- Summary
- Table Of Content
- Methodology
Automotive Windshield Washer Fluids Market Introduction :
Consegic Business Intelligence analyzes that the automotive windshield washer fluids market is growing with a healthy CAGR of 3.3% during the forecast period (2023-2030), and the market is projected to be valued at USD 2,951.15 Million by 2030 from USD 2,280.00 Million in 2022.
Automotive Windshield Washer Fluids Market Definition & Overview:
Automotive windshield washer fluids which is also known as screen fluid, wiper fluid, or windshield wiper fluid. It is a type of chemical solution that is used in motor vehicles for cleaning vehicle windshields. The automotive windshield can experience an accumulation of dust, snow, mud, and other unwanted elements that need to be removed to maintain a clear vision of the road. windshield washer fluid also acts as a lubricant for the pump and hoses and protects them from drying out and corrosion.
These properties of automotive windshield washer fluids ensure superior protection from various vision disrupting materials during driving. Different types of automotive windshield washer fluids are available, which include water repellant windshield washer fluid, bug repellent windshield washer fluid, and wde-ice windshield washer fluid, among others. These different types of washer fluids are used for different applications for different types of requirements based on the conditions.
Automotive Windshield Washer Fluids Market Insights :
Automotive Windshield Washer Fluids Market Dynamics - (DRO) :
Key Drivers :
Increasing concerns among the consumer regarding vehicle maintenance are benefiting the market growth
Automotive windshield washer fluids are getting popular among vehicle owners, owing to their various benefits and effectiveness on the windshields. A windshield is one of the major parts of the vehicle. Using dry wiper blades causes damage to the windshield such as scratches, blurred vision, and even cracks. Damage on the windshield cannot be cured easily. The total replacement of the windshield can be very expensive. To avoid such consequences vehicle owners actively spend on vehicle maintenance such as purchasing windshield washer fluids, changing oils, doing regular car checkups and maintenance, and others. This increasing concern among the vehicle owners globally along with increasing spending on vehicle maintenance is driving the market for global automotive windshield washer fluids market. For instance, according to the report by the Bureau of Economic Analysis in September 2022, the average spending of motor vehicle maintenance and repair accounted for USD 183.4 billion in 2020 which increased to USD 195.1 billion in 2021. Hence, the significant growth in consumer spending on motor vehicle maintenance and repair is accelerating the demand for automotive windshield washer fluids for cleaning windshields. This, in turn, is driving the growth of the market.
Increasing need for clear vision during driving due to various environmental factors is boosting the growth of the market
Various environmental factors are responsible for creating vision blocking and leading to the accumulation of various types of dirt on the car windshield. These dirty vehicle windshields can lead to safety issues as they can block visibility and cause glare while driving. Such factors on the automotive windshield can lead to accidents and crashes. Due to this, it is very important to clean the windshield. Several environmental elements can lead to poor visibility through the windshield such as dust storms, bugs, snow, fog, rain, tree sap, road grime, bird droppings, and others. Thus, the increasing frequency of storm and dust storms worldwide is also driving the global Automotive windshield washer fluids market. For instance, according to the report by the Down to Earth Organization in July 2023, the frequency and severity of sandstorms across various countries globally increased rapidly, with Iraq experiencing 10 sand storms in 2020. Hence, the increasing environmental concerns causing windshield poor vision is accelerating the demand for automotive windshield washer fluids. This, in turn, is driving the growth of the market.
Key Restraints :
High cost of windshield washer fluid products are restraining the market growth
Automotive windshield washer fluids are manufactured by using various chemicals, additives, and special ingredients which contribute to a major part of the total cost of the end product. The additives and chemicals used for the manufacturing of automotive windshield washer fluids are high. Additionally, manufacturers of automotive windshield washer fluids spend a huge amount on packaging and product marketing activities, which also contribute to the overall cost of the product. Furthermore, manufacturers must adhere to stringent quality standards and safety regulations to produce a product that meets industry standards. Companies are required to spend huge amounts of money on research and development activities which further results in the cost of end products. Thus, all above mentioned factors contribute to the increased end product cost of automotive windshield washer fluids due to which consumers look for cheaper and alternative products which is a key factor restraining the market growth.
Future Opportunities :
Significant growth in automotive industry will favor the market growth
Automotive windshield washer fluids is an ideal solution for the automotive industry to ensure the cleaning and lubricating of the automotive windshield. The growth of the automotive industry at the global level is attributed due to factors such as increased consumer demand. The significant growth of the automotive industry across the globe is expected to provide lucrative growth opportunities for the global automotive windshield washer fluids market. For instance, according to the report by the European Automobile Manufacturers Association, the global sale of new commercial vehicles in 2023, including vans, trucks, and buses increased from 11.2%, 20%, and 15% from the previous year 2022.
Hence, the increasing sale of automobiles at the global level is spurring the demand for automotive windshield washer fluids as it is utilized in automotive applications. This prominent factor is supplementing the automotive windshield washer fluids market.
