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Car Care Products Market: Key Player Trends, Analysis and Forecast to Grow CAGR During 2019-2025

QY Research has published the Latest Market Research Report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry, by summing up the previous growth patterns, the growth drivers and the current and future trends.

 

Los Angeles, CA -- (SBWIRE) -- 04/16/2019 -- Car care products are high performance chemicals used to improve shine, gloss, and durability of vehicles. These chemicals also protect and retain the visual appeal of vehicles. There are different types of automotive appearance chemicals available in the market which includes wheel care, tyre shine, interior-exterior care, glass cleaner, paint cleaning and protection, paint restoration and many more.

On the basis of type, cleaning products is the largest segment with around 69.55% production share of the total market in 2016. Repair products and protection products are more expensive, accounting for about 14.35% and 9.66% separately market share in terms of production.

On the basis of geography, the global car care products market is segmented into regions, namely, North America, Europe, Asia and other regions. In 2016, Europe is the largest supplier as well as the steady growing regional market for car care products and held 38.05% share in the global market, followed by North America with the market share of 32.33%. The demand for car care products has been rapid increasing in Asian countries, especially in China.

The global car care products market comprises numerous players offering broad range of products. Lots of manufactures of car care products offer a wide range of car care products to fit aftermarket requirements. The concentration of the market is relative low, among those manufacturers, 3M, Turtle Wax and Illinois Tool Works are the three giant players.

The global Car Care Products market was 85100 million US$ in 2018 and is expected to 129200 million US$ by the end of 2025, growing at a CAGR of 5.4% between 2019 and 2025.

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This report studies the Car Care Products market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Car Care Products in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Shell

ExxonMobil

BP

Chevron

TOTAL

Valvoline

Idemitsu Kosan

Sinopec

FUCHS

JX GROUP

LUKOIL

CNPC

3M

Illinois Tool Works

Spectrum Brands

Turtle Wax

Prestone

Altro

Sonax

Tetrosyl

Biaobang

SOFT99

By the product type, the market is primarily split into

Cleaning Products

Repair Products

Protection Products

Car Cleaning Accessories

Motor Oil

Technical Care Products

Antifreezes

Ice Scrapers

By the end users/application, this report covers the following segments

Mass/Hypermarket

Automotive Channel

Ecommerce

Wholesale Clubs

Others

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