Global Film Spray Market: Overview
Paint are liquid pigments that convert from a thin layer to a solid film after its application on the wall, steel and plastic. Film spray is also known as aerosol paint, which is pressurized in a sealed container and released as aerosol spray through a depressing a valve. The new-age paints, apart from serving its purpose, are also focused on the protection of products from corrosion and oxidation by impregnating the pores of metal and creating an active barrier against moisture and dust. This aids to diverse and dominant industrial and consumer application such as decorative or protective coating and the growth of film spray market.
The driving factor for the growth of film spray market could be the growing consumer trend of Do-it-Yourself. Global film spray market is growing, as the demand for film spray is increasing. Artists have taken to using film spray for street art across the world.
Global Film Spray Market: Market Dynamics
Global film spray market is expected to grow by a single digit CAGR during the forecast period. Construction, wood-furniture industries and automotive industries are the primary drivers that aid in the growth of film spray market. According to a study by B1M website, China, the leader in the construction industry, is expected to add US $2.1Tn into the industry, followed by the U.S., India, Indonesia and United Kingdom. This will further drive the market for film spray in the forecast period.
Consumer trends are also likely to contribute to the growth of film spray market as these spray paint containers are easy to carry, easy to store, more accessible, cheap and portable. Film spray containers can also be used in remote areas as they are easy to use, require less labor and cost-effective.
Aerosol market, which is surging owing to its use in the pharmaceutical industry, is also likely to aid in the rise of film spray market. Dominant applications of aerosol can be inhalers viz., Metered-Dose Inhalers (MDIs) and Dry Powder Inhalers (DPIs). Another emerging application of film spray is in lubrication of motor vehicles. Increasing government regulations against use of old vehicle models to promote sustainable automotive solutions could lead to a surge in new automotive market trend, which will amplify the demand for film spray market.
Global Film Spray Market: Key Segments
Global film spray market can be segmented based on material type or use, price, colors, grade and availability. On the basis of material type/use, the film spray market can be segmented into metal, plastic, wall and others. Film spray market can be segmented by price and colors, but it varies depending on the companies. On the basis of grade, the film spray market can be segmented as matte, glossy and others. On the basis of availability, film spray market can be segmented as retail stores, online services, and brand franchise.
Global Film Spray Market: Regional Analysis
Global film spray market is segmented into five regions: East Asia, North America, Latin America, Europe and Asia Pacific.
Global film spray market is expected to grow rapidly in East Asia due to growing infrastructure project, such as the Belt Road Initiative in China. The growth of film spray market in Latin America is expected to ascend further due to the increasing number of constructions.
According to a recent study by Organisation Internationale des Constructeurs d'Automobiles, Paris, dominant automotive industries in China, United States, Japan, India, Germany and Mexico produced 63,248,008 motor vehicles. This creates a demand for painting solutions in the automotive industries, which can amplify the growth of film spray market. Also, Annual GDP growth of India, China and the U.S. is at 7%, 6.6% and 2.85%, respectively, which in turn results in increased buying capacity of consumers. This provides prospects and aids in high market demand for film spray.
Film Spray Market: Key Manufacturers
Global film spray market is dominated by key players such as PPG, AkzoNobel, The Sherwin-Williams Co., RPM International Inc., Nippon Paint Holdings Co., Axalta Coating Systems, The Valspar Corp., BASF Coatings, Kansai Paint Co. Ltd. and Asian Paints Ltd.
The research report presents a comprehensive assessment of film spray market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The film spray market report provides analysis and information, according to market segments such as geographies, application, material type, grade, availability and industry.
The Film Spray Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Film Spray Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia & New Zealand, Rest of South Asia & Oceania)
- Middle East & Africa (GCC Countries, North Africa, South Africa, Rest of MEA)
The film spray report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The film spray report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The film spray report also maps the qualitative impact of various market factors on market segments and geographies.
The Film Spray Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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