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Global Aerosol Propellants Market Analysis and Forecast 2021-2027

Report ID:524Chemicals & Materials220 pages

Aerosol Propellants Market Statistics

The global aerosol propellant market had a market size of USD 22.82bn in 2020 and the same is foretold to grow at a CAGR of 6.4% between 2021 to 2027 and may reach the estimated value of 24.28 by the end of 2027.

Aerosol propellants are gaining importance due to their wide application in consumer products and industrial use, which may push the market to grow significantly over the next few years.

Further, the growing adoption of aerosol products by end-user industries such as personal care products, medical care, automotive, cosmetics and skin care, etc are anticipated to stimulate the growth opportunities in the global aerosol propellant market over the next few years.

The growing awareness of household hygiene, cleaning, and the flourishing home furnishing sector is also expected to provide impetus to the expansion of the global aerosol propellants market in the following years.

Global Aerosol Propellants Market Share By Region Type

Personal Care Products to Drive the Aerosol Propellants Market

Aerosol propellants are largely used in personal care products such as hair care, baby products, deodorants, body sprays, shaving foams, etc.

Stringent regulations with regard to volatile organic compounds and depleting ozone have led the manufacturers of such end-use industries to move away from chlorofluorocarbons in their formulations to aerosol propellents. These end-user industries specifically incorporate HP DME and HP152a propellants in their formulations, thus allowing the sales of aerosol propellants to surge.

Besides, it offers easy to use and safety to the end consumers, owing to increased demand for the same. It also increases the shelf life of the products which makes them the most preferred packaging by the manufacturing industries. Further, the product does not splash and gets dispersed gently from the can or container, thus, may impel growth opportunities in the market during the forecast years.

Food And Beverages Industry to Augment Growth

Aerosol propellant application in food beverages should meet certain requirements as per Food and Drug Administration. They have to be non-toxic to ingestion, inhalation, etc. Further, they should remain chemically stable over a period of time. In food applications, perfluorocyclobutane is used as they meet all the requirements with a normal boiling point of 5.85 C. (21.47 F.) and are patented in the US. These factors put together may bolster growth opportunities in the global aerosol propellants market in the next few years.

On the other hand, the growing adoption of aerosol propellants in many end-user industries results in hazardous waste in bigger retail facilities or supermarkets. As per the Household and Commercial Product Association, the U.S alone accounted for 3.75bn cans in 2016 and this factor may hamper the growth opportunities of the global aerosol propellant market in the coming years.

However, less toxicity, lesser reactivity, and environmental acceptance are some of the factors that could drive the global aerosol propellants market in the coming years.

Data Points Market Insights
Market Value 2020 US$ 22.82 billion
Market Value 2027 US$ 24.28 billion
Market Growth Rate 2020-2027 6.4%
Top Regional Market Europe
Key Players Aeropress Corporation, Arkema Group, Lapola Industries Inc, Royal Dutch Shell LLC, Aveflor A.S, AkzoNobel, Solvay
Segment- Product Type (Dimethyl Ether (DME), Hydrofluorocarbons (HFCHydrofluoro), Olefins (HFO), Other Types

Pharmaceutical Products to Underpin Growth of Hydrocarbons Segment

The global aerosol propellants market is segmented in terms of product, namely, DME & Methyl Ethyl Ether, Hydrocarbons, Nitrous Oxide, and Others. However, the hydrocarbons segment held a dominant share in the market previously, accounting for revenue of USD18.04bn in the year 2020. It is projected that the hydrocarbons may continue to hold a lion’s share in the market during the forecast period as well.

Hydrocarbons are organic compounds that are derived from natural gas liquids, making them environmentally friendly. Due to their environmental safety, low toxicity, and lesser reactivity, hydrocarbons are used in the pharmaceutical industry, paving the way for the growth of this segment in the global aerosol propellants market over the forecast years.

On the basis of applications, the personal care segment is expected to drive the global aerosol market due to its wide applications in the skincare and cosmetic industry. Further, Europe also accounts for major demand coming from the personal care industry.

