DUBLIN–(BUSINESS WIRE)–The “India Aerosol Market Research Report: By Distribution Channel (Department/convenience Stores, Supermarkets/ hypermarkets), Application (Industrial, Residential, Spray paints, Personal Care) – Industry Analysis and Growth Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The Indian aerosol market reached a valuation of $526.28 million in 2019 and is predicted to generate a revenue of $891.13 million by 2030. The market will progress at a CAGR of 6.0% between 2020 and 2030.
One of the major factors driving the progress of the market is the growing requirement for aerosols in the manufacturing and automotive industries.
Additionally, the implementation of favorable government initiatives regarding research and development (R&D) projects in the manufacturing industry is further boosting the advancement of the market. With the expansion of the automotive industry, due to the ballooning sales of commercial vehicles, passenger cars, two-wheelers, quadracycles, and three-wheelers, the requirement for aerosols is growing rapidly across the world. As per the Society of Indian Automobile Manufacturers (SIAM), 30,915,420 vehicles were manufactured by the Indian automotive industry in 2018-19.
This represented an increment of 6.3% from the sales of automobiles recorded in the previous year (29,094,447 vehicles). Similarly, as per the India Brand Equity Foundation (IBEF), because of the surge in the income of the middle-class populace and the population of young people, the sales of automobiles are predicted to rise enormously in the coming years. This will, in turn, push up the demand for aerosols in the country in the coming years.
The boom in the Indian manufacturing industry is also positively impacting the growth of the Indian aerosol market. As per the IBEF, the manufacturing industry in the country is exhibiting rapid advancement, because of the burgeoning customer demand for various consumer electronic products, machinery, and electrical equipment. Moreover, as per the Ministry of Commerce and Industry, the increasing per capita income of people will fuel the expansion of the Indian cosmetics and beauty products sector in the coming years.
Depending on application, the market is divided into personal care, residential, industrial, and spray paints. Amongst these, the personal care category recorded the highest growth in the market during the past few years and is predicted to demonstrate the fastest growth in the future. This will be because of the surging disposable income of people and the subsequent rise in the sales of various aerosol-based personal care products such as dry shampoos, hair sprays, mousse foundations, shaving creams, and deodorants.
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 Distribution Channel
184.108.40.206 Department/convenience Stores
220.127.116.11 Supermarkets/ hypermarkets
4.1.2 By Application
18.104.22.168.1 Spray paints
22.214.171.124.1 Air freshener products
126.96.36.199.2 Anti-rodent products
188.8.131.52.3 Maintenance products
184.108.40.206.3.1 Furniture polishes
220.127.116.11.3.2 Treadmill lubricants
18.104.22.168.4 Cleaning products
22.214.171.124.4.1 Floor sanitizer sprays
126.96.36.199.4.2 Glass cleaners
188.8.131.52.4.3 Carpet cleaners
184.108.40.206.4.4 Treadmill sprays
220.127.116.11.5 Spray paints
18.104.22.168 Spray Paints
22.214.171.124 Personal Care
126.96.36.199.3 Shaving mousse & gels
188.8.131.52.4 Hair mousse
4.2 Market Dynamics
184.108.40.206 Growing demand for aerosols in automobile factories and aftermarket
220.127.116.11 Growth in Indian manufacturing industry
18.104.22.168 Government initiatives for R&D in manufacturing industry
22.214.171.124 Impact analysis of drivers on market forecast
126.96.36.199 Environmental regulations on usage of aerosol cans
188.8.131.52 Impact analysis of restraints on market forecast
184.108.40.206 Growth in MSME sector of India
4.3 Impact of COVID-19
4.4 Value Chain Analysis
4.5 Regulatory Framework Analysis
Chapter 5. India Market Size and Forecast
5.1 By Distribution Channel
5.2 By Application
5.2.1 Industrial, by Product Type
5.2.2 Residential, by Product Type
220.127.116.11 Maintenance Products, by Product Type
18.104.22.168 Cleaning Products, by Product Type
5.2.3 Personal Care, by Product Type
5.3 By Region
5.3.1 Spray paints aerosols, by region
Chapter 6. Competitive Landscape
6.1 Key Offerings of Key Players
6.2 List of Other Players
6.3 Strategic Developments of Key Players
6.3.1 Product Launches
Chapter 7. Company Profiles
- 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.
- Renuka Multichem
- OKS Speciality Lubricants (India)
- Stanvac-Superon Group
- 3M Company
- CRC Industries Inc.
- Wuerth India Pvt. Ltd.
- RPM International Inc.
- ABRO Industries Inc.
- R.J. London Chemicals Industries Co. Ltd.
- Aeroaids Corporation
- Vanesa Group
For more information about this report visit https://www.researchandmarkets.com/r/w14338