Car brake cleaners market Size, Share, Growth, and Industry Analysis, By Grade (Water-Based and Solvent-Based), By Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Two Wheelers), and Regional Forecast to 2027

Updated On: 29 April 2024

Report Overview

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The global car brake cleaners market size was USD 2214.76 million in 2021. As per our research, the market is expected to reach USD 3237.12 million by 2027, exhibiting a CAGR of 6.53% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the car brake cleaners market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Car brake cleaners are specialized cleaning agents designed to remove oil, grease, brake fluid, and other contaminants from brake components. They are typically available in aerosol cans, equipped with a nozzle to direct the spray precisely where it is needed. The powerful chemical formula of brake cleaner rapidly dissolves brake residue, leaving behind no residue or harmful deposits.

Brake cleaners are essential for maintaining the proper functioning of brake systems. Over time, brake components can accumulate dirt, grime, and other contaminants that can reduce their effectiveness and lead to premature wear and tear. Regular cleaning of brake components with brake cleaner can help to remove these contaminants and extend the life of the brake system.

COVID-19 Impact: Pandemic Decreased the Market Demand due to Recession

The COVID-19 pandemic has had a significant impact on the car brake cleaners market share. The pandemic led to a global recession, which resulted in a decline in consumer spending. This decline in spending had a negative impact on the automotive industry, as people were less likely to purchase new vehicles. As a result, vehicle sales and production declined worldwide. This decline in vehicle sales and production led to a reduction in the demand for them. The pandemic disrupted supply chains all over the world. This made it difficult for car brake cleaner manufacturers to obtain raw materials, such as solvents and cleaning agents. This disruption in supply chains led to shortages in some markets. The pandemic also increased the costs of producing and transporting them. This was due to factors such as increased labour costs, higher transportation costs, and rising prices for raw materials. As a result of these increased costs, then became more expensive for consumers.

Latest Trends

"Growing Awareness of Road Safety to Fuel the Growth in the Market"

There is a growing awareness of the importance of road safety, which is leading to increased demand for them. As the world's population grows, traffic congestion is becoming more and more of a problem. This increased traffic congestion is leading to more accidents and more injuries. The cost of road accidents is rising. This is due to a number of factors, such as the increasing cost of healthcare and the increasing cost of vehicles. Governments and non-profit organizations are running more and more road safety campaigns. These campaigns are raising awareness of the dangers of road accidents and the importance of safe driving practices. The growing awareness of road safety is leading to increased demand for them. This is because they are essential for maintaining the braking performance of vehicles. Well-maintained brakes can help to reduce the risk of accidents and injuries.

Segmentation

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• By Grade Analysis

According to type, the market can be segmented into Water-Based and Solvent-Based.   

• By Application Analysis

Based on age, the market can be divided into Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Two Wheelers.

Driving Factors

"Increasing Vehicle Ownership to Foster the Market Growth"

As incomes rise, people are more likely to be able to afford to purchase vehicles. The world's population is becoming increasingly urbanized. This is leading to more people needing to commute to work and school, which is driving up the demand for vehicles. The global middle class is expanding. This is creating a new class of consumers who are more likely to be able to afford to purchase vehicles. The increasing vehicle ownership is driving up the demand for car brake cleaners. This is because car brake cleaners are essential for maintaining the braking performance of vehicles. Well-maintained brakes can help to reduce the risk of accidents and injuries.

"Rising Demand for High-Performance Brake Systems to Result in the Expansion of the Market"

High-performance vehicles, such as sports cars and luxury cars, are becoming increasingly popular. These vehicles require high-performance brake systems in order to provide the necessary stopping power. Technological advancements in the automotive industry have led to the development of new and improved high-performance brake systems. These brake systems offer better braking performance, longer service life, and less maintenance. The growing awareness of road safety is leading to more people choosing to purchase high-performance brake systems. This is because high-performance brake systems can help to reduce the risk of accidents and injuries. High-performance brake systems require more frequent cleaning and maintenance than standard brake systems. This is because high-performance brake systems operate at higher temperatures and are subjected to more wear and tear. Car brake cleaners are essential for maintaining the cleanliness and performance of high-performance brake systems.

Restraining Factor

"Rising Fuel Costs to Hamper the Market Growth"

Rising fuel costs can lead to consumers driving less, which can reduce the need for car brake cleaners. This is because consumers are more likely to choose to drive less when fuel costs are high. This is because driving less is a way to save money on fuel. When consumers drive less, they put less wear and tear on their vehicles. This includes their brakes. This means that they may not need to clean or maintain their brakes as often, which can reduce the demand for car brake cleaners.

Regional Insights

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"Asia Pacific to Lead the Market Owing to Growing Vehicle Fleet"

The Asia Pacific region has shown the highest car brake cleaners market growth. The vehicle fleet in the Asia Pacific region is growing rapidly. This is increasing the demand for car brake cleaners in the region. Poor road conditions: Many roads in the Asia Pacific region are in poor condition. This leads to more wear and tear on car brakes, which increases the demand for car brake cleaners.

Key Industry Players

"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Growth of the Market"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• Valvoline Inc. (U.S.)
• CRC Canada Co. (Canada)
• BASF (Germany)
• Wurth USA (U.S.)
• Engen Petroleum Ltd. (South Africa)

Report Coverage

This report examines an understanding of the car brake cleaners market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.