Aerosol Paint Market: Information by Product (Water-based, Solvent-based), Application (Construction, Automotive, Furniture, Others), and Region — Forecast till 2029

Apr 07, 2021   Aerosol paints are a type of spray paint, used to get a smooth finish and even coating than traditional painting techniques. Aerosol sprays can be sprayed directly on bare wood and different metals. Aerosol paints come in pressurized containers that are portable, lightweight, and easy to store. There has been growing demand from the furniture, construction, and automotive industry looking for highly efficient paints and coatings. These factors are expected to create upswings for the market growt...
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Aerosol paints are a type of spray paint, used to get a smooth finish and even coating than traditional painting techniques. Aerosol sprays can be sprayed directly on bare wood and different metals. Aerosol paints come in pressurized containers that are portable, lightweight, and easy to store. There has been growing demand from the furniture, construction, and automotive industry looking for highly efficient paints and coatings. These factors are expected to create upswings for the market growth during the assessment period.

Automobile Industry Expected to Hold Considerable Share in the Market

Globally, the automobile sector is one of the fastest-growing industries. This demand is further compounded due to the emergence of electric cars and bikes. The industry is one of the largest employers across the globe. The rising consumer consciousness about the increasing carbon dioxide due to vehicular pollution coupled with stricter emission norms in various countries are creating a favorable base for players to launch new electric cars and bikes.

As per the International Energy Association, the global electric car sales exceeded 5.1 million in 2018 from its preceding year by 2 million units.  Furthermore, according to the European Automobile Manufacturers Association, the European automobile market creates around 14.6 million jobs. Therefore, accounting for approximately 6.7% of all the European Union jobs and 11.5% of the manufacturing jobs in the European Union.

The vehicle manufacturing industry is critical in Europe that where around 18.5 million buses, vans, trucks, and cars are manufactured every year. Moreover, changing economic conditions such as growth in the purchasing power parity (PPP) is leading to increased disposal incomes, coupled with lost cost EMIs and technological advancements in motor vehicles. These advancements are changing by the hour, therefore; the demand for new cars and bikes has been seeing healthy growth.

As per the International Organization of Motor Vehicle Manufacturers, the total number of vehicles sold in 2018 was around 95.1 million.  This highlights the growth potential of the automobile sector in the coming years.  Aerosol paints are used extensively in the automotive manufacturing process since they are easy to use, fast-drying. These paints provide superior paint finishes to various parts of the automobiles such as body panels, doors, exhaust, suspensions, and engines, among others.

Growth in the Construction Sector to Create Upswings for the Market

Construction is expected to be one of the most dynamic sectors globally. It is slated to play a crucial role in the prosperity of society globally in the coming decades. According to Oxford economics, the world construction sector is forecasted to grow by around USD 8 trillion by 2030, driven by the economies such as the U.S, China, and India.

Even though the recent COVID-19 pandemic has put construction activities globally on a halt, with supply and demand-side mismatches causing a delay in the construction activities, the IMF predicts that the construction sector will bounce back, showcasing robust growth in the coming decade. Furthermore, it is predicted that India will grow twice as fast as China in the construction sector. This growth can be attributed to the governments' ambitious smart city projects and Pradhan Mantri Awas Yojana's aims to provide housing for all by the year 2022.

Furthermore, there has been an upsurge in the construction activity in the Middle East as the region is moving away from its oil monopoly and complementing it with other sectors such as tourism, business hub, among others. The 2022 FIFA world cup in Qatar is seeing heavy investments in the construction sector in the region. The growth in the construction sector is expected to create upswings for aerosol sprays that are being extensively used in spray painting of various construction parts and materials that go into the making of indoor and outdoor housing.

North American Market to show a promising growth during the assessment period

North America has been a leader in the field of technological development over the years. Today, the region is one of the key manufacturers and consumers of aerosol spray. As per the International Monetary Fund World Economic, North America ranks first globally in terms of nominal Gross Domestic Product and second in terms of purchasing power parity(PPP) in the year 2018. Furthermore, nominal GDP accounted for around USD 19.40 trillion in the year 2017 and is expected to touch a value of around USD 24.55 trillion by the year 2023.

North America has a vast landscape of trees and wood, which is favorable for the growth of lumbering and allied industries such as the furniture industry. The demand for customized and modular furniture has seen an increased demand in recent times. The region is blessed with various types of forests such as boreal, tundra, montane, among others, which further help in keeping up with the demand and less dependency from other nations.

