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Description
Automotive Part Cleaners & Degreasers Market size was valued at USD 48.3 billion in 2021 and growing at a CAGR of 2.4% from forecast period 2022 to 2028. The global market provides a detailed overview of the global automotive part cleaners’ degreasers market, and that can be segmented by product type, by type, and by end user type. By product type, the global automotive part cleaners’ degreasers market has been segmented into Brake Cleaner, Engine Flush Cleaner, Carburetor Cleaner, Catalytic Converter Cleaner, Engine Degreaser, Transmission Degreaser, Exhaust Parts Degreasers, and Others. The Brake Cleaner segment is likely to be the largest and fastest-growing segment in terms of product type in 2021 and is expected to maintain the growth in the upcoming years. This is mainly attributed to their efficiency in enhancing brake performance by eliminating brake fluid and increasing the durability of brakes. Based on type, the global automotive part cleaners’ degreasers market is segmented into Water Based and Solvent Based. Among these, the Water Based segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to precision business insights. Water based segment is growing due to severe environmental regulations adopted by governments to control pollution. These products remove an extensive range of impurities and ensure a chemical-free substrate for subsequent processes. Based on end user type, the global automotive part cleaners’ degreasers market is segmented into Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, and Two-Wheeler. The Passenger Car segment accounts for the largest share in 2021. Commercial Vehicle segment is also growing at a faster rate in 2021 and is expected to maintain the growth in the forecasted years. The rising demand for high performance & low emission engine as well as increasing need for operations such as servicing & maintenance up surges the growth of market.
Key Development:
In Sept 2020, CRC launched automotive parts cleaner & degreaser pro series.
