Aerosol Paints Market Size (2024 - 2029)

The aerosol paints market is projected to experience growth over the forecast period, driven by increased residential and commercial construction activities and a rising trend in DIY projects. Despite the initial decline due to the COVID-19 pandemic, the market has shown recovery and is expanding. However, the market's expansion is somewhat constrained by stringent VOC regulations. Opportunities are anticipated from emerging technologies in aerosol paints. The Asia-Pacific region leads the market, with significant demand from countries like China, India, and Japan.

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Market Size of Aerosol Paints Industry

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Aerosol Paints Market - Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.12 Billion
Market Size (2029) USD 1.44 Billion
CAGR (2024 - 2029) 5.23 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Aerosol Paints Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Aerosol Paints Market Analysis

The Aerosol Paints Market size is estimated at USD 1.12 billion in 2024, and is expected to reach USD 1.44 billion by 2029, growing at a CAGR of 5.23% during the forecast period (2024-2029).

The demand for aerosol paints decreased due to COVID-19 owing to the shutdown of manufacturing units, a halt in construction activities, and disruption in the supply chain. Currently, the market has recovered from the pandemic and is growing at a significant rate.

Rising residential and commercial construction activities and increasing usage of aerosol paints in DIY activities are likely to drive the aerosol paints market during the forecast period.

However, stringent VOC regulations are likely to act as restraints for the market.

Nevertheless, emerging technologies for aerosol paints are expected to provide new opportunities for the market.

Asia-Pacific dominates the global market, with robust demand from China, followed by India and Japan.

Aerosol Paints Industry Segmentation

Aerosol paints are the type of paints that are packaged in a pressurized container and sprayed through a nozzle. They are commonly used for various applications, such as graffiti art, automotive touch-ups, DIY projects, building and construction, and more. The pressurized container releases the paint in a fine mist, creating a smooth and even coat on the surface.

The aerosol paints market is segmented by resin, technology, end-user industry, and geography. By resin, the market is segmented into acrylic, epoxy, polyurethane, alkyd, and other resins (polyester, silicone, and vinyl). By technology, the market is segmented into solvent-borne and water-borne. By end-user industry, the market is segmented into automotive, architectural, wood and packaging, transportation, and other end-user industries (wall graffiti, metals, plastics, refrigerators, bicycles, etc.). The report also covers the market size and forecasts for the aerosol paints market in 15 countries across major regions. For each segment, the market sizing and forecasts are done based on value (USD).

Resin
Acrylic
Epoxy
Polyurethane
Alkyd
Other Resins (Polyester, Silicone, and Vinyl)
Technology
Solvent-borne
Water-borne
End-User Industry
Automotive
Architectural
Wood and Packaging
Transportation
Other End-user Industries (Wall Graffiti, Metals, Plastics, Refrigerators, Bicycles, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Aerosol Paints Market Size Summary

The aerosol paints market is poised for significant growth, driven by increasing residential and commercial construction activities and a rising trend in DIY projects. The market, which experienced a downturn due to the COVID-19 pandemic, has since rebounded and is expanding at a steady pace. The architectural segment remains the dominant force in the market, with aerosol paints being extensively used for various finishing applications such as varnishes, primers, and interior and exterior paints. These paints are particularly valued for their ability to provide a consistent finish in hard-to-reach areas and their versatility in offering a wide range of colors and finishes. Despite the positive growth trajectory, the market faces challenges from stringent VOC regulations, although advancements in aerosol paint technologies present new opportunities for expansion.

Asia-Pacific is expected to lead the global aerosol paints market, fueled by robust demand from countries like China, India, and Japan. The region's growth is supported by the booming automotive and construction sectors, with aerosol paints being widely used for vehicle coatings and architectural applications. The automotive industry, in particular, sees a higher demand for aerosol coatings in the aftermarket for customization and detailing purposes. The construction sector's contribution to economic development in China and the ongoing residential projects in Japan further bolster the market's prospects. The market is characterized by its fragmented nature, with key players such as Sherwin Williams, AkzoNobel NV, and Nippon Paint Holdings Co. Ltd actively participating in strategic partnerships and product innovations to enhance their market presence.

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Aerosol Paints Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Residential and Commercial Construction Activities

      2. 1.1.2 Increasing Usage of Aerosol Paints in DIY Activities

    2. 1.2 Restraints

      1. 1.2.1 Stringent VOC Regulations to Hinder the Growth

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Resin

      1. 2.1.1 Acrylic

      2. 2.1.2 Epoxy

      3. 2.1.3 Polyurethane

      4. 2.1.4 Alkyd

      5. 2.1.5 Other Resins (Polyester, Silicone, and Vinyl)

    2. 2.2 Technology

      1. 2.2.1 Solvent-borne

      2. 2.2.2 Water-borne

    3. 2.3 End-User Industry

      1. 2.3.1 Automotive

      2. 2.3.2 Architectural

      3. 2.3.3 Wood and Packaging

      4. 2.3.4 Transportation

      5. 2.3.5 Other End-user Industries (Wall Graffiti, Metals, Plastics, Refrigerators, Bicycles, etc.)

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle East and Africa

Aerosol Paints Market Size FAQs

The Aerosol Paints Market size is expected to reach USD 1.12 billion in 2024 and grow at a CAGR of 5.23% to reach USD 1.44 billion by 2029.

In 2024, the Aerosol Paints Market size is expected to reach USD 1.12 billion.

Aerosol Paints Market Report Snapshots

Aerosol Paints Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)