Global Aerosol propellant Market Growth Till, 2024: Radiant Insights, Inc

The global industry is classified as per applications, products and geographies. Applications are personal care, paints, households medicals and others. Personal care segment led the market with maximum volume share in 2014. Moreover, rising demand for sheen spray, hair spray and shine spay could be credited to segment growth.

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Additionally, paints are estimated to go through high gains over the coming years. Increasing infrastructural development and economic developments will positively impact segment. Also, rising maintenance and repair activities of infrastructure may spur the segment growth.

Based on products, the market is split into dimethyl ether (DME), hydrocarbons and nitrous oxide and carbon dioxide. DPE segment will experience significant rise in the near future. Also, Solvency power and water miscibility are its unique features propelling the growth. It is non toxic and environmental friendly. Expanding use of DME in cosmetic applications will benefit the segment further.

Hydrocarbons led the market with highest consumption in 2014. Also, rising demand from applications such as households, medical and paints& coatings will positively impact the segment. Regulatory support for use of these products is ascribed to market expansion.

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Region wise, the market is fragmented into Asia Pacific, North America, Europe and Middle East and Africa (MEA). Asia Pacific is estimated to go through significant gains over the forecast period. Expanding consumer awareness in will stimulate the region. Growing Skin care products in china will drive the regional demand.

Europe accounted for the highest share in 2014. Increasing demand of cosmetic products in France, UK and Germany will boost the market. Escalating use of fragrances in Brazil will propel the market growth over the forecast period. Also, increasing use of personal care products in MEA chiefly in UAE and Saudi Arabia will supplement the market penetration in the near future.