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Automotive Part Cleaners & Degreasers Market in North America: What is the major product segment to drive industry growth?

Author : Ronak Bora | Published Date : 2019-08-06 

North America automotive part cleaners & degreasers market from light commercial vehicles should exceed USD 5.5 billion by 2024. LCV's have gained importance owing to their off-roading capabilities which make them viable for small scale business owners in the region. Technological advancement has enhanced safety features like antilock braking system which has resulted in increased vehicle sales. Rising economic growth and e-commerce should accelerate market growth.

Europe automotive part cleaners & degreasers market from passenger cars may register significant gains at over 2.5% up to 2024 owing to its clean production and strict environment regulations. These products have increased the engine performance, reduced VOC emissions and enhanced mobility in the region thereby increasing the passenger vehicle sales. Investment in R&D activities and energy saving effectiveness while manufacturing should boost the market growth.

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Automotive part cleaners & degreasers market | Impact of growing vehicle demand in the U.S. on engine flush cleaner sales

Defying previous predictions, the sales of vehicles across the United States in 2018 experienced a slight rise in its numbers, highlighting the nation’s strong economy with automobile manufacturers reporting a 0.3% surge to approximately over 17 million vehicles. This rise in sales comes despite a highly-volatile stock market, growing interest rates, and increasing vehicle prices that have pushed some of the prospective buyers out of the automobile market. This tendency for the U.S. vehicle market to draw in growth in the face of adverse market conditions would be responsible for driving the growth of the regional automotive part cleaners & degreasers industry, specifically from the sales of engine flush cleaner, on account of the fact that they impart efficiency and longevity to engines that is crucial for the U.S. auto industry.

Automotive part cleaners & degreasers market | Impact of catalytic converter cleaner sales

According to U.S-based non-profit organization, Manufacturers of Emission Controls Association (MECA), catalytic converters have been an extremely important aspect of mobile-source emission control across the world ever since the mid-1970s. Catalytic converters, from the initial two-way oxidation units to the advanced three-way units that are used today, have helped in cutting down air pollution by more than 10-billion-tons across the U.S. alone.

Automotive part cleaners & degreasers market | Impact of China’s rising vehicle sales on transmission degreaser sales

China’s rapidly rising standard of living and purchasing power have majorly propelled the region’s automotive industry, consequently driving the demand for maintenance and servicing products. As per reports, the region has observed exceptional sales of transmission degreasers, that are suitably designed to break down varnish deposits and clean internal transmission components. In a bid to ensure passenger safety and prevent damage, auto maintenance and repair establishments are found to be using these degreasers consistently. China automotive part cleaners & degreasers industry size from transmission degreasers apparently, is anticipated to be pegged at $1 billion by 2024.

The aforementioned trends characterizing the product landscape of the global automotive part cleaners & degreasers market quite discernibly indicate that this business vertical is here to stay. According to a Global Market Insights, Inc., the overall automotive part cleaners & degreasers industry size is slated to surpass the $47.5 billion renumeration mark 2024.]

Major industry participants for automotive part cleaners & degreasers market include: GUNK, 3M, WD-40, Wurth Group, Bardahl Manufacturing Corporation and Valvoline. Prominent manufacturers are engaged in production capacity development to satisfy increasing consumer demand and research & development activities to recognize improved products which should boost automotive part cleaners & degreasers market growth.

Glimpse of Table of Content (ToC)

Chapter 3 Automotive Part Cleaners & Degreasers Market Industry Insights

3.1 Automotive Part Cleaners & Degreasers Market segmentation

3.2 Automotive Part Cleaners & Degreasers Market size and forecast, 2013 – 2024

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distribution channel analysis

3.3.2.1 Collaboration/Partnerships

3.3.2.2 Distributors

3.3.2.3 Technology Providers

3.3.2.4 Contract Manufacturing

3.4 Raw material analysis

3.4.1 Kerosene

3.4.2 Ethanol

3.5 Pricing analysis

3.5.1 Brake cleaners

3.5.2 Engine flush cleaners

3.5.3 Carburetor cleaners

3.5.4 Catalytic converter cleaners

3.5.5 Other cleaners

3.5.6 Engine Degreasers

3.5.7 Transmission Degreasers

3.5.8 Exhaust parts Degreasers

3.5.9 Other Degreasers

3.6 Cost structure analysis

3.6.1 Cleaners

3.6.2 Degreasers

3.7 Regulatory landscape

3.7.1 U.S.: National Emission Standards for Hazardous Air Pollutants (NESHAP)

3.7.2 Europe: Regulation (EC) No 1907/2006 - Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH)

3.7.2.1. Registration

3.7.2.2 Evaluation

3.7.2.3 Authorisation

3.7.2.4 Restriction

3.7.2.5 COMMISSION REGULATION (EU) 2018/1881

3.8 Industry impact forces

3.8.1 Growth drivers

3.8.1.1 North America

3.8.1.1.1 Increasing adoption of Gasoline Direct Injection (GDI) engine

3.8.1.1.2 Rising demand for hybrid degreasers for LCVs and HCVs

3.8.1.2 Europe: Growing import of automotive parts and components and focus on emission reduction

3.8.1.3 Asia Pacific: Rise in vehicle sales and increase in automotive manufacturing base

3.8.2 Industry pitfalls & challenges

3.8.2.1 Health risks of automotive cleaner usage

3.8.2.2 Increased sale of electric vehicles

3.9 Innovation & sustainability

3.10 Growth potential analysis, 2017

3.10.1 Emerging business model

3.10.1.1 New product launch

3.10.1.2 Acquisition

3.10.1.3 Collaboration/Joint ventures

3.11 Porter’s analysis

3.12 Competitive landscape, 2017

3.12.1 Company market share, 2017

3.12.2 Strategy dashboard

3.13 PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/automotive-part-cleaners-and-degreasers-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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