Europe 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: TIPRE00024780 | Pages: 132 | Industry: Chemicals and Materials | Date: Sep 2021
Covid

Market Introduction

The aerosol paint market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Europe has the presence of matured automotive, packaging, industrial, and construction industries and is further supported by a high technology connectivity environment. Additionally, the rising investments in research and development projects by the market players drives the market growth. Moreover, the growing construction sector in various European countries, such as Germany, the UK, France, Russia, and Spain, is projected to increase the demand for aerosol paint during the forecast period. The growing construction and housing sector, rising urbanization, increasing gross domestic product (GDP), and mounting disposable income are propelling the growth of the Europe aerosol paints market.

In Europe, currently the UK, France and Russia are the hardest-hit countries by the coronavirus outbreak. It is estimated to suffer an economic hit due to a lack of revenue from various industries, as the country recorded the highest number of coronavirus cases followed by France, Spain, Italy, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe. The outbreak of the novel coronavirus has negatively affected the growth of the market in the UK and rest of the region. There has been a decrease in sales of aerosol paints products due to decline in end-use industries such as automotive, wood and furniture, and construction sector. Furthermore, the disruption of supply chain has also affected the supply of the product to the market.


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Market Overview and Dynamics

The aerosol paints market in Europe is expected to grow from US$ 1,260.34 million in 2021 to US$ 1,575.21 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. The VOC emissions caused by aerosol paints have harmful effects on humans and on the environment. Manufacturers are making innovations in these paints to reduce the overall emissions and contribute to the environmental sustainability. Krylon, a maker of spray paint for home décor and home improvement, is using sustainable raw materials, such as soy oil, in many of its spray paints. The company has made it a priority to reduce the amount of solvents used in its paint formulations. Krylon’s H20 Latex is the first 100% acrylic latex spray paint that contributes 55% less to smog pollution along with reducing the VOC emissions by 25 to 30%. Elsewhere, Nussbaum, along with Beiersdorf, is developing aerosol cans that are entirely made from recycled aluminum. These are entirely produced by utilizing used beverage cans, and will be available in the market at the end of 2021. Thus, the increasing focus on providing sustainable aerosol paint products for reducing the negative impact on the environment will lead to a lot of innovations and developments by the manufacturers in the next a few years, which is expected to drive the growth of the aerosol paints market during the forecast period.

Key Market Segments

In terms of raw material, the alkyd segment accounted for the largest share of the Europe 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 Europe 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; and AVT Paints Pty Ltd among others.

Reasons to buy report

  • To understand the Europe 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 Europe aerosol paints market
  • Efficiently plan M&A and partnership deals in Europe 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 Europe aerosol paints market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Aerosol Paints Market Segmentation

 

Europe Aerosol Paints Market – By Raw Material

  • Acrylic
  • Alkyd
  • Epoxy
  • Polyurethane
  • Others

Europe Aerosol Paints Market – By Technology

  • Solvent-Borne
  • Water-Borne
  • Others

Europe Aerosol Paints Market – By Application

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

Europe Aerosol Paints Market – By Country

  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe     

Europe 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

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.          Europe Aerosol Paints – Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.3        Expert Opinion

5.          Europe Aerosol Paints Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Up-surging Use of Aerosol Paint in DIY Activities

5.1.2        Fostering Demand from Automotive Industry

5.2        Restraints

5.2.1        Rigorous Regulations Pertaining to Use of Aerosol Paints

5.3        Market Opportunities

5.3.1        Growing Innovations for Packaging of Aerosol Paints

5.4        Future Trend

5.4.1        Increasing Focus Towards Sustainable Aerosol Paint Solutions

5.5        Impact Analysis of Drivers and Restraints

6.          Europe Aerosol Paints – Market Analysis

6.1        Overview

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

7.          Europe Aerosol Paints Market Analysis – By Raw Material

7.1        Overview

7.2        Europe 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.          Europe Aerosol Paints Market Analysis – By Technology

8.1        Overview

8.2        Europe 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.          Europe Aerosol Paints Market Analysis – By Application

9.1        Overview

9.2        Europe 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.       Europe Aerosol Paints Market – Country Analysis

10.1      Overview

10.1.1     Europe Aerosol Paints Market Breakdown, by Country

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

10.1.1.1.1       Germany Aerosol Paints Market Breakdown, by Raw Material

10.1.1.1.2       Germany Aerosol Paints Market Breakdown, by Technology

10.1.1.1.3       Germany Aerosol Paints Market Breakdown, by Application

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

10.1.1.2.1       France Aerosol Paints Market Breakdown, by Raw Material

10.1.1.2.2       France Aerosol Paints Market Breakdown, by Technology

10.1.1.2.3       France Aerosol Paints Market Breakdown, by Application

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

10.1.1.3.1       United Kingdom Aerosol Paints Market Breakdown, by Raw Material

10.1.1.3.2       United Kingdom Aerosol Paints Market Breakdown, by Technology

10.1.1.3.3       United Kingdom Aerosol Paints Market Breakdown, by Application

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

10.1.1.4.1       Italy Aerosol Paints Market Breakdown, by Raw Material

10.1.1.4.2       Italy Aerosol Paints Market Breakdown, by Technology

10.1.1.4.3       Italy Aerosol Paints Market Breakdown, by Application

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

10.1.1.5.1       Russia Aerosol Paints Market Breakdown, by Raw Material

10.1.1.5.2       Russia Aerosol Paints Market Breakdown, by Technology

10.1.1.5.3       Russia Aerosol Paints Market Breakdown, by Application

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

10.1.1.6.1       Rest of Europe Aerosol Paints Market Breakdown, by Raw Material

10.1.1.6.2       Rest of Europe Aerosol Paints Market Breakdown, by Technology

10.1.1.6.3       Rest of Europe Aerosol Paints Market Breakdown, by Application

11.       Europe 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      The Sherwin-Williams Company

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      Kobra Paint - Spray Art Technologies

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      Montana Colors S.L.

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      Nippon Paint Holdings Co., Ltd.

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      AVT Paints Pty 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      PPG Industries Inc.

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      Rust Oleum

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

14.       Appendix

14.1      About The Insight Partners

14.2      Glossary of Terms

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 19.          Rest of Europe 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.           Europe Aerosol Paints Market Segmentation

Figure 2.           Europe Aerosol Paints Market Segmentation – By Country

Figure 3.           Europe 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.           Rest of Europe Held Largest Share of Market

Figure 8.           Europe Aerosol Paints Market, Key Market Players

Figure 9.           Europe: PEST Analysis

Figure 10.        Expert Opinion

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

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

Figure 13.        Europe 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.        Europe 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.        Europe 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 Europe Aerosol Paints Market

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

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

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

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

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

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

Figure 36.        Rest Of Europe Aerosol Paints Market Forecasts to 2028 (US$ Million)

Figure 37.        Impact of COVID-19 Pandemic on Aerosol Paints Market in European Countries

  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.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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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