21/09/2023
According to new research study on “Aerosol Paints Market to 2028 – Global Analysis and Forecast – by Raw Material, Technology, Application and Geography,” the aerosol paints market is projected to reach US$ 3,941.90 million in 2020 and is projected to reach US$ 5,238.49 million by 2028; it is expected to grow at a CAGR of 3.9% from 2021 to 2028. Growing demand for aerosol paints in DIY applications is one of the major factors fueling the aerosol paints market growth. Moreover, wide areas of applications in several end-user industries such as automotive, construction, wood working and others have further propelled the demand for aerosol paints.
Asia Pacific held the largest share of the global aerosol paints market in 2020. Aerosol Paints demand in Asia pacific is expected to grow on account of several factors such as the huge population base, increasing disposable income, and improved living standards. The growth of the automotive refinish market in the region is also expected to further propel the demand for aerosol paints. Moreover, the lockdowns during the pandemic have witnessed a surge in demand for several aerosol paint products for architectural and automotive applications.