Furthermore, as per the Agribusiness Consulting study commissioned by the U.S. Hardwood Federation, the total sales of the hardwood products that sold in the year 2016 amounted to around USD 348.1 billion. This highlights the growing potential of the furniture and allied industries and in turn is inclined to create upswings for the market growth for aerosol spray that is used to give high-quality paint finishes on wood.

The construction sector in the U.S. is one of the major contributors to the region's economy and has been witnessing tremendous growth in the recent past. According to the Associated General Contractors of America (AGC), the construction industry created around USD 1.32 trillion worth of structures yearly and employees the sector employs around 7 million people.

The high growth trajectory of the sector can be contributed to the mergers, acquisitions, and large-scale projects in pipelines. For instance, the LaGuardia airport construction is an ongoing project in Queens, New York, which is estimated to cost around USD 8.2 billion and is expected to be completed by 2022. Such developments create growth avenues for the construction sector that uses aerosol sprays extensively in its various construction activities.

Global Aerosol Paint Market: Key Players Covered

  • Aeroaids Corporation
  • DUPLI-COLOR
  • Krylon Products Group
  • Markal
  • Masterchem Industries LLC
  • Montana Colors
  • Nippon Paint (India) Company Limited.
  • Plutonium Paint
  • PPG Industries
  • Rust-Oleum

Aerosol Paint Market: Segmentation

By Product

  • Water-based
  • Solvent-based

 By Application

  • Construction
  • Automotive
  • Furniture
  • Others

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • Germany 
  • France
  • Italy
  • The U.K.
  • The Rest of Europe

Asia-Pacific

  • China 
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of APAC

Central and South America and the Caribbean 

  • Brazil
  • Argentina
  • Colombia
  • Rest of Central and South America and the Caribbean 

The Middle East

  • Saudi Arabia
  • The UAE
  • Qatar
  • Oman
  • Turkey
  • The Rest of the Middle East

Africa 

  • Nigeria
  • South Africa
  • Rest of Africa

Frequently Asked Questions (FAQs)

Growing demand from the furniture, construction, and automotive industry, rising consumer consciousness about the increasing carbon dioxide due to vehicular pollution, growth in the construction sector are the key factors expected to drive Aerosol Paint Market during the forecast period.
Aeroaids Corporation, DUPLI-COLOR, Krylon Products Group, Markal, Masterchem Industries LLC, Montana Colors, Nippon Paint (India) Company Limited., Plutonium Paint, PPG Industries, Rust-Oleum are the top players in Aerosol Paint Market.
North America is expected to hold the highest market share in Aerosol Paint Market.
Automotive Application Segment is expected to be the leading segment in Aerosol Paint Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.

Aerosol paints are a type of spray paint, used to get a smooth finish and even coating than traditional painting techniques. Aerosol sprays can be sprayed directly on bare wood and different metals. Aerosol paints come in pressurized containers that are portable, lightweight, and easy to store. There has been growing demand from the furniture, construction, and automotive industry looking for highly efficient paints and coatings. These factors are expected to create upswings for the market growth during the assessment period.

Automobile Industry Expected to Hold Considerable Share in the Market

Globally, the automobile sector is one of the fastest-growing industries. This demand is further compounded due to the emergence of electric cars and bikes. The industry is one of the largest employers across the globe. The rising consumer consciousness about the increasing carbon dioxide due to vehicular pollution coupled with stricter emission norms in various countries are creating a favorable base for players to launch new electric cars and bikes.

As per the International Energy Association, the global electric car sales exceeded 5.1 million in 2018 from its preceding year by 2 million units.  Furthermore, according to the European Automobile Manufacturers Association, the European automobile market creates around 14.6 million jobs. Therefore, accounting for approximately 6.7% of all the European Union jobs and 11.5% of the manufacturing jobs in the European Union.

The vehicle manufacturing industry is critical in Europe that where around 18.5 million buses, vans, trucks, and cars are manufactured every year. Moreover, changing economic conditions such as growth in the purchasing power parity (PPP) is leading to increased disposal incomes, coupled with lost cost EMIs and technological advancements in motor vehicles. These advancements are changing by the hour, therefore; the demand for new cars and bikes has been seeing healthy growth.

As per the International Organization of Motor Vehicle Manufacturers, the total number of vehicles sold in 2018 was around 95.1 million.  This highlights the growth potential of the automobile sector in the coming years.  Aerosol paints are used extensively in the automotive manufacturing process since they are easy to use, fast-drying. These paints provide superior paint finishes to various parts of the automobiles such as body panels, doors, exhaust, suspensions, and engines, among others.

