Aerosol Propellants Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

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Aerosol Propellants Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

Status : October, 2020 | Chemical & Materials | PPT format

Report Digest


Global Aerosol Propellants Market: Overview 

Increase in incomes, along with increase in an aging population are projected to contribute to global aerosol propellant market. Besides, an increasing level of awareness about health and personal hygiene has led to an increase in demand for skincare, haircare, deodorants etc. This is turn, is expected to boost market further. A steady CAGR (Compound Annual Growth Rate) is expected over forecast period of 2018 to 2028. 

Global Aerosol Propellants Market: Notable Development

Developments in the aerosol propellants market are setting the stage for how the competitive landscape and the market growth charts would like in the forecast period of 2018 to 2028. One of the major one is outlined below along with an explanation to what that means for the market, overall.

  • 24 April 2018An investment of £1.6 million was made into Salford Valve Company by Foresight Group. The former manufactures valves for ecologically sustainable propellants. It has come up with a unique valve technology that allows for use of safe and inert gases to be used in aerosol propellants. It is not only better for the environment, appeasing a large community of environmentally conscious people, but also safer than conventional variants which mainly comprise hydrocarbons. The company also gains a point for creating a number of designs, in sync with a wide range of products. 

With Foresight’s investment, development and commercialisation of this technology will be facilitated. Another thing that it will help is further research and development of new products. In a way, not only it changes how valves and propellers are viewed in future but also sets a new benchmark in the market.

The global aerosol propellants market is fairly fragmented. Prominent players include the following: 

  • Aveflor
  • Honeywell
  • BOC Industrial Gases UK
  • DuPont, Aeropres Corporation
  • Lapolla Industries Inc.
  • AkzoNobel
  • Bayer MaterialScience AG
  • Emirates Gas
  • SRF Limited 

To maintain an edge over competitors, players often make new product development and acquisitions as their primary strategies. For instance, it would be worth noting how SRF Limited took over DuPonts pharmaceutical propellant (Dymel) for 20 million to grab a larger market share. 

Global Aerosol Propellants Market:  Key Trends and Driver 

Factors that propel the market ahead are often entwined with growth in other markets, or are a reflection of change in tastes and preferences. Below is one of the many such factors that would contribute to global aerosol propellant market growth. 

  • Growth in demand for personal care products such as anti-perspirants, deodorants, shaving creams, and so on will set the tone for growth in the global aerosol propellants market. There is also an increase in demand for fragrances. Plus, an increase in the use of products such as paints and air fresheners, which are a proponent of improving living standards and rising income levels in the world economy. 

Global Aerosol Propellants Market:  Regional Analysis 

The North American region will register considerable gains over the period of 2018-2028, due to an expanding scope of application. This boost would be strong from the automotive sector in the United States of America and Mexico. To add to these is the presence of prominent market players in the region who promise it a steady CAGR. 

The Asia Pacific region will also chart notable growth with construction and automotive sectors showing immense potential. Countries who will play a decisive role in this region to push global aerosol propellant market to a higher growth trajectory are India, China and Malaysia. The counties are experiencing a rise in disposable incomes as well as an increased move towards personal care among consumers. 

Europe, the region that led the market earlier, will note a high demand in the forecast period too, owing to a high demand for personal care products. 

Global Aerosol Propellants Market is segmented based on: 

Product Outlook

  • Hydrocarbons
  • Nitrous Oxide and Carbon Dioxide
  • DME and Methyl Ethyl Ether 

Application Outlook

  • Household
  • Personal Care
  • Paints & Coatings
  • Medical
  • Automotive & Industrial
  • Foods

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?