Global Aerosol, SPF and Aerosol Propellants Market to Reach $94.6 Billion by 2030
The global market for Aerosol, SPF and Aerosol Propellants estimated at US$80.4 Billion in the year 2023, is expected to reach US$94.6 Billion by 2030, growing at a CAGR of 2.4% over the analysis period 2023-2030. Hydrocarbons, one of the segments analyzed in the report, is expected to record a 2.7% CAGR and reach US$82.5 Billion by the end of the analysis period. Growth in the Dimethyl Ether (DME) And Methyl Ethyl Ether segment is estimated at 0.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $21.2 Billion, While China is Forecast to Grow at 4.2% CAGR
The Aerosol, SPF and Aerosol Propellants market in the U.S. is estimated at US$21.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.5 Billion by the year 2030 trailing a CAGR of 4.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$13.4 Billion by the year 2030.
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