Automotive part cleaners & degreasers market in passenger cars to hit $27 bn by 2024
More Information @ https://bit.ly/2BLxDiV Automotive Part Cleaners & Degreasers Market size was over USD 37.5 billion in 2017 and industry expects consumption at over 7 billion gallons by 2024. Growing importance of vehicle maintenance and servicing is likely to stimulate automotive part cleaners & degreasers market growth. Global automobile maintenance & repair services market was valued at about USD 480 billion in 2017, which indicates tremendous growth opportunities. 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 other residue which lowers the performance and market value of the vehicles. Booming construction sector, low production costs and availability of economic labor in China and India will further stimulate product demand.
More Information @ https://bit.ly/2BLxDiV
Automotive Part Cleaners & Degreasers Market size was over USD 37.5 billion in 2017 and industry expects consumption at over 7 billion gallons by 2024. Growing importance of vehicle maintenance and servicing is likely to stimulate automotive part cleaners & degreasers market growth. Global automobile maintenance & repair services market was valued at about USD 480 billion in 2017, which indicates tremendous growth opportunities. 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 other residue which lowers the performance and market value of the vehicles. Booming construction sector, low production costs and availability of economic labor in China and India will further stimulate product demand.
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<strong>Au<strong>to</strong>motive</strong> Part Cleaners & Degreasers Market <strong>to</strong><br />
grow at 3.3% CAGR till <strong>2024</strong>: Global Market Insights<br />
Inc.<br />
<strong>Au<strong>to</strong>motive</strong> Part Cleaners & Degreasers Market <strong>to</strong> surpass USD 47.5 billion <strong>by</strong> <strong>2024</strong><br />
and will witness 3.3% CAGR dur<strong>in</strong>g the forecast timespan. driven <strong>by</strong> <strong>in</strong>creas<strong>in</strong>g adoption of<br />
Gasol<strong>in</strong>e Direct Injection (GDI) eng<strong>in</strong>e. High performance & low emission eng<strong>in</strong>e demand<br />
and ris<strong>in</strong>g importance of servic<strong>in</strong>g & ma<strong>in</strong>tenance operations should promote au<strong>to</strong>motive<br />
<strong>part</strong> <strong>cleaners</strong> & <strong>degreasers</strong> <strong>market</strong> growth. These products promote removal of eng<strong>in</strong>e<br />
contam<strong>in</strong>ants prior <strong>to</strong> oil change which improves fuel efficiency. There is an <strong>in</strong>creas<strong>in</strong>g trend<br />
for onl<strong>in</strong>e sale of au<strong>to</strong>motive <strong>part</strong> & repair accessories <strong>to</strong> enhance the performance and<br />
efficiency of eng<strong>in</strong>es. Ris<strong>in</strong>g heavy and commercial vehicle demand ow<strong>in</strong>g <strong>to</strong> boom<strong>in</strong>g<br />
construction and e-commerce <strong>in</strong>dustries are expected <strong>to</strong> further <strong>in</strong>crease au<strong>to</strong>motive <strong>part</strong><br />
<strong>cleaners</strong> and <strong>degreasers</strong> <strong>market</strong> demand.<br />
U.S. eng<strong>in</strong>e flush cleaner <strong>market</strong> should witness ga<strong>in</strong>s of about 2.5% <strong>by</strong> <strong>2024</strong>. These<br />
products im<strong>part</strong> eng<strong>in</strong>e longevity, efficiency and clean lubrication system which enhances<br />
vehicle performance. They remove varnish, gum and deposits from various eng<strong>in</strong>es <strong>in</strong><br />
<strong>passenger</strong> <strong>cars</strong>, light & heavy-duty vehicles and two wheelers there<strong>by</strong> improv<strong>in</strong>g vehicle<br />
lifespan and fuel performance. Rise of average vehicle age and str<strong>in</strong>gent regulations <strong>to</strong><br />
reduce VOC emissions should boost growth of au<strong>to</strong>motive <strong>part</strong> <strong>cleaners</strong>’ <strong>market</strong>.<br />
<strong>Au<strong>to</strong>motive</strong> Part Cleaners & Degreasers Market<br />
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Catalytic converter cleaner <strong>market</strong> size was valued at over USD 2.5 billion <strong>in</strong> 2017. These<br />
products exhibit various benefits such as fuel efficiency improvement, safety measure, and<br />
reduced VOC emissions. They help prevent clogg<strong>in</strong>g of catalytic converters which can<br />
worsen performance, produce harmful air emissions and lead <strong>to</strong> poor mileage. Ris<strong>in</strong>g<br />
government regulations perta<strong>in</strong><strong>in</strong>g <strong>to</strong> emissions and <strong>in</strong>vestments made <strong>by</strong> au<strong>to</strong>mobile<br />
manufacturers <strong>in</strong> R&D activities <strong>to</strong> reduce emissions are likely <strong>to</strong> stimulate au<strong>to</strong>motive <strong>part</strong><br />
