Global Automotive Part Cleaners & Degreasers Market was valued US$ XX Mn. in 2019 and is expected to grow US$ XX Mn. by 2027, at a CAGR of around 6% during the forecast period.
Global Automotive Part Cleaners & Degreasers Market
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The report study has analyzed revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
Global Automotive Part Cleaners & Degreasers Market Overview:
The automotive cleaners & degreasers are used mostly to dissolve & remove impurities, unwanted materials & sticky substances, like the grease, oil, dirt, and other impurities from automotive components made of aluminum, steel, copper, magnesium, plastic, rubber surfaces of the vehicle. These products offer tough cleaning performance with slight scrubbing that increases vehicle efficiency. Growing household incomes and stringent emission-related regulations are expected to encourage the demand for automotive part cleaners & degreasers.
The key players in the global automotive part cleaners & degreasers market are 3M, WD-40 Company, WURTH GROUP, BASF SE and other players are also profiled in the report.
Global Automotive Part Cleaners & Degreasers Market Dynamics:
Automotive part cleaners & degreasers help maintaining the appearance of the car and improving its lifespan, which, in order, increases its resale value. Thriving construction sectors, low costs of production, and the availability of cheap labor in countries, like China and India will deliver growth opportunities for the global market.
Severe government regulations encouraging the use of clean, efficient, and energy-saving engines to control emissions are expected to support market growth. These products help in emission control by cleaning the lubrication system, thus, improving the efficiency and durability of the vehicle. European Union regulation aims to decrease the greenhouse gas intensity of automobile fuels by 10% by 2020, which represents remarkable market growth potential.
On the other hand, automotive part cleaners often contain numerous toxic solvents, powders, and additives which are often dangerous and present the risk of damaging the central nervous system. These products also contain corrosive acids and alkalis which can damage vehicle surfaces, create burn risks for workers, and have adverse environmental effects which may hinder the market growth.
Global Automotive Part Cleaners & Degreasers Market Segmentation:
By application, the brake cleaners segment is expected to hold the highest CAGR of the global market by 2027. This is mainly because of their efficiency in enhancing brake performance by eliminating brake fluid and increasing the durability of brakes.
Based on the type, the water-based segment is expected to account for the largest revenue share of the global market by 2027. Thanks to severe environmental regulations adopted by governments to control pollution. These products remove an extensive range of impurities and ensure a chemical-free substrate for subsequent processes.
Global Automotive Part Cleaners & Degreasers Market1
Region-wise, the market in North America is expected to account for the largest revenue share of the global market by 2027, and its detailed analysis covered in the report. The markets in Canada and the US are main revenue contributors in the region, and because of the increasing usage of plug-in hybrid electric vehicles.
The market in Europe is expected to account for noteworthy growth in the future. Major revenue contributing to markets in the region, such as the UK, Italy, Germany, Spain, and France. Strict regulations pertaining to air pollution adopted by numerous governments as well as robust competition between several vehicle parts and component sectors are among the main factors contributing to market growth in the region.
The objective of the report is to present a comprehensive analysis of the Global Automotive Part Cleaners & Degreasers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Automotive Part Cleaners & Degreasers Market dynamics, structure by analyzing the market segments and project the Global Automotive Part Cleaners & Degreasers Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Part Cleaners & Degreasers Market make the report investor’s guide.
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Scope of the Global Automotive Part Cleaners & Degreasers Market: Inquire before buying
Global Automotive Part Cleaners & Degreasers Market, By Type
• Water-based
• Solvent-based
Global Automotive Part Cleaners & Degreasers Market, By Application
• Cleaner
o Brake
o Carburetor
o Engine Flush
o Catalytic Converter
o Others
• Degreaser
o Engine
o Exhaust
o Transmission
o Others
Global Automotive Part Cleaners & Degreasers Market, By Mode of Availability
• Aerosol can
• Spray bottle
• Jug
• Pail
• Drum
Global Automotive Part Cleaners & Degreasers Market, By Vehicle Type
• Passenger vehicles
• Commercial vehicles
Global Automotive Part Cleaners & Degreasers Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Automotive Part Cleaners & Degreasers Market
• 3M
• WD-40 Company
• WURTH GROUP
• BASF SE
• DowDuPont
• Fuchs Group
• Zep Inc.
• GUNK
• Penray
• ABRO Industries Inc.
• Claire-Sprayway Inc.
• AIROSOL COMPANY INC.
• Radiator
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