Growth in the Construction Sector to Create Upswings for the Market

Construction is expected to be one of the most dynamic sectors globally. It is slated to play a crucial role in the prosperity of society globally in the coming decades. According to Oxford economics, the world construction sector is forecasted to grow by around USD 8 trillion by 2030, driven by the economies such as the U.S, China, and India.

Even though the recent COVID-19 pandemic has put construction activities globally on a halt, with supply and demand-side mismatches causing a delay in the construction activities, the IMF predicts that the construction sector will bounce back, showcasing robust growth in the coming decade. Furthermore, it is predicted that India will grow twice as fast as China in the construction sector. This growth can be attributed to the governments' ambitious smart city projects and Pradhan Mantri Awas Yojana's aims to provide housing for all by the year 2022.

Furthermore, there has been an upsurge in the construction activity in the Middle East as the region is moving away from its oil monopoly and complementing it with other sectors such as tourism, business hub, among others. The 2022 FIFA world cup in Qatar is seeing heavy investments in the construction sector in the region. The growth in the construction sector is expected to create upswings for aerosol sprays that are being extensively used in spray painting of various construction parts and materials that go into the making of indoor and outdoor housing.

North American Market to show a promising growth during the assessment period

North America has been a leader in the field of technological development over the years. Today, the region is one of the key manufacturers and consumers of aerosol spray. As per the International Monetary Fund World Economic, North America ranks first globally in terms of nominal Gross Domestic Product and second in terms of purchasing power parity(PPP) in the year 2018. Furthermore, nominal GDP accounted for around USD 19.40 trillion in the year 2017 and is expected to touch a value of around USD 24.55 trillion by the year 2023.

North America has a vast landscape of trees and wood, which is favorable for the growth of lumbering and allied industries such as the furniture industry. The demand for customized and modular furniture has seen an increased demand in recent times. The region is blessed with various types of forests such as boreal, tundra, montane, among others, which further help in keeping up with the demand and less dependency from other nations.

Furthermore, as per the Agribusiness Consulting study commissioned by the U.S. Hardwood Federation, the total sales of the hardwood products that sold in the year 2016 amounted to around USD 348.1 billion. This highlights the growing potential of the furniture and allied industries and in turn is inclined to create upswings for the market growth for aerosol spray that is used to give high-quality paint finishes on wood.

The construction sector in the U.S. is one of the major contributors to the region's economy and has been witnessing tremendous growth in the recent past. According to the Associated General Contractors of America (AGC), the construction industry created around USD 1.32 trillion worth of structures yearly and employees the sector employs around 7 million people.

The high growth trajectory of the sector can be contributed to the mergers, acquisitions, and large-scale projects in pipelines. For instance, the LaGuardia airport construction is an ongoing project in Queens, New York, which is estimated to cost around USD 8.2 billion and is expected to be completed by 2022. Such developments create growth avenues for the construction sector that uses aerosol sprays extensively in its various construction activities.

Global Aerosol Paint Market: Key Players Covered

  • Aeroaids Corporation
  • DUPLI-COLOR
  • Krylon Products Group
  • Markal
  • Masterchem Industries LLC
  • Montana Colors
  • Nippon Paint (India) Company Limited.
  • Plutonium Paint
  • PPG Industries
  • Rust-Oleum

Aerosol Paint Market: Segmentation

By Product

  • Water-based
  • Solvent-based

 By Application

  • Construction
  • Automotive
  • Furniture
  • Others

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • Germany 
  • France
  • Italy
  • The U.K.
  • The Rest of Europe

Asia-Pacific

  • China 
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of APAC

Central and South America and the Caribbean 

  • Brazil
  • Argentina
  • Colombia
  • Rest of Central and South America and the Caribbean 

The Middle East

  • Saudi Arabia
  • The UAE
  • Qatar
  • Oman
  • Turkey
  • The Rest of the Middle East

Africa 

  • Nigeria
  • South Africa
  • Rest of Africa

Frequently Asked Questions (FAQs)

Growing demand from the furniture, construction, and automotive industry, rising consumer consciousness about the increasing carbon dioxide due to vehicular pollution, growth in the construction sector are the key factors expected to drive Aerosol Paint Market during the forecast period.
Aeroaids Corporation, DUPLI-COLOR, Krylon Products Group, Markal, Masterchem Industries LLC, Montana Colors, Nippon Paint (India) Company Limited., Plutonium Paint, PPG Industries, Rust-Oleum are the top players in Aerosol Paint Market.
North America is expected to hold the highest market share in Aerosol Paint Market.
Automotive Application Segment is expected to be the leading segment in Aerosol Paint Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.