New Technologies Adopted for Manufacturing Cleaners and Degreasers
Engine Flush Cleaner is estimated to hold the largest share of the cleaner & degreaser aftermarket. There is an increasing need of keeping the engine free from grease, sludge, and other combustion by-products as these deposits can harm the performance of the engine and impact the overall vehicle performance. Engine flush cleaner is used to clean the engine from inside and also the oil feed system. The engine flush cleaner is recommended as a good quality oil filter as it removes the contaminants up to 25 microns. It is recommended to flush the engine after 2,500 to 5,000 miles for passenger cars. Around 50 ml of engine flush is required per liter of oil. Hence, the requirement of engine flush varies as per the engine size and capacity. As the recommended usage miles of engine flush cleaner is less, the market for engine flush cleaner is estimated to hold the largest share. Passenger car segment is estimated to be the fastest growing segment of the cleaner & degreaser aftermarket. Passenger car segment is estimated to be the fastest growing segment of the cleaner & degreaser aftermarket. The market growth in this vehicle segment can be attributed to the high share of around 72% of the total vehicle parc in 2016, as per OICA. Factors such as growing consumer disposable income and increasing vehicle ownership with easy finance options have led to the rise in vehicle sales. The passenger car segment is witnessing tremendous growth in the Asia Pacific region, particularly in developing countries such as India and China. With the increase in disposable income of the people, these countries have seen a huge demand for passenger cars. Also, the average age of vehicle is high in the region, and people do not scrap the vehicle early. Hence, there is a continuous need for vehicle maintenance with cleaners and degreasers. North America is estimated to be the leading market for cleaner & degreaser aftermarket. The market growth in North America can be attributed to the increased sales of passenger cars and light commercial vehicles in the region. The largest market share of North America in the global cleaner & degreaser aftermarket can also be attributed to the high awareness of such products. The North American region also leads the OES repair services aftermarket, as people prefer cleaning and maintaining the vehicles without compromising on quality and repair cost. In the US, the average age of a vehicle has grown from 10.5 years in 2010 to 11.6 years in 2016, which has accelerated the need to service vehicles with cleaner & degreaser products. In addition, the region is home to many manufacturers and suppliers of cleaners & degreasers such as Dow Chemical, 3M, and WD-40. The key manufacturers and suppliers profiled in the report include BASF (Germany), 3M (US), WD-40 (US), Dow Chemical (US), FUCHS (Germany), Wurth (Germany), Zep (US), Penray (US), Radiator (US), and ABRO (US). About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Rohan MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062
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