Asia Pacific Aerosol Paints Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Raw Material (Acrylic, Alkyd, Epoxy, Polyurethane, and Others), Technology (Solvent-Borne, Water-Borne, and Others), and Application (Construction Industry, Automotive and Transportation, Wood and Furniture Industry, Packaging, and Others)

Code: TIPRE00024781 | Pages: 136 | Industry: Chemicals and Materials | Date: Sep 2021
Covid

Market Introduction

The aerosol paint market in APAC comprises economies such as China, India, Japan, South Korea, and Australia. Factors such as growing urbanization, increasing manufacturing industries coupled with growing industrialization, and the rising impact of social media offer lucrative opportunities for the key players in the aerosol paint market in these countries. Also, the rapid expansion of end-use industries along with a significant rise in per capita disposable income is expected to boost the product consumption, especially in the developing economies of the region, during the the forecast period. Aerosol paint is extensively used in industries such as automotive, packaging, and construction. Factors such as growth in automotive production, accessibility of cheap raw materials and labor, low taxes, and less stringent environmental regulations are boosting the growth of the aerosol paint market in China. The market is anticipated to witness tremendous growth owing to increasing urbanization coupled with rapid infrastructural developments in emerging economies of Asia Pacific and the introduction of the Environmental Protection Agency (EPA) approved aerosol cleaning products. Thus, the rapidly growing automotive sector and increasing demand for automotive refinish applications is driving the growth of the Asia Pacific aerosol paints market. However, the high cost of the products and the availability of substitute products in the market restrain the market growth. New product development and research & development would provide lucrative opportunities for the market players in the future.

The COVID-19 is anticipated to cause a significant economic loss in Asia Pacific. The consequence and impact are likely to worsen with the spread of the virus. The governments of various Asia Pacific countries imposed lockdown in early 2020 to restrict the spread of the virus, which, in turn, negatively impacted the aerosol paints market revenue, as several companies are undergoing downtime and have driven some companies to work remotely, leading to low productivity and income. The chemical and materials industry is one of the significant sectors suffering severe disruptions such as supply chain breaks, technology events cancellations, office shutdowns, etc. due to the pandemic.


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Market Overview and Dynamics

The aerosol paints market in Asia Pacific is expected to grow from US$ 1,386.70 million in 2021 to US$ 1,911.00 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028. Do it Yourself (DIY) is an activity that comprises decorating, building, modifying, and repairing things at home by oneself without the help of an expert or a professional. Consumers use aerosol paints for household DIY activities. They use these paints to modernize or reinvent their furniture, which helps them save the cost of new furniture. The frames of windows and doors in homes can become worn over a long period of time, and their colors can also be bleached from UV rays. The wooden frames can become coarse and untidy. The bottom of doorframes gets scuffed due to constant footfall. Thus, aerosol paints provide a dual-purpose fix as they repair and modify the window and doorframes and provide a new look to the furniture. In addition, the usage of aerosol paints helps eliminate the cost of purchasing new frames. Doors have marks and scrapes, and the door style goes out of fashion after some period. It becomes costly to replace the door. Aerosol paints can also be used for making various art and craft products. They can be used to paint the gates and fences. The aerosol paint is also used for painting murals. Murals are painted by using aerosol paints or applied directly on a wall, ceiling, or other permanent surfaces. The aerosol paints provide a great effect to the wall art and are easy to use with stencils too. Thus, increased use of aerosol paints in DIY activities drives the market growth.

Key Market Segments

In terms of raw material, the Alkyd accounted for the largest share of the Asia Pacific aerosol paints market in 2020. In term of technology, solvent-borne held a larger market share of the aerosol paints market in 2020. Further, in term of application, the construction industry held a larger market share of the aerosol paints market in 2020

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the aerosol paints market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are The Sherwin-Williams Company; Kobra Paint - Spray Art Technologies; Montana Colors S.L.; Nippon Paint Holdings Co., Ltd; PPG Industries Inc.; Rust Oleum; AVT Paints Pty Ltd; and Aeroaids Corporation among others.

