Top Players:
The major players in the Aerosol Propellants Market are Grillo-Werke GmbH, ExxonMobil, Honeywell International Inc, Crown Holdings Inc., DuPont, UNIGAS, Aerosol Gas Ltd, Covestro and Royal Dutch Shell Plc. Geographically, the market is segmented into North America, Europe, Asia Pacific and Rest of the world.
The Global Aerosol Propellants Market is segmented as follows –
On the basis of product the Global Aerosol Propellants Market is segmented into Nitrous oxide and carbon dioxide, DME and Hydrocarbons.
On the basis of application the market Personal care, Automotive & Industrial, Household, Medical, Foods and paints.
Market Overview:
The Global Aerosol Propellants Market was worth USD 16.65 billion in the year of 2012 and is expected to reach approximately USD 26.79 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 4.37% during the forecast period. Aerosol spray is a kind of administering framework which makes an airborne fog of fluid particles. This is utilized with a can or bottle that contains a payload and charge under pressure. At the point when the compartment's valve is opened, the payload is constrained out of a little gap and develops as a vaporized or fog. As propellant grows to drive out the payload, just some propellant is evaporated inside the can to keep up a steady pressure. Outside the can, the drops of propellant dissipate quickly, leaving the payload suspended as fine particles or drops. Typical payload fluids apportioned thusly are paints, insecticides and deodorants. It is extremely useful in automotive, paints, medical, and food processing.
Industry Trend Analysis:
The Global Aerosol Propellants Market has witnessed significant development owing to growth of outstanding propellant formulations with enhanced item dispensing abilities and is anticipated to grow significantly in the upcoming years. In addition, increasing advancements in technology that result in the production of improved propellant compounds is anticipated to spur the demand of the item in the following years.
Growing usage of the metal aerosol cans due to the requirement for health and cleanliness related items, for example, insect repellants and air fresheners is relied upon to prompt an expanded demand for aerosol propellants. High uncertainty in the cost of the already specified rough materials coupled with the notoriety for petroleum fuels is required to support the cost of the propellants. The market faces noteworthy troubles as for the transportation of the charges on account of their high inflammability.
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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
...
5.Aerosol Propellants Market, By Application
5.1.Introduction
5.2.Aerosol Propellants Market Assessment and Forecast, By Application, 2012-2022
5.3.Automotive & Industrial
5.4.Paints
5.5.Medical
5.6.Personal care
5.7.Foods
5.8.Household
5.9.Other Applications
To be continued...
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Regional Outlook and Trend Analysis:
The market in Asia Pacific is relied upon to reflect the most astounding development because of increment in the extra cash combined with a fast change in ways of life of consumers. Expanding requirement for the personal care items, for example, deodorants and hair styling sprays is probably going to drive the requirement for different aerosol propellant sorts. The market is anticipated to witness high development by virtue of the accessibility of inexpensive item formulations because of diminished raw material prices combined with the accessibility of low-cost labor. The market in Germany represented the biggest share of revenue in Europe because of increased requirement of personal care items like dry shampoos, deodorants and spray-on cosmetics. The requirement of household items like furniture cleaners and mosquito repellants is anticipated to boost the development of the industry. Germany represents a high manufacturing and utilization of cars, prompting an appeal for automotive interior cleaners and spray paints. The advent of bio-DME is anticipated to bring about an expanded demand for cans in the nation. The interest for the item is probably going to be affected by popularity for automotive sprays and VOC-free paints.
Key findings of the Aerosol Propellants Market:
The market in Europe is relied upon to represent more than 32 percent of the worldwide profit because of popularity for the jars in the household unit and personal care applications. Requirement for the item for automotive cleaners and paints is anticipated to drive the interest for the item finished the figure time frame.
Leading producers in the area turn to high spending for research and development work of advanced propellant formulations in an offer to build their share of the market. The improvement of exceedingly propelled items, for example, Solstice, by Honeywell International Inc., that displays prevalent properties, for example, non-inflammability, zero ozone emission, and low global warming potential is foreseen to boost the development.
Hydrocarbon forces represented a general offer of more than 81 percent of the volume in 2015. Popularity for propellants that are environment-friendly combined with the low cost of the items prompts a high utilization. The fragment is, in any case, anticipated that would lose share of the overall industry attributable to the introduction of advanced formulations with prevalent performance qualities, for example, stability and no interaction with the holder substance.
Personal care portion is anticipated to develop at a significant pace because of developing interest for hair sprays, deodorants and mousses. The requirement for the item is relied upon to ascend by virtue of rising awareness with respect to the utilization of beauty enhancing items basically in Asia Pacific and Central and South America. Additionally, interest for shaving foams and hair styling items essentially by virtue of expanded acknowledgment of such beauty enhancing items is anticipated to drive market development.
What our Aerosol Propellants Market Report offers:
Aerosol Propellants Market share assessments for the regional and country level segments.
Aerosol Propellants Market share analysis of the top industry players.
Strategic recommendations for the new entrants.
Competitive landscaping mapping the key common trends.
Supply chain trends mapping the latest technological advancements.
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Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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