Aerosol propellants play a vital role in various applications across industries. They are essential components used in aerosol products, including personal care items such as deodorant, hairsprays, and shaving foams, as well as household products such as air fresheners and insect repellents. Key features of aerosol propellants include their ability to create pressure and disperse the product in a fine mist or spray form. Their versatility and convenience make them ideal for delivering a wide range of products with precision and ease of use.
According to Data Bridge Market Research, the Global Aerosol Propellant Market accounted for USD 9.34 billion by 2021 and is expected to reach USD 24.31 billion by 2029. The market is expected to grow with a CAGR of 12.70% in the forecast period of 2022 to 2029.
“Rising usage in personal care products boosts the market’s growth”
The aerosol propellant market experiences growth due to the rising usage of personal care products. Aerosol propellants are essential components in the formulation of products like deodorants, hairsprays, and shaving foam. The convenience, portability, and ease of application offered by aerosol packaging appeal to consumers, driving demand. Additionally, advancements in propellant technology, such as eco-friendly and hydrocarbon-based propellants, address environmental concerns and further boost market growth. The increasing popularity of aerosol-based personal care products contributes to the expansion of the aerosol propellant market globally.
What restraints the growth of the global aerosol propellant market?
“Fluctuations in prices restraints the market’s growth”
The aerosol propellant market growth is restrained by fluctuations in prices. The cost of propellant materials, such as hydrocarbons and compressed gases, can vary due to supply and demand dynamics, geopolitical factors, and environmental regulations. Unpredictable price fluctuations can impact profit margins for manufacturers and increase the final product cost for consumers. This can lead to reduced demand or consumer preference for alternative packaging options.
Segmentation: Global Aerosol Propellant Market
The global aerosol propellant market is segmented on the basis of product, application, and type.
- On the basis of product, the global aerosol propellant market is segmented into hydrocarbons, nitrous oxide and carbon dioxide, DME and methyl ether, and others.
- On the basis of application, the global aerosol propellant market has been segmented into household, personal care, paints and coatings, medical, automotive and industrial, foods, and others.
- On the basis of type, the global aerosol propellant market has been segmented into compressed gas propellants, and liquefied gas propellants.
Regional Insights: Europe dominates the Global Aerosol Propellant Market
Europe dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029 due to expanding cosmetic industries and growing demand for aerosol propellants. As the cosmetic sector thrives, there is a parallel rise in the need for propellants used in various personal care products, such as deodorants, hairsprays, and air fresheners, fueling market expansion.
Recent Developments
- In 2021, Luxembourg-based company introduced a uniquely shaped can designed specifically for an internationally recognized brand, L'Oreal. The cans have a fixed capacity of 150ml and are designed to accommodate a variety of products, including body sprays, perfumes, hair care products, and more.
To know more about the study visit, https://www.databridgemarketresearch.com/ko/reports/global-aerosol-propellant-market
The Prominent Key Players Operating in the Global Aerosol Propellant Market Include:
- AkzoNobel N.V. (Netherlands)
- PPG Industries Inc., (U.S.)
- The Sherwin-Williams Company (U.S.)
- RPM International Inc., (U.S.)
- NIPSEA GROUP (Japan)
- Arkema (France)
- Cardolite Corporation (U.S.)
- BASF SE (Germany)
- Evonik Industries AG (Germany)
- Reichhold LLC 2, (U.S.)
- DSM (Netherlands)
- Qualipoly Chemical Corp. (Taiwan)
- Arakawa Chemical Industries,Ltd. (Japan)
- Alberdingk Boley (U.S.)
- Eternal Materials Co.,Ltd. (Taiwan)
- Wacker Chemie AG (Japan)
- DIC CORPORATION (Japan)
Above are the key players covered in the report, to know about more and exhaustive list of global aerosol propellant market companies contact, https://www.databridgemarketresearch.com/ko/contact
Research Methodology: Global Aerosol Propellant Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
