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