The global aerosol propellants market size is expected to
reach USD 11.28 billion by 2025, according to a new report by Grand View
Research, Inc. The market is expected to grow owing to increasing adoption of
the aerosol based household and personal care products primarily in the
developing economies including China, India, Indonesia, and Thailand. applications
The aerosol propellants market
growth is primarily dependent on the availability of raw materials such as
natural gas and crude oil, with the prices of such gasses changing in
accordance to the price of the raw materials. The pricing of aerosol propellants
is dependent on the price of natural gas and crude oil that act as raw
materials for the extraction of the propellants.
Increasing production of natural
gas in North America and Asia Pacific is expected to drive the demand for the
product over the next nine years-. Increasing technological initiatives leading
to the production of advanced cans with the superior aesthetic appeal is
expected to lead to a growth in demand for such cans, leading to a growing
demand for propellants.
The industry is regulated by
stringent laws and regulations enacted against the usage of the products in the
cans. In addition, the industry is expected to benefit from the advent of
various technological advancements to produce low cost, low VOCs, and low GWP
products.
Browse full research report on Aerosol Propellant Market: http://www.grandviewresearch.com/industry-analysis/aerosol-propellants-market
Further key findings from
the report suggest:
- Hydrocarbon propellants accounted for an overall
share of over 81% of the volume in 2015. High demand for
environment-friendly propellants coupled with the low price of the
products leads to a high usage. The segment is, however, expected to lose
market share owing to the advent of advanced formulations with superior
performance characteristics such as stability and no interaction with the
container contents.
- Personal care segment is expected to grow at a CAGR
of more than 3% from 2016 to 2025 on account of growing demand for
deodorants, mousses and hair sprays. The demand for the product is
expected to rise on account of rising awareness regarding the use of
beauty enhancing products primarily in Asia Pacific and Central &
South America. Also, demand for shaving foams and hair styling products
primarily on account of increased acceptance of such beauty enhancing
products is likely to drive market growth.
- The market in Europe is expected to account for over
32% of the global revenue due to high demand for the cans in the household
and personal care applications. High demand for the product for automotive
cleaners and paints is expected to drive the demand for the product over
the forecast period.
- Major manufacturers in the domain resort to high
expenditures for research and development of advanced propellant
formulations in a bid to increase their market share. The development of
highly advanced products such as Solstice, by Honeywell International
Inc., that exhibits superior properties such as non-inflammability, zero
ozone depletion, and low global warming potential is expected to drive the
growth.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand View Research has segmented the global aerosol
propellant market on the basis of product, application, and region:
Product Outlook (Volume, Kilo tons; Revenue, USD Million,
2014 - 2025)
- Hydrocarbons
- Dimethyl
Ether (DME) & Methyl Ethyl Ether
- Nitrous
Oxide and Carbon dioxide
- Others
Application Outlook (Volume, Kilo tons; Revenue, USD
Million, 2014 - 2025)
- Personal
Care
- Household
- Automotive
& Industrial
- Food
- Paints
- Medical
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- 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.