Reports


Aerosol Market Size, Share & Analysis, Industry Research Report, 2025 (Includes Business Impact of COVID-19)

  • TBI556632
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                              Abstract, Snapshot, Market Analysis & Market Definition: Global Aerosol Market

The global aerosol market size was valued at USD 67.87 billion in 2018 and is estimated to witness a CAGR of 5.5% from 2019 to 2025. The growth is majorly driven by the increasing consumption of personal care products such as deodorants, shaving creams, hair sprays, and body sprays.
Aerosols are colloidal systems of solid or liquid particles suspended in gas. They find a broad range of application including personal care, household, automotive and industrial, food, paints, and medical.
 
Increasing urbanization coupled with rapid infrastructural developments in emerging economies of Asia Pacific is expected to drive the demand for aerosol in paints and household products. In addition, introduction of the Environmental Protection Agency (EPA) approved aerosol cleaning products is anticipated to boost the market growth.
Development of eco-friendly packaging is expected to develop new opportunities for the market in the forthcoming years. For instance, in 2013, Unilever launched aerosol products with eco-friendly packaging. These containers were 50% smaller and long lasting than the traditional cans. Moreover, they use 50% less propellant and reduce the overall carbon footprint of the product.
In terms of metal packaging, innovations in aerosol-based products for improving consumer convenience and environmental concerns have been witnessed. For example, compressed gases replacing hydrocarbons as propellants and innovation of bi-compartmental technology that separates the product from propellant by introducing a plastic inner bag. Such steps are expected to propel the growth of the aerosol market further.

Market Segmentation, Outlook & Viewpoint: Global Aerosol Market


Application Market Segmentation & Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

Personal Care

Household

Automotive & Industrial

Foods

Paints

Medical

Others


Key Players, Recent Developments & Regional Insights: Global Aerosol Market


Personal care segment held the largest market share of 40.3% in terms of revenue in 2018. The segment is driven by growing demand for hair care products and deodorants. The demand for personal care products is increasing in emerging economies owing to changing lifestyle, rising consumer spending, and emphasis on gender-specific products.
Growth of the household segment is attributed to improvement in standard of living and emphasis on hygiene, especially in developing regions. This has led to increased consumption of household products like air fresheners, cleaners, sanitizing agents, and disinfectants. Dispersion of these products in less quantity reduces wastage and increases their longevity. This property further propels their usage especially for middle class population.
Automotive and industrial segment is one of the significant application segments. Increasing consumer awareness regarding the appearance and maintenance of vehicles is propelling the demand for products like spray paints and automotive cleaning agents. In addition, increasing sales of vehicles is impacting the consumption of other products such as adhesives and sealants, anti-fog agents, and lubricants.
Growth in medical segment is owing to the increasing demand for dry powder respiratory inhalers and metered dose inhalers, especially in North America. Growing pollution has led to increased number of asthma patients, which is anticipated to further propel the demand for these inhalers over the forecast period.

Regional Insights
Europe held the largest market share of 32.3% in terms of volume in 2018. The region is also the leading producer of aerosols. Its large share is mainly attributable to the personal care industry. Factors including high cosmetics consumption, rapid growth in fragrance industry, and rise in consumer spending are boosting the regional market growth.
Despite increasing demand from personal care industry, growth of the Europe market is hindered by the regulations regarding Volatile Organic Compounds (VOC) emissions, laid down by the European Commission and Environmental Protection Agency (EPA). However, the region is anticipated to overcome this challenge in near future with new innovations. For example, in 2017, a new line of aerosol cleaners was introduced by the brand name Breathe, certified by the EPA’s Safer Choice Program.
 
In terms of revenue, Asia Pacific is amongst the fastest growing regions and is expected to register a CAGR of 7.1% over the forecast period.Governments of China and India have been focusing on promoting favorable investments, which is expected to create lucrative market opportunities over the forecast period. Increasing consumer spending in emerging Asian economies is boosting the demand for aerosol in personal care, automotive, and paints.
Middle East and Africa is the fastest growing regional segment. Increasing spending on hair care products in countries such as Saudi Arabia and UAE is expected to be the driving factor for personal care application segment during the forecast period. In addition, presence ofhypermarkets in UAE, Saudi Arabia, and Kuwait such as Carrefour, and Lulu Hypermarket have ensured the retail distribution for consumer products.
Aerosol Market Share Insights
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.
Mergers and acquisitions and new capacity expansions are among the key strategies adopted by the major market players. For instance, in May 2018, Spray Products Corp. acquired a new facility in Ohio, U.S. In another development, Lindal Group inaugurated its new state-of-the-art facility in Columbus, Indiana.

Key Insights Covered: Global Aerosol Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Aerosol industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Aerosol industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Aerosol industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Aerosol industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Aerosol industry.

Research Methodology: Global Aerosol Market
  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
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. HCC’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 & PublishingChapter 2. Executive Summary
 2.1. Market Outlook
 2.2. Segmental OutlookChapter 3. Aerosol Market Variables, Trends & Scope
 3.1. Market Outlook
 3.2. Penetration & G
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