Aerosol Propellants Market
Aerosol Propellants Market Forecasts to 2030 - Global Analysis By Product (Hydro Fluoro Carbons (HFC), Dimethyl Ether (DME), Methyl Ethyl Ether, Hydrofluoro Olefins (HFO), Hydrocarbon, Compressed Air, Nitrogen, Blends, Carbon Dioxide, Nitrous Oxide and Other Products), Type, Application, Sales Channel and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $10.26 BN |
|
Projected Year Value (2030) |
US $18.05 BN |
|
CAGR (2023 - 2030) |
8.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Aerosol Propellants Market is accounted for $10.26 billion in 2023 and is expected to reach $18.05 billion by 2030 growing at a CAGR of 8.4% during the forecast period. Aerosol propellants are substances used in aerosol containers to expel the contents under pressure. 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 carried in containers such as bottles or cans. When the container’s valve is opened, these gases are released in the form of mist, foam, liquid, or semi-solid forms. Aerosol propellants find various applications including household cleaners, personal care products, medical, and paints.
Market Dynamics:
Driver:
Rising consumer expectations for convenience & ease of use
Aerosol products are favoured for their ease of application. They allow for precise and controlled dispensing of the product. Aerosol propellants create a fine mist or spray, ensuring that the product is distributed evenly. This ease of use makes them convenient for consumers, especially in situations where speed is essential. Also, unlike some other packaging formats, aerosols do not require additional applicators or tools. In some cases, aerosols can reduce direct contact with the product. All these elements propel the growth of the market.
Restraint:
Complex approval & certification process
Pressurised materials like aerosol propellants can be dangerous if not handled carefully. These containers must adhere to strict safety criteria for storage and transit in order to receive proper certification. Manufacturers are required to abide by a broad variety of legal requirements established by agencies like the Food and Drug Administration (FDA), the Environmental Protection Agency (EPA), and numerous international authorities. The approval procedure becomes more complicated as a result, which hinders market expansion.
Opportunity:
Rising usage in personal care products
In the personal care industry, the usage of aerosol propellants is widespread. They are extensively utilized in many formulations. The product is administered 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.
Threat:
Risk of allergic reactions
Aerosol propellants can sometimes cause allergic reactions in individuals who are sensitive or allergic to specific chemicals or substances. This may lead to symptoms such as coughing, wheezing, shortness of breath, and nasal congestion. Individuals with asthma may be more sensitive to aerosol propellants, especially if they contain irritants like VOCs or fragrances. Prolonged or repeated exposure to aerosol propellants can, in rare cases, lead to sensitization. All these health concerns with aerosol propellants hinder the market growth.
Covid-19 Impact
The market has undergone fluctuations as a result of the COVID-19 epidemic. Though pandemic disrupted global supply chains, the increased awareness of hygiene and sanitation raised the demand for certain aerosol products, such as disinfectants, sanitizers, and household cleaners. Regulatory bodies introduced new guidelines & regulations related to the production and use of aerosol propellants. The pandemic prompted increased research & development efforts in the aerosol industry, including the development of new and improved propellants that align with changing consumer preferences and regulatory requirements.
The hydrocarbon segment is expected to be the largest during the forecast period
The hydrocarbon segment is estimated to have a lucrative growth, due to its expanding usage in pharmaceutical sector. Hydrocarbons are non-reactive, inexpensive, and low in toxicity. For applications including personal care products, cleaning solutions, and insect repellents, hydrocarbons are essential because of their high propellant efficiency and ability to produce a steady, regulated spray or mist. Additionally, they don't include halogen, making them great water-based aerosols or propellants, which will help their demand throughout the predicted period.
