USD 228.32 million
Aerosol Paints Market Size, Share, Growth Analysis, By Product(Water-based, and Solvent-based), By Application(Do-it-Yourself, Construction, Automotive, Wooden Furniture), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2329 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
65
Aerosol Paints Market Insights
Aerosol Paints Market size was valued at USD 228.32 million in 2021 and is poised to grow from USD 240.19 million in 2022 to USD 360.31 million by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).
Aerosol paints can be applied on various surfaces for both decorative and protective purposes. Compared to traditional methods like using a roller or paintbrush, spray painting is widely preferred due to its unique atomization, storage, and application techniques. Spray paints cater to a wide range of surfaces such as metals, plastic, wood, glass, and masonry and come in different variants like stains, glossies, enamels, and flats. The construction sector's extensive usage of aerosol paints drives the market growth significantly.
Additionally, the ongoing infrastructural development worldwide acts as a major growth driver. The quick-drying, easy applicability, and high quality of aerosol paints make them suitable for new and existing structures like monuments, offices, factories, residences, and public buildings, further boosting their demand. As spray paints are cost-effective and aesthetically pleasing, they are increasingly replacing conventional paints on a large scale, contributing to market growth. Moreover, to reduce volatile organic compound (VOC) emissions, several governments have imposed strict regulations, prompting manufacturers to develop eco-friendly variants of aerosol paints, further enhancing the market's positive outlook.
US Aerosol Paints Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Solvent-based
Fastest Growth
Solvent-based
Growth Rate
5.2% CAGR
Global Aerosol Paints Market ($ Bn)
Country Share for North America Region (%)
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Aerosol Paints Market Segmental Analysis
The global aerosol paints market is segmented on the basis of product, application, and region. By product, the market is segmented into water-based, and solvent-based. By application, the market is segmented into do-it-yourself, construction, automotive, wooden furniture, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Aerosol Paints Market Analysis By Product
Solvent-based aerosol paints dominate the market, holding a significant share in the aerosol paints market. Solvent-based aerosol paints are popular due to their fast-drying properties, excellent adhesion to various surfaces, and durability. They are widely used in industries like automotive, industrial, and DIY applications.
On the other hand, Water-based aerosol paints are experiencing rapid growth and are considered the fastest-growing segment in the aerosol paint market. Water-based aerosol paints are gaining popularity due to their eco-friendly nature, low VOC emissions, and ease of cleaning with water. They are increasingly preferred by environmentally conscious consumers and are used in applications where minimizing environmental impact is essential, such as in residential, commercial, and artistic applications.
Aerosol Paints Market Analysis By Application
Construction segment is the dominant segment in the aerosol paints market. Aerosol paints are extensively used in the construction industry for various purposes, including painting walls, ceilings, and other structural elements. The quick-drying and easy applicability of aerosol paints make them highly suitable for construction projects, allowing for efficient and precise paint jobs.
On the other hand, the Automotive segment is the fastest-growing application segment of aerosol paints. With the automotive industry witnessing continuous growth, the demand for aerosol paints for car refinishing, touch-ups, and customization has surged. Aerosol paints offer convenience and ease of use for automotive enthusiasts and professionals, leading to the rapid expansion of this segment.
Global Aerosol Paints Market By Product Type
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Aerosol Paints Market Regional Insights
The global aerosol paints market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The dominant segment for aerosol paints is likely to be North America. The region has a strong demand for aerosol paints due to various factors such as a well-established construction industry, a high level of awareness and adoption of eco-friendly products, and a robust presence of key market players.
On the other hand, Asia Pacific is considered to be the fastest growing region in the Aerosol Paints market. This growth can be attributed to the rapid urbanization and infrastructural development in countries like China and India. Additionally, the increasing disposable income, changing lifestyle, and rising consumer preference for aesthetically appealing products are driving the demand for aerosol paints in this region. The growing automotive and electronics industries in Asia-Pacific also contribute to the rising adoption of aerosol paints.
Global Aerosol Paints Market By Geography
- Largest
- Fastest
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Aerosol Paints Market Dynamics
Aerosol Paints Market Drivers
Growing Construction Sector:
- The aerosol paints market is driven by the extensive use of aerosol paints in the construction industry. The increasing infrastructural development globally creates a demand for quick and efficient painting solutions. Aerosol paints offer advantages like quick-drying and easy applicability, making them suitable for various construction projects, including monuments, offices, factories, residential spaces, and public buildings.
Shifting Preferences to Spray Painting:
- Compared to traditional paint application methods like using brushes or rollers, spray painting is becoming increasingly preferred. It provides unique atomization, allowing for even and smooth coverage on different surfaces. The ease of use, better control, and the ability to cover intricate details attract consumers to opt for aerosol paints, boosting market demand.
