Global Aerosol Propellant Market Size, Trends and Growth Opportunity, By Product (Hydrocarbons, Nitrous Oxide and Carbon Dioxide, DME and Methyl Ether, others), Application (Household, Personal Care, Paints & Coating, Medical, Automotive & Industrial, Foods, Others), Type (Compressed Gas Propellants, Liquefied Gas Propellants), By Region and Forecast Till 2027.
Global Aerosol Propellant Market
The Global Aerosol Propellant Market was valued at US$9.23 billion in 2021 and it is expected to reach at US$23 billion in 2027 at a CAGR of 3.92% during forecast period 2022-2027.
In order to push active substances in liquid paste or powder forms in precise spray units to be scattered in the appropriate patterns, aerosol propellants utilise compressed or liquefied gases. They are employed in the production of goods like air fresheners, shaving creams, and other items. The market is expanding as a result of the increasing demand for products used for a variety of things, including personal hygiene, beauty care, and other applications.
Market Drivers
The personal care industries make substantial use of the aerosol propellants. They're a common ingredient in lots of compositions. To improve skin and hair care activities, the product is applied in a variety of ways. Deodorants, hair sprays, and other goods are used by people all over the world. The growth rate of the market will be further accelerated by the expansion of end-use industries, as well as by the rise in urbanization and population. The cost-effectiveness and reduced toxicity of aerosol propellants also contribute to the market's expansion during the anticipated timeframe.
Market Restraints
The main obstacles to the market's expansion are the escalating problems, such as the difficulty in dumping empty containers and the allergic reactions that can occasionally result. The fluctuating cost of the dose formulations directly hinders the expansion of the market as a whole. The rate of market growth for aerosol propellants will thus be significantly challenged by these fluctuations.
Market Segmentation
The global aerosol propellant market is segmented into product, type and application. By product it segmented into hydrocarbons, nitrous oxide and carbon dioxide, DME and methyl ether, others. By type it segmented into compressed gas propellants, liquefied gas propellants. By application it segmented into household, personal care, paints & coating, medical, automotive & industrial, foods, others.
Regional Analysis
The global aerosol propellant market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Europe currently holds a large portion of the market and generates the majority of its revenue; during the projection period, this dominance will only grow. The expansion of the cosmetic industry and the region's rising need for aerosol propellants are credited with driving market growth in this area.
Key Players
Various key players are listed in this report such as AkzoNobel N.V. (Netherlands), PPG Industries Inc., (U.S.), The Sherwin-Williams Company (U.S.), RPM International Inc., (U.S.), NIPSEA GROUP (Japan), Arkema (France), Cardolite Corporation (U.S.), BASF SE (Germany), Evonik Industries AG (Germany), Reichhold LLC 2, (U.S.)
Market Taxonomy
By Product
Hydrocarbons
Nitrous Oxide And Carbon Dioxide
DME And Methyl Ether
Others
By Type
Compressed Gas Propellants
Liquefied Gas Propellants
By Applications
Household
Personal Care
Paints & Coating
Medical
Automotive & Industrial
Foods
Key Question Addressed by the Report
What are the Key Opportunities in Global Aerosol Propellant Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Aerosol Propellant Outlook
- 4.1Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Aerosol Propellant Market, By Product
- 5.1 Y-o-Y Growth Comparison, By Product
- 5.2 Global Aerosol Propellant Market Share Analysis, By Product
- 5.3 Global Aerosol Propellant Market Size and Forecast, By Product
- 5.3.1 Hydrocarbons
- 5.3.2 Nitrous Oxide and Carbon Dioxide
- 5.3.3 DME and Methyl Ether
- 5.3.4 Others
- 6 Global Aerosol Propellant Market, By Type
- 6.1 Y-o-Y Growth Comparison, By Type
- 6.2 Global Aerosol Propellant Market Share Analysis, By Type
- 6.3 Global Aerosol Propellant Market Size and Forecast, By Type
- 6.3.1 Compressed Gas Propellants
- 6.3.2 Liquefied Gas Propellants
- 7 Global Aerosol Propellant Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Aerosol Propellant Market Share Analysis, By Application
- 7.3 Global Aerosol Propellant Market Share Analysis, By Application
- 7.3.1 Household
- 7.3.2 Personal Care
- 7.3.3 Paints & Coating
- 7.3.4 Medical
- 7.3.5 Automotive & Industrial,
- 7.3.6 Foods
- 7.3.7 Others
- 8 Global Aerosol Propellant Market, By Region
- 8.1 Global Aerosol Propellant Market Share Analysis, By Region
- 8.2 Global Aerosol Propellant Market Share Analysis, By Region
- 9 North America Aerosol Propellant Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Aerosol Propellant Market Share Analysis, By Product
- 9.3 North America Aerosol Propellant Market Size and Forecast, By Type
- 9.4 North America Aerosol Propellant Market Size and Forecast, By Application
- 9.5 North America Aerosol Propellant Market Size and Forecast, By Country
- 9.5.1 U.S
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 Europe Aerosol Propellant Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Aerosol Propellant Market Share Analysis, By Product
- 10.3 Europe Aerosol Propellant Market Size and Forecast, By Type
- 10.4 Europe Aerosol Propellant Market Size and Forecast, By Application
- 10.5 Europe Aerosol Propellant Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Aerosol Propellant Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Aerosol Propellant Market Size and Forecast, By Product
- 11.3 Asia Pacific Aerosol Propellant Market Size and Forecast, By Type
- 11.4 Asia Pacific Aerosol Propellant Market Size and Forecast, By Application
- 11.5 Asia Pacific Aerosol Propellant Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12 Latin America Aerosol Propellant Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Aerosol Propellant Market Size and Forecast, By Product
- 12.3 Latin America Aerosol Propellant Market Size and Forecast, By Type
- 12.4 Latin America Aerosol Propellant Market Size and Forecast, By Application
- 12.5 Latin America Aerosol Propellant Market Size and Forecast, By Country
- 12.5.1 Brazil
- 12.5.2. Rest of Latin America
- 13 Middle East Aerosol Propellant Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle Aerosol Propellant Market Share Analysis, By Product
- 13.3 Middle Aerosol Propellant Market Size and Forecast, By Type
- 13.4 Middle Aerosol Propellant Market Size and Forecast, By Application
- 13.5 Middle Aerosol Propellant Market Size and Forecast, By Country
- 13.5.1. Saudi Arabia
- 13.5.2. UAE
- 13.5.3. Egypt
- 13.5.4. Kuwait
- 13.5.5. South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1. AkzoNobel N.V. (Netherlands)
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Development
- 15.1.6 Key Strategies
- 15.2. PPG Industries Inc., (U.S.)
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. The Sherwin-Williams Company (U.S.)
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4. RPM International Inc., (U.S.)
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5. NIPSEA GROUP (Japan)
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6. Arkema (France)
- 15.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7. Cardolite Corporation (U.S.)
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8. BASF SE (Germany)
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9. Evonik Industries AG,(Germany)
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10. Reichhold LLC 2, (U.S.)
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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