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

  • Single User License $3000

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

Status : August, 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

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.