Market Overview:

According to a new report by IMIR Market Research on Global Aerosol Paints Market size is estimated at USD 1.54 billion in 2024, and is expected to reach USD 2.37 billion by 2032, growing at a CAGR of 5.54% during the forecast period (2024-2032).

Aerosol paints are extensively used to protect the shelf life of wooden, metal, and plastic part of the vehicles. The increase in usage of product across automotive and construction industries for both protection as well as adding to the looks of a product is expected to boost the market growth over the coming years. In addition, this growth is also achieved through sophistication and enhancements in technology regarding product as well. Further, in the month of April 2023 Rust-Oleum announced Custom Spray 5-in-1 a new generation of spray paint. This is a state-of-the-art feature in the spray painting system that enables artists to easily slide between several patterns of spraying through a turn of a dial.

The market in North America and U. S. is expected to be driven by the several manufacturers and suppliers, some of which are Rust-Oleum, RPM International, Inc. , and Kelly-Moore Paints. Other related developmental projects that require heavy capital investment for construction especially the construction sectors in Asia Pacific, North America and Europe are also likely to propel the demand of the product in the next few years.

Technology Utilised two main technologies that product manufacturers are water based technology and solvent based technology. Bearing in mind the fact that water borne paints contain lesser amounts of VOCs than solvent borne paints, the former is expected to depict steep growth rates in the course of the given time frame. Furthermore, there are also prospects in the field of green building in various world regions, including Europe; therefore, specialists expect demand for water-based paints to increase in the coming years. Nonetheless, the demand for solvent-based products has reduced in the developed countries particularly in the Europe and North America mainly due to conditions of environment standards and acts on hazardous chemicals.

Thus, many important manufacturers are focusing to sustainable product development technology in order to strengthen its position on the global market. Short construction projects and increase in disposable income especially in the developing countries such as China and India are some of the critical factors that have boosted the construction application segment that in return drives the market for these paints.

Market Drivers:

Drivers Rising Residential and Commercial Construction Activities

• Currently, the aerosol paints market occupies a constantly expanding segment of the global market, being mainly influenced by the growth of the construction of houses and commercial premises. When urbanization becomes more rapid, there is a need to construct more housings, more businesses; this puts pressure on the need to have better and more versatile painting methods. Today, aerosol paints are favored by both, professional contractors, as well as amateurs because of their convenience, fast drying time, and uniform coverage. Aerosol paints are commonly employed for residential construction for all types of interior and exterior work as well as for spot, touching up and finishing in precise areas for different substrates. In the same manner, in the commercial construction, these are preferred because of its rapid coverage of large spaces and certain unique functions like sign writing and anti-graffiti. Moreover, the constant focus on new construction of buildings does not differ significantly from the renovation and modernization of existing structures; thus, the aerosol paints market will continue to receive significant demand for use in retouching and updating interior and exterior designs. The constant emergence of the new aerosol paint products that are developed primarily with an emphasis on the environmental care and the improvement of the functions also helps to expand the market for these products and attract more consumers to the available forms of aerosol paints.

Increasing Usage of Aerosol Paints in DIY Activities

• Rising adoption of aerosol paints in do-it-yourself activities is the major trend that is enhancing the demand of aerosol paints market across the world. Do-it-yourself trend, meaning the ideas of individualization of products and unique creations from scratch, has seen considerable growth in popularity, especially among young people and makers. Many artisan users and do it yourself enthusiasts have however benefited from aerosol paints due to their numerous uses in home, furniture, art and crafting among others. The convenience and versatility of aerosol paints due to their simplicity of application, and the short drying time, and the multitude of colors and finishes make them rather appealing to those who do not require the help of a professional to redecorate their environment. Furthermore, the increased number of DIY projects, which can be observed in the period under consideration, explains the lateral growth associated with the increasing availability of social networks that attract people to similar work and encourage them to share their results. This has further enhanced the need for aerosol paints within the market space as well as the use of other similar products. The market is also consisting with increased number of e-commerce platforms through which, the consumers are essentially able to get in touch with a wide range of aerosol paint products. Therefore, the popularity of do it by yourself activities are greatest due to expansion of the global aerosol paints market showing that creativity, convenience and consumer power are all interrelated.

