by Car scratch removers are products used for removing fine scratches and swirl marks from vehicle surfaces such as clear coat paints, finished aluminum, plastic, and fiberglass. Car scratch removers restore the gloss and shine of the vehicle’s exterior without harming the paint or clear coat. They are available in the form of creams, pastes, liquids, and electric buffers. Rising automotive production is one of the key factors fueling the growth of the global car scratch remover market. According to OICA, total passenger car production increased from around 59 million units in 2015 to almost 70 million units in 2020. This rise in vehicle production has simultaneously increased the demand for car care and maintenance products including car scratch removers.
The global car scratch remover market is estimated to be valued at US$ 19.14 billion in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The rising automotive production is driving the global car scratch remover market. As discussed earlier, increased vehicle production has directly contributed to the growth of the aftermarket for automotive care products. Another major factor fueling the market growth is the adoption of DIY car care practices. With the availability of car scratch removal kits and YouTube tutorials, many vehicle owners nowadays prefer to polish their cars themselves rather than taking them to professional car washes or detailers. This rise in do-it-yourself car cleaning trend is expected to create significant demand for car scratch removers during the forecast period.
Segment Analysis
The car scratch remover market is segmented based on end-user into residential and commercial. The residential segment dominates the market and accounts for around 70% share owing to increasing disposable income and rising ownership of passenger vehicles among individuals.
PEST Analysis
Political: The government regulations regarding usage of volatile organic compounds in car care products influence the market growth. Economic: Rising GDP and increasing vehicle ownership in developing nations support the market expansion. Social: Changing lifestyles and high living standards drive the demand for automotive appearance chemicals. Technological: Advancements in nanotechnology enable development of more effective and safer scratch removal solutions.
Key Takeaways
Global Car Scratch Remover Market Growth is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis:
The Asia Pacific region dominates the market and accounts for over 35% share owing to rapid industrialization, growing automotive aftermarket, and rising vehicle parc in China and India.
Key players:
Key players operating in the car scratch remover market are GrainPro Inc., PackFreshUSA, ShieldPro Flexible Packaging, SorbentSystems, IMPAK Corporation, Green Storage Ltd., LPS Industries LLC, Seal King Europe B.V., TPB Plastech Limited, and Integra Packaging. Key players focus on new product launches and emphasizing sustainable production methods to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
