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Aerosol Propellants Market Expected To Trigger A Revenue To $11 Billion By 2025: Grand View Research Inc.

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Aerosol Propellants Market Expected To Trigger A Revenue To $11 Billion By 2025: Grand View Research Inc.

June 11
06:56 2019
Aerosol Propellants Market Expected To Trigger A Revenue To $11 Billion By 2025: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The aerosol propellants market growth is primarily dependent on the availability of raw materials such as natural gas and crude oil, with the prices of such gasses changing in accordance to the price of the raw materials.

According to a report,“Aerosol Propellant Market Analysis By Product (Hydrocarbons, Dimethyl Ether (DME) & Methyl Ethyl Ether, Nitrous Oxide And Carbon Dioxide), By Application (Personal Care, Household, Automotive & Industrial, Food, Paints, Medical) And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., the global aerosol propellants market size is expected to reach USD 11.28 billion by 2025.The market is expected to grow owing to increasing adoption of the aerosol based household and personal care products primarily in the developing economies including China, India, Indonesia, and Thailand. 

Key Takeaways from the report:

  • Hydrocarbon propellants accounted for an overall share of over 81% of the volume in 2015. High demand for environment-friendly propellants coupled with the low price of the products leads to a high usage. The segment is, however, expected to lose market share owing to the advent of advanced formulations with superior performance characteristics such as stability and no interaction with the container contents.

  • Personal care segment is expected to grow at a CAGR of more than 3% from 2016 to 2025 on account of growing demand for deodorants, mousses and hair sprays. The demand for the product is expected to rise on account of rising awareness regarding the use of beauty enhancing products primarily in Asia Pacific and Central & South America. Also, demand for shaving foams and hair styling products primarily on account of increased acceptance of such beauty enhancing products is likely to drive market growth.

  • The market in Europe is expected to account for over 32% of the global revenue due to high demand for the cans in the household and personal care applications. High demand for the product for automotive cleaners and paints is expected to drive the demand for the product over the forecast period.

  • Major manufacturers in the domain resort to high expenditures for research and development of advanced propellant formulations in a bid to increase their market share. The development of highly advanced products such as Solstice, by Honeywell International Inc., that exhibits superior properties such as non-inflammability, zero ozone depletion, and low global warming potential is expected to drive the growth.

Global aerosol propellant market, by application, 2014 – 2025 (Kilo Tons)

Global aerosol propellant market, by application, 2014 - 2025 (Kilo Tons)

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  • Cosmetic Preservative MarketThe increasing demand for natural preservatives such as thyme, clove, cinnamon and tea tree coupled with growing awareness for personal hygiene are some of the major factors that augment the growth of the Cosmetic Preservative Market. 
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Germany aerosol propellant market revenue share, by product, 2015

Germany aerosol propellant market revenue share, by product, 2015

The aerosol propellants market growth is primarily dependent on the availability of raw materials such as natural gas and crude oil, with the prices of such gasses changing in accordance to the price of the raw materials. The pricing of aerosol propellants is dependent on the price of natural gas and crude oil that act as raw materials for the extraction of the propellants.

Increasing production of natural gas in North America and Asia Pacific is expected to drive the demand for the product over the next nine years-. Increasing technological initiatives leading to the production of advanced cans with the superior aesthetic appeal is expected to lead to a growth in demand for such cans, leading to a growing demand for propellants.

The industry is regulated by stringent laws and regulations enacted against the usage of the products in the cans. In addition, the industry is expected to benefit from the advent of various technological advancements to produce low cost, low VOCs, and low GWP products.

Grand View Research has segmented the global aerosol propellant market on the basis of product, application, and region:

Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2014 – 2025)

  • Hydrocarbons

  • Dimethyl Ether (DME) & Methyl Ethyl Ether

  • Nitrous Oxide and Carbon dioxide

  • Others

Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2014 – 2025)

  • Personal Care

  • Household

  • Automotive & Industrial

  • Food

  • Paints

  • Medical

  • Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • India

  • Latin America

    • Brazil

  • Middle East & Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/aerosol-propellants-market

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