COVID-19 Pandemic Plays an Adversary to Growth of Film Spray Market till Outbreak Subsides: Fact.MR

CITY, Country, 2021-Feb-25 — /EPR Network/ —

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.

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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.

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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.

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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.

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