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.
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Further key findings from the report suggest: Personal care application accounted for a market share of 30.0% in terms of revenue in 2019, with wide scale adoption of aerosol for offering deodorant, hair mousse, hair sprays, and others due to its convenience, contributed to the growth
Automotive and industrial application segment is anticipated to expand at a CAGR of 6.5% from 2019 to 2027. Increasing preference for aerosol-based greases and oils in automobile service stations is majorly driving the demand for aerosol in the automotive and industrial application segment
Asia Pacific aerosol market, in terms of revenue, is estimated to expand at a CAGR of 8.7% from 2019 to 2027 on account of increasing penetration of retail, growing construction activities, and rising sales of automobiles
European is expected to witness relatively slower growth over the forecast period, owing to the regulations regarding Volatile Organic Compounds (VOC) emissions laid down by the European Commission and the Environmental Protection Agency (EPA)
The global market is highly competitive in nature owing to the presence of major players like Proctor & Gamble; Reckitt Benckiser; Unilever; Honeywell International Inc.; SC Johnson & Son Inc.; and Henkel
Grand View Research has segmented the global aerosol market on the basis of material, type, application, and region: Aerosol Material Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027) Steel
Aluminum
Plastic
Glass
Aerosol Type Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027) Bag-on-Valve (BoV)
Standard
Aerosol Application Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027) Personal Care
o
Deodorants
o
Hair Mousse
o
Hair Spray
o
Shaving Mousse/Foam
o
Others
Household
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o
Insecticides & Plant Protection
o
Air Fresheners
o
Furniture & Wax Polishes
o
Automotive & Industrial o
Greases
o
Lubricants
o
Spray Oils
o
Cleaners
Food o
Oils
o
Whipped Cream
o
Edible Mousse
o
Sprayable Flavours
Paints
Medical
Others
o
Inhaler
o
Topical Application
Others
Aerosol Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027) North America o
Europe o
Germany
o
France
o
U.K.
Asia Pacific o
China
o
Japan
o
India
Central & South America o
U.S.
Brazil
Middle East & Africa
Table of Content
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Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope 1.2. Market Definition 1.3. Information Procurement 1.3.1. Purchased Database 1.3.2. GVR’s Internal Database 1.3.3. Secondary Sources & Third-Party Perspectives 1.3.4. Primary Research 1.4. Information Analysis 1.4.1. Data Analysis Models 1.5. Market Formulation & Data Visualization 1.6. Data Validation & Publishing Chapter 2. Executive Summary 2.1. Market Outlook 2.2. Segmental Outlook 2.3. Competitive Insights Chapter 3. Aerosol Market Variables, Trends, & Scope 3.1. Market Outlook 3.1.1. Parent Market Outlook 3.1.2. Related Market Outlook 3.2. Penetration & Growth Prospect Mapping 3.3. Industry Value Chain Analysis 3.3.1. Major Raw Material Trends 3.3.2. Manufacturing Trends 3.4. Technology Overview 3.5. Regulatory Framework 3.6. Vendor Selection Criteria Analysis 3.7. Aerosol Market - Market dynamics 3.7.1. Market driver Analysis 3.7.2. Market Restraint Analysis 3.7.3. Industry Challenges Continue…………..
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About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com
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