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Automotive Aftermarket Appearance Chemicals Market Is Expected To Expand At Sluggish CAGR Of 2% By 2031

 Fact.MR's recent report on the automotive aftermarket appearance chemicals market forecasts a rather sluggish, yet positive outlook, estimated to surpass US$ 5 Bn by 2031, expanding at a little over 2% CAGR. Increasing ownership of luxury vehicles is primarily generating demand for automotive aftermarket appearance chemicals, attributed to their heightened maintenance requirements.


Historically, the market grew moderately, expanding at a CAGR of under 3% from 2016 to 2020, being valued at over US$ 1 Bn in 2016, and surpassing US$ 4 Bn by 2020. This slow growth is attributed to a general slowdown in the global automotive industry. Prospects were further dimmed due to recessionary pressures induced by the COVID-19 pandemic.


𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=S&rep_id=6400 

Future growth prospects are expected to be influenced by a flourishing EV market. According to the International Energy Agency, the number of electric vehicles will likely hit 125 million by 2030. Hence, maintenance cycles are bound to increase, as these vehicles are expected to consume a significant amount of material, including tires, paints, and drivetrains. This is expected to provide manufacturers renewed opportunities to establish revenue pools across key markets.

𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝗦𝘁𝘂𝗱𝘆
• 𝐏𝐫𝐨𝐝𝐮𝐜𝐭
Automotive Aftermarket Windshield Washer Fluids
Automotive Aftermarket Waxes/Polishes
Automotive Aftermarket Protectants
Automotive Aftermarket Wheel & Tire CleanersProduct
Automotive Aftermarket Windshield Washer Fluids
Automotive Aftermarket Waxes/Polishes
Automotive Aftermarket Protectants
Automotive Aftermarket Wheel & Tire Cleaners

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲
• Sales of waxes/polishes to increase the most, at over 3% CAGR through 2031
• Windshield washer fluid demand to reach a valuation of over US$ 1 Bn by 2031
• Automotive aftermarket protectants to experience growth of nearly 3% CAGR across the forecast period
• High automotive demand augmenting sales prospects across the U.S, topping US$ 1 Bn in 2020
• China to register moderate, yet steady growth, expanding at above 4% CAGR over the next ten years
• Australia, India, and South Korea to collectively be valued at above US$ 700 Mn

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 - https://www.factmr.com/connectus/sample?flag=RC&rep_id=6400 

𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧
3M Company, Blue Ribbon Products Inc., Illinois Tool Works Inc., Meguiar's Inc., Niteo Products LLC, Northern Labs Inc., Permatex Inc., Protect All Inc. and Turtle Wax Inc. are some prominent automotive aftermarket appearance chemical manufacturers profiled in Fact.MR's report.

• In June 2020, Turtle Wax Inc. launched the Namaste India car care kit, as part of its celebration regarding establishment of its manufacturing base across South Asia. The kit comprises the Ice Snow Foam Wash, Quick & Easy Turtle Wax Interior 1 Cleaner, and the Quick & Easy Turtle Wax Inside & Out Protectant, among others.

• Niteo Products LLC offers the Valvoline Automotive System Fluids and Maintenance Chemicals; Max Life Automotive System Fluids for High Mileage Vehicles, Pyroil Automotive System Fluids, and Maintenance and Winter Chemicals.

𝗙𝗼𝗿 𝗶𝗻-𝗱𝗲𝗽𝘁𝗵 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀, 𝗡𝗼𝘄 - https://www.factmr.com/checkout/6400 

𝗠𝗼𝗿𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲

Fact.MR, in its new offering, presents an unbiased analysis of the automotive aftermarket appearance chemicals market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of product (windshield washer fluids, waxes/polishes, protectants, and wheel & tire cleaners) across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa)


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