South America Aerosol Paints Market
No. of Pages: 118 | Report Code: TIPRE00024784 | Category: Chemicals and Materials
No. of Pages: 118 | Report Code: TIPRE00024784 | Category: Chemicals and Materials
The aerosol paints market in South America is segmented into Brazil, Argentina, and the rest of SAM. Rest of SAM is contributing significantly to the market growth in relation to the diversification of the application base. Aerosols paints are used to hold liquid droplets in pressurized form. This functional commodity has evolved as a decorative product in recent years. Rising demand for household and consumer goods products in the region is estimated to propel the demand for aerosol paint during the forecast period. SAM encompasses several opportunities for aerosol paints, but industries in this region are less developed than other regions. The rise in population and continuous advancements in the end-use industries such as automotive, construction & manufacturing, packaging, and others have had a positive impact on the economy of Brazil and Argentina.
Brazil has the highest number of COVID-19 cases in South America, followed by Argentina, Colombia, Peru, and Chile among others. Governments of these countries have taken an array of actions to protect their citizens and contain COVID-19 spread. The region is experiencing lower export revenues, both, from the dropping commodity prices and reduction in export volumes, especially due to lowered export performance in China, Europe, and the US. Containment measures in several South American countries have reduced economic activity in the chemicals and materials industries; however, the sector is likely to rebound once the country manages to control the epidemic.
Strategic insights for the South 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 207.78 Million |
| Market Size by 2028 | US$ 273.97 Million |
| Global CAGR (2021 - 2028) | 4.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Raw Material
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South 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 South America is expected to grow from US$ 207.78 million in 2021 to US$ 273.97 million by 2028; it is estimated to grow at a CAGR of 4.0% 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.
In terms of raw material, the Alkyd accounted for the largest share of the South 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
A few major primary and secondary sources referred to for preparing this report on the aerosol paints market in South 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; and AVT Paints Pty Ltd among others.
The South America Aerosol Paints Market is valued at US$ 207.78 Million in 2021, it is projected to reach US$ 273.97 Million by 2028.
As per our report South America Aerosol Paints Market, the market size is valued at US$ 207.78 Million in 2021, projecting it to reach US$ 273.97 Million by 2028. This translates to a CAGR of approximately 4.0% during the forecast period.
The South America Aerosol Paints Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Aerosol Paints Market report:
The South America Aerosol Paints Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Aerosol Paints Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Aerosol Paints Market value chain can benefit from the information contained in a comprehensive market report.
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