Car care products market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. The rising demand for used cars is anticipated to support the growth of the car care products market. The demand for used cars is rising due to factors such as low cost, immediate purchase, and others. According to the Indian Used Car Market Study commissioned by Volkswagen India to Frost & Sullivan, the used car market to touch 8.2 million units by 2025 from 3.8 million units of 2021. Additionally, the ratio of used cars compared to the new car is expected to become 2.1 times by 2025. According to the China Automobile Dealers Association, about 1.44 million used cars changed hands in July 2021, up 1.88% over June 2021. Fast-acting car wash products are high-performance chemicals that are used to renew the interior and exterior of a used car. These products improve shine, enhance gloss, and retain the visual appeal of vehicles. Due to this trend of used cars, car owners are increasingly opting for auto care and detailing services as second-hand cars necessitate more effort for care and maintenance.
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The global car care products market is segmented based on product type, application, end-user, and distribution channel. Based on the product type, the market is segmented into cleaning & washing, polishing & waxing, sealing glaze & coating, and others. Based on the application, the market is categorized into interior and exterior. Based on the end-user, the market is categorized into commercial and individual. Further, based on the distribution channel, the market is segmented into online and offline. Among the application segment, the interior segment is expected to cater prominent market share over the forecast period. Interior car care products include a wide range of products such as dashboard cleaner and polish, leather cleaner and detergent, fabric freshener, carpet cleaner, and upholstery, among others. These are used for cleaning the interiors of a car and add to the comfort of the driver and the passengers in the vehicle.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Car Care Products Market Report Segment
By Product Type
- Cleaning & Washing
- Polishing & Waxing
- Sealing Glaze & Coating
- Others
By Application
- Interior
- Exterior
By End-User
- Commercial
- Individual
By Distribution Channel
- Online
- Offline
Global Car Care Products Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global car care products market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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