Reasons to buy report

  • To understand the Asia Pacific aerosol paints market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific aerosol paints market
  • Efficiently plan M&A and partnership deals in Asia Pacific aerosol paints market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific aerosol paints market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.

Asia Pacific Aerosol Paints Market Segmentation

 

Asia Pacific Aerosol Paints Market – By Raw Material

  • Acrylic
  • Alkyd
  • Epoxy
  • Polyurethane
  • Others

Asia Pacific Aerosol Paints Market – By Technology

  • Solvent-Borne
  • Water-Borne
  • Others

Asia Pacific Aerosol Paints Market – By Application

  • Construction Industry
  • Automotive and Transportation
  • Wood and Furniture Industry
  • Packaging
  • Others

Asia Pacific Aerosol Paints Market – By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Asia Pacific Aerosol Paints Market – Companies Mentioned

  • The Sherwin-Williams Company
  • Kobra Paint - Spray Art Technologies
  • Montana Colors S.L.
  • Nippon Paint Holdings Co., Ltd
  • PPG Industries Inc.
  • Rust Oleum
  • AVT Paints Pty Ltd
  • Aeroaids Corporation

TABLE OF CONTENTS

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.          Key Takeaways

3.          Research Methodology

3.1        Scope of the Study

3.2        Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.          Asia Pacific Aerosol Paints – Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.3        Expert Opinion

5.          Asia Pacific Aerosol Paints Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Elevating Use of Aerosol Paint in DIY Activities

5.1.2        Widening Demand from Automotive Industry

5.2        Restraints

5.2.1        Binding Regulations Pertaining to Use of Aerosol Paints

5.3        Market Opportunities

5.3.1        Increasing Innovations for Packaging of Aerosol Paints

5.4        Future Trend

5.4.1        Raising Focus Towards Sustainable Aerosol Paint Solutions

5.5        Impact Analysis of Drivers and Restraints

6.          Asia Pacific Aerosol Paints – Market Analysis

6.1        Overview

6.2        Asia Pacific Aerosol Paints Market –Revenue and Forecast to 2028 (US$ Million)

7.          Asia Pacific Aerosol Paints Market Analysis – By Raw Material

7.1        Overview

7.2        Asia Pacific Aerosol Paints Market Breakdown, by Raw Material

7.3        Acrylic

7.3.1        Overview

7.3.2        Acrylic: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

7.4        Alkyd

7.4.1        Overview

7.4.2        Alkyd: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

7.5        Epoxy

7.5.1        Overview

7.5.2        Epoxy: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

7.6        Polyurethane

7.6.1        Overview

7.6.2        Polyurethane: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

7.7        Others

7.7.1        Overview

7.7.2        Others: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

8.          Asia Pacific Aerosol Paints Market Analysis – By Technology

8.1        Overview

8.2        Asia Pacific Aerosol Paints Market Breakdown, by Technology

8.3        Solvent-Borne

8.3.1        Overview

8.3.2        Solvent-Borne: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

8.4        Water-Borne

8.4.1        Overview

8.4.2        Water-Borne: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

8.5        Others

8.5.1        Overview

8.5.2        Others: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

9.          Asia Pacific Aerosol Paints Market Analysis – By Application

9.1        Overview

9.2        Asia Pacific Aerosol Paints Market Breakdown, by Application

9.3        Construction Industry

9.3.1        Overview

9.3.2        Construction Industry: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

9.4        Automotive and Transportation

9.4.1        Overview

9.4.2        Automotive and Transportation: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

9.5        Wood and Furniture Industry

9.5.1        Overview

9.5.2        Wood and Furniture Industry: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

9.6        Packaging

9.6.1        Overview

9.6.2        Packaging: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

9.7        Others

9.7.1        Overview

9.7.2        Others: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

10.       Asia Pacific Aerosol Paints Market – Country Analysis

10.1      Overview

10.1.1     Asia Pacific Aerosol Paints Market Breakdown, by Country

10.1.1.1       Australia Aerosol Paints Market Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1       Australia Aerosol Paints Market Breakdown, by Raw Material

