The global silicone in car care products market size was valued at USD 216.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.2% from 2021 to 2028. The global car care products industry consists of many players operating in the market across the globe. Various silicone-based car care products have been developed with technological advancements, including car polish, car wax, glass cleaning products, interior/exterior care products, wheels & tire care products, and others.
The U.S. market for silicone in car care products is expected to accelerate in the coming years on account of robust growth in the automotive industry. The industry is likely to expand owing to the establishments by prominent automotive players. The presence of manufacturers of car care products, along with their establishments for car care centers across the country is expected to augment the market growth. Moreover, the increasing awareness among consumers regarding the benefits of car care products is expected to drive their consumption over the estimated period.
Key Player Mentioned:
- 3M
- CHT Group, Ltd
- Evonik Industries AG
- Dow
- Momentive Performance Materials Inc.
- Henkel AG & Co. KGaA
- Sonax GmbH
- Wacker Chemie AG
- Shin-Etsu Chemical Co., Ltd.
- Armor All
- MA-FRA S.p.A.
- LIQUI MOLY GmbH
To identify the key drivers and the competitors’ insights, Request a Sample @:
Product Segment Analysis:
- Silicone
- Specialty Silicones
Application Segment Analysis:
- Paint Preservatives
- Polishes
- Spray Wax
- Leather & Vinyl Care
- Tire Care Products
- Plastic Care
- Others
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
Access Press Release: https://www.grandviewresearch.com/press-release/global-silicone-car-care-products-market
Moreover, the rising number of luxury car owners is expected to fuel the market for silicones in car care products. The sale of luxury vehicles is attributed to the growing wealth among the population on a global level in some of the developed and developing economies. According to Capgemini’s World Wealth in 2020, the global high-net-worth individual (HNWI) wealth grew by 7.6% and the HNWI population grew 6.3%, nearly reaching USD 80 trillion. The rising high net worth population is one of the significant factors influencing the sale of luxury vehicles which will drive the silicone in the car care products market.
Why Purchase this Report?
- A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality.
- The report provides a holistic view of the competitive scenario of the Anti-money Laundering market.
- The latest product launches, along with technological changes and developments, are included in the report.
- The data analysis in the report will help you understand the Anti-money Laundering market dynamics projected from 2021 to 2028.
- The Report has a vast data store, so it can accommodate your custom needs as well.
About Us:
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world’s renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
