Aerosol Paints Market to Expand with Significant CAGR by 2028

The Insight Partners published an exclusive report, titled, "Aerosol Paints Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Raw Material (Acrylic, Alkyd, Epoxy, Polyurethane, and Others); Technology (Solvent-Borne, Water-Borne, and Others); Application (Construction Industry, Automotive and Transportation, Wood and Furniture Industry, Packaging, and Others)". The aerosol paints market was valued at US$ 3,941.90 million in 2020 and is projected to reach US$ 5,238.49 million by 2028; it is expected to grow at a CAGR of 3.9% from 2021 to 2028.

Aerosol paints, are available in a sealed pressurized container. They are available in various colors and styles, making it a popular choice of product among consumers. They are widely used in the construction and automotive sectors as they are easy to use and have quick drying times.

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Aeroaids Corporation; The Sherwin-Williams Company; Kobra Paint - Spray Art Technologies; Masterchem Industries LLC; MONTANA COLORS S.L.; Nippon Paint Holdings Co., Ltd.; Plutonium Paint; AVT Paints Pty Ltd; PPG Industries Inc.; Rust Oleum; Peter Kwasny GmbH; Motip Dupli Group B.V.; and Technima SAS are among the major players operating in the global aerosol paints market.

Based on raw material, the aerosol paints market is segmented into acrylic, alkyd, epoxy, polyurethane, and others. Alkyd segment held the largest share in the global aerosol paints market in 2020. The use of alkyd aerosol paint is increasing owing to its ease of application and a high gloss finish, which is expected to boost the growth of the alkyd aerosol paint market during the forecast period.

The aerosol paints market is segmented into five main regions- North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America (SAM). In 2020, Asia Pacific held the largest share of the global aerosol paints market. It is also estimated to register the fastest CAGR in the market over the forecast period. The demand for aerosol paints is expected to increase in the region due to various factors such as the huge population base, increasing disposable income, and improved living standards. The growth of the automotive refinish market has also positively contributed to the growth of the demand for aerosol paints in Asia Pacific. These factors have also attracted foreign players to expand into the region. Additionally, the rapid growth of this region can also be attributed to the growth of the construction industry in the region. China, is the world's largest construction market and is expected to grow significantly over the next few years. Moreover, other developing economies like India is also set to grow at a tremendous rate with the focus of the region towards boosting domestic manufacturing activities.

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The overall global aerosol paints market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the global aerosol paints market.

MARKET SEGMENTATION

Aerosol Paints Market, by Raw Material
• Acrylic
• Alkyd
• Epoxy
• Polyurethane
• Others

Aerosol Paints Market, by Technology
• Solvent-Borne
• Water-Borne
• Others

Aerosol Paints Market, by Application
• Construction Industry
• Automotive and Transportation
• Wood and Furniture Industry
• Packaging
• Others

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.