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South & Central America Car Care Products Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Products (Cleaning Products, Polishing and Waxing Products, Fresheners, and Others), Application (Interior and Exterior), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

March 2023 | 95 pages | ID: SE91C0504547EN
The Insight Partners

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The South & Central America car care products market is expected to grow from US$ 133.48 million in 2022 to US$ 166.98 million by 2028. It is estimated to grow at a CAGR of 3.8% from 2022 to 2028.

Surge in Use of Eco-Friendly Car Care Products will be Driving the South & Central America Car Care Products Market

The growing environmental consciousness among people is increasing the demand for better eco-friendly detailing and biodegradable products. Furthermore, 68% of Gen Z shoppers purchased an eco-friendly product in 2018. Hence, the demand for eco-friendly car care products is also rising. The need for eco-friendly car cleaning products is growing as people are becoming more aware of the consequences of the toxic chemicals that are generally used in the traditional cleaning products. Car care product manufacturers are also developing products that clean, protect, and beautify cars while having minimal impact on the environment. They are increasing their customer base by highlighting the use of their eco-friendly products and equipment. Environmentally friendly car wash soap is made from sustainable materials and is often biodegradable. Further, there is also a high demand for organic car air fresheners over harmful chemical-based air fresheners. Organic car air fresheners contain essential oil, which emits a relaxing and soothing fragrance. Therefore, the surge in the use of eco-friendly car care products is expected to emerge as a key trend in the South & Central America car care products market during the forecast period.

South & Central America Car Care Products Market Overview

According to the International Organization of Motor Vehicle Manufacturers, the motor vehicle production in South America was registered to be 2.72 million units, in 2021. The major factors boosting the sales of passenger vehicles are lower interest rates and increased credit availability. The prime factor driving the market demand is the growth of passenger car sales with reasonable pricing. The region has witnessed rise in demand for used and secondhand cars. For instance, Kavak invested US$ 500 million and opened its auto reconditioning space in Brazil, for purchase and sales of secondhand cars. The company already has 40 logistics center and vehicle reconditioning spaces in Latin America. These developments in used car market is expected to drive the maintenance, reconditioning, and car care sector in the region. The region's automotive industry, which relies mainly on import and export revenue generation, considerably creates lucrative opportunities for car care products. Nevertheless, the automotive industry in South & Central America is highly vulnerable to the instability of social and political policies.

South & Central America Car Care Products Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Car Care Products Market Segmentation

The South & Central America car care products market is segmented into products, application, distribution channel, and country.

Based on products, the South & Central America car care products market is segmented into cleaning products, polishing and waxing products, fresheners, and others. In 2022, the fresheners segment registered a largest share in the South & Central America car care products market.

Based on application, the South & Central America car care products market is bifurcated into interior and exterior. In 2022, the interior segment registered a larger share in the South & Central America car care products market.

Based on distribution channel, the South & Central America car care products market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2022, the specialty stores segment registered a largest share in the South & Central America car care products market.

Based on country, the South & Central America car care products market is segmented into Brazil, Argentina, and the Rest of South & Central America. In 2022, Brazil segment registered a largest share in the South & Central America car care products market.

3M Co; Adolf Wurth GmbH & Co KG; Pidilite Industries Ltd; Shell Plc; SONAX GmbH; Tetrosyl Ltd; and Turtle Wax Inc are the leading companies operating in the South & Central America car care products market.
1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:

4. SAM CAR CARE PRODUCTS MARKET LANDSCAPE

4.1 Market Overview
4.2 PEST Analysis: SAM Car Care Products Market
4.2.1 PEST Analysis: SAM Car Care Products Market
4.3 Expert Opinions

5. SAM CAR CARE PRODUCTS MARKET — KEY MARKET DYNAMICS

5.1 Market Drivers
5.1.1 Recovery in Passenger Car Sales
5.1.2 Growing Consumer Inclination Toward Car Care
5.2 Market Restraint
5.2.1 Rising Preference for Commercial Car Care Services
5.3 Market Opportunity
5.3.1 Strong Growth of E-Commerce Distribution Channel
5.4 Future Trend
5.4.1 Surge in Use of Eco-Friendly Car Care Products
5.5 Impact Analysis

