Global Aerosol Propellant Market, By Product (Hydrocarbons, Nitrous Oxide and Carbon Dioxide, DME and Methyl Ether, others), Application (Household, Personal Care, Paints & Coating, Medical, Automotive & Industrial, Foods, Others), Type (Compressed Gas Propellants, Liquefied Gas Propellants) – Industry Trends and Forecast to 2029.
Aerosol Propellant Market Analysis and Size
The rising demands for various purposes such as beauty care, personal hygiene and other applications is boosting the growth of the market. Moreover, the changing lifestyle of people and awareness regarding the need for a healthy and comfortable environment functioning are stimulating the large-scale production and demands. Additionally, the rising awareness regarding eco-friendly substitutes will boost the market's growth.
Global aerosol propellant market was valued at USD 9.34 billion in 2021 and is expected to reach USD 24.31 billion by 2029, registering a CAGR of 12.70% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Aerosol Propellant Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product (Hydrocarbons, Nitrous Oxide and Carbon Dioxide, DME and Methyl Ether, others), Application (Household, Personal Care, Paints & Coating, Medical, Automotive & Industrial, Foods, Others), Type (Compressed Gas Propellants, Liquefied Gas Propellants)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
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) and DIC CORPORATION (Japan)
|
|
Market Opportunities
|
|
Market Definition
The aerosol propellants use compressed or liquefied gases in order to propel active ingredients in liquid paste or powder forms in precise spray units to be sprinkled in the differential patterns. They are used in the manufacture of the products such as shaving creams, air fresheners and others.
Global Aerosol Propellant Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Numerous benefits of wood grain powder coating
Numerous benefits of the aerosol propellants across various end user industries will drive the growth of the market over the forecasted period. Rising demands for aerosol products such as air freshener sprays, coating and personal care products will fuel the market's growth. Additionally, the aerosol propellants have low costs and are less toxic, which also boosts the market's growth over the forecasted period.
- Rising usage in personal care products
The aerosol propellants are extensively used across personal care industries. They are widely used in many formulations. The product is applied in a number of ways to enhance skin and hair care activities. Several products such as deodorants, hair-sprays and others are being consumed by the people globally. The expansion of end use industries coupled with the increase in urbanization and population will further propel the growth rate of market.
Opportunities
- Rising Demands For Eco-Friendly Propellants
The favorable initiatives by government associated with environmental regulations for eco-friendly propellants will further extend profitable opportunities to the market players in the forecast period. For instance, the U.S. Environmental Protection Agency (EPA) has permitted the use of hydrocarbon aerosol propellants considering its zero effect on ozone depletion. Moreover, the increasing aging factors of the growing population will create significant growth factors for the market over the forecasted period.
Restraints/Challenges
- Allergic Reactions
The rising issues such as difficulty in discarding the empty containers and the allergic reactions caused in some cases are the primary factors obstructing the growth of the market.
- Fluctuations in Prices
The inconsistent prices of the dose formulations have a direct negative impact on the overall market’s growth. As a result, these fluctuations will pose a major challenge to the aerosol propellant market growth rate.
This aerosol propellant market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aerosol propellant market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Recent Developments
- In 2021, Luxembourg-based company launched a distinctly shaped can account for a multi-spread international brand, Loreal where the cans can carry a fixed amount of 150ml capacity and contain a wide range of body sprays, perfumes, hair care products and among others.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Aerosol Propellant Market Scope
The aerosol propellant market is segmented on the basis of product, application and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Hydrocarbons
- Nitrous Oxide and Carbon Dioxide
- DME and Methyl Ether
- Others
Application
- Household
- Personal Care
- Paints & Coating
- Medical
- Automotive and Industrial
- Foods
- Others
Type
- Compressed Gas Propellants
- Liquefied Gas Propellants
Aerosol Propellant Market Regional Analysis/Insights
The aerosol propellant market is analyzed and market size insights and trends are provided by product, application and type as referenced above.
The countries covered in the aerosol propellant market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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. The market growth over this region is attributed to the increasing cosmetic industries and rising demands of the aerosol propellants within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aerosol Propellant Market Share Analysis
The aerosol propellant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aerosol propellant market.
Some of the major players operating in the aerosol propellant market are
- 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)
SKU-