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Global Car Care Cosmetics Market was Valued at $ 6.3 Billion in 2017

Author: QYResearch | Publish date: 2018-06-07 | Views: 54
Car care cosmetics or 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, tire shine, interior-exterior care, glass cleaner, paint cleaning and protection, paint restoration and many more.

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The global car care cosmetics market, in terms of revenue, was valued at US$ 6.3 billion in 2017 and is forecast to grow at a CAGR of 3.04% during the period from 2017 to 2023 ($7.56 billion in 2023). The major factors influencing the growth of global car care cosmetics market are the fast development of automotive across the world.

 

On the basis of type, car wax products, with more expensive price, is the largest segment with around 34.6% value market share of the total market in 2017. Car screen wash products are cheaper, accounting for about 30.3% market share in terms of value.

 

On the basis of geography, the global car care cosmetics market is segmented into regions, namely, North America, Europe, Asia-Pacific and other regions. In 2017, Europe is the largest consumer as well as the steady growing regional market for car care cosmetics and held 34.7% share in the global market, followed by North America with the market share of 34.6%. The demand for car care cosmetics has been rapid increasing in Asian countries, especially in China.

 

The global car care cosmetics market comprises numerous players offering broad range of products. Lots of manufactures offer a wide range of car care cosmetics to fit aftermarket requirements. The concentration of the market is relative low, among those manufacturers, 3M, Illinois Tool Works, Armored AutoGroup (Spectrum Brands) and Turtle Wax are the four giant players, together accounting for 34% market share in terms of revenue in 2017.

 

The Global Car Care Cosmetics Market Research Report 2018 report released by QYResearch provides a basic overview of the Car Care Cosmetics industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

 

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Car Care Cosmetics industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report

https://www.qyresearch.com/index/detail/387286/global-car-care-cosmetics-market


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