Showing posts with label India Industrial Aerosol Market Forecast. Show all posts
Showing posts with label India Industrial Aerosol Market Forecast. Show all posts

How Are Automobile Manufacturers Fueling Industrial Aerosol Production in India?

Mushrooming demand for aerosols in the automobile sector and aftermarket will drive the Indian industrial aerosol market at a CAGR of 5.6% during the forecast period (2020–2030). The market stood at $70.95 million in 2019 and it is projected to reach $115.85 million by 2030. Aerosols are used in the production of passenger cars, quadracycles, commercial vehicles, two-wheelers, and three-wheelers. With the increasing production and sales of such vehicles, the demand for these substances will escalate rapidly. For instance, as per the Society of Indian Automobile Manufacturers (SIAM), India manufactured 30,915,420 vehicles in 2018–2019.

The growing manufacturing sector will also fuel the consumption of aerosols in the coming years. According to the India Brand Equity Foundation (IBEF), the expansion of the manufacturing sector can be owed to the burgeoning demand for electrical machinery and equipment, consumer devices, and electrical appliances. Furthermore, the Ministry of Commerce and Industry, the Government of India, states that the cosmetics and beauty products sector in the country is flourishing, due to the surging per capita income.


According to P&S Intelligence, the Indian industrial aerosol market is fragmented, due to the presence of numerous players, including Zenith Spray and Aerosols Private Limited, Twin Tech India Pvt. Ltd., 3M Company, PRIME AEROSOLS, Indian Aerosols Pvt. Ltd., Renuka Multichem, Aerol Formulations Private Limited, OKS Speciality Lubricants India, S. S. Aerosols Pvt. Ltd., Aerosol Specialities (India), and Pidilite Industries Ltd. In recent years, these companies have been involved in product launches to gain a competitive edge over others. For instance, CRC Industries Inc., in November 2019, announced the launch of OZZYJUICE SW-X1, a new degreasing solution.

In the same vein, in May 2020, 3M Company introduced an anti-heat solution — 3M Scotchkote Polytech Exp RG700 — for the Indian Railways. This solar-reflective layer reduces the temperature inside a closed area and is suitable for a wide range of metallic substrates. Similarly, in November 2020, CRC Industries Inc. announced the introduction of a multi-use automobile parts degreaser & cleaner for cleaning brake drums, air intakes, chokes, rotors, carburetors, and throttle bodies. 

Thus, the growth in the manufacturing and automobile industries in India will accelerate the consumption of the industrial aerosols in the coming years.

Share:

Flourishing Automotive Industry Fueling Sales of Industrial Aerosols in India

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.

To learn more about this report: https://bit.ly/2ZfloWX

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. 

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.

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.

Read more: https://www.psmarketresearch.com/market-analysis/india-industrial-aerosol-market

Share:

Popular Posts