The global aerosol market size is expected to reach USD
123.98 billion by 2025, according to a new report by Grand View Research, Inc.
Increasing demand for aerosol products for packaging products such as
insecticides and household cleaners is expected to emerge as the primary growth
driver over the forecast period.
The market is expected to be
driven by the rising demand for aerosol based pharmaceutical products such as
pain relief sprays, inhalers, and drug delivery systems. In addition, the
industry is likely to exhibit high growth on account of demand for personal
care products such as hair sprays, mousses, and shaving foams.
Rising concerns regarding the
personal hygiene coupled with high demand for deodorants primarily in Asia
Pacific is expected to emerge as a major driver for the market growth over the
next nine years. In addition, the market for personal care aerosols is expected
to be driven by the increasing product launches by major manufacturers such as
Unilever and Procter and Gamble Co.
Increasing product innovation
pertaining to the use of aerosol based food products such as spray oils and
salad dressings is expected to emerge as the major growth driver over the forecast
period. In addition, rising development of advanced propellant mixtures is
expected to alleviate consumer concerns regarding toxicity of propellants,
leading to an increased affinity towards aerosols.
Browse full research report on Aerosol Market: http://www.grandviewresearch.com/industry-analysis/aerosol-market
Further key findings from
the study suggest:
- Household emerged as one of the major application
segments accounting for over 31% of the global volume in 2015 and is
likely to exhibit substantial growth on account of increasing consumption
of air fresheners and bug sprays
- The demand volume of the product in medical
application is expected to register a CAGR of over 5% from 2016 to 2025 on
account of growing new product launches coupled with ease of application
achieved through use of aerosol based products
- The market in Asia Pacific is expected to grow at a
CAGR of over 7% from 2016 to 2025, on account of rapid development of the
personal care industry coupled with increasing penetration of the compound
in household products
- The market in the U.S. is expected to account for over
86% of the revenue demand in North America in 2015 on account of high
adoption by the consumers in the economy coupled with the high disposable
income enabling the purchase of higher priced products
- Major market players such as Procter & Gamble Co,
Unilever, Beiersdorf AG rely on new product launches and innovations in
the design as the major instruments employed for increasing the market
share. The companies are also involved in strategies such as mergers &
acquisitions, and capacity additions to increase the revenues.
Grand View Research has segmented the global aerosol market
on the basis of application and region:
Application Outlook (Volume, million units; Revenue, USD
million, 2014 - 2025)
- Personal
care
- Household
- Automotive
& Industrial
- Food
- Paints
- Medical
- Others
Regional Outlook (Volume, million units; Revenue, USD
million, 2014 - 2025)
- North
America
- U.S.
- Europe
- UK
- Germany
- Asia
Pacific
- China
- Latin
America
- Brazil
- Middle
East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
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