Aerosol Market: Current Analysis and Forecast (2021-2027)

Aerosol Market: Current Analysis and Forecast (2021-2027)

The global aerosol market is likely to showcase a growth of around 6% during the forecast period. Over the years the demand for personal care products has showcased substantial growth due to improving per capita income and changing lifestyles. Nowadays, people are getting more serious about their physical looks thereby consumption of products related to cosmetics or self-hygiene is increasing. For instance, the global personal care products market was stood at USD 236 billion in 2019 compared to USD 182 billion in 2012, demonstrating a CAGR of 3.8% between 2012 –2019. Aerosol is widely used in the personal care industry in a myriad of applications like deodorants, hairsprays, shaving mousse & gels, and hair mousse among others. Due to its ease to use and handling characteristics coupled with its ability to spread uniformly, the demand is increasing in the personal care industry. Further, personal care and cosmetic products are widely used by the young population thereby countries like India, which have a large young demographic thus have vast potential in the personal care industry, and thus have large growth potential in the aerosol market.

Insights Presented in the Report

“Amongst material, the aluminum segment held a prominent share in the market in 2020.”

Based on material, the market is segmented into steel, aluminum, and others. The aluminum segment accounted for a significant share in the global aerosol market. Because of its vast variety of characteristics, aluminum is one of the most used materials for packaging. It's light, shatterproof, impervious to water, flexible, corrosion-resistant, and recyclable. Aluminum aerosol cans keep the contents fresh for a long period by preventing high volatile ingredients from escaping. Aluminum has a considerable market share in the worldwide aerosol can market due to these considerations.
 
“Amongst propellant, the liquified gas segment accounted for a considerable share in the global aerosol market

Based on propellant, the market is segmented into liquefied gas propellants and compressed gas propellants. The liquefied gas propellants accounted for a significant share in the market. Even when the product level declines, additional liquefied gas propellant evaporates to maintain constant pressure in the space above the product in the case of liquid gas propellant. This helps to keep the spray's performance over the life of the aerosol can. This is attributable to the liquefied gas propellant's significant market share benefits.

“Europe accounted for a major share in the global aerosol market”

For a better understanding of the market adoption of Aerosol, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe accounted for a significant share in the global Aerosols market owing to high spending power, high standard of living, and presence of a large number of international FMCG companies which continuously innovate in order to offer better quality products to its customers.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive country-level analysis of the industry