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India Industrial Aerosol Market Research Report: By Application (Spray Paints, Cleaning, Maintenance) - Industry Analysis and Growth Forecast to 2030

  • ID: 5306069
  • Report
  • January 2021
  • Region: India
  • Prescient & Strategic Intelligence Private Limited

FEATURED COMPANIES

  • 3M Company
  • CRC Industries Inc.
  • Indian Aerosols Pvt. Ltd.
  • PRIME AEROSOLS
  • Renuka Multichem
  • S. S. Aerosols Pvt. Ltd.
  • MORE
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.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M Company
  • CRC Industries Inc.
  • Indian Aerosols Pvt. Ltd.
  • PRIME AEROSOLS
  • Renuka Multichem
  • S. S. Aerosols Pvt. Ltd.
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Application
1.3.2 Analysis Period
1.3.3 Market Data Reporting Unit
1.3.3.1 Value
1.3.3.2 Volume
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

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
4.3.1 Global Manufacturing Output
4.3.1.1 Contribution of countries toward global manufacturing output
4.3.1.2 Contribution of countries toward global export and import (2019)
4.3.1.2.1 Top 20 countries by export
4.3.1.2.2 Top 20 countries by import
4.3.2 Global Scenario of COVID-19 Impact
4.3.2.1 Global GDP growth
4.3.2.2 Assessment of COVID-19 impact on GDP and economic forecast
4.3.3 Impact of COVID-19 on India Industrial Aerosol Market
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
7.1 Pidilite Industries Limited
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.1.3 Key Financial Summary
7.2 Twin Tech India Pvt. Ltd.
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.3 Aerol Formulations Private Limited
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.4 Indian Aerosols Pvt. Ltd.
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.5 Bans Aerosol Private Limited
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.6 Aerosol Specialities (India)
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.7 Zenith Spray And Aerosols Private Limited
7.7.1 Business Overview
7.7.2 Product and Service Offerings
7.8 PRIME AEROSOLS
7.8.1 Business Overview
7.8.2 Product and Service Offerings
7.9 S. S. Aerosols Pvt. Ltd.
7.9.1 Business Overview
7.9.2 Product and Service Offerings
7.10 Renuka Multichem
7.10.1 Business Overview
7.10.2 Product and Service Offerings
7.11 OKS Speciality Lubricants (India)
7.11.1 Business Overview
7.11.2 Product and Service Offerings
7.12 Stanvac-Superon Group
7.12.1 Business Overview
7.12.2 Product and Service Offerings
7.13 3M Company
7.13.1 Business Overview
7.13.2 Product and Service Offerings
7.13.3 Key Financial Summary
7.14 CRC Industries Inc.
7.14.1 Business Overview
7.14.2 Product and Service Offerings
7.15 Wuerth India Pvt. Ltd.
7.15.1 Business Overview
7.15.2 Product and Service Offerings

Chapter 8. Appendix
8.1 Abbreviations
8.2 Sources and References
8.3 Related Reports

