The global aerosol actuators market is foretold to observe growth at a CAGR of 4.9% and exhibit an estimated value of USD 1.58bn by 2027.
There
are several factors that may contribute to the growth of the global aerosol
actuators market, however growing adoption of bio-based solvents is likely to
increase the production of aerosol products, thus driving the global aerosol
actuators market.
Researchmoz
briefly explains the aerosol actuators market in terms of market size, drivers,
restraints, opportunities, and competitive edge.
Versatile Designs to Boost Sales
Aerosol
actuators find their use in various applications such as personal care
products, automotive products, household products, etc. These actuators are
designed ergonomically for each application; thus, this versatile factor of
actuators is anticipated to boost sales in the global actuators market during
the forecast period.
The
actuator sales depend on the coverage area of the product, such as if the
consumer uses the product on themself or the surface.
High
and volatile prices of raw materials may dampen the growth of the global
aerosol actuators market in the following years.
Nonetheless,
rising investment in research and development towards product innovations is
anticipated to stimulate the market to grow during the forecast period.
Sustainability to Drive the Aerosol Actuators
Market
The
rising concerns over volatile organic compounds and reducing carbon footprints
have been the reason behind stringent regulations around aerosol production.
The bio-based solvents are gaining traction as compared to the conventional
oil-based solvent and the manufacturers are focusing on integrating
sustainability in the packaging areas, resulting in the expansion of the global
aerosol actuators market in the following years.
Bio-based
solvents provide a range of benefits such as low vapour, lesser surface
tension, high boiling paint, along with biodegradability and safety to the
labour force in the manufacturing facilities. All these sustainability factors
are anticipated to lead to growth opportunities in the global aerosol actuators
market over the forecast period.
Analyst’s Views
Based
on application, the personal care segment would hold a larger share in the
global aerosol actuators market during the forecast year.
Deodorant
and antiperspirants under personal care products are likely to boost sales in
the aerosol actuators market in the forthcoming years.
Europe
will hold a larger share in the aerosol actuators market in the forecast years,
owing to large production taking place in countries such as Germany, France,
and the UK.
Asia
Pacific market will witness significant growth during the forecast period,
owing to ever-increasing demand from the personal and household products
sector.
Competitive Landscape
Researchmoz
shares detailed insights on the competitive edge in its report which includes
the strategies being adopted by market stalwarts.
Many
market players are indulging in mergers, innovations, acquisitions, and
partnerships to position themselves in the global aerosol actuators market.
Some of the prominent
players in the global aerosol market include-
- Mintani Valve Co. Ltd
- Summit Packaging Systems Inc
- Lindal Group
- Coster Group
For
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