Press release
Spray Paint Market Size is Thriving Worldwide with a CAGR of 5.24% 2030 | Reports and Data
The global spray paint market size was significantly robust in 2021 and is expected to register a revenue CAGR of 5.24% during the forecast period. Market revenue growth is primarily driven by its application in plastics-like models or miniatures, growing popularity of street graffiti, increasing usage for coloring, and removing rust and dents from automobiles.Spray paint, also known as aerosol paint, is color discharged from a sealed, pressurized container in the form of a swift outflow. It is preferred for usage as it leaves a smoother and more even layer of paint as opposed to alternative methods. Different cans of standardized sizes can be procured with required customizations as they are lightweight, portable, affordable, and simple to store, making it a preferred option. In addition, it can be used on bare metal and various polymers including plastics making it more useful. It is implemented in updating furniture and appliances, owing to advantages of re-spraying including cost saving.
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The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Spray Paint Market is expected to rise in the coming years.
Major Companies in the Market include:
Dupli-Color (U.S.)
Krylon (U.S.)
Dem-Kote (U.S.)
Tulip Spray Paints (U.S.)
Sherwin-Williams (U.S.)
CRC Industries (U.S.)
PPG Industries, Inc. (U.S.)
Chugoku Marine Paints, Ltd. (Japan)
Hempel A/S (Denmark)
Kansai Paint Co., Ltd. (Japan)
The European Region to Holds Largest Share in the Global Spray Paint Market:
The European region is expected to register a significant growth of revenue over the forecast period attributable to increased usage of commodity in maintenance of home furnishings. Spray paint is excellent for metal restoration, making it ideal for machines that have lost their luster, while its implementation in minor things, such as doorknobs, benefits its demand. It is beneficial for metal chairs and table sets to make them shine and appear more luxurious and can be used in varied colors, such as silver and gold, to create a high-end effect in appliances.
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Type Outlook (Revenue, USD Billion; 2019-2030)
Manual spray paint
Automatic spray paint
Application Outlook (Revenue, USD Billion; 2019-2030)
Automotive
Aerospace & defense
Chemical
Others
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Significant Features that are under Offering and Key Highlights of the Reports:
- Detailed overview of the Spray Paint Market
- Changes in industry market dynamics
- Detailed market segmentation by type, application, etc.
- Historical, current and projected market size in terms of quantity and value
- Recent industry trends and developments
- Competition situation of Spray Paint Market
- Key companies and product strategies
- Potential niche segment/region showing promising growth.
Finally, the Spray Paint Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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