Automotive Windshield Washer Fluids Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 2,951.15 Million |
| CAGR (2023-2030) | 3.3% |
| By Type | Water Repellent, Bug Repellent, De-ice, Others (All-season Wiper Fluid, etc.) |
| By Vehicle Type | Commercial Vehicles and Passenger Vehicles |
| By End User | OEM and Aftermarket |
| By Region | North America, Europe, Asia-Pacific, Latin America, Middle East & Africa |
| Key Players | Guangzhou Botny Chemical Co., Ltd., ITW Global Brands, Sonax GmbH, Total, Recohem Inc., Soft99 Corporation, Prestone Products Corporation, SolvChem Custom Packaging Division, Jangra Chemicals Private Limited, Elliott Auto Supply Co., Inc. |
Automotive Windshield Washer Fluids Market Segmental Analysis :
Based on the Type :
The type segment is categorized into water repellent, bug repellent, de-ice, and others. In 2022, the de-ice segment accounted for the highest market share of 36.85% in the overall automotive windshield washer fluids market. The de-ice automotive windshield washer fluids are utilized for treating automotive windshields in very cold areas. These windshield washer fluids are formulated to endure cold temperatures, which leads to freezing on automotive windshields and wipers. Removal of this ice from the windshield becomes very important in the winter season as it creates vision problems during the season. Normally ice scrapers are used on the vehicles to clear the ice from the vehicles which could lead to cracks, scratches, chips, and breakage of automotive glass. De-ice automotive windshield washer fluids is used to remove the ice from the windshield and clear the vision. Thus, due to the above beneficial properties, the deployment of de-ice automotive windshield washer fluids is increasing across the colder areas, which, in turn, is benefiting the market growth.
However, the bug repellant segment is expected to be the fastest-growing segment during the forecast period. This is due to the increasing problems of bugs on the windshield and difficulties of cleaning the residue or dirt with normal fluid.
Based on the Vehicle Type :
The vehicle type segment is categorized into commercial vehicles and passenger vehicles. In 2022, the passenger vehicles segment accounted for the highest market share in the automotive windshield washer fluids market and holds the highest CAGR over the forecast period. Automotive windshield washer fluids is employed in various vehicles to ensure clear vision and overall protection of the windshield. The significant growth in the sale of passenger cars is driving the segment growth globally. For instance, according to the report by the European Automobile Manufacturers Association in May 2023, the Europe region accounted for a 19.5% increase in the total annual sale of passenger cars in 2022. The new registrations for passenger cars increased by 17.8% from the previous year. Thus, the significant growth in the passenger cars segment is driving the segment worldwide.
Based on the End-User :
The end user segment is categorized into OEM and aftermarket. In 2022, the aftermarket segment accounted for the highest market share in the overall automotive windshield washer fluids market and also holds the highest CAGR over the forecast period. Automotive aftermarket refers to the market which is involved in providing spare parts, automotive components, accessories, and other equipment for servicing, repair, and maintenance of automobiles. These aftermarket marketplaces provide a path for the distribution of services that support improving the usage of automotive products and their applications. The significant growth in the global automotive aftermarket revenue globally is driving the segment growth over the forecast period. For instance, according to the report by The Automotive Component Manufacturers Association of India, the total revenue from the automotive aftermarket globally accounted for USD 421.9 billion in 2019 which was USD 405.70 billion in 2018. Thus, the significant growth in the automotive aftermarket worldwide is benefiting the market growth.
Based on the Region :
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2022, Asia Pacific accounted for the highest market share at 37.11% and was valued at USD 846.11 million, and is expected to reach USD 1,102.55 million in 2030. In Asia Pacific, China accounted for the highest market share of 22.25% during the base year of 2022. This is due to the significant growth in the automotive sector across the region, the presence of major automotive vehicle manufacturers, and increasing government initiatives for the development of the automotive sector across the region. The Asia Pacific region has some of the largest automotive manufacturers such as Toyota, Hyundai, Honda, Tata, Kia, and others. This high presence contributes to the heavy demand for automotive windshield washer fluid across the region. Furthermore, increasing sales of vehicles across the region is also contributing to the market growth across the Asia Pacific region. For instance, according to the report by International Trade Administration in April 2023, the total sale of vehicles across China accounted for 26 million units in 2021, among which 21.48 were passenger vehicles and 4.79 million commercial vehicles with a total increase in sales of 13.7% from 2020.
Furthermore, Europe is expected to witness significant growth over the forecast period, growing at a CAGR of 3.8% during 2023-20230. This is due to the increasing government initiatives for the adoption of low pollution causing vehicles in the region.
Top Key Players & Market Share Insights:
The automotive windshield washer fluids market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include -
- Guangzhou Botny Chemical Co., Ltd.
- ITW Global Brands
- SolvChem Custom Packaging Division
- Jangra Chemicals Private Limited
- Elliott Auto Supply Co., Inc.
- Sonax GmbH
- Total
- Recohem Inc.
- Soft99 Corporation
- Prestone Products Corporation
Recent Industry Developments :
- In September 2019, O'zAuto-Austem announced the production of new windshield washer fluid. The new product is designed to avoid windshield freezing, washing glasses, office equipment, and mirrors.
- In August 2020, GELENA CHIMAVTO, a manufacturer of cooling liquid announced the launch of a new windshield washer fluid. The new windshield washer fluid is used for an integrated water wash.
- In December 2022, Recochem, a manufacturer and distributor of automotive aftermarket and fluid, announced the acquisition of Torque Details for the expansion of their windshield washer fluid product portfolio.
Key Questions Answered in the Report
What was the market size of the automotive windshield washer fluids industry in 2022? +
In 2022, the market size of automotive windshield washer fluids was USD 2,280.00 million.
What will be the potential market valuation for the automotive windshield washer fluids industry by 2030? +
In 2030, the market size of automotive windshield washer fluids will be expected to reach USD 2,951.15 million.
What are the key factors driving the growth of the automotive windshield washer fluids market? +
Increasing concerns among the consumer regarding vehicle maintenance are benefiting the market growth.
What is the dominating segment in the automotive windshield washer fluids market by type? +
In 2022, the de-ice segment accounted for the highest market share of 36.85% in the overall automotive windshield washer fluids market.
Based on current market trends and future predictions, which geographical region is the dominating region in the automotive windshield washer fluids market? +
Asia Pacific accounted for the highest market share in the overall automotive windshield washer fluids market.
