a valuation of US$ 7.1 billion in 2033.
What are the Regions included in the AAACs Market Study?
The regions included in the AAACs market study include North America, Latin America, MEA, South Asia & Oceania, East Asia, and Europe.
Who are the Major Players Operating in the AAACs Market?
Prominent players in the AAACs market include 3M Company, Blue Ribbon Products Inc., Illinois Tool Works Inc., and Meguiar's Inc.
How did the Market Perform in the Past Five Years?
From 2018–2022 the market witnessed a prominent growth rate of 3.5% and was valued at US$ 4.4 billion in 2022 from US$ 3.7 billion in 2018.
What was the Global AAACs Market Size in 2022?
The global AAACs market is valued at US$ 4.4 billion in 2022.
Automotive Aftermarket Appearance Chemicals Market