Automotive Appearance Chemicals Market

2019 Analysis and Review of Automotive Appearance Chemicals Market by Product Type - Polish, Windshield Washer Fluids, Soaps, Coatings, and Car Wax for 2019 - 2029

  • 2020-02-07
  • REP-GB-1847
  • 37 Tables
  • 151 Figures
  • 269 pages
  • Format: PDF/PPT/Excel
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Automotive Appearance Chemicals Market Value to Increase 1.6X by 2029

The automotive industry is under intensifying pressure of delivering products in compliance with shifting consumer preferences in tandem with rigorous regulatory systems. The same holds true for the chemical industry, which has been predominant in terms of total shareholder returns (TSR). As these trends sweep across every facet of the industrial sector, the automotive appearance chemicals market is poised to cruise into a stable growth curve during 2019-2029. Witnessing a 1.6X value expansion, global revenue of the automotive appearance chemicals market is set to exceed US$ 40 Bn by 2029.

Frequently Asked Questions about Global Automotive Appearance Chemicals Market

What are the growing trends in the automotive appearance chemicals market?

Growing environmental awareness among consumers has led to an increase in the demand for eco-friendly car wash detergents and soaps. Regulations against petroleum products used for making waxes and coatings have made customers shift towards environment-friendly alternatives. Manufacturers are utilizing organic sources to derive chemicals for the development of eco-friendly car care products.

How will the automotive appearance chemicals market fare in the coming years?

The market is projected to remain consolidated during the forecast period and beyond. However, with the growing demand for appearance chemicals, there is extensive scope for emerging players to evolve in the automotive appearance chemicals market.

Which end-use industry holds potential growth opportunities for the automotive appearance chemicals market participants?

The automotive industry is leading the end user in the automotive appearance chemicals market, OEMS have in-built facilities and self-sufficient protective coating departments. Moreover, manufacturers and service providers have shifted their focus towards green chemicals, recycling methods, and waste management to stand out from the competition, abiding by new norms against toxins and hazardous waste regulations.

What is the degree of competition in the automotive appearance chemicals market?

The automotive appearance chemicals market is highly competitive in nature, with a large number of regional and local market players. Also, growing unorganized participants in the market has led to a cutthroat market environment. In the current scenario, prominent industry participants include 3M Company, BASF SE, DowDuPont Inc., Kao Corporation, Turtle Wax Inc., Mothers Polishes Wax Cleaners Inc., and Koch-Chemie GmbH.

Which region will lead the global sales for the automotive appearance chemicals market?

Europe and East Asia are anticipated to lead the global automotive appearance chemicals market, with the emergence of China as a prominent consumer, owing to the significant presence of automotive, consumer goods, and aftermarket potential.

Windshield Washer Fluids Stays High in Demand

Windshield washer fluids continue to be in high demand in the global automotive appearance chemicals market. Capturing a leading share of the total demand, manufacturers will generate enormous returns from this product category. However, the value proportion of windshield washer fluids is expected to partially stagnate in due course, due to their low price range. Going forward, soaps and coatings, which are lagging behind automotive windshield washer system fluids in terms of revenue share, are likely to catch up through 2029.

East Asia’s Market Keeps Making Progress

Notable spike in per capita spending on car care as well as increasing private vehicle ownership are the drivers underpinning the growth of the automotive appearance chemicals market in East Asia. The region is also a manufacturing hub of automobiles, particularly passenger and light-commercial vehicles, and thus, is expected to see continued acceleration of stakeholders’ investments. Moreover, market players are tapping new opportunities for growth and profitability in North America and Europe. Together, both these developed regions hold over 40% share in the global automotive appearance chemicals market.

Market Moving Ahead with Eco-friendly Approach

Policy makers are establishing regulations against petroleum products used for making waxes and coatings, in a bid to balance customer adoption with public safety. Manufacturers must realign their approaches with sustainability at the center; they are leveraging chemicals derived from palm kernel and soybean oil derivatives to develop eco-friendly car care products. Companies such as Eco Touch Inc. and National Carwash Solutions, for instance, are solely focused on manufacturing bio-based car care products. Players in the automotive appearance chemicals market should embrace this preferential shift in order to increase the odds of creating outsized returns.