LIST OF TABLES
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 INDIA INDUSTRIAL AEROSOL MARKET, BY APPLICATION, MILLION UNITS (2014-2019)
TABLE 5 INDIA INDUSTRIAL AEROSOL MARKET, BY APPLICATION, MILLION UNITS (2020-2030)
TABLE 6 INDIA INDUSTRIAL AEROSOL MARKET, BY APPLICATION, $M (2014-2019)
TABLE 7 INDIA INDUSTRIAL AEROSOL MARKET, BY APPLICATION, $M (2020-2030)
TABLE 8 INDIA INDUSTRIAL AEROSOL MARKET FOR CLEANING, BY TYPE, MILLION UNITS (2014-2019)
TABLE 9 INDIA INDUSTRIAL AEROSOL MARKET FOR CLEANING, BY TYPE, MILLION UNITS (2020-2030)
TABLE 10 INDIA INDUSTRIAL AEROSOL MARKET FOR CLEANING, BY TYPE, $M (2014-2019)
TABLE 11 INDIA INDUSTRIAL AEROSOL MARKET FOR CLEANING, BY TYPE, $M (2020-2030)
TABLE 12 INDIA INDUSTRIAL AEROSOL MARKET FOR MAINTENANCE, BY TYPE, THOUSAND UNITS (2014-2019)
TABLE 13 INDIA INDUSTRIAL AEROSOL MARKET FOR MAINTENANCE, BY TYPE, THOUSAND UNITS (2020-2030)
TABLE 14 INDIA INDUSTRIAL AEROSOL MARKET FOR MAINTENANCE, BY TYPE, $THOUSAND (2014-2019)
TABLE 15 INDIA INDUSTRIAL AEROSOL MARKET FOR MAINTENANCE, BY TYPE, $THOUSAND (2020-2030)
TABLE 16 BENCHMARKING OF KEY PLAYERS
TABLE 17 LIST OF OTHER PLAYERS
TABLE 18 PIDILITE INDUSTRIES LIMITED - AT A GLANCE
TABLE 19 PIDILITE INDUSTRIES LIMITED - KEY FINANCIAL SUMMARY
TABLE 20 TWIN TECH INDIA PVT. LTD. - AT A GLANCE
TABLE 21 AEROL FORMULATIONS PRIVATE LIMITED - AT A GLANCE
TABLE 22 INDIAN AEROSOLS PVT. LTD. - AT A GLANCE
TABLE 23 BANS AEROSOL PRIVATE LIMITED - AT A GLANCE
TABLE 24 AEROSOL SPECIALITIES (INDIA) - AT A GLANCE
TABLE 25 ZENITH SPRAY AND AEROSOLS PRIVATE LIMITED - AT A GLANCE
TABLE 26 PRIME AEROSOLS - AT A GLANCE
TABLE 27 S. S. AEROSOLS PVT. LTD. - AT A GLANCE
TABLE 28 RENUKA MULTICHEM - AT A GLANCE
TABLE 29 OKS SPECIALITY LUBRICANTS (INDIA) - AT A GLANCE
TABLE 30 STANVAC-SUPERON GROUP - AT A GLANCE
TABLE 31 3M COMPANY - AT A GLANCE
TABLE 32 3M COMPANY - KEY FINANCIAL SUMMARY
TABLE 33 CRC INDUSTRIES INC. - AT A GLANCE
TABLE 34 WUERTH INDIA PVT. LTD. - AT A GLANCE

LIST OF FIGURES
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 5 DATA TRIANGULATION APPROACH
FIG 6 INDIA INDUSTRIAL AEROSOL MARKET SUMMARY
FIG 7 MAJOR COUNTRIES AND THEIR CONTRIBUTION IN GLOBAL PRODUCTION
FIG 8 TOP 20 EXPORTING COUNTRIES
FIG 9 TOP 20 IMPORTING COUNTRIES
FIG 10 GDP GROWTH IN 2019
FIG 11 GDP GROWTH IN 2020
FIG 12 GDP GROWTH IN 2021 (PROJECTION)
FIG 13 COVID-19 IMPACT ON GDP
FIG 14 COVID-19 IMPACT ON WORKFORCE IN DIFFERENT SECTORS
FIG 15 INDIA INDUSTRIAL AEROSOL MARKET SHARE, BY DISTRIBUTION CHANNEL (2019)
FIG 16 VALUE CHAIN ANALYSIS OF INDIA INDUSTRIAL AEROSOL MARKET
FIG 17 INDIA INDUSTRIAL AEROSOL MARKET SNAPSHOT
FIG 18 INDIA INDUSTRIAL AEROSOL MARKET, BY APPLICATION, MILLION UNITS (2014-2030)
FIG 19 INDIA INDUSTRIAL AEROSOL MARKET FOR CLEANING, BY TYPE, MILLION UNITS (2014-2030)
FIG 20 INDIA INDUSTRIAL AEROSOL MARKET FOR MAINTENANCE, BY TYPE, THOUSAND UNITS (2014-2030)
FIG 21 INDIA INDUSTRIAL AEROSOL MARKET SHARE OF KEY PLAYERS (2019)
FIG 22 PIDILITE INDUSTRIES LIMITED - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
FIG 23 3M COMPANY - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2019)
Note: Product cover images may vary from those shown
  • 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.
Note: Product cover images may vary from those shown

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