Water-borne is expected to be the fastest growing Segment during the Forecast Period 2021–2028

 According to a new market research study on “South America Aerosol Paints Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Raw Material, Technology, and Application,” is expected to reach US$ 273.97 million by 2028 from US$ 207.78 million in 2021. The market is estimated to grow at a CAGR of 4.0 % from 2021 to 2028. The report provides trends prevailing in the South America aerosol paints market along with the drivers and restraints pertaining to the market growth. Surging demand from automotive industry, boosting use of aerosol paint in DIY activities, and up-raising focus towards sustainable aerosol paint solutions are the major factor driving the growth of the South America aerosol paints market. However, rigid regulations pertaining to use of aerosol paints hinder the growth of South America aerosol paints market.

Brazil has the highest number of COVID-19 cases in South America, followed by Ecuador, Chile, Peru, and Argentina, among others. Governments of these countries have taken an array of actions to protect their citizens and contain COVID-19 spread. The region is experiencing lower export revenues, both, from the dropping commodity prices and reduction in export volumes, especially due to lowered export performance in China, Europe, and the US. Containment measures in several South American countries have reduced economic activity in the chemicals and materials industries; however, the sector is likely to rebound once the country manages to control the epidemic.

The South America aerosol paints market is segmented on the bases of raw material, technology, application, and country. Based on raw material, the market is bifurcated into acrylic, alkyd, epoxy, polyurethane, and others. In 2020 alkyd segment held the largest share in the market and acrylic is expected to be the fastest growing segment during the forecast period. Based on technology, the aerosol paints market is bifurcated into solvent-borne, water-borne, and others. In 2020 solvent-borne segment held the largest share in the market and water-borne segment is expected to be the fastest growing segment during the forecast period. Based on application, the aerosol paints market is bifurcated into construction industry, automotive and transportation, wood and furniture industry, packaging, and others. In 2020 construction industry segment held the largest share in the market and automotive and transportation segment is expected to be the fastest growing segment during the forecast period Similarly, Based on country the market is segmented into Brazil, Argentina, and Rest of South America. In 2020 the Rest of South America held the largest share in the market and Brazil is expected to be the fastest growing country during the forecast period

The Sherwin-Williams Company; Kobra Paint - Spray Art Technologies; Montana Colors S.L.; Nippon Paint Holdings Co., Ltd; PPG Industries Inc.; Rust Oleum; and AVT Paints Pty Ltd are among the leading companies in the South America aerosol paints market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Rust-Oleum announced Color Watch 2019, the collection of spray paint colors which comprises of mix of new neutrals and bright hues to transform everyday items into something extraordinary.

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