Published: February 2021 | Report Code: CM12138 | Available Format: PDF | Pages: 123
The Indian aerosol market generated $526.28 million revenue in 2019, and it is expected to witness a CAGR of 6.0% during the forecast period (2020–2030). Key factors responsible for the growth of the market are the rising demand for aerosols in the automotive and manufacturing industries and supportive government initiatives for research and development (R&D) in the manufacturing industry.
During the COVID-19 pandemic, lockdowns and partial factory closures have negatively impacted the manufacturing facilities in the aerosol industry. In addition, the reduced trading activities have impacted product sales to factories. Further, as COVID-19 continues to spread around the world, governments have taken drastic steps to contain its spread and ensure employees’ safety. Due to this, slow growth in the Indian aerosol market has been observed in the year 2020.
The personal care category held the largest share in the Indian aerosol market in 2019, and further, it is expected to witness a promising growth rate during the forecast period, based on application. This is primarily due to the rising demand for haircare products (hairsprays & styling sprays, hair mousses, hair shines, and shampoos), personal care products (deodorants & antiperspirants, foams & gels, gel toothpastes, and cream foundation), and body care products (hydrating creams, self-tanning & skin-whitening lotions, and sun protection products). Moreover, the rising awareness regarding personal hygiene care is strengthening the demand for personal care aerosol products.
Furthermore, the deodorants/antiperspirants category held the largest volume share in the Indian aerosol market, based on personal care product type, in 2019. This is mainly attributed to the growing awareness on personal hygiene and body odor problems.
The spray paints category held the largest share in the Indian aerosol market in 2019, based on industrial product type. This was primarily due to the versatility and economic viability of spray paints, which is why they are preferred for many metallic, wooden, and plastic applications. Spray paints are used to restore or re-spray automotive and aviation components and fill scratches on industrial machinery.
Similarly, air freshener products dominated the Indian aerosol market over the past few years, based on residential product type. This was mainly due to the rising demand for a fresh environment in homes and cars that is free of undesirable odors. The rising awareness on air hygiene and absence of volatile organic compounds in these aerosol-based air fresheners have pushed their usage in residential applications.
Both in terms of volume and value, supermarkets/hypermarkets are expected to be the fastest-growing category during the forecast period (2020–2030), based on distribution channel. This will mainly be due to the swift modernization in the retail sector, which is driving the setting up of supermarkets and hypermarkets all over India, especially in metropolitan cities. In addition, the rising awareness regarding hygiene, due to COVID-19, has pushed the sales of cleaning & maintenance aerosols via supermarkets/hypermarkets, owing to the availability of assorted goods at reasonable prices here.
Geographically, the northern region held the largest share in the Indian aerosol market in 2019. This is mainly attributed to the growing demand for personal care products in Uttar Pradesh, Punjab, Haryana, Delhi, and some parts of Rajasthan. In addition, the growing consumption of air freshening, cleaning, and maintenance products in this region drove the market for aerosols in India.
The demand for aerosols is increasing continuously with the growing production and sales of passenger cars, commercial vehicles, three-wheelers, two-wheelers, and quadracycles. According to the Society of Indian Automobile Manufacturers (SIAM), in 2018–19, the Indian automotive industry produced 30,915,420 vehicles, which was 6.3% higher than the previous year’s production of 29,094,447 vehicles. Similarly, according to the India Brand Equity Foundation (IBEF), due to a rise in the young population and middle-class’s income, automobiles are expected to experience a boost in demand, which, in turn, will help the Indian aerosol market grow.
According to the IBEF, the Indian manufacturing industry is growing at a significant pace, owing to the rising demand for consumer electronic appliances, electrical equipment, and machinery. Moreover, according to the Ministry of Commerce and Industry, the Indian cosmetics and beauty products sector has been expected to witness significant growth during 2016–2021, due to the rising per capita income of people, which is allowing for a higher personal spending. This, in turn, is having a huge positive impact on the Indian aerosol market.
|Base Year (2019) Market Size||$526.28 Million|
|Forecast Period (2020-2030) CAGR||6.0%|
|Report Coverage||Market Trends; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Distribution Channel Analysis; Value Chain Analysis; Competitive Benchmarking of Key Players; Companies’ Strategic Developments; Company Profiling|
|Market Size by Segments||By Distribution Channel; By Application; By Region|
|Secondary Sources and References (Partial List)||Asian Aerosol Federation; Confederation of Indian Industry; European Aerosol Association; India Brand Equity Foundation; Indian Aerosol Science and Technology Association; Indian Aerosols Promotion Council; Indian Institute of Engineering Science and Technology; Indian Paint & Coating Association; Indian Paint Association; Indian Small Scale Paint Association; Ministry of Environment, Forest and Climate Change; National Aerosol Association; Paints and Coatings Skill Council; Society of Indian Automobile Manufacturers|
In recent years, players in the Indian aerosol market have been involved in product launches in order to stay ahead of their competitors. For instance:
The india aerosol market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Based on Distribution Channel
Based on Application
The Indian aerosol market will witness a growth of 6.0% during 2020–2030.
In 2019, the personal care category, under the application segment of the Indian aerosol industry, generated the highest revenue.
The northern region currently holds the largest Indian aerosol market share.
The major Indian aerosol industry growth driver is the increasing demand for aerosolized products in the manufacturing and automotive sectors.
Indian aerosol market players are adopting product launches to increase their sales.
Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you
Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws