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Aerosol Propellants Market in Automotive & industrial applications will witness a lucrative gain of 4.5% from 2019 to 2022

Author : Ronak Bora | Published Date : 2019-03-26 

Automotive &industrial applications should witness gains at over 4.5%. Rising usage of adhesive &sealants and lubricants in automotive &industrial applications for preventing maintenance issues by reducing manufacturing cost, should drive product demand. Asia Pacific aerosol propellants market from automotive and industrial application may witness gains at over 7% by 2022. Rise in automotive production due to increasing economic standards thereby stimulating demand for automotive cleaners and spray is likely to drive industry growth in this region.

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Europe led by France, Italy, UK and Germany aerosol propellants market may surpass USD 10 million by 2022. Growing demand for personal care products such as spray on cosmetics, dry shampoo, perfumes and deodorants along with house hold products such as mosquito repellants, cleaners, room fresheners and furniture cleaners may favor regional growth. 

Hydrocarbon aerosol propellant may register gains at over 5% by 2024. Propane, isobutane and butane are prominently used hydrocarbons for product formulations due to high stability, low cost and low toxicity. Rise in spray paint demand in automobile and construction industry is likely to drive product demand thereby stimulating industry growth.

Natural gas and petroleum are the key raw materials for aerosol production. Environmental concerns and health hazards due to toxic and flammable nature may hamper industry growth. Volatile raw material prices due to increasing demand for petroleum products and gases such as butane and propane in various other endues applications is likely to challenge industry profitability thereby affecting aerosol propellants market price trends.

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Aerosol Propellants market may surpass USD 27.5 billion by 2022 according to this new research report. Positive application outlook in house hold and personal care products such as antiperspirants, deodorants, skin & hair care is likely to drive aerosol propellants market. Growing demand for antiaging products owing to increasing ageing population may fuel product demand.

Increasing investments in research and technological innovations to develop low VOC emission, cost effective and ecofriendly manufacturing processes along with product developments such as stahl monobloc cans and airless dispensers may have positive influence on industry growth.

Shift in consumer inclination towards paying premium prices for biomass derived products along with presence of various manufacturers engaged in developing Bio DME due to shifting preferences may propel industry growth in this region.

Latin America led by Brazil and Argentina aerosol propellants market may exceed to USD 2 billion by 2022. Availability of substantial number of aerosol manufacturers may drive regional growth. Increasing automotive sales due to rising disposable income may boost product demand.

Aerosol propellants market from food application may register gains close to 5% by 2022. Increasing aerosol spray in various cooking methods along with gases such as propane and butane is considered as safe for human consumption may act as a contributing factor for product demand.

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Global aerosol propellants market share is moderately fragmented. Akzo Nobel, Honeywell, DuPont, Covestro, BOC Industrial, Avalos, Emirates Gas, Lapolla Industries and Harp International are some of the industry participants.

 

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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