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| Global Car Scratch Remover Market Growth |
Car scratch remover products are used to repair light to medium scratches on
automotive body surfaces such as paint, plastic, glass and aluminum. They help
remove superficial scratches without causing further damage to the body
surface. The increasing demand for automotive repair and maintenance is driving
the growth of the global car scratch remover market.
The global
car scratch remover market is estimated to be valued at US$ 19.14 Bn 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 key trends:
The increasing demand for automotive repair and maintenance is one of the key
drivers of the car scratch remover market. Rising vehicle ownership and average
age of vehicles on road have led to greater wear and tear of automotive body
surfaces inevitably causing scratches. Additionally, the trend of personalizing
vehicles with metallic finishes or vivid paints is also fueling the need for
effective scratch removal products. Nanotechnology based compounds are gaining
popularity in car scratch removers as they can repair scratches at microscopic
level for improved finish matching. Manufacturers are focusing on developing
eco-friendly and non-toxic compounds which do not pose risk of further paint
damage.
Segment
Analysis
The global car scratch remover market is dominated by the paste/cream segment.
This segment holds around 60% of the total market share owing to the easy
application and better effectiveness of paste/cream based products in removing
light scratches from car surfaces. Paste/cream based removers offer excellent
abrasiveness that helps scrub off minor scratches without causing harm to the
original paint of the vehicle.
Key Takeaways
Global
Car Scratch Remover Market Growth is expected to witness high growth over the
forecast period of 2023 to 2030 at a CAGR of 6.7%. The market size is projected
to reach US$ 19.14 Bn by 2023 from US$ 15.32 Bn in 2022.
Regional analysis: The North American region currently dominates the car
scratch remover market owing to rising car ownership and increasing disposable
incomes in the US and Canada. High average autos per household and growing auto
repair and maintenance industry in the region drives the market growth. The
region is expected to maintain its leading position during the forecast period.
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, Integra Packaging. These players focus on new
product development and launches to strengthen their market presence. For
instance, GrainPro introduced its Scratch2Go pens and pads specifically
designed to easily remove light scratches from car surfaces.
Explore More
Related Article On This Topic:
https://www.pressreleasebulletin.com/car-scratch-remover-market-growth/
https://shoutingstars.com/automotive-embedded-systems-future-of-in-vehicle-technology