Dublin, Jan. 27, 2023 /PRNewswire/ — The “Automotive Aftermarket Appearance Chemicals – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Automotive Aftermarket Appearance Chemicals Market to Reach $5.2 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Automotive Aftermarket Appearance Chemicals estimated at US$4.4 Billion in the year 2022, is projected to reach a revised size of US$5.2 Billion by 2030, growing at a CAGR of 2.2% over the analysis period 2022-2030. Windshield Washer Fluids, one of the segments analyzed in the report, is projected to record a 1.6% CAGR and reach US$1.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Waxes / Polishes segment is readjusted to a revised 2.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 3.5% CAGR
The Automotive Aftermarket Appearance Chemicals market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$968.6 Million by the year 2030 trailing a CAGR of 3.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 1.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$649.1 Million by the year 2030.
Select Competitors (Total 72 Featured) –
3M Automotive Aftermarket Division
3M Company
Blue Ribbon Products Inc.
Illinois Tool Works Inc.
Meguiar`s Inc.
Niteo Products LLC
Northern Labs Inc.
Permatex Inc.
Protect All Inc.
Turtle Wax Inc.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Automotive Appearance Chemicals Market – A Prelude
Recent Market Activity
New Vehicles have Higher Per Capita Usage
Economic Factors Play an Important Role in the Market
Global GDP Growth Plateauing – A Mixed Bag of Opportunities
Market Outlook
Global Market Analysis
Automotive Aftermarket Appearance Chemicals – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3M Company (USA)
3M Automotive Aftermarket Division (USA)
Bondo Corporation (USA)
Meguiar’s, Inc. (USA)
Armored AutoGroup Inc. (USA)
Blue Ribbon Products, Inc. (USA)
ITW Global Brands (USA)
Permatex, Inc. (USA)
Niteo Products, LLC (USA)
Northern Labs, Inc. (USA)
Protect All, Inc. (USA)
Turtle Wax, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Large Global Base of Vehicle Fleet & Projected Rise in New Auto Sales Offers Potential for Growth
Increasing Vehicular Population Provides Immense Opportunities
Demand for Aftermarket Automotive Appearance Chemicals Grows Rapidly as Vehicle Owners Retain their Vehicles Longer
Technology Improvements Increase Vehicle Life
Increased Life Brings Maintenance into Focus
Increasing Affinity for Road Trips Spurs Market for Appearance Chemicals
Need for Product Differentiation Drives Innovations in Specialty Automotive Coating Chemicals
Growing Awareness on Importance of Vehicle Maintenance – A Major Growth Factor
Making Most of Opportunities in the DIY Segment
Growing Demand for DIFM Services Turn ‘Service Providers’ into Target Customers for Aftermarket Appearance Chemicals
Pre-Owned Cars & Auto Leasing Drives Growth
Luxury Car Owners – A Premier Market Segment
China and India Zooming Ahead in Luxury Car Sales
Car Grooming Centers Play a Vital Role in the Market
Growing Investments on Vintage & Classic Cars Augurs Well for the Market
Environmental Friendly Products Top Priority Charts of Manufacturers
Solvent Based Coatings Make Way for Water Based Formulations
Volatile Silicones Emerge as an Alternative to Hydrocarbon Based Solvents
Easy-to-Use Products Gain Popularity
Introduction of Silicone Waxes in Automotive Polishes Gains Prominence
Plasti Dipping Trend Gains Traction for Protecting Vehicular Appearance
Advancing Material Technology – Boon or Bane?
Internet Retailing – A Major Growth Avenue
Soaring Costs of Raw Materials for Automotive Refinish Coatings – A Key Challenge
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/b1cpug
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/automotive-aftermarket-appearance-chemicals-market-report-2022-pre-owned-cars–auto-leasing-drives-growth-301732629.html
SOURCE Research and Markets
Apple earnings and the Fed meeting loom, but don't sit out a possible "life-changing" market rally. Tesla rival BYD is an aggressive buy.
