Global Automotive Windshield Washer Fluids Market growing at a CAGR of 3.3% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Aug 2023
Key Market Overview
Consegic Business Intelligence analyzes that the automotive windshield washer fluids market is predicted to grow at a compound annual growth rate of 3.3% from 2023 to 2030 and is expected to reach USD 2,951.15 million in 2030 which was valued at USD 2,280.00 million in 2022.
The report highlights the increasing concerns among the consumer regarding vehicle maintenance, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the automotive windshield washer fluids market.
Global Automotive Windshield Washer Fluids Market By Overview
The automotive windshield washer fluids market is bifurcated into type, vehicle type, and end user. Based on type the market is segmented into water repellent, bug repellent, de-ice, and others. In 2022, the de-ice segment dominate the overall automotive windshield washer fluids market. The vehicle segment is categorized into commercial vehicles and passenger vehicles. In 2022, the passenger car segment accounted for the highest market share in the automotive windshield washer fluids market. Based on end user the market is segmented into OEM and aftermarket. In 2022, the aftermarket segment dominates the overall automotive windshield washer fluids market.
Get Free SampleMarket Dynamics
Driver:
- Increasing concerns among the consumer regarding vehicle maintenance
- Increasing need for clear vision during driving due to various environmental factors
Restraints:
- High cost of windshield washer fluid products
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Water Repellent, Bug Repellent, De-ice, Others |
| By Vehicle Type | Commercial Vehicles and Passenger Vehicles |
| By End User | OEM and Aftermarket |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as ITW Global Brands, Sonax GmbH, Total, and Recohem Inc. which has a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and others. Furthermore, the automotive windshield washer fluids market is expected to witness substantial growth in the coming years due to the significant growth in the automotive industry globally.
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.
- 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.