Automotive Appearance Chemicals Market – Key Research Findings
- By the end of 2019, the global automotive appearance chemicals market is estimated to be pegged at around US$ 25 Bn.
- Estimated to CAGR of the Automotive Appearance Chemicals Market over 2019-2029 – Nearly 5%
- In terms of demand, South Asia & Pacific and East Asia are expected to register high growth in the automotive appearance chemicals market.
- Increasing automotive production coupled with rising per capita income and spending in China, India, and ASEAN countries are the key factors that are driving the demand for automotive appearance chemicals.
- Moreover, low labor cost, low cost of production, and lenient regulations in Asia Pacific are encouraging manufacturers to expand their production facilities in China and India, which, in turn, is expected to drive the demand for automotive appearance chemicals.
- The market for automotive appearance chemicals in North America and Europe is projected to register steady growth in the automotive appearance chemicals market.
- Growth in per capita disposable income in developing economies such as India, China, Brazil, and Saudi Arabia has led to the growing inclination of consumers towards the use of automotive services more often.
- Per capita spending on automotive services and repairs in these countries is also high, which is expected to surge the demand for car wash detergents and soaps in the aftermarket.
- As per the report of OICA, China, with around 15% share of the global vehicle fleet, is expected to witness 13.1% Y-o-Y growth in its fleet of vehicles. This increasing vehicle fleet in China is also related to the increasing population in the country. Owing to these factors, the sales of automotive appearance chemicals are expected to surge in China during the forecast period.
Top 3 Factors Shaping the Automotive Appearance Chemicals Market
- Increase in the Automotive Production
The production of automotive vehicles has significantly increased in recent years. Automotive manufacturers are focused on enhancing the gloss and finish of automotive exteriors, for which they use automotive appearance chemicals. The growth in automotive production is thus estimated to increase the demand for automotive appearance chemicals in the coming period.
- Expanding Automotive Fleet Size
Economic growth in Asia Pacific, Latin America, and MEA countries/regions such as India, China, Turkey, Northern Africa, and Brazil is expected to accelerate in the coming period, which will mainly result into an increase in industrialization and manufacturing activities in the region.
This scenario will lead to a surge in the demand for automobiles, which is estimated to escalate the demand for automotive appearance chemicals. Increasing per capita disposable income is reported to be one of the key drivers for the increasing per capita spending on automotive repairs and maintenance.
- Demand for Windshield Washer Fluid Remains High
The windshield washer fluid segment is expected to hold a lion’s share in terms of volume-wise consumption. Windshield washer fluid is an inseparable part of the automotive sector and is estimated to be a prominent segment in the automotive appearance chemicals market in terms of volumetric consumption. However, owing to the associated low price point, the windshield washer fluid segment is expected hold a relatively low value share in the market.
Automotive Appearance Chemicals Market Structure Analysis
- The global automotive appearance chemicals market is a significantly consolidated market. A significant share of the automotive appearance chemicals market is held by tier-2 players.
- Moreover, local players play an important role, as they are estimated to hold over 50% share in the global automotive appearance chemicals market. Acquisitions, expansion, and product innovation are some of the important strategies being employed by key participants to sustain and expand in the global automotive appearance chemicals market.
- Prominent automotive appearance chemicals market players are primarily located in the U.S. and Europe. Numerous key players are maintaining strategic focus on East and South Asia markets
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trend
1.3. Supply Side Trend
1.4. Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Key Success factors
4. Market Overview
4.1. Market Background
4.2. Industry Outlook
4.3. Market Dynamics
4.4. Value Chain Analysis
4.5. Forecast Factors: Relevance & Impact
5. Global Automotive Appearance Chemicals Market Demand Analysis 2014–2018 and Forecast 2019–2029
5.1. Historical Market Value (US$) and Volume (Tons) Analysis, 2014–2029
5.2. Pricing Analysis
6. Global Automotive Appearance Chemicals Market Analysis by Product type
6.1. Introduction
6.1.1. Market Value Share Analysis By Product type
6.1.2. Y-o-Y Growth Analysis By Product type
6.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Product type, 2014–2018
6.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Product type, 2019–2029
6.3.1. Polishes
6.3.2. Windshield Washer Fluids
6.3.3. Soaps
6.3.4. Coatings
6.3.5. Car Wax
6.4. Market Attractiveness Analysis By Product type
7. Global Automotive Appearance Chemicals Market Analysis by Vehicle type
7.1. Introduction
7.1.1. Market Value Share Analysis By Vehicle type
7.1.2. Y-o-Y Growth Analysis By Vehicle type
7.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Vehicle type, 2014–2018
7.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Vehicle type, 2019–2029
7.3.1. PC
7.3.2. LCV
7.3.3. HCV
7.4. Market Attractiveness Analysis By Vehicle type
8. Global Automotive Appearance Chemicals Market Analysis by Sales Channel
8.1. Introduction
8.1.1. Market Value Share Analysis By Sales Channel
8.1.2. Y-o-Y Growth Analysis By Sales Channel
8.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Sales Channel, 2014–2018
8.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Sales Channel, 2019–2029
8.3.1. Aftermarket
8.3.2. OEM
8.4. Market Attractiveness Analysis By Vehicle type
9. Global Automotive Appearance Chemicals Market Analysis by Region
9.1. Introduction
9.1.1. Market Value Share Analysis By Region
9.1.2. Y-o-Y Growth Analysis By Region
9.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Region, 2014–2018
9.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Region, 2019–2029
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. South Asia
9.3.5. East Asia
9.3.6. Middle East & Africa (MEA)
9.4. Market Attractiveness Analysis By Region
10. North America Automotive Appearance Chemicals Market Analysis
10.1. Introduction
10.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market Segments, 2014–2018