Energy inflation remains a serious concern. Protect your portfolio.
STOCKSTOWATCHTODAY BLOG Lucid soared Friday, a move that is being attributed to unconfirmed rumors that the company could be acquired. Lucid (LCID) stock started moving just after noon Friday, and had nearly doubled, to $17.
You could say he cleaned up.
Economic headwinds sent the S&P 500 into a bear market last year, and the benchmark index is still 16% off its high. Warren Buffett's Berkshire Hathaway treated the drawdown as a buying opportunity, investing $66 billion into the stock market through the first three quarters of 2022. Smart investors like Buffett know that a bear market offers investors a chance to buy good stocks at great prices.
Cathie Wood, the founder and CEO of Ark Invest, rose to popularity during the coronavirus pandemic thanks to her firm's successful bets on some of the most disruptive tech companies. The tech-heavy Nasdaq Composite Index entered a bear market in 2022, and ended it down 33% for the year. Here are three beaten-down growth stocks that Wood is still bullish on.
Asia's richest man is rocked by a U.S. short-seller's allegations of fraud and money laundering.
Market forces rained on the parade of Intel Corporation ( NASDAQ:INTC ) shareholders today, when the analysts…
AT&T (NYSE: T) reported earnings this week, and while there was steady growth, a high dividend yield, and strong cash flow, the company continues to pay the price for previous investments. Travis Hoium, Jason Hall, and Jon Quast discuss the company's operations and why they're hesitant to buy the stock.
This straightforward strategy could get investors a return of nearly 6% in the bond market this year, according to Guggenheim Partners.
Her flagship Ark Innovation ETF has lost 41% over the past year and 76% from its February 2021 peak.
Supply and demand will probably come into balance over the next 18 months, says Matt Portillo, an analyst at Tudor Pickering Holt. And, how value investor David Einhorn got his mojo back.
Chevron (NYSE: CVX) finished 2022 with a bit of a whimper. The oil company, which is one of the top holdings of Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), faced headwinds from lower oil and gas prices and a write-down in its international operations. Chevron posted $6.35 billion, or $3.33 per share, of net income in the third quarter.
It was a busy week for dividend announcements, with the fourth-quarter earnings season in full swing.
Mobileye Global ( NASDAQ:MBLY ) Full Year 2022 Results Key Financial Results Revenue: US$1.87b (up 35% from FY 2021…
Technology stocks are on quite a tear to start 2023, but that could actually be an ominous signal. The Nasdaq Composite Index (COMP) is up 11% so far this month, on track for its best January performance since it notched a 12.2% gain in 2001, according to Dow Jones Market Data.
Despite the difficult backdrop offered by 2H22 and reflected in PC inventory digestion, Advanced Micro Devices (NASDAQ:AMD) has navigated the rough terrain rather well. Ahead of the chip giant’s fiscal fourth quarter earnings (Jan 31), Mizuho analyst Vijay Rakesh reckons the full-year 2022 results should show 43% year-over-year growth, boosted by a strong showing from data center (DC), which Rakesh sees climbing 60% higher y/y. This will amount to a “significantly better” performance than compet
One of the hot rumors swirling around the stock market on Friday concerned a top U.S. electric vehicle (EV) stock, so many titles in the sector saw big lifts on the day. Nio (NYSE: NIO) and fellow Chinese next-generation car maker Xpeng (NYSE: XPEV) both closed more than 4% higher against the S&P 500 index's 0.3% bump. Shares of American EV company Rivian (NASDAQ: RIVN), meanwhile, booked an over 8% gain.
The battle of the bills turns personal.
Two-year U.S. Treasury notes were yielding 4.22% early Friday, while 10-year Treasury notes were yielding 3.56%. A lower long-term interest rate means investors expect to profit when a slowing economy causes the Federal Reserve to change its policy and push interest rates down. Bond prices move in the opposite direction and long-term prices are more sensitive.