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We expect the global aerosol paints market to exhibit a CAGR of around 5% during 2021-2026.
The extensive utilization of aerosol paints in the construction sector based on their high quality, quick-drying, and easy applicability properties, is primarily catalyzing the global aerosol paints market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous construction activities, thereby limiting the demand for aerosol paints.
Based on the raw material, the global aerosol paints market can be segmented into acrylic, alkyd, epoxy, polyurethane, silicone, and others. Among these, alkyd accounts for the majority of the global market share.
Based on the technology, the global aerosol paints market has been divided into solvent-borne and water-borne. Currently, solvent-borne technology exhibits a clear dominance in the market.
Based on the application, the global aerosol paints market can be categorized into construction, automotive, wooden furniture, architectural coatings, industrial coatings, and others. Among these, the construction sector currently holds the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global aerosol paints market include Aeroaids Corporation, Kobra Spray Paint, LA-CO Industries Inc., Masco Corporation, Montana Colors S.L., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., Rust-Oleum (RPM International Inc.), Southfield Paints Ltd., The Sherwin-Williams Company, and Valspar Corporation.
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