Tuesday, 02 January 2024 12:17 GMT

Aerosol Paint Market Share, Demand & Growth Forecast By 2033


(MENAFN- Straits Research) Introduction

Aerosol paint, commonly known as spray paint, is a type of paint stored in a pressurized can and released as a fine mist when sprayed. It offers a smooth, even coat without the need for brushes or rollers, making it a popular choice for automotive touch-ups, industrial coatings, and artistic applications. Aerosol paints dry quickly and come in various finishes, including matte, glossy, and metallic. While traditional formulations use solvent-based chemicals, newer variants focus on low-VOC and water-based compositions to meet environmental standards and reduce emissions.

Market Dynamics Increased construction and renovation activities drive the global market

The rising construction and renovation activities, particularly in residential and commercial sectors, are driving the growth of the global aerosol paint market. With rapid urbanization and large-scale infrastructure developments, aerosol paints have become a preferred choice for quick and efficient coatings on surfaces such as walls, metals, and wood.

  • For instance, in the July - September quarter of 2024, India's construction sector grew by 13.3% year-over-year, a significant jump from 7.9% in the previous quarter, marking its strongest performance in five quarters. This surge was fueled by a booming housing market, with home sales across the seven largest cities increasing by 36% during the period, despite an 8%-18% rise in property prices.

Such rapid expansion is driving demand for aerosol paints, which offer a convenient solution for touch-ups, decorative finishes, and protective coatings. As construction and renovation projects continue to grow globally, the aerosol paint market is poised for further expansion.

Integration of smart packaging & spray technology

The global aerosol paint market is witnessing significant advancements with the integration of smart packaging and innovative spray technology, enhancing user convenience and efficiency. Companies are incorporating digital features such as QR codes, AR applications, and pressure-sensitive valves to improve spray performance and provide better control.

  • For example, in April 2023, Rust-Oleum launched the Custom Spray 5-in-1, an innovative spray paint technology that allows users to easily switch between different spray patterns using a simple dial adjustment. This cutting-edge system offers five distinct spray settings, including fan, cone, and vertical/horizontal sprays, ensuring greater precision for various applications.

These advancements are fueling demand among DIY enthusiasts and professionals, driving market growth.

Regional Analysis

Asia-Pacific leads the global aerosol paint market due to rapid urbanization, infrastructure development, and growing automotive production. Countries like China and India are experiencing increased demand for aerosol paints in construction and automotive refinishing. The booming real estate sector, supported by government initiatives like India's Smart Cities Mission, is driving demand for easy-to-use spray paints.

Moreover, the rising DIY trend among consumers, particularly in Japan and South Korea, is expanding the market. With major manufacturers establishing production facilities in China and Vietnam, the region benefits from lower manufacturing costs and high consumption rates, securing its position as the dominant market.

Key Highlights

  • The global aerosol paint market size was valued at USD 237.97 million in 2024 and is estimated to grow from USD 252.17 million in 2025 to reach USD 401.02 million by 2033, growing at a CAGR of 5.97% during the forecast period (2025–2033).
  • By product, the global aerosol paint market is segmented into solvent-based paints, water-based paints, specialty paints, and others. The solvent-based segment owns the highest market share.
  • By technology, the market is segmented into conventional aerosol sprays, high volume low pressure (HVLP) sprays, and low VOC sprays. The conventional segment dominates the global market.
  • By end-user, the global aerosol paint market is segmented into automotive, construction, industrial, arts & craft, and others. The automotive segment owns the highest market share.
  • By sales channels, the global aerosol paint market is segmented into supermarkets, specialty stores, online retail, and direct sales/distributors. The online retail segment dominates the global market.
  • Asia-Pacific is the highest shareholder in the global market.

Competitive Players

  • 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
  • Aeroaids Corp

    Recent Developments

    • In February 2024, Nippon Paint India, a subsidiary of Nippon Paint Holdings Co. Ltd, entered into a long-term collaboration with Snapdeal, a leading e-commerce platform. Through this partnership, Nippon Paint India's full range of aerosol spray paints, including the Pylac 1000 Rainbow series, became available on Snapdeal at exclusive pricing, ensuring customers easy access to high-quality spray paints.

    Segmentation

  • By Product
  • Solvent-Based Paints
  • Water-Based Paints
  • Specialty Paints
  • Others
  • By Technology
  • Conventional Aerosol Sprays
  • High Volume Low Pressure (HVLP) Sprays
  • Low VOC Sprays
  • By End-User
  • Automotive
  • Construction
  • Industrial
  • Art & Craft
  • Others
  • By Sales Channel
  • Supermarkets
  • Specialty Stores
  • Online Retail
  • Direct Sales/Distributors
  • By Regions
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

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