Fior Markets launched a study titled “Automotive Part Cleaner & Degreasers Market by Product (Cleaners [Brake Cleaners, Engine Flush, Others], Degreasers [Engine Degreasers, Transmission Degreasers, Others]), Type, Supply, Service, Vehicle Type, Regions”,and Global Forecast 2019-2026.
The global automotive part cleaner & degreasers market is expected to grow from USD 41.12 Billion in 2018 to USD 48.08 Billion by 2026, at a CAGR of 1.97% during the forecast period from 2019-2026.Global increase in the automobile sales coupled with rising adoption of periodic maintenance services of vehicles in the developing economies around the world are anticipated to propel the global automotive part cleaner & degreasers market over the forecast period.
The engine flush cleaner segment had a market value of USD 12.16 billion in 2018
The product segment is divided into cleaners and degreasers. The cleaners segment is divided into brake, carburetor, engine flush, catalytic converter, and others. The degreaser segment id further divided into engine, exhaust, transmission, and others.Engine flush cleaner is specifically used for the purpose of cleaning the inside of an engine and the oil feed system. Thus the engine flush cleaner segment dominated the global market with USD 12.16billion revenue in 2018.
The water based cleaners segment is anticipated to grow at a CAGR of 4.02% in 2019-2026
The type segment is fragmented into water and solvent based cleaners. Due to eco-friendly properties as well as rising adoption of water based biodegradable cleaners, the water based cleaners segment is anticipated to grow at thehighest CAGR of 4.02% over the forecast period.
The spray bottles segment is anticipated to grow at a CAGR of 4.04% in 2019-2026
The supply segment is categorized into aerosol can, drum, jug, pail, and spray bottle.The spray bottle segment is anticipated to grow at the fastest CAGR of 4.04% over the forecast period. The spray bottles are easy to use as well as they come in handy for cleaning the hard to reach places.
The independent aftermarket (IAM)segment had a market value of USD 24.01 billion in 2018
The service segment is divided into original equipment suppliers (OES) and independent aftermarket (IAM).The independent aftermarket (IAM) segment led the global market with a 58.41% share of market revenue in 2018. Factors such as cost effectiveness and easy availability were responsible for this increased market share.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The North America region emerged as the global leader in the demand for the automotive part cleaner & degreasers with a 16.37 billion revenue in 2018. Whereas, The Asia Pacific region is expected to grow at the fastest CAGR of 4.10% over the forecast period.
Key players in the global automotive part cleaner & degreasers market areBASF SE, The 3M Company, WD-40, The DOW Chemical Company., among others.
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