Between 2023 and 2033, the market is expected to expand at a CAGR of 4.1%, valuing the market at $7,680.93 million. The paint cans sector has an expected worth of US$ 5,117.84 million in 2023 due to outstanding global sales.
A significant boost to the paint cans adoption is from the fact that packaging is no longer about the look, but about the value of convenience, transportation, and storage. As a result, steel and aluminum remain highly sought-after materials for the manufacturing of painting cans.
The market is expanding due to increasing demand for PVC paint cans from various enduse sectors, including automotive, construction, industrial, and marine.
Due to their exceptional qualities, such as outstanding weather ability, good scrub resistance, and high durability, the PVC paint cans market expects a CAGR of 6.7% by 2033. Moreover, the industry is expanding as a result of rising environmental consciousness and the introduction of water-based PVC paint cans.
Growth in the demand for spray paints has been recorded in the automotive industry, on the back of the increasing inclination for personalization and maintenance activities.
This story is from the June/July 2023 edition of COATINGS AND ANTI CORROSION ENGINEERING REVIEW.
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This story is from the June/July 2023 edition of COATINGS AND ANTI CORROSION ENGINEERING REVIEW.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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