Report Overview

Growing demand for aerosols in automobile factories and aftermarket and thriving Indian manufacturing industry are projected to propel the expansion of the India industrial aerosol market during the forecast period between 2023 and 2029.

India Industrial Aerosol Market - Industry Trends & Forecast Report, 2029

India industrial aerosol market size was estimated at USD 79.53 million in 2022. During the forecast period between 2023 and 2029, the size of India industrial aerosol market is projected 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 an increasing urbanization, industrialization, and rising demand for convenience and ease of use in industrial applications, and growing adoption from 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. These materials 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 Indian 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 market includes various types of industrial aerosols such as paints and coatings, adhesives and sealants, and lubricants and cleaners, among others. 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.

India Industrial Aerosol Market

Growth Drivers

Increasing Demand for Industrial Aerosols from Thriving Manufacturing Industry in India

The manufacturing sector is one of the major end-users of industrial aerosols, particularly for applications such as tool cleaning, degreasing, and maintenance of factory machinery. With the increasing industrialization and urbanization in India, the demand for industrial aerosols in the manufacturing sector is expected to rise significantly. Moreover, the Indian government's "Make in India" initiative, which aims to boost the country's manufacturing sector, is also expected to further drive the growth of the India industrial aerosol market. Additionally, the expanding automotive and construction industries in the country, which are also significant end-users of industrial aerosols, are contributing to the growth of the market. As a result, the India industrial aerosol market is expected to grow in the coming years.

Restraints

Stringent Environmental Regulations

The stricter environmental regulations on the usage of aerosol cans are anticipated to restrain the growth of the India industrial aerosol market. The government of India has implemented various regulations and initiatives aimed at reducing the adverse environmental impact of aerosol cans. The government has also initiated measures to encourage the use of eco-friendly and sustainable industrial aerosols. As a result of these regulations, manufacturers of industrial aerosols are required to comply with stringent environmental standards, which may increase their production costs. This may, in turn, limit the growth of the India industrial aerosol market, as consumers may opt for alternative products or technologies that are eco-friendlier and sustainable.

Impact of COVID-19 on India Industrial Aerosol Market

COVID-19 pandemic adversely affected India industrial aerosol market. The pandemic led to the imposition of lockdowns and restrictions on movement, 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

Segmental Coverage

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 such as 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 applications such as painting cars, motorcycles, and other vehicles. The construction industry also uses spray paints for applications such as painting and coating of buildings and structures. In the consumer goods industry, spray paints are used for applications such as painting furniture, appliances, and toys. Meanwhile, the cleaning segment held the second highest market share. This segment is sub divided into engine cleaners, tire cleaners, carpet cleaners, and electronics cleaners. The engine cleaners 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. They 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.

India Industrial Aerosol Market – By Region

The in-depth research report on the India industrial aerosol market covers the market across four major regions: North India, South India, East India, and West India.

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.

Recent Developments

• In February 2023 - The 5^th Indian Aerosols Expo, a biennial exhibition dedicated to the Aerosol spray industry, was held in Pragati Maidan, Delhi, on 20 and 21 February 2023.

Scope of the Report

By Application

• Spray Paints

• Cleaning

• Maintenance

By Region

• North India

• South India

• East India

• West India