Heated Wiper Fluid Market Report
Heated Wiper Fluid Market Trends, Dynamics & Market Insights See less
Heated Wiper Fluid Market Trends, Dynamics & Market Insights
Heated Wiper Fluid Market, By Type (De-Bug Washer Fluid, DE-ICER Washer Fluid, All-season Washer Fluid), By VOC Type (Premixed (Upto 1% VOC content), Dilutable/Concentrated (Upto 25% VOC content)), and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global heated wiper fluid market. The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026.
The Heated Wiper Fluid market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of around xx% during the forecast period.
Heated wiper fluid, also referred to as windshield cleaner is primarily used in four-wheeler vehicles as a cleaning agent in order to enhance the visibility of the windscreen. This fluid is employed to remove tree sap, bugs, guards against refreezing, bird droppings & road grime, melt light frost & ice, which can cause dangerous, unexpected glare.
Key players operating in the heated wiper fluid market are-
The rising vehicular traffic of light motor vehicles, specifically SUVs as well as heavy commercial vehicle segments with a tendency to spend on vehicle care and maintenance is a major factor driving the product demand. Also, the demand for heated wiper fluid in extreme climatic conditions, as well as tropical climate zone, is another factor propelling the product sales. However, heated wiper fluid contains methanol, poisonous alcohol which is a volatile organic compound, thus hampering the industry growth.
By type, the heated wiper fluid market has been classified into de-bug washer fluid, de-icer washer fluid, and all-season washer fluid. Under these, the de-icer washer fluid segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. This solution has high methanol content, along with ethylene glycol to prevent dangerous re-freeze. The De-Icer leaves a durable, hydrophobic shield on the glass, thus helping to prevent road spray from sticking, thus augmenting the segment growth.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. This is mainly ascribed to rising sales of passenger cars in the US and Canada. Moreover, surging demand for high-end and luxury vehicles due to increasing standards of living and rising disposable income. In addition, the large presence of product manufacturers further proliferates regional market growth.
The COVID-19 outbreak negatively affected the heated wiper fluid market growth owing to stringent lockdown measures and restricted movement of people. This resulted in people stuck in their homes with less mobility of vehicles on the road and a ban on interstate transportation, further affecting the product demand amid the pandemic.
Here is the list of the group of customers that the heated wiper fluid market hopes to have the greatest opportunity to convert-
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SPLASH Products Inc. (US), ITW Global Brands, Gotham Industries Inc. (Canada), Recochem Inc. (Canada), Hall-Chem Manufacturing Inc. (Canada), Lubri Delta Inc. (US), Nemco Lubricants (Canada), The Berkebile Oil Company, Inc (US), Camco Manufacturing, Inc. (US), and Prestone Products Corporation (US) are among the key players in the heated wiper fluid market.
The rising vehicular traffic of light motor vehicles, specifically SUVs as well as heavy commercial vehicle segments with a tendency to spend on vehicle care and maintenance is the major factor driving the growth of heated wiper fluid market.
The de-icer washer fluid segment is expected to register a significant CAGR in the heated wiper fluid market in the coming years.
North America accounted for the largest share in the heated wiper fluid market in 2020.
Heated Wiper Fluid distributors, Heated Wiper Fluid suppliers, Heated Wiper Fluid manufacturers, Logistics organizations, Government bodies are the target audience in the heated wiper fluid market.
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