Market Overview:
The global car wax market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the global car wax market can be attributed to the increasing demand for luxury cars and rising awareness about the benefits of using car waxes. The global car wax market is segmented on the basis of type, application, and region. On the basis of type, the global car wax market is segmented into natural Waxes, synthetic Waxes, paste Waxes, liquid Waxes, spray Waxes and colored Waxes.
Product Definition:
A car wax is a product that is applied to the exterior of a car to protect it from the elements and to give it a shiny appearance. Car waxes come in many different varieties, but all contain some type of sealant or protective agent that helps keep the paint on the car looking new.
Natural Waxes:
Natural waxes are obtained from plant & animal sources, such as petroleum, palm oil, soybean meal & beeswax. These products have high melting points and low boiling points. They are usually colorless in nature but can be found in shades of yellow, red or brown depending upon the source from which they are extracted. The major applications of these waxes include packaging and cosmetics industries; where they find application as a coating agent for paperboard containers and cosmetic packaging respectively.
Synthetic Waxes:
Synthetic waxes are man-made or laboratory produced waxes that are not derived from animal fats. They have high melting points and low molecular weights compared to natural waxes. Synthetic (man-made) wax is usually a mixture of paraffin, microcrystalline cellulose, and synthetic oil.
Application Insights:
The individual application segment held the largest share of over 70.0% in 2017. The rising number of car owners in developing countries including China, India and Brazil is expected to have a positive impact on the overall industry growth over the forecast period. In addition, increasing disposable income levels among consumers in these regions will also help increase market penetration globally.
The commercial segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing to growing demand for luxury cars and trucks from developed countries including U.S.
Regional Analysis:
North America was the largest market for global car wax in 2016 and will expand further at a steady CAGR from 2017 to 2030 owing to high demand for luxury vehicles in the region. The presence of major automobile manufacturers such as Ford Motors Company, General Motors Company, and Fiat Chrysler Automobiles N.V., has led to increased sales of these vehicles which is expected to drive the product demand over the forecast period.
The U.S dominated North America market with more than 340 million cars sold since 1921 till date, this trend is expected continue on account of increasing vehicle production globally thereby driving product consumption over the forecast period.
Growth Factors:
- Increasing demand for luxury cars
- Rising disposable income of consumers
- Technological advancements in car wax products
- Growing awareness about the benefits of car waxing
- Increasing number of car detailing services
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Wax Market Research Report
By Type
Natural Waxes, Synthetic Waxes, Paste Waxes, Liquid Waxes, Spray Waxes, Colored Waxes
By Application
Commercial, Individual
By Companies
Turtle Wax, 3M, Henkel, SONAX, Northern Labs, Malco Products, Mother’s, Bullsone, Prestone, Darent Wax, Biaobang, Chief, Tetrosyl (CarPlan), SOFT99
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Car Wax Market Report Segments:
The global Car Wax market is segmented on the basis of:
Types
Natural Waxes, Synthetic Waxes, Paste Waxes, Liquid Waxes, Spray Waxes, Colored Waxes
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
Commercial, Individual
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:
- Turtle Wax
- 3M
- Henkel
- SONAX
- Northern Labs
- Malco Products
- Mother’s
- Bullsone
- Prestone
- Darent Wax
- Biaobang
- Chief
- Tetrosyl (CarPlan)
- SOFT99
Highlights of The Car Wax 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:
- Natural Waxes
- Synthetic Waxes
- Paste Waxes
- Liquid Waxes
- Spray Waxes
- Colored Waxes
- By Application:
- Commercial
- Individual
- 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 Car Wax 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?
Car wax is a type of polish that is used to protect the paint on a car. It is made from a mixture of wax and oil, and it can be applied to the car using a cloth or applicator.
Some of the major players in the car wax market are Turtle Wax, 3M, Henkel, SONAX, Northern Labs, Malco Products, Mother’s, Bullsone, Prestone, Darent Wax, Biaobang, Chief, Tetrosyl (CarPlan), SOFT99.
The car wax market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car Wax 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 Car Wax Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car Wax 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 Car Wax 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 Car Wax Market Size & Forecast, 2020-2028
4.5.1 Car Wax Market Size and Y-o-Y Growth
4.5.2 Car Wax Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Natural Waxes
5.2.2 Synthetic Waxes
5.2.3 Paste Waxes
5.2.4 Liquid Waxes
5.2.5 Spray Waxes
5.2.6 Colored Waxes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Individual
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Wax 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 Car Wax 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Natural Waxes
9.6.2 Synthetic Waxes
9.6.3 Paste Waxes
9.6.4 Liquid Waxes
9.6.5 Spray Waxes
9.6.6 Colored Waxes
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 Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Individual
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Natural Waxes
10.6.2 Synthetic Waxes
10.6.3 Paste Waxes
10.6.4 Liquid Waxes
10.6.5 Spray Waxes
10.6.6 Colored Waxes
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 Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Individual
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Natural Waxes
11.6.2 Synthetic Waxes
11.6.3 Paste Waxes
11.6.4 Liquid Waxes
11.6.5 Spray Waxes
11.6.6 Colored Waxes
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 Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Individual
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Natural Waxes
12.6.2 Synthetic Waxes
12.6.3 Paste Waxes
12.6.4 Liquid Waxes
12.6.5 Spray Waxes
12.6.6 Colored Waxes
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 Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Individual
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Natural Waxes
13.6.2 Synthetic Waxes
13.6.3 Paste Waxes
13.6.4 Liquid Waxes
13.6.5 Spray Waxes
13.6.6 Colored Waxes
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) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Individual
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 Car Wax Market: Competitive Dashboard
14.2 Global Car Wax Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Turtle Wax
14.3.2 3M
14.3.3 Henkel
14.3.4 SONAX
14.3.5 Northern Labs
14.3.6 Malco Products
14.3.7 Mother’s
14.3.8 Bullsone
14.3.9 Prestone
14.3.10 Darent Wax
14.3.11 Biaobang
14.3.12 Chief
14.3.13 Tetrosyl (CarPlan)
14.3.14 SOFT99
