Europe Aerosol Paints Market Growth and Recent Trends by 2031

The Europe aerosol paints market was valued at US$ 2.98 billion in 2023 and is projected to reach US$ 4.49 billion by 2031; it is anticipated to record a CAGR of 5.3% from 2023 to 2031.

Market Insights and Analyst View:

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.

Growth Drivers and Challenges:

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

Europe Aerosol Paints Market

• Market Size 2023
  US$ 2.98 Billion
• Market Size 2031
  US$ 4.49 Billion

Market Dynamics

GROWTH DRIVERS

• Strong Growth of Construction Industry in Europe
• Rising Demand for Aerosol Paints from Automotive Industry

FUTURE TRENDS

• Sustainable Aerosol Paint Solutions

OPPORTUNITIES

• Rising Trend of DIY

Regional Overview

• Europe

Market Segmentation

Raw Material

• Acrylic
• Alkyd
• Epoxy
• Polyurethane

Technology

• Solvent-Borne and Water-Borne

Application

• Construction Industry
• Automotive & Transportation
• Wood & Furniture Industry
• Packaging
• Arts & Crafts
• DIY Home Improvement

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Europe Aerosol Paints MarketReport Scope

Europe Aerosol Paints Market Report Scope