Global Washer Fluid Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Washer Fluid Market By Type & Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the washer fluid market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North American region is expected to dominate the washer fluid market, in terms of value, and is expected to maintain this trend throughout the forecast period.
Washer fluid is a fluid used for motor vehicles in cleaning the windshield with windshield wipers while the vehicle is in ignition mode or while driving. It mainly helps in removing dirt and dust particles as well as snow by spraying the fluid on windshield and improves visibility. This fluid is a mixture of contaminated alcohol, special detergents, lubricating & fragrance agents and colorants. It is available in crystal form which diluted with distilled water. An electrical pump via jets mounted either beneath the windshield or beneath the wiper blade which spray washer fluid onto the windshield through controller inside the vehicle. Some vehicles have same method installed on the rear windshield or beneath the headlights.
The consecutive growth if automobile industry is expected to drive the demand for washer fluid market. Moreover, increasing awareness about vehicle maintenance particularly windshield is expected to be another driving factor for this market.
However, small amount of ingredients of this fluid if ingested by human or animals may cause intoxication, vomiting and staggering and large amount may cause coma and blindness which could be the restrain for washer fluid market. In addition, stringent regulations on the use of washer fluids hinder the market growth.
North American region is expected to lead the highest market share in washer fluid market across the globe on account of less interest rates, employment base, and low gas prices which lead to growth in automotive industry. As government of China announces reduction in tax rates for small vehicles, use of passenger vehicles is increasing helps to accelerate washer fluid market growth in China as well as APAC region.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in global washer fluid market and what are their strategies? • Which vertical industry is expected to show major growth? • What segment and region will lead the market and why?
The major companies profiled in the report include: 3M, Soft 99 Corporation, Prestone, Turtle Wax, Tetrosyl Limited, Camco Manufacturing, ITW Global, SPLASH Products Recochem Inc, Japan Chemical Industries, and Sonax.
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