North America Aerosol Paints Market

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.

North America Aerosol Paints Strategic Insights

Strategic insights for the North America Aerosol Paints provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Aerosol Paints Report Scope

North America Aerosol Paints Regional Insights

The geographic scope of the North America Aerosol Paints refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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