The global aerosol valve market is estimated to observe significant growth, demonstrating a CAGR of 4.5% between 2021 to 2026. The market was valued at USD 1.378bn in 2020 and is projected to reach USD 1.746bn by 2026.
Covid
19 pandemic affected the market positively, the sales of aerosol value due to a
surge in pharmaceutical and health products.
Off
late, consumers are giving more importance to personal care due to rising
awareness and disposable income, leading to higher sales of personal care
products including beauty and hygiene products and resulting in the growth of
the aerosol valve market.
Researchmoz
puts forth a detailed report about the global aerosol valve market and shares
insights regarding market drivers, restraints, trends, opportunities, regional
topography, market size, and competitive edge.
Automotive sector to Boost Sales of Aerosol
Valve
The
automotive industry uses aerosol spray paints, coatings, dashboard shiners,
etc., thus paving the way for growth opportunities in the global aerosol valve
market.
Alternatively,
the demand for vehicles is likely to go up in developing economies such as
India, and China due to the need for effective mobility with an ever-growing
population, further leading to the expansion of the aerosol valve market. Further,
due to the presence of automotive manufacturers such as Nissan Motors, Maruti
Suzuki, Mahindra & Mahindra, etc.
Moreover,
due to the availability of aftermarket components the passenger vehicles and
commercial vehicle production is likely to go up, resulting in a boost in
aerosol valve sales.
Sustainability to Drive the Market
The
aerosol manufacturers are leveraging the best technology and Bag on Valve (BOG)
is one such technology that provides an array of benefits.
Usage
of BOV technology in personal care, healthcare, and home care ensures that the
product is 100% emptied. Further, there is minimal usage of preservatives and
longer shelf life in such valves, and recyclable, thus making them absolutely
sustainable is driving the global aerosol valve market in the coming years.
The
availability of substitute products is likely to restrain the global aerosol
valve market.
However,
the production of aerosol valves is expected to go up due to the growing market
for household products in the forthcoming years.
Analysts Views
Aerosol
valves find their place in various applications and have multi-compartment and
more than one vertical partition, which is likely to be the factor for the
adoption of aerosol packaging.
In
terms of type, the global aerosol valve market is foretold to be held by the
continuous segment in comparison to metered segment. The continuous segment is
anticipated to witness significant growth both in terms of value and volume and
the growth of this segment may surge due to its applications in numerous
end-user industries.
North
America is predicted to lead the regional segment, the growth in the region can
be attributed to the high usage of aerosol across various industries for
lightweight, rugged, and recyclable packaging is driving the growth
opportunities in the region.
Europe
is growing significantly due to stringent directives on the use of aerosol products.
Competitive Landscape
Researchmoz
shares detailed insights on the competitive landscape of the aerosol valve
market in its report to help stakeholders to make practical decisions based on
facts and data.
These
companies are getting into mergers, acquisitions, and, product innovation to
penetrate deeper into the global aerosol valves market.
The major companies
include –
- The precision Valve Corpoartion
- Coster Technologies Speciali
- Aptar Group
- Mintani Valve
- Lindal Group Holding GmbH
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