Market Trends:

Shift Towards Eco-Friendly Formulations

• Another key factor is rapidly changing the position of environmental friendly aerosol paints worldwide especially in the emerging markets of the industry. The main factors that have led to this change include; currently, there is a raising awareness of the people to the environment and secondly, there has been increased tightening of legal measures to control emission of VOCs. A wide range of aerosol paints specially created by using low VOC content and biodegradable materials have great demand among the populace that care for their surroundings.
• Prospective buyers are also willing to go an extra mile in procuring research and development for manufacturers to work harder in developing and coming up with environmentally friendly aerosol paint products. These innovation as well meet regulatory changes that are bound to occur but also improve on the image as well as the appeal of the brands in midst of market that constantly shifts to sustainability. In addition, these paints are degenerative in quality to traditional paints; however, they are more environmentally friendly. Hence, the aerosol paints market should persist with its growth at a higher rate through the global situations owing to the increase of awareness towards the environmental factors among consumers and industrial applications. This trend has been seen, in general, as an industry’s turn to sustainability, which is to be a turning point in the development of aerosol paint products globally.

Market Restraining Factors:

Stringent VOC Regulations to Hinder the Growth

• There are major challenges that the aerosol paints market is experiencing across the global market due to regulation of VOCs. VOCs are dangerous airborne chemicals, which cause such problems as smog and destruction of the ozone layer, and present health risks, too. Legislative and regulatory agencies such as the EPA in the United States and the EEA in Europe have established very high standards regarding the emissions of VOC. These regulations force manufacturers into modifying the composition of their products to meet the set VOC standards or incur high costs in developing compliant technologies, which have the potential of raising the cost of production and possibly; profitability. Also, the process of compliance is not easy and may take a lot of time, that implies that launch of new products and therefore market development may be slowed down. The consumers’ awareness of the sustainability and protection of the environment also shifted their preference towards low VOC or even VOC-free products, which has put more pressure on the traditional aerosol paint manufacturers. Therefore, the aerosol paints market faces a slower growth rate and companies must research for new technologies to espouse in order to follow the regulations and/or clients’ preferences’ changes without compromising the product’s efficiency and the final cost.

Report Coverage:

The report will cover the qualitative and quantitative data on the global Aerosol Paints Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

By Product (Water Based, Solvent Based), By Application (Do-it-Yourself, Construction, Automotive, Wooden Furniture, Other).

Report Scope and Segmentations:

Aerosol Paints Market Players Analysis:

• Nippon Paint Holdings Co., Ltd.
• Masco Corp.
• Dupli-Color Products Company
• LA-CO Industries, Inc.
• Krylon Products Group
• Montana Colors S.L.
• Southfield Paints Ltd.
• Kobra Paint
• Rust-Oleum
• Aeroaids Corp

Key Industry Developments:

• In February 2024, Snapdeal, an online marketplace, and Nippon Paint India, a division of Nippon Paint Holdings Co. Ltd., have a long-term cooperation. As per the arrangement, Snapdeal will provide Nippon Paint India's whole line of aerosol spray paint, including the Pylac 1000 Rainbow series, at a discounted price for instant purchase.
• In April 2023, The Sherwin-Williams Company subsidiary N92 Menomonee Falls, LLC was purchased by Diamond Vogel. Diamond Vogel will have access to the products facility and the aerosol production experience of the N92 Menomonee Falls, LLC team through this acquisition. The purpose of this calculated action is to broaden Diamond Vogel's product offering and increase its worldwide presence.

Aerosol Paints Market Segmentation Analysis:

By Product

• Water-based
• Solvent-based

By Application

• Do-it-Yourself
• Construction
• Automotive
• Wooden Furniture
• Others

By Region

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
• LAMEA (Latin America, Middle East, Africa)

The report also helps in understanding Global Aerosol Paints Market dynamics, structure by analyzing the market segments, and project the Global Aerosol Paints Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Aerosol Paints Market make the report investor’s guide.

Segmentation Analysis:

The market scope is segmented because of by Product, by Application and By Region.

By Product

Based on the Product of the market is segmented into Water Based, Solvent Based.

The solvent-based segment accounted for the largest revenue share of 55.7% in 2023. Aerosol paints that are categorized under solvent-based aerosol are determined by the different mineral spirits used while formulating the paint. The requirement of these products has shifted significantly in the developed areas of the globe, for example – Europe and North America due to the stringent rules and regulations framed to control emissions pertaining to hazardous chemicals.