The personal care segment is expected to have the highest CAGR during the forecast period
The personal care segment is anticipated to witness the highest CAGR growth during the forecast period, due to its long shelf life, precision and control. Aerosol products are often compact and easy to carry, making them convenient for on-the-go use. They can be used with a wide range of formulations, including liquids, creams, and foams. This versatility allows for the creation of various personal care products. Also, aerosol packaging can help maintain the sterility of the product by preventing contaminants from entering the container.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. The aerosol propellants industry in North America is competitive with several international and local firms fighting for market share. With the expansion of the automobile sector, the United States and Mexico are speeding up market expansion. Aerosol propellants are heavily used in the personal care and home goods sectors in this area. Additionally, the nation is witnessing a spike in demand for home cleaning products including insecticides and air fresheners due to rising demand for a sanitary environment. These elements are promoting market expansion.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period. There is a significant cosmetics manufacturing industry in the UK, Germany, Spain, and France. In Europe, Germany is the country with the biggest market for cosmetics and personal care items. Companies like Honeywell, Arkema, and Chemours, which are developing products with extremely low GWP, are some of the leading significant participants in this industry. In addition, the demand for domestic goods like cleansers, furniture cleaners, and insect repellents as well as personal care items like deodorants, spray-on cosmetics, and dry shampoo increased in the region.
Key players in the market
Some of the key players profiled in the Aerosol Propellants Market include Honeywell International, Inc., Akzo Nobel N.V., Aeropres Corporation, National Gas Company SAOG, Arkema Group, Emirates Gas LLC, Grillo-Werke Aktiengesellschaft, The Chemours Company, Royal Dutch Shell Plc, Nouryon Aeropress, Aveflor AS, Aztec Aerosols, Diversified CPC, Jiutai Energy, Repsol S.A, Shanghai Cal Custom Manufacturing and Harp International.
Key Developments:
In April 2023, AkzoNobel launches new generation fillers to accelerate body shop performance. Bodyshops can now take advantage of a new generation of fillers from AkzoNobel’s Sikkens and Lesonal vehicle refinishes brands, which help to significantly improve productivity while lowering energy costs.
In April 2023, Honeywell announced clinical sun care brand myDerm is utilizing Solstice® Propellant (HFO-1234ze) in its latest broad-spectrum sunscreen, Mineral SPF 50 Clinical Sunscreen Continuous Spray.The propellant helps reduce greenhouse gas (GHG) emissions by 99% compared with alternatives commonly used in aerosol products.
Products Covered:
• Hydro Fluoro Carbons (HFC)
• Dimethyl Ether (DME)
• Methyl Ethyl Ether
• Hydrofluoro Olefins (HFO)
• Hydrocarbon
• Compressed Air
• Nitrogen
• Blends
• Carbon Dioxide
• Nitrous Oxide
• Other Products
Types Covered:
• Compressed Gas Propellants
• Liquefied Gas Propellants
Applications Covered:
• Household
• Personal Care
• Paints & Coating
• Medical
• Automotive & Industrial
• Foods
• Dairy
• Other Applications
Sales Channels Covered:
• Manufacturers
• Aftermarket
• Distributors/Service Providers
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Aerosol Propellants Market, By Product
