Aerosol Paints Market Overview
Key driving factors for the global aerosol paints market include increasing number of immigrants, growing population, and rising number of nuclear families, which increase the need for residential buildings, which further creates the demand for paints, globally. Furthermore, increasing average age of vehicles is another factor paving way for this industry.
The aerosol paints market is categorized into solvent-borne, water-borne, and others, based on technology. Among these, the water-borne category is projected to record the fastest growth throughout the forecast period (2021–2030). This can be primarily attributed to the high-volume adoption of sustainable paints that do not emit toxic compounds during their application and drying or lead to a strong smell. These paints are highly efficient and safer to use. These factors of the water-borne technology are likely to push the market during the foreseen years.
The aerosol paints market is classified into construction, automotive, wood and furniture, DIY, and others, on the basis of end-use industry. Among these, the construction category is expected to hold significant market share in coming years. This can be ascribed to the high-volume usage of these paints in protecting and decorating new and existing residential, commercial, institutional, and industrial structures.
The Asia-Pacific (APAC) aerosol paints market is expected to witness the fastest growth during forecast period. In the region, China and India are the major markets, which are growing at significant pace in coming years. This can be attributed to the continued urbanization and growth in demand for refurbishing and remodeling activities in the region, owing to the rising population.
Aerosol Paints Market Dynamics
Drivers
Expanding population, increasing disposable income, and rising purchasing power push the global construction sector. The real estate constructions, such as offices, retails, hotels, residential buildings, and leisure parks, are increasing across the globe. Hence, the growing construction sector and increasing infrastructural investments are propelling the demand for aerosol paints. In addition, cost benefits and aesthetic quality associated with aerosol paints are paving the way for end users to use these paints in architectural applications.
Restraints
Stringent norms related to the emissions of volatile organic compounds (VOCs) from aerosol paints may hinder the overall aerosol paints market growth. These aerosol paints emit VOCs when cured, which may pose a threat to human life, as these lead to increase ground-level ozone. The ozone thus formed react with sunlight to emit VOCs and nitrogen oxides, which are toxic in nature. Hence, for these, manufacturers are required to state the aerosol coating category code and corresponding reactivity limit on product labels, which are likely to impact the demand for aerosol paints, which, in turn, restrains the market growth during the forecast period.
Aerosol Paints Market Competitive Landscape
Some of the major companies operating in the global aerosol paints market include Krylon Products Group, PPG Asian Paints Pvt. Ltd., Rust-Oleum, Nippon Paint Holdings Co. Ltd., and Valspar Corporation.
The study provides the historical as well the forecast size for the aerosol paints market.
Aerosol Paints Market Size Breakdown by Segments
The global aerosol paints market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Resin
- Acrylic
- Epoxy
- Polyurethane
- Alkyd
Based on Technology
- Solvent-Borne
- Water-Borne
Based on End-Use Industry
- Construction
- Automotive
- Wood and Furniture
- Do-It-Yourself (DIY)
Geographical Analysis
- North America
- Europe
- U.K.
- France
- Germany
- Russia
- Italy
- Spain
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Latin America (LATAM)
- Middle East and Africa (MEA)
- Saudi Arabia
- U.A.E.
- South Africa