Solvent-based paints also give out poisonous particulates during its use and drying process; hence, it has a distinct smell. These paints easily catch fire and are toxic and, therefore, dangerous to the environment and human health. Solutions are very effective, and safer to use, and as such this market is expected to witness high growth over the forecast period. These paints consist of latex resin as the dispersed phase. In addition, benefits in the production processes of water based paints which are environmental friendly are expected to boost the demand.

By Application

Based on the Application of the market is segmented into Do-it-Yourself, Construction, Automotive, Wooden Furniture, Other.

The construction segment dominated the market and held the largest revenue share of 37.2% in 2023. The construction chemicals market is predicted to expand globally as a result of increasing construction projects of houses and buildings, landfills and tunnels, and related activities. Also, the proliferation of urbanization in the developing nations is expected to drive the market growth across the projected year. However, these paints are not frequently used in the construction industry because of their costs, which are high and are used mainly for functional contextual applications, like when one wants to paint a small area because of damage, or to smoothen a previously painted area.

The second-largest application segment is automotive. Aerosol paints are utilized in the automobile industry for car restoration after sales as well as throughout the manufacturing process. These paints are the perfect choice for touch-ups, car reconditioning, and repairs of various parts. Over the course of the forecast period, rising sales of consumer automobiles, such as trucks, buses, and other modes of passenger transportation, are anticipated to fuel product demand in this market. The emergence of social media and the internet has led to a surge in the demand for do-it-yourself items. These are used for common domestic tasks including wall painting, car restoration or customisation, graffiti, interior and exterior home renovation, and hobby artwork.

Regional Snapshots:

The Asia-Pacific region is anticipated to rule the world market. The use of aerosol paints is rising in the region because to rising consumption from sectors like automotive, architecture, wood, and packaging from nations like China, India, and Japan. In order to protect and improve the aesthetic appeal of automotive OEM parts and cars, aerosol paints are applied to their surfaces. Because aerosol coatings have so many uses and are so widely used by consumers and car enthusiasts for touch-up, personalization, and detailing, the aftermarket demand for them is greater than the demand for them during manufacturing.

In China, the number of passenger cars sold in 2023 increased by over 10% from 2022 to 26 million. Conversely, the number of commercial vehicles sold in 2023 increased by over 22% from 2022 to 4.03 million. OICA is the source of this information. In addition, the total number of automobiles sold in India in 2023 was 5.07 million, a rise of more than 7.5% from 2022. In comparison to 2022, the number of passenger vehicles sold in the nation increased by 8.2% to 4.1 million.

Since manufacturers have realized the cost-benefits and aesthetic excellence associated with aerosol paints when utilized on a modest scale, they are increasingly adopting aerosol paints for architectural applications. Buildings look better when surfaces are painted with aerosol paints because they provide a consistent, smooth finish. They are used to create intricate patterns, artwork, and designs on walls and other surfaces.

One of the main drivers of China's continuous economic growth is the building industry. The Ministry of Housing and Urban-Rural Development has projected that China's construction industry will continue to contribute 6% of the nation's GDP until 2025.

In addition, Japan's building and housing sectors have both seen modest expansion in recent years. In Japan, a lot of opulent apartment buildings and residential complexes are being built. For example, Mitsubishi State is developing the highest skyscraper in Japan, with 50 opulent apartments that will rent for USD 43,000 apiece. The project is expected to be finished by 2027 and is being constructed close to the Tokyo station.

Therefore, throughout the projection period, rising architectural construction and expanding car sales in Asia-Pacific are anticipated to drive up demand for aerosol paints.

Global Aerosol Paints Market Regional Analysis:

North America accounted for the highest xx% market share in terms of revenue in the Aerosol Paints market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Aerosol Paints. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Aerosol Paints companies in economies such as Japan and China.

The objective of the report is to present comprehensive analysis of Global Aerosol Paints Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

Aerosol Paints Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase:

• To gain insightful analyses of the Aerosol Paints market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the Aerosol Paints market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the Aerosol Paints market. Besides the standard structure reports, we also provide custom research according to specific requirements.

Research Scope of Aerosol Paints Market:

• Historic year: 2019- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million