Aerosol Paints Market Size, Share & Trends Analysis By Product (Water-based, Solvent-based), By Application (Do-it-Yourself, Construction, Automotive, Wooden Furniture, Others), By Region, And Segment Forecasts, 2023 - 2030

Aerosol Paints Market Size, Share & Trends Analysis By Product (Water-based, Solvent-based), By Application (Do-it-Yourself, Construction, Automotive, Wooden Furniture, Others), By Region, And Segment Forecasts, 2023 - 2030

Aerosol Paints Market Growth & Trends

The global aerosol paints market size is anticipated to reach USD 331.7 million by 2030, according to a new report by Grand View Research, Inc., growing at a CAGR of 5.8% over the forecast period. 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.

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.

Aerosol Paints Market Report Highlights

• Solvent-based product segment occupied the largest revenue share in 2022 owing to an increased usage of these paints in the construction and automotive industries
• Water-based paints are also estimated to register a significant growth from 2023 to 2030 as they are safer to use than the solvent-based products
• Automotive was the second-largest application segment in 2022.
• The segment is projected to grow further at the second-fastest CAGR over the forecast period

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