The scope of our recent study on the "Car Care Products Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product, Application, and Distribution Channel," comprises the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments. The report also provides a market share analysis.

The car care products market is expected to grow from US$ 4,936.87 million in 2022 to US$ 6,748.70 million by 2028; it is estimated to register a CAGR of 5.3% from 2022 to 2028.

Cars are regularly exposed to sand, gravel, tree sap, sun rays, road asphalt, deicing agents, bird droppings, and airborne contaminants. These pollutants can damage protective coatings and deteriorate automotive finishes. Consequently, there is a rise in the demand for car care products worldwide as they assist in restoring the interiors, cleaning the outer body, extending life, and adding to the value of the vehicle. Car care products generally include pads, cleaners, sprays, waxes, and dust repellents. Leading manufacturers are introducing novel products, such as powerful degreasers that can eliminate engine grease and clean dirt buildup on wheels and tires.

Based on application, the car care products market is bifurcated into interior and exterior. The interior segment held a larger share in 2022 and is expected to register a higher CAGR from 2022 to 2028. Various products such as foam, rubbing alcohol, shampoo, and slime are used to clean the car's interior, such as seats, carpets, and roof liners. Manufacturers introduced various innovative products such as slime gel to clean the interior and electronic appliances of a car. Car cleaning chemicals enable the deep cleaning of interiors by removing dirt, residues, and grime that gather on the interior surfaces without affecting the texture of the interior material. Manufacturers are focused on developing biodegradable waterless car wash products and eco-friendly car care products to reduce the environmental impact. The growing awareness among vehicle owners about the need for car's interior care is projected to fuel the car care products market growth for the interior segment.

The car care products market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Asia Pacific held the largest market share in 2022 and is expected to register the highest CAGR during the forecast period. The growing sales of vehicles in the Asia Pacific region are the key driver of car care products in the region. Countries in the region such as India and China, are some of the largest markets for car care products. Moreover, the expansion of car care shops in the developing countries of Asia Pacific region is bolstering the car care products market growth.

Impact of COVID-19 Pandemic on Car Care Products Market

The abrupt emergence of the COVID-19 pandemic across the globe forced the shutdown of vehicle manufacturing plants, affecting the demand for car care products. Moreover, politically enforced measures to contain the virus, such as implementing curfews, closing factories, offices, and dealerships and the resulting dismissals of short-time workers, led to a decrease in sales numbers of vehicles. Furthermore, disrupted global supply chains hampered the availability of raw materials at manufacturing plants, further impacting manufacturing activities, delivery schedules, and essential and nonessential product sales. All these factors hindered various industries in 2020 and early 2021, thus restraining the growth of various markets, including the car care products market. However, the importance of cleaning products, including car cleaning products, has increased after the emergence of the COVID-19 pandemic.

Moreover, in 2021, various economies resumed operation as governments of various countries announced the relaxation of the previously imposed restrictions, which boosted the global marketplace. Further, manufacturers were permitted to operate at full capacity, which helped them overcome the demand and supply gap and other repercussions. The automotive industry is expected to provide the impetus for the car care products market growth during the forecast period.

The report segments the car care products market as follows:

Based on product, the car care products market is segmented into cleaning products, polishing & waxing products, fresheners, and others. Based application, the car care products market is bifurcated into interior and exterior. Based on distribution channel, the car care products market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. By geography, the car care products market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.

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