10.1.1.1.2       Australia Aerosol Paints Market Breakdown, by Technology

10.1.1.1.3       Australia Aerosol Paints Market Breakdown, by Application

10.1.1.2       China Aerosol Paints Market Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1       China Aerosol Paints Market Breakdown, by Raw Material

10.1.1.2.2       China Aerosol Paints Market Breakdown, by Technology

10.1.1.2.3       China Aerosol Paints Market Breakdown, by Application

10.1.1.3       India Aerosol Paints Market Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1       India Aerosol Paints Market Breakdown, by Raw Material

10.1.1.3.2       India Aerosol Paints Market Breakdown, by Technology

10.1.1.3.3       India Aerosol Paints Market Breakdown, by Application

10.1.1.4       Japan Aerosol Paints Market Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1       Japan Aerosol Paints Market Breakdown, by Raw Material

10.1.1.4.2       Japan Aerosol Paints Market Breakdown, by Technology

10.1.1.4.3       Japan Aerosol Paints Market Breakdown, by Application

10.1.1.5       South Korea Aerosol Paints Market Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1       South Korea Aerosol Paints Market Breakdown, by Raw Material

10.1.1.5.2       South Korea Aerosol Paints Market Breakdown, by Technology

10.1.1.5.3       South Korea Aerosol Paints Market Breakdown, by Application

10.1.1.6       Rest of Asia Pacific Aerosol Paints Market Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1       Rest of Asia Pacific Aerosol Paints Market Breakdown, by Raw Material

10.1.1.6.2       Rest of Asia Pacific Aerosol Paints Market Breakdown, by Technology

10.1.1.6.3       Rest of Asia Pacific Aerosol Paints Market Breakdown, by Application

11.       Asia Pacific Aerosol Paint Market – Impact of Covid-19

11.1      Impact Assessment of COVID-19 Pandemic

12.       Industry Landscape

12.1      Product Launch

12.2      Merger & Acquisition

12.3      Partnership

12.4      Collaboration

13.       Company Profiles

13.1      Aeroaids Corporation

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      The Sherwin-Williams Company

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Kobra Paint - Spray Art Technologies

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Montana Colors S.L.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Nippon Paint Holdings Co., Ltd.

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      AVT Paints Pty Ltd

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      PPG Industries Inc.

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Rust Oleum

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

14.       Appendix

14.1      About The Insight Partners

14.2      Glossary of Terms

LIST OF TABLES

Table 1.            Asia Pacific Aerosol Paints Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.            Australia Aerosol Paints Market Revenue and Forecasts to 2028 – By Raw Material (US$ Million)

Table 3.            Australia Aerosol Paints Market Revenue and Forecasts to 2028 – By Technology (US$ Million)

Table 4.            Australia Aerosol Paints Market Revenue and Forecasts To 2028 – By Application (US$ Million)

Table 5.            China Aerosol Paints Market Revenue and Forecasts to 2028 – By Raw Material (US$ Million)

Table 6.            China Aerosol Paints Market Revenue and Forecasts to 2028 – By Technology (US$ Million)

Table 7.            China Aerosol Paints Market Revenue and Forecasts to 2028 – By Application (US$ Million)

Table 8.            India Aerosol Paints Market Revenue and Forecasts to 2028 – By Raw Material (US$ Million)

Table 9.            India Aerosol Paints Market Revenue and Forecasts to 2028 – By Technology (US$ Million)

Table 10.          India Aerosol Paints Market Revenue and Forecasts to 2028 – By Application (US$ Million)

Table 11.          Japan Aerosol Paints Market Revenue and Forecasts to 2028 – By Raw Material (US$ Million)

