Market Research Future (MRFR) has launched a new release on the global Electrical Tapes Market. The report presents a thorough overview of the global [FURL=https://www.marketresearchfuture.com/reports/automobile-care-products-market-8657]Automobile Care Products Market[/FURL] on the back of a detailed analysis of the market’s historical growth trajectory and leading segments. The market’s historical growth trajectory is assessed in detail in the report in order to understand the major factors underlying the market’s growth in the study period.Market Highlights
The Global Automobile Care Products Market is expected to be valued at USD 16,122 Million by 2025, with a CAGR of 4.11% during the forecast period (2019–2025).
The report covers segmentations and market dynamics for a better glimpse of the market in the coming years. Automobile care products market are used to enhance the aesthetic appearance of the vehicle. The products include cleaning and caring products, polishing and waxing products, and sealing glaze and coating products.
The car polishes, aerosol spray, car buffers, scrapers, car washers, and wash brushes are used to maintain the condition of the vehicle. Automobile care products are available through both online and offline channels such as retail dealers and distributors and auto shops.
Competitive Analysis
Some of the key industry participants in the global market for automobile care products are Valvoline Inc. (US), Total S.A (France), SOFT99 corporation. (Japan), Tetrosyl Ltd. (England), Simoniz USA (US), 3M (US), Turtle Wax (US), The Armor All (US), SONAX GmbH (Germany), LIQUI MOLY GmbH (Germany), Autoglym (UK), Guangzhou Botny Chemical Co., Ltd (China), Illinois Tool Works Inc. (US), Guangzhou Biaobang Car Care Industry Co., Ltd (China), Adolf Würth GmbH & Co. KG (Germany), Jopasu Systems Pvt. Ltd. (India), Mothers Inc. (US) and BULLSONE Co. Ltd (South Korea).
Valvoline focuses on expansion across the globe by expanding its distribution facilities. It has established strategic relationships with Cummins Inc. a leading supplier of heavy-duty engines for co-branding of products for heavy duty applications. It has also been strengthening and expanding its existing business by improving the distribution channels and the market penetration. The company is making steady provisions to launch market-orientated products in various regions, globally in an effort to enhance their performance. Furthermore, the company is focusing on research and development to strengthen their global presence.
3M is primarily focused on acquisitions and R&D efforts. The company has been engaging in acquisitions and divestitures. 3M plans to spend USD 20 billion on acquisitions by 2020. It focuses on its high-growth operations and strategizes to reduce dependence on consumer and electronics markets over the last several years. 3M has sold off 14 businesses while making a number of increasingly expensive acquisitions. It has established its presence in health care product disinfectant and protection, filtration membranes, and firefighter breathing apparatu
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