Car Scratch Remover Market Growth Accelerated by Increasing Demand for Car Scratch Repair

Global Car Scratch Remover Market Growth
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

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