Table 12.          Japan Aerosol Paints Market Revenue and Forecasts to 2028 – By Technology (US$ Million)

Table 13.          Japan Aerosol Paints Market Revenue and Forecasts to 2028 – By Application (US$ Million)

Table 14.          South Korea Aerosol Paints Market Revenue and Forecasts to 2028 – By Raw Material (US$ Million)

Table 15.          South Korea Aerosol Paints Market Revenue and Forecasts to 2028 – By Technology (US$ Million)

Table 16.          South Korea Aerosol Paints Market Revenue and Forecasts to 2028 – By Application (US$ Million)

Table 17.          Rest of Asia Pacific Aerosol Paints Market Revenue and Forecasts to 2028 – By Raw Material (US$ Million)

Table 18.          Rest of Asia Pacific Aerosol Paints Market Revenue and Forecasts to 2028 – By Technology (US$ Million)

Table 19.          Rest of Asia Pacific Aerosol Paints Market Revenue and Forecasts to 2028 – By Application (US$ Million)

Table 20.          Glossary of Terms, Aerosol Paints Market

LIST OF FIGURES

Figure 1.           Asia Pacific Aerosol Paints Market Segmentation

Figure 2.           Asia Pacific Aerosol Paints Market Segmentation – By Country

Figure 3.           Asia Pacific Aerosol Paints Market Overview

Figure 4.           Alkyd Segment Held Largest Share of Market

Figure 5.           Solvent-Borne Segment Held Largest Share of Market

Figure 6.           Construction Industry Segment Held Largest Share of Market

Figure 7.           China Held the Largest Share of Asia Pacific Aerosol Paints Market

Figure 8.           Aerosol Paints Market, Key Market Players

Figure 9.           Asia Pacific: PEST Analysis

Figure 10.        Expert Opinion

Figure 11.        Asia Pacific Aerosol Paints Market Impact Analysis of Drivers and Restraints

Figure 12.        Asia Pacific: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Asia Pacific Aerosol Paints Market Breakdown, By Raw Material, 2020 & 2028 (%)

Figure 14.        Acrylic: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Alkyd: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Epoxy: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Polyurethane: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Others: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Asia Pacific Aerosol Paints Market Breakdown, by Technology, 2020 & 2028 (%)

Figure 20.        Solvent-Borne: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Water-Borne: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Others: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Asia Pacific Aerosol Paints Market Breakdown, by Application, 2020 & 2028 (%)

Figure 24.        Construction Industry: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Automotive and Transportation: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Wood and Furniture Industry: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Packaging: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Others: Aerosol Paints Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Geographic Overview of Asia Pacific Aerosol Paints Market

Figure 30.        Asia Pacific Aerosol Paints Market Breakdown, by Country, 2020 & 2028(%)

Figure 31.        Australia Aerosol Paints Market Forecasts to 2028 (US$ Million)

Figure 32.        China Aerosol Paints Market Forecasts to 2028 (US$ Million)

Figure 33.        India Aerosol Paints Market Forecasts to 2028 (US$ Million)

Figure 34.        Japan Aerosol Paints Market Forecasts to 2028 (US$ Million)

Figure 35.        South Korea Aerosol Paints Market Forecasts to 2028 (US$ Million)

Figure 36.        Rest of Asia Pacific Aerosol Paints Market Forecasts to 2028 (US$ Million)

Figure 37.        Impact of COVID-19 Pandemic on Aerosol Paints Market in Asia Pacific

  1. The Sherwin-Williams Company
  2. Kobra Paint - Spray Art Technologies
  3. Montana Colors S.L.
  4. Nippon Paint Holdings Co., Ltd.
  5. PPG Industries Inc.
  6. Rust Oleum
  7. AVT Paints Pty Ltd.
  8. Aeroaids Corporation                                              
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific aerosol paints market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific aerosol paints market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the aerosol paints market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 
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