The Global Market for Automotive Aftermarket Appearance Chemicals is Projected to Reach US$5.1 Billion by 2022
Rising Average Age of Vehicle Fleet & a Parallel Increase in Maintenance Expenditure to Drive Demand for Automotive Aftermarket Appearance Chemicals, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Automotive Aftermarket Appearance Chemicals market. The global market for Automotive Aftermarket Appearance Chemicals is projected to reach US$5.1 billion by 2022 , driven by rising average age of vehicle fleet, a parallel increase in maintenance expenditure, and undeterred customer focus on aesthetic appearance. The large global base of vehicle fleet is expected to benefit demand for automotive aftermarket appearance chemicals. The growth in the world's vehicle fleet can be put into perspective by the fact that the transportation industry currently accounts for over 50% of the world’s oil consumption, most of which is consume...