BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India industrial aerosol market size at USD 79.53 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects India industrial aerosol market size to grow at a CAGR of 6.3% reaching a value of USD 120.19 million by 2029. Major growth drivers for the India industrial aerosol market include rapid urbanization and industrialization, a spurring demand for convenience and ease of use in industrial applications, and growing adoption of aerosols by various end-use industries, such as automotive, construction, and consumer goods. Industrial aerosols find extensive applications in engine degreasing, vehicle polishing, friction and wear reduction, and lubrication. The surge in vehicle sales in the country is expected to result in a substantial increase in the automotive aftermarket, which will consequently boost the demand for industrial aerosols. Also, industrial aerosols are widely used for various painting and maintenance purposes in automobiles. The expanding manufacturing sector in India is positively influencing the demand for industrial aerosols. They are heavily used for tool cleaning and degreasing, as well as the maintenance of factory machinery, thereby enabling factories and manufacturing facilities to maintain their production volumes at an optimum level. Hence, the sales of industrial aerosols are surging in India, contributing to the growth of the India industrial aerosols market.
India Industrial Aerosol Market – Overview
The India industrial aerosol market refers to the market for pressurized containers that dispense liquid or gaseous substances for use in industrial applications. These aerosols are commonly used for applications, such as painting, lubrication, cleaning, and adhesion in various industries including automotive, construction, consumer goods, and manufacturing. The industrial aerosol market includes various types of industrial aerosols, such as paints and coatings, adhesives and sealants, and lubricants and cleaners. The market is characterized by increasing demand for eco-friendly and sustainable aerosols and is expected to grow in the coming years due to the rapid industrialization and urbanization in India.
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Impact of COVID-19 on India Industrial Aerosol Market
The COVID-19 pandemic adversely affected India industrial aerosol market. The pandemic led to the imposition of lockdowns and restrictions on movements, which caused disruptions in the supply chain and manufacturing operations. The automotive and construction industries, which are major end-users of industrial aerosols, were severely impacted by the pandemic, as production and construction activities were halted. The demand for industrial aerosols also declined during the pandemic, as many industrial operations were shut down, and there was a decrease in consumer spending. Moreover, the uncertainty surrounding the pandemic and the economic slowdown led to a decrease in investments in the manufacturing sector, further impacting the demand for industrial aerosols. However, the market has recovered as the demand for industrial aerosols surged particularly in the automotive and construction sectors. The increasing focus on hygiene and safety measures in the wake of the pandemic has also led to an increase in demand for industrial aerosols, particularly for cleaning and sanitization purposes.
India Industrial Aerosol Market – By Application
By application, the India industrial aerosol market is divided into Spray Paints, Cleaning, and Maintenance segments. The spray paints segment holds the highest share in the India industrial aerosol market because of the widespread use of spray paints in various industries, such as automotive, construction, and consumer goods. Spray paints offer several advantages, including ease of application, uniform coating, and quick drying time. They are widely used for applications, such as painting, coating, and touch-up work. In the automotive industry, spray paints are extensively used for painting cars, motorcycles, and other vehicles. The construction industry also uses spray paints for painting and coating of buildings and structures. In the consumer goods industry, spray paints are used for painting furniture, appliances, and toys. Meanwhile, the cleaning segment held the second highest market share. This segment is subdivided into engine cleaners, tire cleaners, carpet cleaners, and electronics cleaners. Among them, the engine cleaners segment dominated the market, because of the widespread use of engine cleaners in the automotive industry. Engine cleaners are used for cleaning and degreasing various engine components, such as pistons, cylinders, and valves. Engine cleaners are essential for maintaining the performance and longevity of automotive engines. The growing demand for automotive vehicles in India has led to a surge in the demand for engine cleaners. Additionally, the increasing focus on improving fuel efficiency and reducing emissions has led to the development of new, advanced engine cleaners that are more effective and environmentally friendly. These factors have contributed to the growth of the engine cleaners subsegment in the India industrial aerosol market.
Competitive Landscape
Major players operating in the India industrial aerosol market include Pidilite Industries Limited, Twin Tech India Pvt Ltd, Aerol Formulations Private Limited, Indian Aerosols Pvt Ltd, Bans Aerosol Private Limited, Aerosol Specialities (India), Zenith Spray and Aerosols Private Limited, PRIME AEROSOLS, S.S. Aerosols Pvt Ltd, and Renuka Multichem. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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