Sarasota, FL -- (SBWIRE) -- 04/04/2019 -- Global Automotive Part Cleaners & Degreasers Market: Overview
Automotive part cleaners & degreasers remove unwanted particulate, oil, and water-insoluble substances for the effective maintenance and repair of vehicle interior & exterior components. These products offer tough cleaning performance with minimal scrubbing that improves vehicle efficiency. Rising household incomes and stringent emission-related regulations are likely to stimulate the demand for automotive part cleaners & degreasers
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Global Automotive Part Cleaners & Degreasers Market: Growth Factors
The growing importance of vehicle maintenance and servicing is likely to stimulate automotive part cleaners & degreasers market growth. These products help restore the aesthetic quality of cars and improve life span which in turn increases their resale value. They help in removing dirt, and another residue which lowers the performance and market value of the vehicles. The booming construction sector, low production costs, and availability of economic labor in China and India will further stimulate product demand.
The rise in demand for clean, efficient and energy-saving engines primarily owing to emission-control regulations should promote automotive part cleaners & degreasers market growth. EU legislation aims to reduce the greenhouse gas intensity of automobile fuels by 10% by 2020, which represents tremendous market growth potential. The gradual development of sludge, varnish, and other residue build-up affects normal vehicular operations, thus leading to poor performance, increased fuel consumption and decreasing vehicle lifespan. These products clean the entire lubrication system, improve vehicle efficiency and longevity which is likely to accelerate automotive part cleaners & degreasers market growth.
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Global Automotive Part Cleaners & Degreasers Market: Segmentation
The global automotive part cleaners & degreasers market can be classified into the product, type, and vehicle type. Based on the product, the automotive part cleaners & degreasers market is sectored into cleaners and degreasers. Type wise, the market is classified into water-based and solvent-based. On the basis of vehicle type, the market is divided into Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Two Wheelers.
Global Automotive Part Cleaners & Degreasers Market: Regional Analysis
Based on regions, the global automotive part cleaners & degreasers market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America driven by Canada and the U.S. automotive part cleaners & degreasers market size, is anticipated to contribute notably towards the overall automotive part cleaners & degreasers market growth by 2024. The growth can be attributed to increased use of gasoline direct injection engines (GDI) in plug-in hybrid electric vehicles. These products ensure the elimination of deposits in GDI engines, which creates regular & smooth airflow, thereby avoiding rough idling. Growth in charging infrastructure, stringent emission norms, and the improved availability of rapid-charging stations should stimulate GDI engine usage and thus enhance product demand in the region.
Europe automotive part cleaners & degreasers market size is driven by massive product demand in Germany, the UK, France, Italy, and Spain over the forecast timeframe. Significant competitiveness in the vehicle parts & components sector and stringent government regulations regarding air emissions should propel regional industry growth. Engine and fuel system degreasers help remove fuel system deposits which increases efficiency and reduces emissions. The rise of automotive part imports owing to tough regulatory requirements and to achieve fuel savings is predicted to further promote market growth in the region.
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Asia Pacific automotive part cleaners & degreasers market earnings will be steered by the massive popularity of the product and its use in India, Japan, China during the foreseeable timeframe. The region has a high average age of vehicles as they are not scrapped early, which ensures a steady demand for cleaners & degreasers for regular maintenance activities. Rising consumer aspirations and rise in disposable incomes should stimulate small car sales, thereby increasing product penetration & throughput across the region.
Global Automotive Part Cleaners & Degreasers Market: Competitive Players
Some of the key players in the automotive part cleaners & degreasers market are 3M, BASF, DowDupont, Valvoline, WD-40, and Fuchs Group.