Global Aerosol Paints Market Size Likely to Expand at a CAGR of 6.1% By 2033

As per the current market research conducted by CMI Team, the global Aerosol Paints Market size is expected to record a CAGR of 6.1% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 341.1 Million. By 2033, the valuation is anticipated to reach USD 581.2 Million.

Aerosol Paints Market: Growth Factors and Dynamics

• Growing Demand from Automotive Sector: The automotive industry is a significant driver of the aerosol paints market. Increased vehicle production, repair, and customization activities worldwide contribute to the demand for aerosol paints for touch-up, refinishing, and customization purposes.

• Rising Popularity of DIY Culture: The Do-It-Yourself (DIY) trend, especially prevalent in home improvement and crafting activities, fuels the demand for aerosol paints. Consumers are increasingly engaging in DIY projects for home décor, furniture refinishing, and artistic endeavors, driving the market growth.

• Advancements in Resin and Formulation Technologies: Ongoing advancements in resin and formulation technologies lead to the development of aerosol paints with improved performance characteristics such as faster drying times, enhanced durability, and better environmental sustainability. Innovations in low-VOC (Volatile Organic Compound) formulations also cater to the growing demand for eco-friendly products.

• Expansion in Construction and Infrastructure Projects: The expansion of construction and infrastructure projects globally, particularly in emerging economies, boosts the demand for aerosol paints used in architectural coatings, maintenance, and decorative applications. Urbanization and industrialization drive the need for protective coatings for buildings, bridges, and other structures, further propelling market growth.

• Increasing Industrial Activities: Growing industrial activities across various sectors such as manufacturing, aerospace, and marine drive the demand for aerosol paints for machinery, equipment, and industrial structures. The need for corrosion protection, chemical resistance, and aesthetic enhancement in industrial applications contributes to the market expansion.

• Geographical Expansion and Market Penetration: Companies in the aerosol paints market are focusing on geographical expansion and market penetration strategies to capitalize on emerging opportunities. Expansion into untapped regions, strategic partnerships, and investments in distribution networks help companies broaden their customer base and enhance market share, fostering overall market growth.

• Shift Towards Customization and Personalization: There’s a growing consumer preference for customized and personalized products, especially in the automotive and consumer goods sectors. Aerosol paints enable easy customization and personalization of products, allowing consumers to express their individuality through unique color schemes, designs, and finishes.

Aerosol Paints Market: Partnership and Acquisitions

• In 2022, Akzo Nobel N.V. introduced the Dulux Simply Refresh spray paint collection for DIY enthusiasts. Featuring low splatter and low drip technology, this interior washable paint enables consumers to complete projects more efficiently, with a cleaner process and reduced waste.

• In 2021, Nippon Paint Holdings Co., Ltd. launched the PROTECTON BARRIERX SPRAY, incorporating visible light-responsive photocatalyst technology. With a high alcohol content for rapid disinfection, it offers antibacterial and antiviral properties, activated by visible light, ensuring effective performance even in low indoor lighting conditions, complemented by metallic ions.

Report Scope

Aerosol Paints Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Aerosol Paints Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Supply Chain Disruptions: The aerosol paints market experienced disruptions in the supply chain due to lockdown measures, travel restrictions, and factory closures implemented to curb the spread of COVID-19. Delays in the procurement of raw materials, transportation bottlenecks, and workforce shortages affected production capacities, leading to supply shortages and production slowdowns.

• Decreased Demand in End-user Industries: The aerosol paints market witnessed a decline in demand from key end-user industries such as automotive, construction, and industrial manufacturing during the COVID-19 pandemic. Reduced consumer spending, halted construction projects, and lower industrial activities due to economic uncertainties and lockdown measures led to decreased demand for aerosol paints, impacting market growth.

• Focus on Health and Safety: Manufacturers are prioritizing health and safety measures to ensure the well-being of their workforce and customers. Implementing stringent hygiene protocols, providing personal protective equipment (PPE), and adopting contactless delivery options instil confidence among stakeholders and support the safe resumption of operations.

• Diversification of Product Portfolio: To mitigate risks associated with reliance on specific end-user industries, aerosol paint manufacturers are diversifying their product portfolios. Expanding into new applications such as healthcare, consumer electronics, and packaging allows companies to tap into emerging opportunities and reduce dependency on sectors heavily impacted by the pandemic.

• Investment in Digital Marketing and E-commerce: With changes in consumer behavior towards online shopping and digital engagement, aerosol paint companies are investing in digital marketing strategies and e-commerce platforms to reach customers directly. Enhancing online visibility, providing virtual product demonstrations, and offering seamless purchasing experiences enable companies to adapt to shifting market dynamics and maintain customer engagement.

• R&D for Innovative Solutions: Continued investment in research and development (R&D) for innovative aerosol paint formulations and technologies remains crucial for market recovery. Developing eco-friendly formulations, high-performance coatings, and value-added solutions that address evolving customer needs and sustainability concerns can drive demand and differentiation in the post-pandemic market.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Aerosol Paints Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the Aerosol Paints Market:

• Aeroaids Corporation
• Kobra Spray Paint
• LA-CO Industries
• Masco Corporation
• Montana Colors S.L.
• PPG Industries Inc.
• Rust-Oleum (RPM International Inc.)
• Southfield Paints Limited
• The Sherwin-Williams Company
• Nippon Paint Holdings Co. Ltd.
• Others

The Aerosol Paints Market is segmented as follows:

By Application

• Automotive
• Construction
• Industrial
• DIY (Do-It-Yourself)
• Art and Craft
• Others

By Resin Type

• Acrylic
• Epoxy
• Polyurethane
• Alkyd
• Others

By Propellant Type

• Hydrocarbons
• Compressed Air
• Dimethyl Ether (DME)
• Others

By Product

• Water Based
• Solvent Based

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America