The global aerosol propellants market is anticipated to reach an estimated value of USD 24.28bn by 2027 as against its valuation of USD22.82 in 2020 at a CAGR of 6.4%.
The
aerosol products market is gaining momentum due to its applications in various
industries. The cosmetic industry will augment the growth of the aerosol
propellants market in the forthcoming years due to its even dispensing of the
product, without any splash or spilling.
Researchmoz
presents the details of the aerosol propellant market in terms of market size,
drivers, opportunities, restraints, regional outlook, and competitive outlook.
Growing Adoption of Sustainability Stimulates
the Growth in Aerosol Prepollent Market
The
stringent regulations around volatile organic compounds and concerns over the
depletion of ozone layers are leading the way forward for the manufacturer of
various end industries to adopt sustainability in packaging and products. Therefore,
manufacturing companies from end-user industries are moving away from
chlorofluorocarbons to aerosol propellants in their formulations, paving the
way for the growth of the aerosol propellant market over the forecast period.
Also,
easy to use and handle along with longer shelf life are some of the crucial
determinants that will drive the global aerosol propellant market in the
future.
Increasing the use of Hydrocarbons to Boost
the Sales in the Market
Increasing
demand for hydrocarbons will strengthen the global aerosol propellants market
in the forthcoming years. Hydrocarbons are considered organic in nature as they
are extracted from natural gas liquids, resulting in low toxicity, and lesser
reactivity, and are environmentally friendly. They are highly adopted in the
pharmaceutical industry such as in nasal products, resulting in the expansion
of the aerosol propellant market over the forecast period.
However,
landfills with hazardous aluminium cans as wastage may hinder the growth of the
global aerosol propellants market during the forecast years.
Nevertheless,
the environmental acceptance of aerosol products will be the stimulant of the
growth in the aerosol propellants market in the years to come.
Analysts’ Views
The
aerosol market will witness good growth in the coming years at a CAGR of 6.5%.
Personal
care products play a crucial role in boosting the sales of aerosol propellants
and yielding better revenue in the global aerosol propellant market.
Aerosol
propellants are used in household cleaning products as well, owing to the
growth potential in the forecast period.
Aerosol
propellants use steel as their raw material and the abundant availability of
steel will provide impetus to the expansion of the global aerosol propellants
market in the coming years.
The
Europe market will exhibit a remarkable surge in the global aerosol propellants
market. The growth in the European region could be credited to the large scale
production of aerosol products and the presence of key manufacturers.
Competitive Landscape
Researchmoz
in its detailed report shares a comprehensive insight on the competitive edge
of the aerosol propellant market in order to help stakeholders to take the
right and thoughtful decisions to thrive in their business space.
The
global aerosol propellants market is competitive in nature and key players are
highly focused on strategic collaborations, partnerships, and innovations to
strengthen their positions in the global aerosol propellant market.
The key manufacturers in
the aerosol propellants market include-
- Lapola Industries Inc
- Royal Dutch Shell LLC
- Aveflor A.S
- AkzoNobel
- Solvay
- Aeropres Corporation
- Arkema Group
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