Connect with us

Uncategorized

Automotive Aftermarket Appearance Chemicals Market Report 2022: Pre-Owned Cars & Auto Leasing Drives Growth

Automotive Aftermarket Appearance Chemicals Market Report 2022: Pre-Owned Cars & Auto Leasing Drives Growth
PR Newswire
Dublin, Jan. 27, 2023

Dublin, Jan. 27, 2023 /PRNewswire/ — The “Automotive Aftermarket Appearance Chemicals – Global Strate…

Published

on

Automotive Aftermarket Appearance Chemicals Market Report 2022: Pre-Owned Cars & Auto Leasing Drives Growth

PR Newswire

Dublin, Jan. 27, 2023 /PRNewswire/ -- The "Automotive Aftermarket Appearance Chemicals - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

 

Global Automotive Aftermarket Appearance Chemicals Market to Reach $5.2 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Automotive Aftermarket Appearance Chemicals estimated at US$4.4 Billion in the year 2022, is projected to reach a revised size of US$5.2 Billion by 2030, growing at a CAGR of 2.2% over the analysis period 2022-2030. Windshield Washer Fluids, one of the segments analyzed in the report, is projected to record a 1.6% CAGR and reach US$1.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Waxes / Polishes segment is readjusted to a revised 2.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 3.5% CAGR

The Automotive Aftermarket Appearance Chemicals market in the U.S. is estimated at US$1.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$968.6 Million by the year 2030 trailing a CAGR of 3.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.3% and 1.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$649.1 Million by the year 2030.

Select Competitors (Total 72 Featured) -

  • 3M Automotive Aftermarket Division
  • 3M Company
  • Blue Ribbon Products Inc.
  • Illinois Tool Works Inc.
  • Meguiar`s Inc.
  • Niteo Products LLC
  • Northern Labs Inc.
  • Permatex Inc.
  • Protect All Inc.
  • Turtle Wax Inc.

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Automotive Appearance Chemicals Market - A Prelude
  • Recent Market Activity
  • New Vehicles have Higher Per Capita Usage
  • Economic Factors Play an Important Role in the Market
  • Global GDP Growth Plateauing - A Mixed Bag of Opportunities
  • Market Outlook
  • Global Market Analysis
  • Automotive Aftermarket Appearance Chemicals - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

  • 3M Company (USA)
  • 3M Automotive Aftermarket Division (USA)
  • Bondo Corporation (USA)
  • Meguiar's, Inc. (USA)
  • Armored AutoGroup Inc. (USA)
  • Blue Ribbon Products, Inc. (USA)
  • ITW Global Brands (USA)
  • Permatex, Inc. (USA)
  • Niteo Products, LLC (USA)
  • Northern Labs, Inc. (USA)
  • Protect All, Inc. (USA)
  • Turtle Wax, Inc. (USA)

3. MARKET TRENDS & DRIVERS

  • Large Global Base of Vehicle Fleet & Projected Rise in New Auto Sales Offers Potential for Growth
  • Increasing Vehicular Population Provides Immense Opportunities
  • Demand for Aftermarket Automotive Appearance Chemicals Grows Rapidly as Vehicle Owners Retain their Vehicles Longer
  • Technology Improvements Increase Vehicle Life
  • Increased Life Brings Maintenance into Focus
  • Increasing Affinity for Road Trips Spurs Market for Appearance Chemicals
  • Need for Product Differentiation Drives Innovations in Specialty Automotive Coating Chemicals
  • Growing Awareness on Importance of Vehicle Maintenance - A Major Growth Factor
  • Making Most of Opportunities in the DIY Segment
  • Growing Demand for DIFM Services Turn 'Service Providers' into Target Customers for Aftermarket Appearance Chemicals
  • Pre-Owned Cars & Auto Leasing Drives Growth
  • Luxury Car Owners - A Premier Market Segment
  • China and India Zooming Ahead in Luxury Car Sales
  • Car Grooming Centers Play a Vital Role in the Market
  • Growing Investments on Vintage & Classic Cars Augurs Well for the Market
  • Environmental Friendly Products Top Priority Charts of Manufacturers
  • Solvent Based Coatings Make Way for Water Based Formulations
  • Volatile Silicones Emerge as an Alternative to Hydrocarbon Based Solvents
  • Easy-to-Use Products Gain Popularity
  • Introduction of Silicone Waxes in Automotive Polishes Gains Prominence
  • Plasti Dipping Trend Gains Traction for Protecting Vehicular Appearance
  • Advancing Material Technology - Boon or Bane?
  • Internet Retailing - A Major Growth Avenue
  • Soaring Costs of Raw Materials for Automotive Refinish Coatings - A Key Challenge

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/b1cpug

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/automotive-aftermarket-appearance-chemicals-market-report-2022-pre-owned-cars--auto-leasing-drives-growth-301732629.html

SOURCE Research and Markets

Read More

Continue Reading

Uncategorized

Part 1: Current State of the Housing Market; Overview for mid-March 2024

Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-March 2024
A brief excerpt: This 2-part overview for mid-March provides a snapshot of the current housing market.

