Global Aerosol Propellant Market Size study, by Type (Dimethyl Ether (DME), Other Hydrocarbon, HFC, HFO, Others), by Application (Personal Care, Household, Medical and Other Aerosol Propellants) and Regional Forecasts 2019-2026

  • Product Code:
    RP-ID-10306401
  • Published Date:
    21 Oct 2022
  • Region:
    Global
  • Pages:
    200
  • Category:
    Chemicals
  • Publisher:
    Pub-ID-14

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

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Global Aerosol Propellant Market is valued approximately at USD 7.2 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6.20% over the forecast period 2019-2026. An aerosol propellant is a gas under pressure in a container or can, that is utilized to spray out the substances present within when the pressure is released. The utmost preferred propellants are liquid gases, and naturally occurring hydrocarbons, such as butane and propane. Other types of aerosol propellants comprise hydrofluorocarbon (HFC), dimethyl ether (DME), and hydrofluoric olefin (HFO). Aerosol propellants are primarily used in the production of personal care products, such as antiperspirants, deodorants, hair mousse, hair sprays, and various other products. They are also utilized in household products, such as textile/fabric care, insecticides, air fresheners, and others. In therapeutic application, aerosol propellants play a crucial role in the production of metered dose inhalers (MDI). The market is propelled by growing usage of aerosol propellants in personal care and homecare products along with use of eco-friendly aerosol propellants in industrial products. As per the International Trade Administration, India personal care and beauty industry is expected to be valued at $10 billion in 2021 from $7 billion in 2014. Similarly, as per Statista, South Korea beauty and personal care industry was valued about $8 billion in 2010 that increased to about $16 billion in 2018. Hence growth in the end use industry is propelling the demand for aerosol propellants. Also, increase in the disposable income of consumers, and technological advancements in the field of aerosols is further contributing towards market growth. Whereas, stringent government regulations in the sue of aerosol is likely to impede the market growth. EPA has executed conditional limitations on the production and usage of many aerosol propellants including Dimethyl Ether (DME), hydrochlorofluorocarbon (HCF), due to their adversative effect on environment and health. However, use of Aerosol Propellants in the Food Industry is expected to create significant growth opportunity in the market over the forecast period.

The regional analysis of global Aerosol Propellant market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to presence of established players in the region along with increasing demand for personal care products in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising disposable income, heavy demand for homecare & personal care products along with consumer awareness to maintain personal hygiene would create lucrative growth prospects for the Aerosol Propellant market across Asia-Pacific region.

Major market player included in this report are:
Akzo Nobel N.V.
Arkema Group
The BOC Group Plc.
Royal Dutch Shell PLC
The Chemours Company
Aveflor A.S.
Aeropres Corporation
Honeywell International Inc.
Diversified CPC International
Emirates Gas LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Dimethyl Ether (DME)
Other Hydrocarbon
HFC
HFO
Others
By Application:
Personal Care
Household
Medical
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Aerosol Propellant Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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Akzo Nobel N.V.
Arkema Group
The BOC Group Plc.
Royal Dutch Shell PLC
The Chemours Company
Aveflor A.S.
Aeropres Corporation
Honeywell International Inc.
Diversified CPC International
Emirates Gas LLC
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