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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Aerosol Paints Market Outlook
The global aerosol paints market is expected to grow at a CAGR of 5% in the forecast period of 2024-2032, driven by the rising demand from the end-use industries.
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Asia Pacific to Dominate the Market for Aerosol Paints
The region of Asia Pacific has been dominating the market share for aerosol paints market in the past and is expected to continue its strong growth as the leading market in the upcoming years. The reason is attributed to the rapid rise of the end use industries in the region and the constantly increasing population base with growing household incomes and urbanisation in developing economies like India and China. The rapid industrialization in the region is witnessing rapid surge in construction, automotive and electronics industry. All these end use industries for aerosol paints are leading to burgeoning of the demand. The North America will also grow significantly because of the presence of key players in the United States and rise in home and automotive refurbishing activities. The Middle East region will also witness growth in the following years because of increasing industrialization with the strong domestic and foreign investments.
Aerosol Paints: Market Segmentation
Aerosol paint is also known as spray paint. Aerosol paint is a paint that is available in a sealed and pressurized container that can be released in form of a spray after the valve is pressed. It leaves a smooth even coat on the applied surface and is easily available in standard sized cans that are easy to carry, store and cost affordable.
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On the basis of technology, the aerosol paints are bifurcated into the following:
- Water-borne
- Solvent-borne
Based on resin, the industry can be divided into:
- Acrylic
- Epoxy
- Polyurethane
- Alkyd
- Others
Based on end-use, industry is divided into the following:
- Automotive
- Construction
- Wooden Furniture
- Others
The regional markets for aerosol paints industry can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Aerosol Paints Market Bolstered by the Rising Construction Industry
The aerosol paints market is majorly being driven by the fast-growing construction industry. Aerosol paints find their application in diverse architectural coatings such as interior and exterior paints, primers, sealers, varnishes, and stains. These can be applied on the site of all kinds of architectural buildings including residential, commercial, and industrial. Aerosol paints provide distinct cost and visual advantages over the conventional paints when used on a small scale. This is providing impetus to the growth of aerosol paints in construction industry. The automotive industry is also increasingly demanding aerosol paints with the growing demand for automobiles across the world.
Key Industry Players in the Returnable Market
The report gives a detailed analysis of the following key players in the aerosol paints market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Nippon Paint Holdings Group
- Aeroaids Corporation
- Krylon Products Group
- RPM International Inc.
- PPG Industries, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Resin |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of nearly 5% in the forecast period of 2024-2032.
The major drivers of the industry include rising housing facilities, rising disposable incomes, increasing population, rising demand from construction and automotive industry.
The rowing R&D investment for sustainable paints is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.
The water-based and solvent-based aerosol paints are available in the market.
Construction industry is the leading end-user for aerosol paints.
The leading players in the market are Nippon Paint Holdings Group, Aeroaids Corporation, Krylon Products Group, RPM International Inc., and PPG Industries, Inc., among others.
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