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Aerosol Propellants Market Share 2024 - What Are The Main Factors That Contributing Towards Industry Growth?

Author : Ronak Bora | Published Date : 2019-05-10 

Asia Pacific, led by China aerosol propellants market size, from personal care products should witness significant growth. Yong population preference towards personal care and hygiene products should drive regional industry growth.

Europe aerosol propellants market size from food application is set to exceed USD 2000 million by 2022. Aerosol spray is used to preserve food & beverages including fruits and wine which may drive industry growth.

Latin America, driven by Brazil and Argentina aerosol propellants market size should witness significant growth. Argentina manufactures and export packaged aerosol products.

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DME and methyl ethyl ether should witness highest gains at over 5%. It is used as automotive fuel, domestic application such as cooking & heating, and for power generation.

Carbon dioxide and nitrous oxide based aerosol propellants occupied smaller chunk of the market share and expects significant growth rate over the estimated period. They are mostly used for dental creams, hair preparations, ointments and food product applications.

Aerosol propellants market share is forecast to hit 13.73 million tons at an annual growth rate of 4.7% from year 2015 to 2022, according to a new study based market report by Global Market Insights. The report features segment, region and application based analysis with insights on market trends, restraints, challenges, opportunities and drivers expected to impact the market size.

Strong application scope for household and personal care products such as hair spray, shampoo, shaving cream and deodorant among youth consumers should drive industry growth. Growing anti-ageing products among geriatric population should stimulate product demand. Heath and environmental concerns associated with propellants used for aerosol products may hinder industry growth.

Increase spray paints demand in construction and automobile applications should drive aerosol propellants market growth. Rise in infrastructure spending along with growth in automobile manufacturing in Brazil, India, Germany, Mexico, Indonesia, and China should propel industry growth.

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Global aerosol propellants market share is fragmented and four of the top companies accounted for above 35% of total demand for 2014. Key manufacturing companies include DuPont, Covestro, Honeywell, Aeropres Corporation, Lapolla Industries, AkzoNobel, and Harp International. 

The key topics covered in the report are:

  • Categorization of the global market on the basis of application, region and competitive scenario
  • Volume and revenue estimations for the market over anticipated period
  • Market Dynamics and Insights with market strengths and weakness, opportunities and threats
  • Current and future Regional Trends
  • Company profiles, Positioning, business strategies of Key Players

The report covers in-depth analysis of the aerosol propellants industry on the regional scale. The market is witnessing substantial growth and is largely driven by regions, including North America, Europe and Asia-Pacific.  Growing demand for cosmetic products in Europe is projected to spur aerosol propellants market growth. Asia Pacific, the market is expected to witness a substantial growth with anticipated gains of 5.6% in the next seven years.

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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