Aerosol Paints Market Size & Growth Analysis to 2030

The global aerosol paints market size is anticipated to register a significant CAGR of around 5.5% during the forecast period from 2024 to 2030. The market is experiencing robust growth driven by a multitude of interconnected factors. Urbanization and expanding infrastructure projects globally fuel the demand for aerosol paints in architectural coatings and industrial applications. Concurrently, the automotive industry’s emphasis on vehicle customization and refinishing contributes to the market’s vitality. The rise of the do-it-yourself (DIY) culture, coupled with consumers’ increasing awareness of environmental sustainability, propels demand for user-friendly and eco-friendly aerosol paints. Technological advancements and innovations in product formulations further enhance the market, providing paints with superior properties. The thriving e-commerce landscape facilitates easy access to a diverse array of aerosol paint products, while the resurgence of artistic expression and crafting activities fosters additional market expansion. This intricate interplay of factors showcases the market’s adaptability to evolving consumer lifestyles, industry trends, and environmental considerations, positioning aerosol paints as versatile solutions across various applications and sectors.

Market Snapshot:

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Market Drivers:

• The aerosol paints market is influenced by a myriad of driving factors that collectively shape its growth trajectory and dynamics. One of the primary catalysts is the escalating construction and infrastructure development activities observed globally. As urban centers expand and infrastructural projects proliferate, the demand for aerosol paints for architectural coatings, metal finishes, and wood protection intensifies. This trend is further amplified by the evolving aesthetic preferences of consumers and businesses alike, emphasizing the need for versatile and durable paint solutions.
• Moreover, the automotive industry’s ongoing transformations contribute significantly to the aerosol paints market. The burgeoning trend of vehicle customization and the imperative for automotive refinishing propel the demand for aerosol paints tailored for touch-ups, repairs, and aesthetic enhancements. This intersection between automotive trends and paint applications underscores the market’s adaptability to industry-specific needs and consumer preferences.
• Furthermore, the surge in do-it-yourself (DIY) culture, especially in home improvement and crafting sectors, signifies another pivotal driving factor. As individuals increasingly engage in DIY projects, the demand for user-friendly aerosol paints escalates, catering to a diverse range of applications from furniture restoration to artistic endeavors. This consumer-driven trend underscores the market’s responsiveness to evolving lifestyles and creative pursuits.
• Simultaneously, the relentless pace of urbanization and industrialization in emerging economies amplifies the market’s growth trajectory. As cities expand and industries flourish, the need for aerosol paints for infrastructure development, maintenance, and industrial applications surges, reflecting the market’s intrinsic ties to broader economic and developmental trends.
• Additionally, shifting consumer preferences towards environmentally sustainable products and formulations have reshaped the aerosol paints landscape. The escalating awareness of environmental sustainability, coupled with stringent regulations, has propelled innovations in water-based and low-VOC aerosol paint formulations. This sustainability-driven shift underscores the industry’s commitment to eco-friendly practices and resonates with environmentally conscious consumers.
• Furthermore, continuous advancements in product formulations, propelled by research and development initiatives, foster innovation and market growth. The introduction of aerosol paints with enhanced adhesion, rapid drying capabilities, and superior durability exemplifies the industry’s commitment to product excellence and consumer satisfaction.

Market Opportunities:

• Green and Sustainable Solutions: Growing consumer awareness and environmental consciousness create opportunities for manufacturers to develop and market aerosol paints with low volatile organic compounds (VOCs) and environmentally friendly formulations. Meeting the demand for sustainable solutions can be a key differentiator in the market.
• Customization and Specialty Finishes: The increasing trend of customization, particularly in the automotive and DIY segments, opens opportunities for aerosol paint manufacturers to offer a wide range of colors, finishes, and specialty formulations. Customized and unique paint options cater to the diverse preferences of consumers engaged in personal and artistic projects.
• Technological Advancements: Ongoing advancements in aerosol paint technology, including improved formulations, faster drying times, and enhanced durability, present opportunities for manufacturers to stay ahead of the competition. Investing in research and development to create innovative products can lead to a competitive edge.
• Industrial Applications: Increasing industrialization globally offers opportunities for aerosol paints in industrial applications, including machinery coatings, equipment maintenance, and facility management. Developing specialized formulations tailored to industrial needs can tap into this growing market segment.
• DIY and Home Improvement Trends: The flourishing DIY and home improvement culture create opportunities for aerosol paint manufacturers to offer user-friendly products for various projects. Developing easy-to-use aerosol paints that cater to the DIY consumer base can capitalize on this trend.
• Art and Craft Segment: The resurgence of interest in artistic expression, graffiti, and craft activities provides opportunities for aerosol paint manufacturers to create products specifically designed for artistic applications. Collaborations with artists and influencers can further enhance brand visibility in this segment.

Market Insights:

The global aerosol paints market is bifurcated into resin, product type, end-use industry, and geography. On the basis of resin, the market is further segmented into acrylic, alkyd, epoxy, polyurethane, and others. The acrylic segment in the market has been experiencing notable growth, driven by several key factors. Acrylic-based aerosol paints are renowned for their versatility and fast-drying properties, making them highly sought after, particularly in the do-it-yourself (DIY) and consumer sectors. The ease of application and quick drying times of acrylic paints have positioned them as a preferred choice for home improvement projects, craftwork, and small-scale renovations.

