LONDON, March 5, 2019 /PRNewswire/ --
Global Car Wax Market 2019-2023
The following companies are the key players in the global car wax market: 3M, Henkel AG & Co. KGaA, Malco Products, Inc, Mothers, SONAX GmbH, Turtle Wax.
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Commenting on the report, an analyst said: "The latest trend gaining momentum in the market is the increase in the number of HNWIs, the luxury vehicle market will see a significant growth rate, and in turn, spur the growth of the luxury-grade car wax segment."
According to the report, one of the major drivers for this market is the increasing preference for car waxing in recent years, which will drive the growth of the market.
Further, the report states that one of the major factors hindering the growth of this market is the increased preference for public transport will lead to a decline in personal vehicle use and have a negative impact on the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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