North America 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: TIPRE00024778 | Pages: 128 | Industry: Chemicals and Materials | Date: Sep 2021
Covid

Market Introduction

North America constitutes economies such as the US, Canada, and Mexico. In the region, the US is a major aerosol paint market, followed by Canada and Mexico. North America largely supports the market growth through effective manufacturing and trade policies. The wide spread usage of architectural coating in construction industries is influencing the market growth. The companies operating in the aerosol paints market in the region continuously develop their overall business products. Several domestic and international companies have a strong foothold in North America. Also, the presence of prominent market players, such as PPG Industries, Krylon Products Group, and Valspar, and the popular trend of Do-It-Yourself (DIY) activities for household and vehicle refurbishing activities drive the market growth in the region. In addition, there is an ascending demand for customized vehicles in the region that includes the use of these paints to offer the desired aesthetic look. This factor propels the demand for aerosol paints in the regional automotive market.

The US has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is negatively impacting the consumer goods industry in the region as the COVID-19 outbreak negatively affects the supply and distribution chain. The unavailability of raw materials due to lockdown in many raw material supplying countries has halted the production. Due to the growing number of cases in North America, many ongoing projects considered essential by the government authorities were not stopped, but new residential construction licenses were suspended. In addition to this, with the World Health Organization declaring the COVID-19 outbreak a pandemic, an unprecedented global disruption is at hand. Automobile and component manufacturing plants are being shuttered worldwide, consumer footfalls in showrooms have fallen sharply, vehicle sales are dropping dramatically, and almost every major industry event is either cancelled or going the digital way. Henceforth, the demand for aerosol paint is experiencing a negative impact owing to the said.


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Market Overview and Dynamics

The aerosol paints market in North America is expected to grow from US$ 849.19 million in 2021 to US$ 1,100.08 million by 2028; it is estimated to grow at a CAGR of 3.8% from 2021 to 2028. The manufacturers are developing new packaging options to improve the overall consumer experience. Many manufacturers are working and developing innovative solutions for an actuator or a spray head present on the aerosol spray can. On June 21, 2021, the Lindal Group developed and launched Flip440, a new spray head that includes an attached overhead cap. This design incorporates a hinged overcap, which ensures that the cap cannot get misplaced or lost when the product is in use. The hinged overcap also eliminates the chance of accidental actuation, which plays a vital role when dealing with technical products. It also helps in preventing skin irritations. In accordance with this innovation, Jinxing Aerosol Valve developed the Jinxing Aerosol Valve Spray Paint. The actuator designed for the innovative spray paint consists of two primary components—a chassis model and an overcap. The chassis features a large finger pad, which alleviates finger fatigue. The intuitive design also prevents accidental spraying via a locking system that is engaged when the cap is twisted 90 degrees. The innovations provide product differentiation to the manufacturers from the competitors in the market, while also making it easy to use, which is one of the key attributes sought by the consumers. Such innovations are making the use of aerosol paints convenient in DIY activities and in industries for manufacturing process. Thus, these innovations would propel the demand for aerosol paints from consumers due to its consumer-centric features, which would create lucrative opportunities for the aerosol paints market in coming years.

Key Market Segments

In terms of raw material, the alkyd segment accounted for the largest share of the North America 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 North America 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; Masterchem Industries LLC; Plutonium Paint; and AVT Paints Pty Ltd among others.

Reasons to buy report

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

North America Aerosol Paints Market Segmentation

 

North America Aerosol Paints Market – By Raw Material

  • Acrylic
  • Alkyd
  • Epoxy
  • Polyurethane
  • Others

North America Aerosol Paints Market – By Technology

  • Solvent-Borne
  • Water-Borne
  • Others

North America Aerosol Paints Market – By Application

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

North America Aerosol Paints Market – By Country

  • US
  • Canada  
  • Mexico     

North America 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
  • Masterchem Industries LLC
  • Plutonium Paint
  • 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.          North America Aerosol Paints Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.3        Expert Opinion

5.          North America Aerosol Paints Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Raising Use of Aerosol Paint in DIY Activities

5.1.2        Up-lifting Demand from Automotive Industry

5.2        Restraints

5.2.1        Strict 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.          North America Aerosol Paints – Market Analysis

6.1        Overview

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

7.          North America Aerosol Paints Market Analysis – By Raw Material

7.1        Overview

7.2        North America 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.          North America Aerosol Paints Market Analysis – By Technology

8.1        Overview

8.2        North America 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.          North America Aerosol Paints Market Analysis – By Application

9.1        Overview

9.2        North America 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.       North America Aerosol Paints Market – Country Analysis

10.1      Overview

10.1.1     North America Aerosol Paints Market Breakdown, by Country

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

10.1.1.1.1       US Aerosol Paints Market Breakdown, by Raw Material

10.1.1.1.2       US Aerosol Paints Market Breakdown, by Technology

10.1.1.1.3       US Aerosol Paints Market Breakdown, by Application

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

10.1.1.2.1       Canada Aerosol Paints Market Breakdown, by Raw Material

10.1.1.2.2       Canada Aerosol Paints Market Breakdown, by Technology

10.1.1.2.3       Canada Aerosol Paints Market Breakdown, by Application

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

10.1.1.3.1       Mexico Aerosol Paints Market Breakdown, by Raw Material

10.1.1.3.2       Mexico Aerosol Paints Market Breakdown, by Technology

10.1.1.3.3       Mexico Aerosol Paints Market Breakdown, by Application

11.       North America 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      Masterchem Industries LLC

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      Plutonium Paint

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      AVT Paints Pty Ltd

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      PPG Industries Inc.

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

13.9      Rust Oleum

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

14.       Appendix

14.1      About The Insight Partners

14.2      Glossary of Terms

LIST OF TABLES

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

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

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

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

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

Table 6.            Canada Aerosol Paints Market by Technology – Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

Table 11.          Glossary of Terms, Aerosol Paints Market

LIST OF FIGURES

Figure 1.           North America Aerosol Paints Market Segmentation

Figure 2.           North America Aerosol Paints Market Segmentation – By Country

Figure 3.           North America Aerosol Paints Market Overview

Figure 4.           Alkyd Segment Held Largest Share of North America Aerosol Paints Market

Figure 5.           Solvent-Borne Segment Held Largest Share of North America Aerosol Paints Market

Figure 6.           Construction Industry Segment Held Largest Share of North America Aerosol Paints Market

Figure 7.           The US Held Largest Share of North America Aerosol Paints Market

Figure 8.           North America Aerosol Paints Market, Key Market Players

Figure 9.           North America PEST Analysis

Figure 10.        Expert Opinion

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

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

Figure 13.        North America 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.        North America 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.        North America 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 North America Aerosol Paints Market

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

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

Figure 32.        Canada Aerosol Paints Market Forecasts To 2028 (US$ Million)

Figure 33.        Mexico Aerosol Paints Market Forecasts To 2028 (US$ Million)

Figure 34.          Impact of COVID-19 Pandemic on Aerosol Paint Market in North American 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. Masterchem Industries LLC
  8. Plutonium Paint
  9. AVT Paints Pty Ltd
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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