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Increased Automobile Production Boosting Industrial Aerosol Consumption in India
The Indian industrial aerosol market is expected to register a CAGR of 5.6% during the forecast period.
By: P&S Intelligence
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 (https://www.psmarketresearch.com/
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.