Global Aerosol Propellants Market Expected to Reach USD 11.04 billion by 2025
25-jun-19 The global aerosol propellant market is anticipated to expand at a CAGR of 5.2% during the forecast period. Rising demand for aerosol products, such as hair sprays, antiperspirants, room fresheners, and deodorants is expected to fuel the growth. In addition, increasing application in cosmetics is predicted to fuel the product demand.
Europe led the market in the previous years and is expected to grow considerably in near future due to the presence of robust cosmetics manufacturing base in France, Germany, Spain, and U.K. Nonetheless, restricted use of CFC, HCFC, and HFC is expected to limit the demand for aerosol propellants over the forecast period.
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North America emerged as the second largest market and is expected to grow significantly in future due to high demand from automobile industry in Mexico and U.S. Asia Pacific leads the market owing to growth of automotive and construction industry. Increasing demand for personal care products from millennials is anticipated to have a positive impact on the market growth.
The factors such as growing home furnishing sector due to rising urbanization, demand for furniture from Middle Eastern countries, and adoption in cleaning application are anticipated to fuel the product demand. Moreover, introduction of advanced products across various application industries is expected to drive the market growth.
Further key findings from the report suggest:
• Personal care application accounted for 34.3% of the overall market share in terms of revenue in 2018 on account of high existing penetration of the product in cosmetics and body care products
• Demand for hydrocarbon based products is expected to account for USD 8.79 Billion by 2025 on account of high penetration in the pharmaceutical industry due to non-reactivity, low toxicity, and environment-friendly nature of the product
• Europe aerosol propellant market is projected to expand at a CAGR of 4.3% from 2019 to 2025, due to increased applications in industries such as paints and coatings, households, and medical
• North America accounted for 28.1% of the global market share in 2018 and is expected to exhibit notable gains over the forecast period on account of the high adoption of the product in U.S., Canada, and Mexico
• Key market players are focused on new product developments, especially in shaving creams and deodorants for strengthening their market presence, which will ultimately promote the industry growth
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/aerosol-propellants-market-2025/request-sample
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Aerosol Propellants Market Variables, Trends, & Scope
3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.3. Technology Overview
3.3.1. DME
3.3.2. Hydrocarbon
3.3.3. Nitrous oxide & Carbon dioxide
3.3.4. HFC
3.3.5. Prevailing Technologies in Aerosol Propellant Market
If you have any special requirements, please let us know and we will offer you the report as you want.
Europe led the market in the previous years and is expected to grow considerably in near future due to the presence of robust cosmetics manufacturing base in France, Germany, Spain, and U.K. Nonetheless, restricted use of CFC, HCFC, and HFC is expected to limit the demand for aerosol propellants over the forecast period.
Browse Full Research Report With TOC: https://www.radiantinsights.com/research/aerosol-propellants-market-2025
North America emerged as the second largest market and is expected to grow significantly in future due to high demand from automobile industry in Mexico and U.S. Asia Pacific leads the market owing to growth of automotive and construction industry. Increasing demand for personal care products from millennials is anticipated to have a positive impact on the market growth.
The factors such as growing home furnishing sector due to rising urbanization, demand for furniture from Middle Eastern countries, and adoption in cleaning application are anticipated to fuel the product demand. Moreover, introduction of advanced products across various application industries is expected to drive the market growth.
Further key findings from the report suggest:
• Personal care application accounted for 34.3% of the overall market share in terms of revenue in 2018 on account of high existing penetration of the product in cosmetics and body care products
• Demand for hydrocarbon based products is expected to account for USD 8.79 Billion by 2025 on account of high penetration in the pharmaceutical industry due to non-reactivity, low toxicity, and environment-friendly nature of the product
• Europe aerosol propellant market is projected to expand at a CAGR of 4.3% from 2019 to 2025, due to increased applications in industries such as paints and coatings, households, and medical
• North America accounted for 28.1% of the global market share in 2018 and is expected to exhibit notable gains over the forecast period on account of the high adoption of the product in U.S., Canada, and Mexico
• Key market players are focused on new product developments, especially in shaving creams and deodorants for strengthening their market presence, which will ultimately promote the industry growth
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/aerosol-propellants-market-2025/request-sample
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Aerosol Propellants Market Variables, Trends, & Scope
3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.3. Technology Overview
3.3.1. DME
3.3.2. Hydrocarbon
3.3.3. Nitrous oxide & Carbon dioxide
3.3.4. HFC
3.3.5. Prevailing Technologies in Aerosol Propellant Market
If you have any special requirements, please let us know and we will offer you the report as you want.
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