Projeted Growth
Moderate

Growth Potential Meter

Automotive Chemicals Market by Product Type (Material Plastics, Lubricants, Coatings, Adhesives, and Maintenance Chemicals) by Application (Two-Wheelers, Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles) by Industry Analysis, Volume, Share, Growth, Challenges, Trends and Forecast 2019-2027

Number of pages: 118 | Report Code: PSMR- PSMR-007100 | Report Format : PDF

Report Coverage

Parameters Details

Base Year

2021

Historical Data

2016-2021

Forecast Data

2022-2028

Base Year Value (2021)

USD 1944.93 million

Forecast Value (2028)

USD 2963.299805 million

CAGR (2022 to 2028)

6.2 %

Regional Scope

North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW

Global Automotive Chemicals Market is estimated to reach USD 2790.3 million by 2027, growing at a CAGR of 6.2 % between 2019 and 2027  


Automotive chemicals are used in various parts and components of vehicles in automotive industry. Different products such as lubricants, adhesives, cleaning and maintenance chemicals, and coatings are used in the automotive industry for the purpose of increasing efficiency and preventing corrosion. Products growth growth will be directed by developing trends in the automotive industry, such as greater importance on reduction of emissions and focus on fuel efficiency, resulting in greater demand for automotive chemicals. However, the market is likely to witness a slow growth rate owing to increasing restrictions on the use of solvents based paints which are high in volatile organic chemicals (VOC). Focus on developing innovative chemicals such as bio-based automotive chemicals are estimated to provide new opportunities for the growth of the market.  


The report comprises value chain analysis for each of the product segments. Value chain analysis offers in depth information about value addition at each stage. The study includes drivers and restraints for Automotive Chemicals Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Our study Automotive Chemicals Market helps user to make precise decision in order to expand their market presence and increase market share.  


The report provides Automotive Chemicals Market Dynamics ,includes industry growth drivers, challenges, opportunities , risk, constraints as well as threats .Reports also includes Manufacturing Cost Analysis mainly included Raw Materials Analysis, Price Trend of product, Mergers & Acquisitions, Expansion, Key Suppliers of product, Concentration Rate of Automotive Chemicals Market, Manufacturing Process Analysis. Research Report contains Market Effect Factors analysis mainly included Technology Progress, Consumer Needs Trend, External Environmental Change.  


Light commercial vehicle (LCV) is the second-largest segment of automotive chemical industry. Automotive chemicals are majorly used to maintain the appearance of vehicles while protecting the interior and exterior surface from damage. The cars and LCV segments are expected to be the highest revenue generating segments owing to the increasing demand for cars by the young population in countries such as India and China. In addition, with the growing need for logistic vehicles, the demand for LCVs is expected to grow.  


 Global Automotive Chemicals Market
 


Global Automotive Chemicals Market: Product Type

  • Material Plastics
  • Lubricants
  • Coatings
  • Adhesives
  • Maintenance Chemicals

Global Automotive Chemicals Market: Application

  • Two-Wheelers
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Global Automotive Chemicals Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Automotive Chemicals Market:

  • AkzoNobel
  • BASF SE
  • British Petroleum
  • Wxxon Mobil
  • CNPC
  • Chevron Corporation
  • DuPont
  • Duchs Lubricants
  • Shell
  • Sinopec Lubricant Company
  • TEEC Automotive Chemicals Co. Ltd.
  • The Dow Chemical Company

Geographical analysis of Global Automotive Chemicals Market:

  • North America
    • U.S.A.
    • Canada
  • Europe
    • France
    • Germany
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South East Asia
  • Latin America
    • Brazil
  • Middle East and Africa

Global Automotive Chemicals Market Report delivers comprehensive analysis of :

  • Market Forecast for 2019-27
  • Market growth drivers
  • Challenges and Opportunities
  • Emerging and Current market trends
  • Market player Capacity, Production, Revenue (Value)
  • Supply (Production), Consumption, Export, Import analysis
  • End user/application Analysis


Frequently Asked Questions (FAQ)


Automotive Chemicals Market was valued at around USD 1944.93 million in 2021 & estimated to reach USD 2963.299805 by 2028.




Automotive Chemicals Market is likely to grow at compounded annual growth rate (CAGR) of 6.2% between 2022 to 2028.












Yes, the report includes COVID 19 impact on the market.



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