With the emergence and long-term Impact of COVID-19, Global Aerosol Paints Market to reach USD 333.93 million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Aerosol Paints Market points towards a potential rise to USD 333.93 million by 2030. Aerosol paints are a convenient and versatile form of paint packaged in a pressurized container with a valve mechanism that releases the paint as a fine spray when the container is activated. These paints consist of pigments, binders, and solvents, and their unique packaging allows for easy and precise application. Aerosol paints find widespread use in various applications, including automotive refinishing, DIY projects, graffiti art, and industrial coatings. The Aerosol Paints Market is expanding because of factors such as increasing DIY culture, rising construction and infrastructure development and rising automotive industry across the globe.
Geographically, the global Aerosol Paints market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022. In emerging economies such as China, India, Malaysia, Vietnam, and Southeast Asia, key sectors such as automotive, construction, and electrical & electronics are experiencing substantial growth. This surge in end-use industries, coupled with increase in per capita disposable income, is anticipated to drive heightened product consumption. The rapid expansion of these industries is poised to particularly enhance product demand in the developing economies of the region throughout the forecast period.
North America is expected to grow significantly over the forecast period, owing to factors such as the growing trend of DIY projects, rising construction and renovation sectors, and ongoing research and development efforts to improve the quality, durability, and safety of aerosol paints can attract consumers looking for high-performance products.
The global Aerosol Paints market is highly competitive owing to the presence of several key players such as 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 Corporation Aeroaids Corp, and others.
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Key findings of the study suggest:
- Global Aerosol Paints Market is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2023-2030.
- In the Application Segment, Construction emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to surge in end-use industries, coupled with increase in per capita disposable income in the region.
- North America is expected to grow at higher rate owing to growing trend of DIY projects in the region
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Water Based
- Solvent Based
By Application:
- Do-it-Yourself
- Construction
- Automotive
- Wooden Furniture
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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