6. CAR CARE PRODUCTS - SAM MARKET ANALYSIS

6.1 SAM Car Care Products Market -Revenue and Forecast to 2028 (US$ Million)

7. SAM CAR CARE PRODUCTS MARKET ANALYSIS - BY PRODUCTS

7.1 Overview
7.2 SAM Car Care Products Market, By Products (2021 and 2028)
7.3 Cleaning Products
7.3.1 Overview
7.3.2 Cleaning Products: SAM Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Polishing and Waxing Products
7.4.1 Overview
7.4.2 Polishing and Waxing Products: SAM Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Fresheners
7.5.1 Overview
7.5.2 Fresheners: SAM Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: SAM Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)

8. SAM CAR CARE PRODUCTS MARKET ANALYSIS - BY APPLICATION

8.1 Overview
8.2 SAM Car Care Products Market, By Application (2021 and 2028)
8.3 Interior
8.3.1 Overview
8.3.2 Interior: SAM Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Exterior
8.4.1 Overview
8.4.2 Exterior: SAM Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)

9. SAM CAR CARE PRODUCTS MARKET ANALYSIS - BY DISTRIBUTION CHANNEL

9.1 Overview
9.2 SAM Car Care Products Market, By Distribution Channel (2021 and 2028)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: SAM Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Specialty Stores
9.4.1 Overview
9.4.2 Specialty Stores: SAM Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: SAM Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: SAM Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)

10. SAM CAR CARE PRODUCTS MARKET - COUNTRY ANALYSIS

10.1 Overview
10.1.1 South & Central America: Car Care Products Market, by Key Country
10.1.1.1 Brazil: Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Car Care Products Market, By Product
10.1.1.1.2 Brazil: Car Care Products Market, by Application
10.1.1.1.3 Brazil: Car Care Products Market, by Distribution Channel
10.1.1.2 Argentina: Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Car Care Products Market, By Product
10.1.1.2.2 Argentina: Car Care Products Market, by Application
10.1.1.2.3 Argentina: Car Care Products Market, by Distribution Channel
10.1.1.3 Rest of South & Central America: Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of South & Central America: Car Care Products Market, By Product
10.1.1.3.2 Rest of South & Central America: Car Care Products Market, by Application
10.1.1.3.3 Rest of South & Central America: Car Care Products Market, by Distribution Channel

11. INDUSTRY LANDSCAPE

11.1 Product launch
11.2 Collaboration

12. COMPANY PROFILES

12.1 3M Co
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Adolf Wurth GmbH & Co KG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 SONAX GmbH
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Shell Plc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Pidilite Industries Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Tetrosyl Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Turtle Wax Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments

13. APPENDIX

13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES

Table 1. SAM Car Care Products Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Car Care Products Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Car Care Products Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Car Care Products Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Car Care Products Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Car Care Products Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Car Care Products Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of South & Central America Car Care Products Market, By Product - Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of South & Central America Car Care Products Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South & Central America Car Care Products Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES

Figure 1. SAM Car Care Products Market Segmentation
Figure 2. SAM Car Care Products Market Segmentation - By Country
Figure 3. SAM Car Care Products Market Overview
Figure 4. The Specialty Stores Segment Held the Largest Market Share in 2021
Figure 5. Brazil Dominated the SAM car care products market in 2021
Figure 6. PEST Analysis: SAM Car Care Products Market
Figure 7. Expert Opinions
Figure 8. SAM Car Care Products Market Impact Analysis of Drivers and Restraints
Figure 9. SAM Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. SAM Car Care Products Market Revenue Share, By Products (2021 and 2028)
Figure 11. Cleaning Products: SAM Car Care Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 12. Polishing and Waxing Products: SAM Car Care Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 13. Fresheners: SAM Car Care Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 14. Others: SAM Car Care Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. SAM Car Care Products Market Revenue Share, By Application (2021 and 2028)
Figure 16. Interior: SAM Car Care Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. Exterior: SAM Car Care Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 18. SAM Car Care Products Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 19. Supermarkets and Hypermarkets: SAM Car Care Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 20. Specialty Stores: SAM Car Care Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 21. Online Retail: SAM Car Care Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 22. Others: SAM Car Care Products Market - Revenue and Forecast To 2028 (US$ Million)
Figure 23. South & Central America: Car Care Products Market, by Key Country - Revenue (2021) (US$ Million)
Figure 24. South & Central America: Car Care Products Market Revenue Share, by Key Country (2021 and 2028)
Figure 25. Brazil: Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Argentina: Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of South & Central America: Car Care Products Market - Revenue and Forecast to 2028 (US$ Million)


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