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North America Aerosol Propellants Market To Exhibit Phenomenal Growth Over 2022

Author : Ronak Bora | Published Date : 2019-07-19 

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.

The aerosol propellants market growth is attributed to rising awareness for household hygiene like disinfectants, insect repellents and air fresheners and personal care products like deodorant, dry shampoo, hairspray, sheen spray, shine spray, body spray, mousse, temporary hair color spray and shaving cream, etc. among consumers. Innovations and the advent of technology is like to further the growth. The demand in the personal care product segment is forecast to reach 6,700 million units at a growing CAGR of 2.9% during the predicted time frame.

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Growth in infrastructure spending and automobile production in various countries has attributed to the growth in demand of paints in construction and automotive sectors and is likely to further aerosol propellants market growth. Health and environmental problems associated with propellants used in aerosol products are likely to restrain industry growth.

Industrial and automotive applications are likely to continue the growth trend with anticipated growing CAGR of above 4.5% during the Forecast period. Rising demand for sealants, adhesives, lubricants is expected to propel the aerosol propellants market growth. Hydrocarbon propellants expected to exhibit stable growth by 2022.

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.

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The report covers the analysis of the key market players, profiles, competitive scenario and business strategies. Strict Government regulations regarding aerosol propellants are discouraging the new market participants owing to considerable amount of investment during the start-up phase. Key market players include Honeywell, Covestro, Harp International, Lapolla Industries, Aeropres Corporation, AkzoNobel, Lapoll and Avalos.

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

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

Web: https://www.gminsights.com

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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