DUBLIN–(BUSINESS WIRE)–The “India Industrial Aerosol Market Research Report: By Application (Spray Paints, Cleaning, Maintenance) – Industry Analysis and Growth Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
Due to their rising requirement in the automotive sector, the sales of industrial aerosols are rising sharply in India. Industrial aerosols are used extensively in the automotive sector in various applications such as engine degreasing, vehicle polishing, friction and wear reduction, and lubrication. The mushrooming sales of vehicles in the country are predicted to cause surge in the automotive aftermarket in the future years, which will, in turn, push up the requirement for industrial aerosols.
These materials are also used in automobiles for various painting and maintenance purposes. Apart from the thriving automotive industry, the rapidly expanding manufacturing sector in the country is also positively impacting the demand for industrial aerosols. This is because industrial aerosols are used heavily for tool cleaning and degreasing and the maintenance of factory machinery in the country. This, in turn, allows factories and manufacturing facilities to maintain their optimum production volumes.
Due to the above-mentioned factors, the sales of industrial aerosols are climbing in India. This is fueling the advancement of the Indian industrial aerosols market. As a result, the capacity of the market is predicted to grow from 66.1 million units in 2018 to 86.1 million units by 2024. Furthermore, the market is predicted to advance at a CAGR of 5.1% from 2019 to 2024. Paints, cleaning, and maintenance are the major application areas of industrial aerosols.
Out of these, the usage of these materials will rise sharply in paints in the coming years, as per the estimates of the publisher, a market research company based in India. This will be because of the rapid incorporation of aerosol paints in the automotive aftermarket for re-polishing automobiles and painting minor scratches on vehicles. In addition to this, the ballooning sales of vehicles in the country will boost the demand for industrial aerosol paints in the forthcoming years.
Depending on cleaning application, the Indian industrial aerosols market is divided into engine cleaners, tire cleaners, electronics, and carpet cleaners. Amongst these, the engine cleaners category recorded the highest growth in the market during the last few years. This was because of the huge requirement for engine cleaners in various automotive engine components and industrial machinery. Furthermore, aerosol cleaners have a powerful stream that eliminates grease, grime, oil, and dirt without causing the dissembling of the engine.
When maintenance application is taken into consideration, the Indian industrial aerosols market is classified into silicone, de-icer, and anti-fog. Amongst these, the silicone category registered the highest growth in the market in the past years. Moreover, this category is predicted to exhibit rapid advancement in the market in the future years. The main factor fueling the progress of this category in the market is the extensive usage of silicone industrial aerosols for providing lubrication, mold releasing, and corrosion resistance functions.
Hence, it is safe to say that the demand for industrial aerosols will explode in the country in the upcoming years, mainly because of their growing requirement in the automotive and manufacturing sectors.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Application
4.1.1.1 Spray Paints
4.1.1.2 Cleaning
4.1.1.2.1 Engine cleaners
4.1.1.2.2 Tire cleaners
4.1.1.2.3 Carpet cleaners
4.1.1.2.4 Electronics cleaners
4.1.1.2.5 Others
4.1.1.3 Maintenance
4.1.1.3.1 De-icer
4.1.1.3.2 Anti-fog
4.1.1.3.3 Silicone
4.1.1.3.4 Others
4.1.1.4 Others
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Growing demand for aerosols in automobile factories and aftermarket
4.2.1.2 Growth in Indian manufacturing industry
4.2.1.3 Government initiatives for R&D in manufacturing industry
4.2.1.4 Impact analysis of drivers on market forecast
4.2.2 Restraints
4.2.2.1 Environmental regulations on usage of aerosol cans
4.2.2.2 Impact analysis of restraints on market forecast
4.2.3 Opportunities
4.2.3.1 Growth in MSME sector of India
4.3 Impact of COVID-19
4.4 Distribution Channel Analysis
4.5 Value Chain Analysis
Chapter 5. India Market Size and Forecast
5.1 By Application
5.1.1 Cleaning by Type
5.1.2 Maintenance by Type
Chapter 6. Competitive Landscape
6.1 Market Share Analysis of Key Players
6.2 Competitive Benchmarking of Key Players
6.3 List of Other Players
6.4 Strategic Developments of Key Players
6.4.1 Product Launches
6.4.2 Partnerships
6.4.3 Acquisitions
Chapter 7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/gumu9f
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