Market Overview:
The global automotive chemicals market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles, especially in developing countries such as China and India. In addition, the increasing demand for lightweight vehicles and electric vehicles is also contributing to the growth of this market. The lubricants segment is expected to dominate the global automotive chemicals market during the forecast period from 2018 to 2030. This segment accounted for a share of more than 50% of the total market in 2017 and is projected to grow at a CAGR of 5.8% duringthe forecast period from 2018to2030.
Product Definition:
A chemical used in the manufacture or treatment of automobiles and their parts.
Lubricants:
Lubricants are organic chemical compounds that are added to engines in significant quantities for the purpose of transferring mechanical energy from one place to another. They reduce friction between moving parts and enable smooth functioning of internal combustion engines. Lubricants also offer a variety of other benefits such as improved engine efficiency, better protection against wear & tear, longer engine life and lower fuel consumption.
Adhesives:
Adhesives are a class of chemical compounds that bind two or more materials together. They may be natural or synthetic, permanent or temporary, based on the type of bonding desired. Adhesives have widespread applications in industries such as construction, packaging and transportation, furniture and furnishing and general consumer goods owing to their versatility and durability.
Application Insights:
OEMs held the largest market share of over 70% in 2017. The dominance is attributed to the extensive use of OEM chemicals across all major automotive markets worldwide. Automotive manufacturers are continuously looking for ways to reduce production costs and conserve resources while maintaining high quality standards, which has driven them towards using generic formulations for some of their components and materials. This trend is expected to continue over the forecast period as it helps them achieve higher efficiency levels with fewer resources, thereby driving down overall manufacturing costs for automakers.
The aftermarket segment is anticipated to register a significant CAGR during the forecast period on account of rising demand from consumers who have previously owned vehicles that were serviced by an auto parts retailer or a repair facility that used aftermarket products extensively.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, with a CAGR of XX% from 2018 to 2030 owing to increasing vehicle production in China and India. In addition, rising disposable income levels in these countries are expected to fuel demand for passenger cars over the forecast period.
North America accounted for a volume share of 23.1% in 2017 owing to high demand from U.S.
Growth Factors:
- Increasing demand for lightweight vehicles: The automotive industry is witnessing a shift towards the production of lightweight vehicles, in order to improve fuel efficiency. This is resulting in an increased demand for automotive chemicals, which are used in the manufacture of lightweight materials and components.
- Rising popularity of electric vehicles: Electric vehicles are becoming increasingly popular due to their low emissions and fuel efficiency. This is leading to an increase in the demand for automotive chemicals that are used in the manufacturing of electric vehicle components and batteries.
- Growing focus on vehicle safety: Vehicle safety has become a key concern for automakers, who are now focusing on incorporating advanced safety features into their cars. This is resulting in an increased demand for automotive chemicals that are used in the manufacture of safety-related components such as airbags and seatbelts.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Chemicals Market Research Report
By Type
Lubricants, Adhesives, Cleaning, Maintenance Chemicals, Coatings, Others
By Application
OEMs, Aftermarket
By Companies
Exxon Mobil, The Dow Chemical, CNPC, Shell, Chevron Corporation, DuPont, BASF SE, AkzoNobel, British Petroleum, Fuchs Lubricants, Sinopec Lubricant Company, TEEC Automotive Chemicals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Chemicals Market Report Segments:
The global Automotive Chemicals market is segmented on the basis of:
Types
Lubricants, Adhesives, Cleaning, Maintenance Chemicals, Coatings, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEMs, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Exxon Mobil
- The Dow Chemical
- CNPC
- Shell
- Chevron Corporation
- DuPont
- BASF SE
- AkzoNobel
- British Petroleum
- Fuchs Lubricants
- Sinopec Lubricant Company
- TEEC Automotive Chemicals
Highlights of The Automotive Chemicals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lubricants
- Adhesives
- Cleaning
- Maintenance Chemicals
- Coatings
- Others
- By Application:
- OEMs
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive chemicals are a type of chemical used in the automotive industry. Automotive chemicals are used to clean, lubricate, and protect car parts.
Some of the key players operating in the automotive chemicals market are Exxon Mobil, The Dow Chemical, CNPC, Shell, Chevron Corporation, DuPont, BASF SE, AkzoNobel, British Petroleum, Fuchs Lubricants, Sinopec Lubricant Company, TEEC Automotive Chemicals.
The automotive chemicals market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Chemicals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Chemicals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Chemicals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Chemicals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Chemicals Market Size & Forecast, 2018-2028
4.5.1 Automotive Chemicals Market Size and Y-o-Y Growth
4.5.2 Automotive Chemicals Market Absolute $ Opportunity
Chapter 5 Global Automotive Chemicals Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Chemicals Market Size Forecast by Type
5.2.1 Lubricants
5.2.2 Adhesives
5.2.3 Cleaning
5.2.4 Maintenance Chemicals
5.2.5 Coatings
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Chemicals Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Chemicals Market Size Forecast by Applications
6.2.1 OEMs
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Chemicals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Chemicals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Chemicals Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Chemicals Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Chemicals Market Size Forecast by Type
9.6.1 Lubricants
9.6.2 Adhesives
9.6.3 Cleaning
9.6.4 Maintenance Chemicals
9.6.5 Coatings
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Chemicals Market Size Forecast by Applications
9.10.1 OEMs
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Chemicals Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Chemicals Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Chemicals Market Size Forecast by Type
10.6.1 Lubricants
10.6.2 Adhesives
10.6.3 Cleaning
10.6.4 Maintenance Chemicals
10.6.5 Coatings
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Chemicals Market Size Forecast by Applications
10.10.1 OEMs
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Chemicals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Chemicals Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Chemicals Market Size Forecast by Type
11.6.1 Lubricants
11.6.2 Adhesives
11.6.3 Cleaning
11.6.4 Maintenance Chemicals
11.6.5 Coatings
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Chemicals Market Size Forecast by Applications
11.10.1 OEMs
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Chemicals Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Chemicals Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Chemicals Market Size Forecast by Type
12.6.1 Lubricants
12.6.2 Adhesives
12.6.3 Cleaning
12.6.4 Maintenance Chemicals
12.6.5 Coatings
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Chemicals Market Size Forecast by Applications
12.10.1 OEMs
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Chemicals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Chemicals Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Chemicals Market Size Forecast by Type
13.6.1 Lubricants
13.6.2 Adhesives
13.6.3 Cleaning
13.6.4 Maintenance Chemicals
13.6.5 Coatings
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Chemicals Market Size Forecast by Applications
13.10.1 OEMs
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Chemicals Market: Competitive Dashboard
14.2 Global Automotive Chemicals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exxon Mobil
14.3.2 The Dow Chemical
14.3.3 CNPC
14.3.4 Shell
14.3.5 Chevron Corporation
14.3.6 DuPont
14.3.7 BASF SE
14.3.8 AkzoNobel
14.3.9 British Petroleum
14.3.10 Fuchs Lubricants
14.3.11 Sinopec Lubricant Company
14.3.12 TEEC Automotive Chemicals
