Aerosol Market Analysis, Size, Growth, Share & Forecast to 2027 | Grand View Research Inc.
“Aerosol Market Size Worth $143.64 Billion By 2027 | CAGR: 6.5%�
The global aerosol market size is anticipated to reach USD 143.64 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.5% in terms of revenue, during the forecast period. Rising demand for aerosol products from various end-use industries such as personal care, household, automotive and industrial, and medical is anticipated to drive the market growth. Aerosol paints are increasingly being used for automotive as well as architectural paint application. Uniform propulsion, ease of application, and aesthetic appeal of aerosols are the key factors attributed to the demand from automotive and architectural end-use industries. Furthermore, the rapidly expanding construction sector, especially in developing countries, such as India, China, Vietnam, and Indonesia, are expected to fuel the demand in paint application. Considerably high prevalence of respiratory diseases such as asthma and Chronic Obstructive Pulmonary Disease (COPD), majorly due to the changing lifestyle and rising geriatric population is principally driving the demand for aerosol-based inhalers. In addition, rising demand for various pain relief sprays owing to their convenience of application is further anticipated to drive the product demand.
Rising demand from Asia Pacific is encouraging aerosol manufacturers to increase their production. For example, in February 2019, Vanesa Care announced plans to setup its fourth manufacturing facility in India. This facility would be the company’s fourth plant. The market is highly competitive with numerous players involved in acquisitions and expansions. In addition, they also conduct R&D for the emerging sectors such as household and personal care.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/aerosol-market
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