Windshield washer fluids account for over half of total value

Coatings to exhibit fastest growth rate

Passenger cars hold dominance with leading share

Adoption in light commercial vehicles remains steady

Aftermarket seeing high demand among customers

OEMs to experience high growth

How Growth will Unfold

Increasing customer awareness and acceptance regarding car care is resulting in demand inflation for automotive appearance chemicals from the aftermarket. Passenger vehicles (PV) continue to secure a substantial chunk of global automotive appearance chemicals market revenue, and this current surge will persist throughout the foreseeable timeframe. By the end of 2021, the application of automotive appearance chemicals in PVs is expected to cross the US$ 20 Bn mark. Collectively representing nearly one-third of market value, manufacturers would reap stable margins from light (LCVs) and heavy commercial vehicles (HCVs).

Automotive Appearance Chemicals Market by Vehicle Type

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Automotive Appearance Chemicals Market Analysis 2019 - 2029

A recent market study published by FMI on the automotive appearance chemicals market includes global industry analysis 2014-2018 and opportunity assessment 2019-2029, and delivers a comprehensive assessment of the market dynamics. After thorough research on the historical as well as current growth parameters of the automotive appearance chemicals market, the growth prospects of the market are obtained with maximum precision.

Automotive Appearance Chemicals Market Taxonomy

Product Type

  • Polish
  • Windshield Washer Fluids
  • Soaps
  • Coatings
  • Car Wax

Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Sales Channel

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket

Region

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East & Africa

What's Included

This chapter includes the executive summary of automotive appearance chemicals market with a side focus on the supply as well as demand side trends of the market.

The market overview includes market definition and taxonomy to give the reader a market description of automotive appearance chemicals.

Factors and strategies adopted by key market participants, which have a significant impact on the automotive appearance chemicals market.

It includes market volume projection in terms of consumption over the forecast period of 2019-2029.

This section helps the reader analyze pricing trends owing to the necessary assumptions.

This section helps the reader understand the global market value analysis and forecast for the automotive appearance chemicals market.

Key macro-economic factors, value chain, market participants, consumption & production are the highlights of this chapter.

Based on product type, the automotive appearance chemicals market is segmented into polish, windshield washer fluids, soaps, coatings, and car wax.

Based on product type, the automotive appearance chemicals market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles.

The automotive appearance chemicals market is segmented on the basis of Sales Channel into original equipment manufacturers (OEMs) and aftermarket

This chapter explains how the automotive appearance chemicals market will grow across various geographic regions.

It includes deep dived analysis on the basis of segments to the country level of the U.S and Canada.

It includes deep dived analysis on the basis of segments to the country level of Brazil, Mexico, and Rest of Latin America.

Important growth prospects of the automotive appearance chemicals market based on its end users in several countries such as Germany, Italy, France, Spain, the U.K., Russia, Benelux, and the rest of Europe are included in this chapter.

This chapter highlights the growth of the automotive appearance chemicals market in South Asia & Pacific by focusing on India, ASEAN, the rest of South Asia, and ANZ.

This chapter includes the analysis of automotive appearance chemicals market in Japan, China, and South Korea, which are prominent countries in the East Asia region.

Growth of the automotive appearance chemicals market in MEA by focusing on South Africa, Turkey, GCC countries, and the rest of MEA.

This chapter highlights the emerging countries in the automotive appearance chemicals market, which show a substantial growth rate in the market.

Some of the market players featured in the report are 3M Company, BASF SE, DowDuPont Inc., and Kao Corporation among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the automotive appearance chemicals market report.

This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the automotive appearance chemicals market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current market dynamics and challenges
  • Yesteryear trends 
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions

Secondary Research

  • Industry Publications
    • World of Chemicals
    • Chemical Weekly
    • Chemical Engineering World, etc.
  • Industry Associations
    • The European Chemical Industry Council
    • The American Chemical Society
    • China Chemical Society
    • Indian Chemical Council
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits automotive appearance chemicals market desination

Primary Interview Splits automotive appearance chemicals market stakeholder

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Global Head - Business Development

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Client Partner - Global Business Development

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