Automotive Chemicals Market Analysis & Forecast 2024-2030

Global Automotive Chemicals Market is expected to reach USD 3342.13 million by 2030 with CAGR of 6.2% between 2024 and 2030

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 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 users to make precise decision 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. Report 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: 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
• 3M
• British Petroleum
• Exxon Mobil
• CNPC
• Chevron Corporation
• DuPont
• Shell
• 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 a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• 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

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