SAN FRANCISCO, Nov. 10, 2020
SAN FRANCISCO, Nov. 10, 2020 /PRNewswire/ -- The global aerosol paints market size is anticipated to reach USD 319.8 million by 2027, according to a new report by Grand View Research, Inc., growing at a CAGR of 5.6% from 2020 to 2027. The growing refinishing and customization activities in the automobile sector are projected to drive the product demand over the forecast period. Rising disposable income, especially in the developing markets of Asia Pacific and Central & South America, has increased the affordability among customers to refinish their vehicles.
Key suggestions from the report:
Read 122 page research report with ToC on "Aerosol Paints Market Size, Share & Trends Analysis Report By Product (Water-based, Solvent-based), By Application (Construction, Automotive), By Region (North America, APAC, Europe), And Segment Forecasts, 2020 – 2027" at: https://www.grandviewresearch.com/industry-analysis/aerosol-paints-market
The construction industry is another major application area for paints. Aerosol paints are preferred due to their properties of easy application, quick-drying, and high quality. They can be used for existing or newly constructed structures, which include residential buildings, monuments, public buildings, private offices, and plants & factories. Aerosol paints are widely used for personal purposes in home decor and wall graffiti. The common household applications of aerosol paints include modernizing furniture and refinishing windows & doors.
The market in North America and the U.S. is anticipated to be led by the presence of prominent manufacturers, such as Rust-Oleum, RPM International, Inc., and Kelly-Moore Paints. Heavy investments in infrastructure development, with an emphasis on the regional construction sector in Asia Pacific, North America, and Europe, are expected to boost product demand over the coming years. Green building initiatives, especially in Europe, are anticipated to propel the demand for water-based paints in the coming years.
Grand View Research has segmented the global aerosol paints market on the basis of product, application, and region:
List of Key Players of Aerosol Paints Market
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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