I always like to star…

Published

on

Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-March 2024

A brief excerpt:
This 2-part overview for mid-March provides a snapshot of the current housing market.

I always like to start with inventory, since inventory usually tells the tale!
...
Here is a graph of new listing from Realtor.com’s February 2024 Monthly Housing Market Trends Report showing new listings were up 11.3% year-over-year in February. This is still well below pre-pandemic levels. From Realtor.com:

However, providing a boost to overall inventory, sellers turned out in higher numbers this February as newly listed homes were 11.3% above last year’s levels. This marked the fourth month of increasing listing activity after a 17-month streak of decline.
Note the seasonality for new listings. December and January are seasonally the weakest months of the year for new listings, followed by February and November. New listings will be up year-over-year in 2024, but we will have to wait for the March and April data to see how close new listings are to normal levels.

There are always people that need to sell due to the so-called 3 D’s: Death, Divorce, and Disease. Also, in certain times, some homeowners will need to sell due to unemployment or excessive debt (neither is much of an issue right now).

And there are homeowners who want to sell for a number of reasons: upsizing (more babies), downsizing, moving for a new job, or moving to a nicer home or location (move-up buyers). It is some of the “want to sell” group that has been locked in with the golden handcuffs over the last couple of years, since it is financially difficult to move when your current mortgage rate is around 3%, and your new mortgage rate will be in the 6 1/2% to 7% range.

But time is a factor for this “want to sell” group, and eventually some of them will take the plunge. That is probably why we are seeing more new listings now.
There is much more in the article.

Read More

Continue Reading

Uncategorized

Pharma industry reputation remains steady at a ‘new normal’ after Covid, Harris Poll finds

The pharma industry is hanging on to reputation gains notched during the Covid-19 pandemic. Positive perception of the pharma industry is steady at 45%…

Published

on

The pharma industry is hanging on to reputation gains notched during the Covid-19 pandemic. Positive perception of the pharma industry is steady at 45% of US respondents in 2023, according to the latest Harris Poll data. That’s exactly the same as the previous year.

Pharma’s highest point was in February 2021 — as Covid vaccines began to roll out — with a 62% positive US perception, and helping the industry land at an average 55% positive sentiment at the end of the year in Harris’ 2021 annual assessment of industries. The pharma industry’s reputation hit its most recent low at 32% in 2019, but it had hovered around 30% for more than a decade prior.

Rob Jekielek

“Pharma has sustained a lot of the gains, now basically one and half times higher than pre-Covid,” said Harris Poll managing director Rob Jekielek. “There is a question mark around how sustained it will be, but right now it feels like a new normal.”

The Harris survey spans 11 global markets and covers 13 industries. Pharma perception is even better abroad, with an average 58% of respondents notching favorable sentiments in 2023, just a slight slip from 60% in each of the two previous years.

Pharma’s solid global reputation puts it in the middle of the pack among international industries, ranking higher than government at 37% positive, insurance at 48%, financial services at 51% and health insurance at 52%. Pharma ranks just behind automotive (62%), manufacturing (63%) and consumer products (63%), although it lags behind leading industries like tech at 75% positive in the first spot, followed by grocery at 67%.

The bright spotlight on the pharma industry during Covid vaccine and drug development boosted its reputation, but Jekielek said there’s maybe an argument to be made that pharma is continuing to develop innovative drugs outside that spotlight.

“When you look at pharma reputation during Covid, you have clear sense of a very dynamic industry working very quickly and getting therapies and products to market. If you’re looking at things happening now, you could argue that pharma still probably doesn’t get enough credit for its advances, for example, in oncology treatments,” he said.

Read More

Continue Reading

Uncategorized

Q4 Update: Delinquencies, Foreclosures and REO

Today, in the Calculated Risk Real Estate Newsletter: Q4 Update: Delinquencies, Foreclosures and REO
A brief excerpt: I’ve argued repeatedly that we would NOT see a surge in foreclosures that would significantly impact house prices (as happened followi…

Published

on

Today, in the Calculated Risk Real Estate Newsletter: Q4 Update: Delinquencies, Foreclosures and REO

A brief excerpt:
I’ve argued repeatedly that we would NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble). The two key reasons are mortgage lending has been solid, and most homeowners have substantial equity in their homes..
...
And on mortgage rates, here is some data from the FHFA’s National Mortgage Database showing the distribution of interest rates on closed-end, fixed-rate 1-4 family mortgages outstanding at the end of each quarter since Q1 2013 through Q3 2023 (Q4 2023 data will be released in a two weeks).

This shows the surge in the percent of loans under 3%, and also under 4%, starting in early 2020 as mortgage rates declined sharply during the pandemic. Currently 22.6% of loans are under 3%, 59.4% are under 4%, and 78.7% are under 5%.

With substantial equity, and low mortgage rates (mostly at a fixed rates), few homeowners will have financial difficulties.
There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/

Read More

Continue Reading

Trending