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Automotive Aftermarket Appearance Chemicals - Global Market Trajectory & Analytics

  • ID: 338489
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3M Company
  • Blue Ribbon Products Inc.
  • Illinois Tool Works Inc.
  • Meguiar`s Inc.
  • Niteo Products LLC
  • Northern Labs Inc.
  • MORE
Global Automotive Aftermarket Appearance Chemicals Market to Reach $5.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Aftermarket Appearance Chemicals estimated at US$4.4 Billion in the year 2020, is projected to reach a revised size of US$5.2 Billion by 2027, growing at a CAGR of 2.3% over the analysis period 2020-2027. Windshield Washer Fluids, one of the segments analyzed in the report, is projected to record a 1.5% CAGR and reach US$1.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Waxes/Polishes segment is readjusted to a revised 3.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 4.3% CAGR

The Automotive Aftermarket Appearance Chemicals market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 4.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1% CAGR.

Protectants Segment to Record 2.8% CAGR

In the global Protectants segment, USA, Canada, Japan, China and Europe will drive the 2.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$793.9 Million in the year 2020 will reach a projected size of US$931.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$704.2 Million by the year 2027, while Latin America will expand at a 3.6% CAGR through the analysis period.

Select Competitors (Total 70 Featured):
  • 3M Automotive Aftermarket Division
  • 3M Company
  • Blue Ribbon Products Inc.
  • Illinois Tool Works Inc.
  • Meguiar`s Inc.
  • Niteo Products LLC
  • Northern Labs Inc.
  • Permatex Inc.
  • Protect All Inc.
  • Turtle Wax Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • Blue Ribbon Products Inc.
  • Illinois Tool Works Inc.
  • Meguiar`s Inc.
  • Niteo Products LLC
  • Northern Labs Inc.
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Automotive Appearance Chemicals Market - A Prelude
  • Recent Market Activity
  • New Vehicles have Higher Per Capita Usage
  • Economic Factors Play an Important Role in the Market
  • Global GDP Growth Plateauing - A Mixed Bag of Opportunities
  • Market Outlook
  • Global Market Analysis
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • 3M Company (USA)
  • 3M Automotive Aftermarket Division (USA)
  • Bondo Corporation (USA)
  • Meguiar's, Inc. (USA)
  • Armored AutoGroup Inc. (USA)
  • Blue Ribbon Products, Inc. (USA)
  • ITW Global Brands (USA)
  • Permatex, Inc. (USA)
  • Niteo Products, LLC (USA)
  • Northern Labs, Inc. (USA)
  • Protect All, Inc. (USA)
  • Turtle Wax, Inc. (USA)
3. MARKET TRENDS & DRIVERS
  • Large Global Base of Vehicle Fleet & Projected Rise in New Auto Sales Offers Potential for Growth
  • Increasing Vehicular Population Provides Immense Opportunities
  • Demand for Aftermarket Automotive Appearance Chemicals Grows Rapidly as Vehicle Owners Retain their Vehicles Longer
  • Technology Improvements Increase Vehicle Life
  • Increased Life Brings Maintenance into Focus
  • Increasing Affinity for Road Trips Spurs Market for Appearance Chemicals
  • Need for Product Differentiation Drives Innovations in Specialty Automotive Coating Chemicals
  • Growing Awareness on Importance of Vehicle Maintenance - A Major Growth Factor
  • Making Most of Opportunities in the DIY Segment
  • Growing Demand for DIFM Services Turn 'Service Providers' into Target Customers for Aftermarket Appearance Chemicals
  • Pre-Owned Cars & Auto Leasing Drives Growth
  • Luxury Car Owners - A Premier Market Segment
  • China and India Zooming Ahead in Luxury Car Sales
  • Car Grooming Centers Play a Vital Role in the Market
  • Growing Investments on Vintage & Classic Cars Augurs Well for the Market
  • Environmental Friendly Products Top Priority Charts of Manufacturers
  • Solvent Based Coatings Make Way for Water Based Formulations
  • Volatile Silicones Emerge as an Alternative to Hydrocarbon Based Solvents
  • Easy-to-Use Products Gain Popularity
  • Introduction of Silicone Waxes in Automotive Polishes Gains Prominence
  • Plasti Dipping Trend Gains Traction for Protecting Vehicular Appearance
  • Advancing Material Technology - Boon or Bane?
  • Internet Retailing - A Major Growth Avenue
  • Soaring Costs of Raw Materials for Automotive Refinish Coatings - A Key Challenge
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 70
Note: Product cover images may vary from those shown
  • 3M Automotive Aftermarket Division
  • 3M Company
  • Blue Ribbon Products Inc.
  • Illinois Tool Works Inc.
  • Meguiar`s Inc.
  • Niteo Products LLC
  • Northern Labs Inc.
  • Permatex Inc.
  • Protect All Inc.
  • Turtle Wax Inc.
Note: Product cover images may vary from those shown
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