5.1 Introduction
5.2 Hydro Fluoro Carbons (HFC)
5.3 Dimethyl Ether (DME)
5.4 Methyl Ethyl Ether
5.5 Hydrofluoro Olefins (HFO)
5.6 Hydrocarbon
5.6.1 Propane
5.6.2 n-Butane
5.6.3 Isobutane
5.7 Compressed Air
5.8 Nitrogen
5.9 Blends
5.10 Carbon Dioxide
5.11 Nitrous Oxide
5.12 Other Products
6 Global Aerosol Propellants Market, By Type
6.1 Introduction
6.2 Compressed Gas Propellants
6.3 Liquefied Gas Propellants
7 Global Aerosol Propellants Market, By Application
7.1 Introduction
7.2 Household
7.3 Personal Care
7.4 Paints & Coating
7.5 Medical
7.6 Automotive & Industrial
7.7 Foods
7.8 Dairy
7.9 Other Applications
8 Global Aerosol Propellants Market, By Sales Channel
8.1 Introduction
8.2 Manufacturers
8.3 Aftermarket
8.4 Distributors/Service Providers
9 Global Aerosol Propellants Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Honeywell International, Inc.
11.2 Akzo Nobel N.V.
11.3 Aeropres Corporation
11.4 National Gas Company SAOG
11.5 Arkema Group
11.6 Emirates Gas LLC
11.7 Grillo-Werke Aktiengesellschaft
11.8 The Chemours Company
11.9 Royal Dutch Shell Plc
11.10 Nouryon Aeropress
11.11 Aveflor AS
11.12 Aztec Aerosols
11.13 Diversified CPC
11.14 Jiutai Energy
11.15 Repsol S.A
11.16 Shanghai Cal Custom Manufacturing
11.17 Harp International
List of Tables
1 Global Aerosol Propellants Market Outlook, By Region (2021-2030) ($MN)
2 Global Aerosol Propellants Market Outlook, By Product (2021-2030) ($MN)
3 Global Aerosol Propellants Market Outlook, By Hydro Fluoro Carbons (HFC) (2021-2030) ($MN)
4 Global Aerosol Propellants Market Outlook, By Dimethyl Ether (DME) (2021-2030) ($MN)
5 Global Aerosol Propellants Market Outlook, By Methyl Ethyl Ether (2021-2030) ($MN)
6 Global Aerosol Propellants Market Outlook, By Hydrofluoro Olefins (HFO) (2021-2030) ($MN)
7 Global Aerosol Propellants Market Outlook, By Hydrocarbon (2021-2030) ($MN)
8 Global Aerosol Propellants Market Outlook, By Propane (2021-2030) ($MN)
9 Global Aerosol Propellants Market Outlook, By n-Butane (2021-2030) ($MN)
10 Global Aerosol Propellants Market Outlook, By Isobutane (2021-2030) ($MN)
11 Global Aerosol Propellants Market Outlook, By Compressed Air (2021-2030) ($MN)
12 Global Aerosol Propellants Market Outlook, By Nitrogen (2021-2030) ($MN)
13 Global Aerosol Propellants Market Outlook, By Blends (2021-2030) ($MN)
14 Global Aerosol Propellants Market Outlook, By Carbon Dioxide (2021-2030) ($MN)
15 Global Aerosol Propellants Market Outlook, By Nitrous Oxide (2021-2030) ($MN)
16 Global Aerosol Propellants Market Outlook, By Other Products (2021-2030) ($MN)
17 Global Aerosol Propellants Market Outlook, By Type (2021-2030) ($MN)
18 Global Aerosol Propellants Market Outlook, By Compressed Gas Propellants (2021-2030) ($MN)
19 Global Aerosol Propellants Market Outlook, By Liquefied Gas Propellants (2021-2030) ($MN)
20 Global Aerosol Propellants Market Outlook, By Application (2021-2030) ($MN)
21 Global Aerosol Propellants Market Outlook, By Household (2021-2030) ($MN)
22 Global Aerosol Propellants Market Outlook, By Personal Care (2021-2030) ($MN)
23 Global Aerosol Propellants Market Outlook, By Paints & Coating (2021-2030) ($MN)
24 Global Aerosol Propellants Market Outlook, By Medical (2021-2030) ($MN)
25 Global Aerosol Propellants Market Outlook, By Automotive & Industrial (2021-2030) ($MN)
26 Global Aerosol Propellants Market Outlook, By Foods (2021-2030) ($MN)
27 Global Aerosol Propellants Market Outlook, By Dairy (2021-2030) ($MN)
28 Global Aerosol Propellants Market Outlook, By Other Applications (2021-2030) ($MN)
29 Global Aerosol Propellants Market Outlook, By Sales Channel (2021-2030) ($MN)
30 Global Aerosol Propellants Market Outlook, By Manufacturers (2021-2030) ($MN)
31 Global Aerosol Propellants Market Outlook, By Aftermarket (2021-2030) ($MN)
32 Global Aerosol Propellants Market Outlook, By Distributors/Service Providers (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
List of Figures
Figure 1 Global Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 2 North America Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 3 US Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 4 Canada Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 6 Europe Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 7 Germany Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 8 UK Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 9 Italy Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 10 France Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 11 Spain Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 14 Japan Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 15 China Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 16 India Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 17 Australia Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 21 South America Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 24 Chile Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 28 UAE Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Aerosol Propellants Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Aerosol Propellants Market Outlook (2021-2030) ($MN)
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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