10.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019–2029
10.3.1. By Country
10.3.1.1. U.S.
10.3.1.2. Canada
10.3.2. By Product type
10.3.3. By Vehicle type
10.3.4. By Sales Channel
10.4. Drivers and Restraints – Impact Analysis
11. Latin America Automotive Appearance Chemicals Market Analysis
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market Segments, 2014–2018
11.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019–2029
11.3.1. By Country
11.3.1.1. Brazil
11.3.1.2. Mexico
11.3.1.3. Rest of Latin America
11.3.2. By Product type
11.3.3. By Vehicle type
11.3.4. By Sales Channel
11.4. Drivers and Restraints – Impact Analysis
12. Europe Automotive Appearance Chemicals Market Analysis
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market Segments, 2014–2018
12.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019–2029
12.3.1. By Country
12.3.1.1. Germany
12.3.1.2. Italy
12.3.1.3. France
12.3.1.4. U.K.
12.3.1.5. Spain
12.3.1.6. Russia
12.3.1.7. Poland
12.3.1.8. Rest of Europe
12.3.2. By Product type
12.3.3. By Vehicle type
12.3.4. By Sales Channel
12.4. Drivers and Restraints – Impact Analysis
13. East Asia Automotive Appearance Chemicals Market Analysis
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market Segments, 2014–2018
13.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019–2029
13.3.1. By Country
13.3.1.1. China
13.3.1.2. Japan
13.3.1.3. South Korea
13.3.2. By Product type
13.3.3. By Vehicle type
13.3.4. By Sales Channel
13.4. Drivers and Restraints – Impact Analysis
14. South Asia Automotive Appearance Chemicals Market Analysis
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market Segments, 2014–2018
14.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019–2029
14.3.1. By Country
14.3.1.1. India
14.3.1.2. Oceania
14.3.1.3. ASEAN
14.3.1.4. Rest of East Asia
14.3.2. By Product type
14.3.3. By Vehicle type
14.3.4. By Sales Channel
14.4. Drivers and Restraints – Impact Analysis
15. Middle East and Africa Automotive Appearance Chemicals Market Analysis
15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume (Tons) Analysis By Market Segments, 2014–2018
15.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019–2029
15.3.1. By Country
15.3.1.1. GCC Countries
15.3.1.2. Turkey
15.3.1.3. South Africa
15.3.1.4. Rest of MEA
15.3.2. By Product type
15.3.3. By Vehicle type
15.3.4. By Sales Channel
15.4. Drivers and Restraints – Impact Analysis
16. Emerging Countries Automotive Appearance Chemicals Market Analysis
16.1. Introduction
17. China Automotive Appearance Chemicals Market Analysis
17.1. Introduction
17.2. PEST Analysis
17.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019–2029
17.3.1. By Product type
17.3.2. By Vehicle type
17.3.3. By Sales Channel
18. India Automotive Appearance Chemicals Market Analysis
18.1. Introduction
18.2. PEST Analysis
18.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019–2029
18.3.1. By Product type
18.3.2. By Vehicle type
18.3.3. By Sales Channel
19. Brazil Automotive Appearance Chemicals Market Analysis
19.1. Introduction
19.2. PEST Analysis
19.3. Market Size (US$ Mn) and Volume (Tons) Forecast By Market Segments, 2019–2029
19.3.1. By Product type
19.3.2. By Vehicle type
19.3.3. By Sales Channel
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Deep Dive
20.2.1. 3M Company
20.2.2. Turtle Wax Inc
20.2.3. Altro Limited
20.2.4. Kao Corporation
20.2.5. CRC Industries
20.2.6. PPG Industries Inc.
20.2.7. Sasol Ltd.
20.2.8. Jax Wax Inc.
20.2.9. The Darent Wax Company Ltd
20.2.10. Koster Keunen Inc
20.2.11. Mothers
20.2.12. BASF SE
20.2.13. Future Developments (Manufacturing) Ltd.
20.2.14. Malco Products Inc.
20.2.15. Koch-Chemie GmbH
20.2.16. Northern Labs Inc.
20.2.17. DowDuPont Inc.
20.2.18. SONAX GmbH
20.2.19. Energizer Holdings, Inc
21. Research Methodology
22. Assumption & Acronyms Used