Additionally, the acrylic segment has seen an upsurge in decorative and artistic applications, with artists and craftsmen favoring these paints for their vibrant colors and compatibility with various surfaces. Innovations in acrylic formulations, aimed at enhancing properties such as adhesion, durability, and weather resistance, contribute to the segment’s sustained growth. Furthermore, the environmentally friendly nature of acrylic aerosol paints, with lower volatile organic compound (VOC) levels, aligns with the increasing emphasis on eco-friendly solutions. As the DIY culture continues to thrive and emerging regions witness economic development and urbanization, the acrylic segment is poised for further expansion, cementing its position as a significant and growing player in the aerosol paints market.

• Acrylic: Acrylic resins are widely used in aerosol paints due to their versatility and fast-drying characteristics. Aerosol paints formulated with acrylic resins offer good adhesion to various surfaces, resistance to weathering, and a durable finish. These paints are often chosen for their ability to provide vibrant colors and excellent color retention.
• Alkyd: Alkyd resins are known for their glossy finish and versatility in aerosol paints. Aerosol paints with alkyd resins are popular in decorative applications and provide a smooth, lustrous appearance. They are valued for their durability, especially in applications where a glossy finish is desired, such as furniture or trim coatings.
• Epoxy: Epoxy resins contribute excellent adhesion and chemical resistance to aerosol paints. Aerosol paints with epoxy resins are commonly used in industrial applications, including metal coatings, where corrosion resistance and robust protection are crucial. Epoxy-based aerosol paints are known for their high-performance characteristics.
• Polyurethane: Polyurethane resins are favored for their exceptional durability and resistance to abrasion, making them suitable for high-wear applications. Aerosol paints formulated with polyurethane resins are often chosen for automotive coatings, outdoor furniture, and other surfaces that require long-lasting protection against weathering and physical impact.
• Others: The category of “Others” may include various specialty resins or hybrid formulations that combine different resin types to achieve specific performance attributes. Specialty resins may be selected based on factors such as enhanced flexibility, UV resistance, or unique aesthetic properties, providing customized solutions for specific applications.

The aerosol paints market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Resin:

• Acrylic
• Alkyd
• Epoxy
• Polyurethane
• Others

By Product Type:

• Solvent-based
• Water-based
• Others

By End-Use Industry:

• Construction
• Automotive
• Wooden Furniture
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

Geographically, the Asia Pacific dominated the global aerosol paints market in the benchmark year and estimated to hold the largest revenue share of around 1/3 market share by 2030. The dominance is attributed to a confluence of dynamic factors propelling its robust growth. Rapid urbanization and substantial infrastructure development across countries like China and India have triggered an increased demand for aerosol paints in architectural coatings, industrial applications, and maintenance projects. This surge is further fueled by the burgeoning middle-class population, as rising consumer spending on home improvement and decorative endeavors bolsters the market’s prominence. The region’s thriving manufacturing and automotive sectors contribute significantly to the dominance, with the need for industrial aerosol paints for machinery, equipment, and automotive refinishing driving substantial market share.

Anticipated to grow at the fastest Compound Annual Growth Rate (CAGR), the aerosol paints market in the Asia Pacific region is poised to benefit from the increasing awareness among consumers and the burgeoning do-it-yourself (DIY) culture. As disposable income levels rise and economic growth persists, consumers are allocating resources to non-essential expenditures, spurring demand for aerosol paints in applications where visual appeal and ease of application are paramount. Additionally, the region’s preference for convenience, ready-to-use products, and the globalization of industries further solidify its dominance in the aerosol paints market, establishing Asia Pacific as a pivotal player in the industry’s growth trajectory.

Competitive Assessment:

Some of the prominent market players operating in the global aerosol paints market are Nippon Paint Holdings Co., Ltd., Masco Corp., Dupli-Color Products Company, LA-CO Industries, Inc., and Krylon Products Group. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Recent Developments:

• In 2023, Diamond Vogel completed the acquisition of N92 Menomonee Falls, LLC, a subsidiary of The Sherwin-Williams Company. This strategic move enables Diamond Vogel to leverage the expertise and product facility of N92 Menomonee Falls, LLC, in aerosol manufacturing. The acquisition is aimed at expanding Diamond Vogel’s product portfolio and strengthening its global market presence.
• In 2022, Akzo Nobel N.V. introduced the Dulux Simply Refresh spray paint collection for the Do-It-Yourself (DIY) paints category. This innovative offering incorporates low splatter and low drip technology, enhancing the efficiency of DIY projects. The ready-to-use interior washable paint facilitates a cleaner process and reduces waste, providing consumers with a convenient solution for their painting needs.
• In 2022, BRIOLF GROUP acquired aerosol manufacturer ARECO ITALIA S.P.A. This acquisition is part of BRIOLF GROUP’s strategy to expand its international market presence, tapping into the capabilities and resources of ARECO ITALIA S.P.A.
• BEHR Process Corporation launched BEHR PREMIUM Spray Paint in June 2022, featuring 51 shades, including new metallic and textured finishes. This aerosol spray paint combines primer and paint capabilities within a single can, ensuring a high-quality, durable finish. Designed for both indoor and outdoor use, the product aims to revitalize furniture and décor items with efficiency and ease.
• Krylon Products Group introduced a new range of aerosol craft sprays in June 2021. Ideal for rejuvenating furniture and decorative items, these sprays come in a variety of brilliant and pale tones. With quick-drying properties, the product is suitable for craft foam and can be used indoors and outdoors. The extensive color options, including satin matcha green, gloss olive oil, satin velvet pine, and satin buttered hazelnut, provide creative flexibility.

Key Companies:

• 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

Key Questions Answered by Aerosol Paints Market Report

• Global aerosol paints market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Aerosol paints submarket forecasts from 2023-2030 covering the market by resin, product type, end-use industry, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level aerosol paints markets from 2023-2030
• Competitive Landscape and market positioning of top 10 players operating in the market