Automotive Chemicals Market is predicted to reach USD 3.84 billion at a CAGR of 6.60% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Automotive Chemicals Market”.

The Automotive Chemicals market is estimated to register a CAGR of 6.60% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Automotive Chemicals market— ExxonMobil Corporation, Chevron Corporation, Royal Dutch Shell plc, TotalEnergies, BASF SE, FUCHS Group, The Dow Chemical Company, BP plc, Idemitsu Kosan Co., Ltd., Sinopec Corporation and Others.

Market Highlights

The global Automotive Chemicals market is accounted to register a CAGR of 6.60% during the forecast period and is estimated to reach USD 3.84 billion by 2032.

The automotive chemicals market is experiencing growth due to several factors. Firstly, increased vehicle ownership and miles driven globally have boosted demand for maintenance and repair products. Secondly, stringent environmental regulations have necessitated the use of eco-friendly chemicals in automotive applications. Additionally, technological advancements in chemical formulations have improved product effectiveness and longevity, driving further adoption. Moreover, rising consumer awareness about vehicle maintenance and the importance of using high-quality chemicals also contribute to market expansion.

Browse In-depth Detailed Research Report [Table of Content, List of Figures, List of Tables] of Automotive Chemicals Market Report

Segment Analysis

The global Automotive Chemicals market has been segmented based on Product Type and Application.

On the basis of Product Type, the market is segmented into Material Plastics, Lubricants, Coatings, Adhesives, and Maintenance Chemicals. The material plastics product type secured the largest market share in the Automotive Chemicals Market in 2023 due to its widespread use in vehicle components such as interior trims, bumpers, and under-the-hood parts. Additionally, advancements in plastic materials have enhanced durability, lightweight properties, and design flexibility, further driving their adoption in automotive applications.

Based on Application, the global Automotive Chemicals market has been segmented into Two-Wheelers, Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. The two-wheeler application segment dominated the Automotive Chemicals Market in 2023 primarily due to the significant rise in the production and sales of motorcycles, scooters, and bicycles worldwide. These vehicles require a range of chemicals for maintenance, including lubricants, coolants, and cleaning agents, driving the demand for automotive chemicals in this segment.

Regional Analysis

The global Automotive Chemicals market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Automotive Chemicals market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Automotive Chemicals market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Automotive Chemicals market comprises the Middle East, Africa, and Latin America.

North America holds the largest share of the Automotive Chemicals Market due to its robust automotive industry, high vehicle ownership rates, and stringent environmental regulations. The region's strong manufacturing base and technological advancements contribute to the development of innovative chemical solutions. Additionally, a well-established distribution network and consumer awareness about vehicle maintenance further bolster market dominance in North America.

Europe secured the second-largest market share in the Automotive Chemicals Market due to its significant automotive manufacturing presence and strict environmental regulations driving demand for eco-friendly chemicals. The region's emphasis on vehicle safety and performance also boosts the adoption of high-quality automotive chemicals. Moreover, a mature aftermarket industry and increasing vehicle parc contribute to the substantial market share held by Europe.

Asia Pacific is experiencing the highest compound annual growth rate (CAGR) in the Automotive Chemicals Market due to several factors. These include rapid industrialization, urbanization, and a surge in vehicle production and sales. Additionally, increasing disposable incomes, expanding automotive aftermarket services, and a growing focus on vehicle maintenance and longevity are driving the demand for automotive chemicals in the region.

Furthermore, the rest of the world's Automotive Chemicals market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the Automotive Chemicals market due to expanding automotive industries in regions such as Latin America, the Middle East, and Africa. Rising vehicle ownership, infrastructural developments, and increasing consumer awareness about vehicle maintenance contribute to market expansion in these regions.

Key Findings of the Study

• The global Automotive Chemicals market is expected to reach USD 3.84 billion by 2032, at a CAGR of 6.60% during the forecast period.


• The Asia Pacific region is experiencing the fastest growth in the Automotive Chemicals market due to rapid industrialization, urbanization, increasing vehicle production, rising disposable incomes, and a growing focus on vehicle maintenance.


• Based on Application, the Two-Wheelers segment was attributed to holding the largest market in 2023.


• ExxonMobil Corporation, Chevron Corporation, Royal Dutch Shell plc, TotalEnergies, BASF SE, FUCHS Group, The Dow Chemical Company, BP plc, Idemitsu Kosan Co., Ltd., Sinopec Corporation, and Others.