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The Aerosol Propellants Market is set to grow from its current market value of more than $14 billion to over $27 billion by 2022; as reported in the latest study by Global Market Insights, Inc. Positive application outlook in household 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.
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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.
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 industry growth. Health and environmental problems associated with propellants used in aerosol products are likely to restrain aerosol propellants market 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 aerosol propellants market 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 propellant market price trends.
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
Europe led by France, Italy, UK and Germany aerosol propellant 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.
Browse key industry insights spread across 96 pages with 68 market data tables & 16 figures & charts from the report, “Aerosol Propellants Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/aerosol-propellants-market
Latin America led by Brazil and Argentina aerosol propellant 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.
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.
Glimpse of Table of Content (ToC)
Chapter 4 Aerosol Propellants Market, By Product
4.1 Global aerosol propellants market volume share by product, 2014 & 2022
4.2 Hydrocarbons
4.2.1 Market estimates and forecast, 2012-2022, (Kilo Tons) (USD Million)
4.2.2 Market estimates and forecast, by region, 2012-2022, (Kilo Tons) (USD Million)
4.3 DME and methyl ethyl ether
4.3.1 Market estimates and forecast, 2012-2022, (Kilo Tons) (USD Million)
4.3.2 Market estimates and forecast, by region, 2012-2022, (Kilo Tons) (USD Million)
4.4 Nitrous oxide and carbon dioxide
4.4.1 Market estimates and forecast, 2012-2022, (Kilo Tons) (USD Million)
4.4.2 Market estimates and forecast, by region, 2012-2022, (Kilo Tons) (USD Million)
4.5 Others
4.5.1 Market estimates and forecast, 2012-2022, (Kilo Tons) (USD Million)
4.5.2 Market estimates and forecast, by region, 2012-2022, (Kilo Tons) (USD Million)
Chapter 5 Aerosol Propellants Market, By Application
5.1 Global aerosol propellants market volume share by application, 2014 & 2022
5.2 Personal care
5.2.1 Market estimates and forecast, 2012-2022, (Kilo Tons) (USD Million)
5.2.2 Market estimates and forecast,by region, 2012-2022, (Kilo Tons) (USD Million)
5.3 Household
5.3.1 Market estimates and forecast, 2012-2022, (Kilo Tons) (USD Million)
5.3.2 Market estimates and forecast, by region, 2012-2022, (Kilo Tons) (USD Million)
5.4 Automotive & industrial
5.4.1 Market estimates and forecast, 2012-2022, (Kilo Tons) (USD Million)
5.4.2 Market estimates and forecast, by region, 2012-2022, (Kilo Tons) (USD Million)
5.5 Foods
5.5.1 Market estimates and forecast, 2012-2022, (Kilo Tons) (USD Million)
5.5.2 Market estimates and forecast, by region, 2012-2022, (Kilo Tons) (USD Million)
5.6 Paints
5.6.1 Market estimates and forecast, 2012-2022, (Kilo Tons) (USD Million)
5.6.2 Market estimates and forecast, by region, 2012-2022, (Kilo Tons) (USD Million)
5.7 Medical
5.7.1 Market estimates and forecast, 2012-2022, (Kilo Tons) (USD Million)
5.7.2 Market estimates and forecast,by region, 2012-2022, (Kilo Tons) (USD Million)
5.8 Others
5.8.1 Market estimates and forecast, 2012-2022, (Kilo Tons) (USD Million)
5.8.2 Market estimates and forecast, by region, 2012-2022, (Kilo Tons) (USD Million)
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/aerosol-propellants-market
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.
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Website: https://www.gminsights.com/pressrelease/aerosol-propellants-market
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