Aerosol Valves - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Aerosol Valves market is accounted for $2.72 billion in 2017 and is expected to reach $4.68 billion by 2026 growing at a CAGR of 6.2%. Increase in demand for metered dose devices such as asthma inhaler in healthcare sector and growing demand for aerosol based household cleaners are the factors impacting the market growth. However, availability of alternatives in term of packaging and price and fluctuations in the prices of raw materials are the factors hindering the market. In addition rising concerns about safety and hygiene is providing the opportunity.
An aerosol is generally used for a pressurized container which releases a liquid spray when actuated. The most common applications of the aerosol cans are the deodorants and other home care products. Aerosol packaging includes aerosol valves which are an integral part of the aerosol packaging products used to spray stored content appropriately in a controlled manner. The primary raw materials required to manufacture aerosol valves are dip tubes, springs, gasket, mounting cup, stem, and coatings.
On the basis of end user, personal care segment is owing to growing disposable incomes, product presentation & differentiation, change in consumer lifestyles and increasing demand for personal care products such as hair sprays, deodorants, and face & body creams will increase the consumption of aerosol valves.
By geography, Asia Pacific is growing high due to China is largest consumer of aerosol valves, followed by Japan. China, with its growing personal care & healthcare industries and Japan, with its growing inclination toward convenient products are growing high in Asia pacific region.
Some of the key players in the Aerosol Valves market Aptargroup, Lindal Group Holding GmbH, Mitani Valve, The Precision Valve Corporation, Coster Tecnologie Speciali, Summit Packaging Systems, Koh-I-Noor Mladá Vo
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