Transparency Market Research has published a new report "Car Air Fresheners Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020" to its report store.
Albany, NY -- (SBWIRE) -- 07/07/2015 -- According to a recent market research report released by Transparency Market Research, the North America car air fresheners market is expected to grow consistently at a CAGR of 3.6% during the period from 2014 to 2020. The report, titled "Car Air Fresheners Market - North America Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 - 2020", forecasts the market to be worth US$952.01 million by 2020, a significant rise upon its valuation of US$744.5 million in 2013. The report cites the recovery of the economy in North American countries as one of the primary reasons for the increase in purchase of discretionary products such as car air fresheners. Longer time spent in commutes in cars has led to the growing demand for organic/ natural car air fresheners, thereby fuelling the car air fresheners market in the region. The report also mentions demographic shifts as a noteworthy factor in shaping the demand for car air fresheners.
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However, various studies related to the effects of the chemicals present in car air fresheners may hamper the growth of the overall market. Car air fresheners contain phthalates, a group of chemicals known to be especially harmful to children. The rising concerns about allergens and chemicals used in synthetic car air fresheners will check the growth of the market during the forecast period.This restraining factor has become an opportunity in disguise for the market, as this has led to the growing demand for organic and natural car air fresheners. Increasing number of distribution channels such as supermarkets, auto repair and auto wash shops, carwash stations, as well as online shopping portals, aided by innovative product packaging and design, will create new opportunities for the car air fresheners market in the region during the forecast period.
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The report segments the North America car air fresheners market into air freshener types such as sprays/ aerosols, papers, gels and cans, vents and clips, and others. During the forecast period, the vents and clips segment is expected to show rapid growth. The report studies the North America car air fresheners market according to national statistics from the major countries in the region: the U.S., Mexico, and Canada. In 2013, the U.S. was the largest market for car air fresheners owing to the high standard of living and increasing preferences for these products among car owners. Mexico closely followed as the second largest market for car air fresheners in 2013 and is expected to show moderate growth in the forecast period. During the forecast horizon, Canada is expected to grow at the fastest rate, due to the growing number of car owners, especially among the immigrant population.
Browse the full Car Air Fresheners Market Press Release @ :
The report profiles the key players in the North America car air fresheners market, such as Auto Expressions, ABRO Industries, JENRAY Products, CAR-FRESHENERS Corporation, S.C. Johnson & Son, California Scents, Henkel AG & Company, Procter & Gamble Co., The Yankee Candle Company, Carmate Manufacturing Co. Ltd., Chic Accessories, and Reckitt Benckiser Group. Many key players are now focusing on manufacturing natural and organic car air fresheners to cash in on the growing trend in the North America car air fresheners market.
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