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(Transportation-News.com, September 26, 2019 ) Market Overview
• Aerosols are solid particles or fine liquid droplets that remain suspended in the air as smoke or fog.
• These non-gaseous bits are having sizes ranging from 0.001 to 100 microns and are produced from artificial and natural sources.
• They find applications in instruments used for calibrating sensors for smoke, fire, air, etc.
• Aerosols are also used in medical care in the form of pain relief sprays and respiratory treatments.
Market Dynamics
• This report covers factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
• The report segments the geographies by region, which include North America, South America, Europe, Asia Pacific, and RoW.
• The United States is one of the largest consumers of aerosol paints owing to increasing construction and automotive applications.
• The report profiles companies including AkzoNobel N.V., Crabtree & Evelyn, Ltd., Henkel AG, PPG Industries, Inc., Proctor & Gamble, Reckitt Benckiser Group plc, C. Johnson & Son, Inc, Sherwin-Williams Company, Thymes, LLC and Unilever PLC.
Market Segmentation
• Aerosol Paints Market is segmented based on Technology into water-borne, solvent-borne and others.
• By End-User, the market is segmented into Construction, Automotive Industry, Wood and Furniture, Food Industry, Household Industry, and Others.
• Increase in the manufacture of vehicles with advanced materials has increased the need for more paint refinishing to provide further life.
• This majorly contributes to the growth of this market.
• Owing to its economic and quality advantages, various architectural applications now use aerosol paints too.
• North America is one market where architectural applications for aerosol paints are on the rise.
• This is because of increasing R&D to produce low cost and less VOC producing paints which drive the market demand.
• By Raw Materials, it is segmented into Epoxy, Alkyd, Acrylic, Polyurethane, Metal/Metal filled, and Others.
• Further, the market is segmented based on Applications such as Industrial Coatings, Architectural Coatings, Speciality Coatings, and Others.
Geographical Analysis
• In India, nearly 70% of paint demand is from the decorative segment, and automotive segment accounts for 66% of industrial paint consumption.
• The VOCs are primary components of asthma-inducing smog.
• The U.S. EPA (Environmental Protection Agency) has implemented a national rule to reduce the ozone-forming potential of VOC emissions from aerosol paints and coatings used.
Competitive Analysis
• In Mar 2008, the rule came into effect that states reactivity limits for 36 different aerosol coating categories which are similar as developed and implemented by CARB (California Air Resources Board) in its California state-wide rule.
• Since the mid-1980s, the aerosol paints industry has faced sales restrictions on aerosol paints and coating products imposed by local and state municipalities.
• Aerosol paints processors, can-filling operations, packaging services, and wholesale distributors are affected by these regulations.
• In the period 2007-2012, the total VOC emissions had a downward trend which was caused by the application of products with the lower content of VOC, e.g. of water-based paints or aerosol coatings.
• As a concern, the legislative regulation limited the content of solvents in the products supplied to the market.
• Due to some amendments proposed to Aerosol paints, the volume of colors may be exempted by limiting the total mass of VOC (tons per year).
• These have resulted in an equivalent VOC emissions reduction of about 3.7 tons per day from Jan 2017.
• So, the VOC emission rules, implementations, and limitations on sales of Aerosol Paints and Coating products have resulted in a decrease in Aerosol Paints market globally.
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