Future Market Insights’ published market report titled “Car Wax Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2022-2028” examines the car wax market and offers crucial market insights for the next ten years. According to Future Market Insights analysis, the global sales of car wax is estimated to be valued at US$ 743.5 Mn by the end of 2018 and is expected to register a 4.2% CAGR over the period of 2022–2028. This report divulges the demand for car wax and its break-up on the basis of different types, forms and end uses.
Get Sample of the report : https://www.futuremarketinsights.com/reports/sample/rep-gb-2268
The global car wax market is expected to witness steady growth, owing to the growing production of vehicles in different regions. This increasing vehicle production is expected to drive the demand for car wax products, which are particularly used in the finishing line in the manufacturing of a vehicle. Car wax products also register high demand from automotive aftermarket services. The increasing vehicle fleet is expected to upsurge the demand for car wax products, which are mostly used in car wash and car cleaning services.
North America held the lion’s share in terms of the global vehicle fleet in 2017. As per the reports of OICA, the region holds a 21.2% share in terms of global vehicle fleet. Western Europe, with a 19.8% share in the global vehicle fleet, is also expected to provide lucrative opportunities for the sales of car wax products in aftermarket car care services.
The global car wax market is estimated to witness steady growth, owing to the increasing demand from aftermarket car care services. Increasing vehicle fleet is the key driving force surging the demand for car wax products in aftermarket car services. SUV, mid-range and upscale cars account for around a 47% share in the demand for car wax products in aftermarket car care services.
Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-2268
As per the reports of OICA, global vehicle production was reported to be 7.1% of the global vehicle fleet in 2017. Attributing to this, the demand for car wax products is expected to remain high in aftermarket car care services over the forecast period. Liquid car wax is expected to gain traction over the forecast period, owing to its easy to apply characteristics and low cost. The demand for the liquid form of car wax is expected to remain high in aftermarket car care services, owing to the less time required for applying liquid car wax as compared to paste car wax. The demand for paste car wax is expected to be driven by vehicle manufacturers who usually prefer long-lasting products for the finishing of vehicles.
Car Wax Market Key Segments :
Car Wax Market by Type
Natural Car Wax
Synthetic Car Wax
Car Wax Market by Form
Liquid Car Wax
Car Wax Paste
Car Wax Market by Sales Channel
Car Wax Manufacturers
Car Wax Retailers and Distributors
Car Wax Market by End Use
Original Equipment Manufacturers
Regional Market Projections
On the basis of region/country, China is anticipated to dominate the global car wax market throughout the forecast period. In China, the car wax market is expected to expand at a CAGR of around 9.6% during the forecast period. Moreover, Latin America and India are anticipated to register relatively higher CAGRs during the forecast period. These two regions, coupled with Latin America, are expected to register attractive growth rates in the global car wax market during the forecast period. The Western Europe car wax market is at a mature stage and is expected to witness slow growth over the forecast period.
Purchase the Report : https://www.futuremarketinsights.com/checkout/2268
Global Car Wax Market Competitive Landscape
Some of the players reported in this study on the global car wax market include 3M, Turtle Wax Inc., Darent Wax Company Ltd, Mothers Polishes Wax Cleaners Inc., Sonax GmbH, Treatment Products Ltd, Northern Labs Inc., Swissvax AG, Waxpol Industries Ltd, Carsco0 Inc., Shenzhen Marpa Imp & Exp Trading Co., Ltd and Kao Chemicals GmbH, among others.
Explore FMI’s Extensive Coverage on Chemicals & Materials Domain
Epoxy Curing Agents Market : Epoxy Curing Agents Market By Product (Amines and Polyamines, Amides and Polyamides, Anhydrides, Phenolic), Application (Paints, Coatings and Inks, Adhesives & Sealants, Composites), End Use (Construction, Electrical & Electronics) & Region for 2022-2028
Vinyl Flooring Market : Vinyl Flooring Market by Format (Sheet, Plank, Tile), Product Type (Inlaid, Printed), Application (Residential, Commercial, Industrial), and Region for 2022 – 2028
CDU Heat Exchanger Antifoulants Market : CDU Heat Exchanger Antifoulants Market by Type (Dispersants, Corrosion Inhibitors, Metal Coordinators, Polymerization Inhibitors) and Region – Forecast 2022 – 2028
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: mailto:firstname.lastname@example.org
For Media Enquiries: mailto:email@example.com