Aerosol Paints Market Restraints
Environmental Concerns and Regulations:
- The aerosol paints market faces restraints due to growing environmental concerns and increasing regulations related to volatile organic compound (VOC) emissions. Traditional aerosol paints contain VOCs that contribute to air pollution and pose health risks. Stringent government regulations to limit VOC emissions are pushing manufacturers to develop eco-friendly aerosol paint variants, which may involve additional costs and impact profit margins.
Competition from Alternative Products:
- The aerosol paints market faces competition from alternative painting solutions, such as traditional paints in cans or newer eco-friendly paint products. Consumers' increasing environmental consciousness and demand for sustainable options could divert attention away from aerosol paints, affecting market growth. Manufacturers need to innovate and promote the unique advantages of aerosol paints to stay competitive in the market.
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Aerosol Paints Market Competitive Landscape
The global aerosol paints market features a highly competitive landscape with several key players vying for market share. Established companies with a strong presence in the paints and coatings industry hold a dominant position. These players offer a diverse range of aerosol paint products for various applications and surfaces, catering to both consumer and industrial segments. The market is characterized by continuous product innovation, research, and development efforts to introduce eco-friendly and low-VOC formulations. Strategic partnerships, mergers, and acquisitions are common strategies adopted by these companies to expand their geographical reach and enhance their product portfolios. Price competitiveness and adherence to quality standards also play a crucial role in the competitive dynamics of the aerosol paints market.
Aerosol Paints Market Top Player’s Company Profile
- Nippon Paint Holdings Co., Ltd. – (Japan)
- Masco Corp. – (US)
- Dupli-Color Products Company - (US)
- LA-CO Industries, Inc. - (US)
- Krylon Products Group - (US)
- Montana Colors S.L. – (Spain)
- Southfield Paints Ltd. – (India)
- Kobra Paint – (Italy)
- Rust-Oleum - (US)
- Aeroaids Corp. – (India)
Aerosol Paints Market Recent Developments
- In 2022, PPG announced the launch of a new line of water-based aerosol paints. The new line of paints is designed to meet the growing demand for eco-friendly aerosol paints.
- In 2023, Sherwin-Williams announced the expansion of its aerosol paint manufacturing facility in the United States. The expansion will allow Sherwin-Williams to increase its production capacity and meet the growing demand for its products.
- In 2023, Rust-Oleum announced the launch of a new line of aerosol paints for the DIY market. The new line of paints is designed to make it easier for DIYers to paint their own projects.
Aerosol Paints Key Market Trends
- Growing Demand for Eco-Friendly and Low-VOC Formulations:
One prominent trend in the aerosol paints market is the increasing demand for eco-friendly and low volatile organic compound (VOC) formulations. With rising environmental concerns and stringent regulations imposed by governments to reduce harmful emissions, consumers and industries are seeking paint products that have minimal impact on the environment. Manufacturers are responding by developing aerosol paints with low VOC content, reducing air pollution and providing a greener alternative to conventional paints.
- Expansion of Customization and Specialty Aerosol Paints:
Another significant trend is the expansion of customization and specialty aerosol paints. As consumers seek unique and personalized finishes for their projects, the demand for custom colors, textures, and effects in aerosol paints is on the rise. Manufacturers are introducing a wide range of specialty aerosol paints, including metallics, high-gloss finishes, and texture sprays, catering to diverse applications such as automotive customization, DIY projects, and artistic endeavors. This trend not only addresses consumer preferences but also opens up new market opportunities for aerosol paint manufacturers.
Aerosol Paints Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global aerosol paints market analyses, these crystalline, homogeneous particles composed of liquid droplets or solid particles suspended in gas find use in perfumes, medical products, deodorants, and room fresheners. Aerosol paints, stored in pressurized cans, are favored for their easy application on surfaces for both decorative and protective purposes. The construction sector is a major driver of market growth, with aerosol paints being extensively used in infrastructural development globally. The quick-drying and high-quality properties of spray paints make them suitable for various structures, including monuments, offices, factories, and residential spaces. Additionally, aerosol paints are preferred over conventional paints due to cost-effectiveness and aesthetic appeal. The market is further influenced by the shift towards eco-friendly variants to meet stringent environmental regulations.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 228.32 million |
| Market size value in 2031 | USD 360.31 million |
| Growth Rate | 5.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aerosol Paints Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aerosol Paints Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aerosol Paints Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aerosol Paints Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aerosol Paints Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aerosol Paints Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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