This Aerosol propellant market report focuses on the leading competitors of the global market and provides information such as company overview, product portfolio, key developments, price, cost, value, volume, revenue, capacity, production and contact information. Upstream raw materials, equipment, and downstream demand analysis have also been carried out in this Aerosol propellant market report. The research report also analyzes the current development trends and patterns, as well as the distribution and marketing channel. In this Aerosol propellant market report, the feasibility of the new investment projects is evaluated and overall research conclusions are offered.
The Aerosol propellant market research report study enumerates the sales, channels chosen by the firm and distributors of the product. Geographically this Aerosol propellant market report studies the top producers and consumers, focuses on product capacity, production value, consumption, market share and growth opportunity in the key regions Covering North America, South America, Asia and Pacific region, Middle east and Africa.
Aerosol propellant market was valued at USD 9.34 billion in 2021 and is expected to reach USD 24.31 billion by 2029, registering a CAGR of 12.70% during the forecast period of 2022-2029.
Overview of Aerosol propellant market :
The aerosol propellants use compressed or liquefied gases in order to propel active ingredients in liquid paste or powder forms in precise spray units to be sprinkled in the differential patterns. They are used in the manufacture of the products such as shaving creams, air fresheners and others.
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Dynamics Scope, Drivers and Growth Drivers of Aerosol propellant market :
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Numerous benefits of wood grain powder coating
Numerous benefits of the aerosol propellants across various end user industries will drive the growth of the market over the forecasted period. Rising demands for aerosol products such as air freshener sprays, coating and personal care products will fuel the market's growth. Additionally, the aerosol propellants have low costs and are less toxic, which also boosts the market's growth over the forecasted period.
Rising usage in personal care products
The aerosol propellants are extensively used across personal care industries. They are widely used in many formulations. The product is applied in a number of ways to enhance skin and hair care activities. Several products such as deodorants, hair-sprays and others are being consumed by the people globally. The expansion of end use industries coupled with the increase in urbanization and population will further propel the growth rate of market.
Rising Demands For Eco-Friendly Propellants
The favorable initiatives by government associated with environmental regulations for eco-friendly propellants will further extend profitable opportunities to the market players in the forecast period. For instance, the U.S. Environmental Protection Agency (EPA) has permitted the use of hydrocarbon aerosol propellants considering its zero effect on ozone depletion. Moreover, the increasing aging factors of the growing population will create significant growth factors for the market over the forecasted period.
Regional Analysis/Insights of Aerosol propellant market :
The countries covered in the aerosol propellant market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing cosmetic industries and rising demands of the aerosol propellants within the region.
The major companies which are dealing in the Aerosol propellant market :
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.)
DSM (Netherlands)
Qualipoly Chemical Corp. (Taiwan)
Arakawa Chemical Industries,Ltd. (Japan)
Alberdingk Boley (U.S.)
Eternal Materials Co.,Ltd. (Taiwan)
Wacker Chemie AG (Japan)
DIC CORPORATION (Japan)
Key Market Perspectives:
Thorough examination of prevailing market tendencies
Updates on the latest product advancements and innovations
Aerosol propellant market 's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
Strategies and activities of prominent players and brands in the field
Insights into the industry landscape for emerging participants
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Segmentation of Aerosol propellant market :
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)
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