Aerosol Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023
- Transparency Market Research
Aerosols are primarily used in paints, perfumes, room fresheners, medical products deodorants in order to hold liquid droplets in pressurized form. Moreover, increasing demand for household and personal care products is expected to fuel the demand for aerosols during forecast period. The market has been segmented by application type into household products, personal care products, medical products and paint among others.
The global aerosol market is expected to witness positive growth over the forecast period due to growing application of aerosols in paints, medical products, food, adhesives and automotive. Rising demand for air care products along with personal care products such as shaving and depilatories, hair care products, skin care products and deodorants are expected to create positive impact on the market for aerosols.
Personal care is the largest application segment of aerosols globally, followed by household application segment. Increasing disposable income along with rising standard of living is fueling the usage of personal care and household products for better living. Increasing demand for household and personal care products is expected to have a positive impact on the aerosols market. Furthermore, another application area of aerosol as spray paints in construction and automobile industry. Moreover, asthma inhalers are one of the application areas for aerosols, but the presence of fluorocarbons named hydrofluoroalkanes (HFA) is expected to restrain the demand.
Europe dominated the aerosols market in 2014 in terms of volume followed by North America and Asia Pacific. Growing demand for personal care products is expected to contribute in the growing popularity of aerosols in UK, Germany, Spain and France across Europe. U.S. is leading the aerosols market in North America. Furthermore, Asia pacific is the fastest growing market for aerosols. Lenient regulatory scenario coupled with growing demand for personal and household products are driving the market for aerosols across Asia Pacific. Growing consciousness towards personal care and hygiene, aerosol market is expected to witness positive growth over the forecast period in China and India. Furthermore, stringent environmental rules and regulations by European Commission and Environmental Protection Agency towards restricting the application of HCFC, CFC and HFC components is one of the prime reasons behind the anticipated reduction in market share of Europe and North America by 2021. Increasing automobile production in Brazil, Mexico, Indonesia, Germany and China is expected to create a positive impact on the demand for aerosol. Urbanization coupled with technological development is boosting the use of aerosol in household and personal care products across Middle East.
Some of the major players of aerosol market invest in research and development for better product quality. Furthermore, manufacturers focus on innovation and products development in the household and personal care product segments. Some of the key players operating in the aerosol market are Proctor & Gamble, Unilever PLC, Henkel AG, Reckitt Benckiser Group plc, S. C. Johnson & Son, Inc., Thymes, LLC, Crabtree & Evelyn, Ltd. and AkzoNobel N.V. among others. Mergers and acquisitions are also one of the business strategies of major companies in order to strengthen their foothold in the industry.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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