Aerosol Market Size, Share & Trends Analysis Report By Material (Steel, Aluminum, Others), By Type (Bag-In-Valve, Standard), By Application (Personal Care, Household, Automotive & Industrial), By Region, And Segment Forecasts, 2023 - 2030

Aerosol Market Size, Share & Trends Analysis Report By Material (Steel, Aluminum, Others), By Type (Bag-In-Valve, Standard), By Application (Personal Care, Household, Automotive & Industrial), By Region, And Segment Forecasts, 2023 - 2030

Aerosol Market Growth & Trends

The global aerosol market size is expected to reach USD 131.74 billion by 2030, registering a CAGR of 6.7% over the forecast period, according to a new report by Grand View Research, Inc. Aerosol has applications in personal care, household products, automotive, paints & varnishes, industrial, pharmaceutical, and food industries such as hair sprays, shaving gels, deodorants insecticides, air fresheners, grease, fabric cleaner, whipping cream, and inhaler.

The factors attributed to drive the market are introduction of new product formats and gender-specific products is expected to drive the demand for personal care products. The growing use of aerosol propellants in hair styling sprays, foaming face wash, shaving gel, deodorants & antiperspirants is expected to further drive the market.

Food is another segment that is expected to drive aerosol demand significantly over the forecast period. The rising use of aerosols in a variety of food products including whipping cream, icing and coffee powder, and chocolate is expected to fuel market expansion over the forecast period. The aerosols enhance the shelf life by keeping the food products 100% intact by creating a barrier between the external environment and food product and. Thus, the demand of aerosol packaging in food industry is increasing.

Further, the increased prevalence of respiratory disorders such as asthma in low- and middle-income countries followed by rising geriatric population and rate of environmental pollution have increased the prevalence of chronic obstructive pulmonary disease (COPD). Thus, the rising of respiratory disorder is expected to increase the importance of aerosol in MDI valves, DPI devices, and check valves in the near future.

However, stringent regulations is impacting the market of aerosol. For instance, the U.S. EPA has been regulating HFCs and other ozone-deteriorating chemicals under the Significant New Alternative Policy (SNAP) program for the past 20 years. The EPA also lists the substitutes for Ozone-Depleting Substances (ODS) in aerosol solvents and propellants, which are reviewed based on ozone depletion potential, global warming potential, toxicity, flammability, and exposure potential. Thus, stringent regulatory is creating high entry barriers for new Aerosol players entering into the market.

Aerosol Market Report Highlights

• Aluminum cans commanded the largest share of 60.6% in terms of revenue in the year 2022. Owing to high strength, lighter weight, and corrosion resistance properties offered by the aluminum. However, volatile raw material costs owing to increasing tariffs and growing power rate is expected to pose challenge to the market growth
• Household emerged as second largest among application segment by value of 31.0%, in 2022. Insecticides, plant protection, air fresheners, furniture & wax polishes are key sub segments of household segment. Aerosols are majorly preferred for various household application owing to their numerous benefits such as no leakages, controlled & targeted dispensing, and negligible wastage
• Europe accounted for the largest market share of 36.1% in 2022, by value owing to high cosmetics consumption in countries including UK, France, Italy, and Germany. Rapid growth of the fragrance industry in Germany, Italy, the Netherlands, and Spain is expected to drive the market
• Key companies are increasingly adopting market strategies such as acquisitions to strengthen their market position and expand into new territories

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