<strong>cleaners</strong> and <strong>degreasers</strong> <strong>market</strong> growth.<br />
UK au<strong>to</strong>motive <strong>part</strong> <strong>cleaners</strong> & <strong>degreasers</strong> <strong>market</strong> size regard<strong>in</strong>g light commercial<br />
vehicles was valued at USD 28.5 million <strong>in</strong> 2017. These vehicles offer low operat<strong>in</strong>g<br />
& ma<strong>in</strong>tenance costs, fuel efficiency and are used on a larger scale. These vehicles<br />
allow modification as per requirements and are witness<strong>in</strong>g significant demand on<br />
account of road <strong>in</strong>frastructure growth. The country is witness<strong>in</strong>g grow<strong>in</strong>g <strong>in</strong>vestment<br />
<strong>in</strong> R&D activities <strong>to</strong> <strong>in</strong>crease vehicle lifespan, eng<strong>in</strong>e performance and ensure<br />
regula<strong>to</strong>ry compliance which should lead <strong>to</strong> a significant demand for various<br />
au<strong>to</strong>motive <strong>part</strong> <strong>cleaners</strong> and <strong>degreasers</strong>.<br />
<strong>Au<strong>to</strong>motive</strong> Part Cleaners & Degreasers Market Size, By Cleaners, 2017 & <strong>2024</strong>,<br />
(Million Gallons)<br />
Ch<strong>in</strong>a transmission degreaser <strong>market</strong> size is estimated <strong>to</strong> exceed USD 1 billion <strong>by</strong><br />
<strong>2024</strong> perta<strong>in</strong><strong>in</strong>g <strong>to</strong> ris<strong>in</strong>g purchas<strong>in</strong>g power and standard of liv<strong>in</strong>g. This product<br />
breaks down varnish deposits and cleans <strong>in</strong>ternal transmission components <strong>to</strong><br />
prevent damage and ensure <strong>passenger</strong> safety. They improve vehicle speed and<br />
ma<strong>in</strong>ta<strong>in</strong> optimal gearbox condition. Increas<strong>in</strong>g demand for vehicle longevity,<br />
performance, leakage elim<strong>in</strong>ation and periodic servic<strong>in</strong>g should accelerate<br />
au<strong>to</strong>motive <strong>part</strong> <strong>cleaners</strong> and <strong>degreasers</strong> <strong>market</strong> growth.<br />
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Browse key <strong>in</strong>dustry <strong>in</strong>sights spread across 290 pages with 411 <strong>market</strong> data tables &<br />
46 figures & charts from the report, “<strong>Au<strong>to</strong>motive</strong> Part Cleaners & Degreasers<br />
Market Size By Product (Cleaners [Brake Cleaners, Eng<strong>in</strong>e Flush Cleaners,<br />
Carbure<strong>to</strong>r Cleaners, Catalytic Converter Cleaners], Degreasers [Eng<strong>in</strong>e<br />
Degreasers, Transmission Degreasers, Exhaust Parts Degreasers]), By Type<br />
(Water-Based, Solvent-Based), By Vehicle Type (Passenger Cars, Light<br />
Commercial Vehicles, Heavy Commercial Vehicles, Two Wheelers), Industry<br />
Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK,<br />
France, Italy, Spa<strong>in</strong>, Russia, Poland, Czech Republic, Ch<strong>in</strong>a, India, Japan,<br />
South Korea, Thailand, Indonesia, Malaysia, Australia, Brazil, Iran, Egypt,<br />
Morocco, Algeria, Tunisia, South Africa), Application Potential, Price Trends,<br />
Competitive Market Share & Forecast, 2018 - <strong>2024</strong>” <strong>in</strong> detail along with the table<br />
of contents: https://bit.ly/2BLxDiV<br />
Global au<strong>to</strong>motive <strong>part</strong> <strong>cleaners</strong> & <strong>degreasers</strong> <strong>market</strong> from HCV’s may register<br />
growth at over 2.5% <strong>by</strong> the end of forecast period. Government <strong>in</strong>itiatives <strong>to</strong> <strong>in</strong>vest <strong>in</strong><br />
road construction, commercial and & non- commercial projects, and travel & <strong>to</strong>urism<br />
sec<strong>to</strong>r have <strong>in</strong>creased the demand of for heavy commercial vehicles for the<br />
transportation of raw materials, there<strong>by</strong> enhanc<strong>in</strong>g product demand.<br />
Global au<strong>to</strong>motive <strong>part</strong> <strong>cleaners</strong> <strong>market</strong> share is consolidated and less competitive<br />
with the key manufacturers be<strong>in</strong>g BASF, 3M Company, DowDupont, WD-40 and<br />
Valvol<strong>in</strong>e Inc. Other manufacturers <strong>in</strong>clude Wurth USA, GUNK, Bardahl<br />
Manufactur<strong>in</strong>g Corporation, and Engen Petroleum Ltd. Various manufacturers are<br />
<strong>in</strong>dulg<strong>in</strong>g <strong>in</strong> strategic acquisitions <strong>to</strong> foster regional presence and improve product<br />
offer<strong>in</strong>g. Companies are engag<strong>in</strong>g <strong>in</strong> strategic collaborations <strong>to</strong> develop <strong>in</strong>novative<br />
products and expand production range which should accelerate au<strong>to</strong>motive <strong>part</strong><br />
<strong>cleaners</strong> <strong>market</strong> growth.<br />
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Industry Coverage<br />
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