Aerosol paints, also known as spray paints, are widely used to increase the shelf life of wood, metal, and plastic components in various industries. Pigments, solvents, and propellants are the major raw materials used for manufacturing aerosol paints. The manufacturing process of aerosol paints varies according to the technology, such as solvent-borne and water-borne. Water-borne aerosol paints are formulated with a water-based solution, and solvent-borne aerosol paints are formulated with a solvent or oil-based solution. Aerosol paints are used in applications such as construction, automotive & transportation, wood & furniture, packaging, arts & crafts, and DIY home improvement. Aerosol paint is useful for quick, semi-permanent marking on construction and surveying sites. It offers good resistance to abrasion, corrosion, and solvents and a lustrous protective coating on the surface to which they are applied.
The key factor bolstering the Europe aerosol paints market size is the strong growth of the construction industry in Europe. Aerosol paints offer desired heavy-duty finishes and rust prevention to building and construction sites. According to the European Construction Industry Federation, in the European Union, Germany, France, the UK, Italy, and Spain accounted for more than 70% of total investments in the construction of buildings and other structures. Thus, the significantly growing construction sector in the region is expected to boost the demand for aerosol paints. Moreover, the infrastructure sector is more resilient to the economic cycle as investment mainly comes from local or central governments. The EU infrastructure volumes have shown growth in 2022 (2.4%) and 2023 (3.2%), according to Eurostat. This growth in infrastructure supports total construction volumes in Europe. The Europe aerosol paints market is further fueled by increasing government spending on construction, infrastructures, and rising demand for new homes and building improvements. According to the European Commission, the construction industry is one of the major industries in Europe, contributing ~9% to the region's GDP. The Europe aerosol paints market trends include the development of sustainable aerosol paint solutions.
The stringent regulations concerning the use of aerosol paints are expected to restrain the Europe aerosol paints market growth. The solvent-based aerosol paints emit volatile organic compounds (VOCs)—toxic chemicals that easily evaporate into the air and accumulate in the environment. VOCs can be a risk to human health and the local environment. With rising environmental concerns, government agencies regulated the paints and coating industries in Europe. The region has been at the forefront of regulating VOCs in the paint and coating industry. The European Union (EU) has implemented the VOC Solvents Emissions Directive (SED) to reduce VOC emissions from industrial activities, including the paint and coating industry. The SED sets emission limits for VOCs and mandates industries to use low-VOC or zero-VOC solvents wherever possible.
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Europe Aerosol Paints Market: Strategic Insights
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 2.98 Billion |
| Market Size by 2031 | US$ 4.49 Billion |
| Global CAGR (2023 - 2031) | 5.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Raw Material
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The List of Companies - Europe Aerosol Paints Market