European Market to Dominate the Regional Segment

On the basis of region, the global aerosol propellants market is anticipated to be dominated by Europe. The growth can be attributed to the annual aerosol production in countries such as Germany, the United Kingdom, and France. According to the Federation of European Aerosol, Europe alone accounted for 4.7bn units of aerosol, including countries such as the Netherlands, Italy, and Spain.

Further, the growth can be attributed to three fourth of European production coming from cosmetic and household products.

FEA (Federation of European Aerosol) reports, that around 57 % market share in the European aerosol market comes from personal care applications, thus the European market is expected to thrive during the forecast period.

Moreover, the household applications production had represented 21.4% and other application productions accounted for 21.6% in 2018 in the Europe region, in 2018, to says FEA report.

The Asia Pacific is foretold to grow remarkably well during the forecast period, owing to growing consumer awareness about using low toxic products and packaging in developing economies such as India and China. Further, the government in countries such as India are promoting sustainability under their program such as ‘Green City, Clean City’, enabling manufacturers of end industries to adopt fewer toxic propellants.

Competitive Landscape

In March 2022, entered into a new agreement with Trillium Renewable Chemicals to strengthen Solvay’s sustainable development of bio carbon fibre to be used in various applications.

In 2020, the global leader AkzoNobel came up with an eco-friendly solution that does not let ants stick to their tracks. The company formulated a paint with small particles that would stick to ant’s feet and not let the stick.

In 2019, AkzoNobel also declared about opening three manufacturing units in its powder coating plant, Changzhou in China. The additional units are said to contribute to the development of existing production capabilities.

In 2019, Solvay introduced Rhovanil® a natural vanillin range labelled as natural as per European and U. S’s flavour regulations. It is a non-GMO, natural organic compound that is found in rice bran and can apply to chocolates, ice creams, pastries, biscuits, etc.

Aerosol Propellants Market Segmentation

Product Type Outlook

  • Dimethyl Ether (DME)
  • Hyrdofluorocarbons (HFC)
  • Hydrofluoro Olefins (HFO)
  • Other Types

Application Outlook

  • Household
  • Personal Care
  • Foods
  • Automotive & Industrial
  • Medical
  • Paints
  • Others

Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

key players

  • Aeropres Corporation
  • Arkema Group
  • Lapola Industries Inc
  • Royal Dutch Shell LLC
  • Aveflor A.S
  • AkzoNobel
  • Solvay

Frequently Asked Questions

What would be the growth rate in the global aerosol propellants market?

The global aerosol propellants market is anticipated to witness growth at a CAGR of 6.4% between 2021 to 2027.

What will be the study period of the global aerosol propellants market?

The forecast period for the aerosol propellant market is from 2016 to 2027.

Which region will exhibit the highest growth in the aerosol propellants market during the forecast years?

Europe is expected to exhibit the highest growth owing to enormous aerosol product production in the region.

Which product type will thrive in the global aerosol propellants market?

Hydrocarbons will thrive during the forecast period in the global aerosol propellants market.

Table Of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations

2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics

4. Global Aerosol Propellants Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis

5. Global Aerosol Propellants Market Analysis 2017-2021 and Forecast 2022-2032, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Product Type, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Product Type, 2022-2032
5.3.1. Dimethyl Ether (DME)
5.3.2. Hyrdofluorocarbons (HFC)
5.3.3. Hydrofluoro Olefins (HFO)
5.3.4. Other Types
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2017-2021
5.5. Absolute $ Opportunity Analysis By Product Type, 2022-2032

6. Global Aerosol Propellants Market Analysis 2017-2021 and Forecast 2022-2032, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Application, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Application, 2022-2032
6.3.1. Household
6.3.2. Personal Care
6.3.3. Foods
6.3.4. Automotive & Industrial
6.3.5. Medical
6.3.6. Paints
6.3.7. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021
6.5. Absolute $ Opportunity Analysis By Application, 2022-2032

7. Global Aerosol Propellants Market Analysis 2017-2021 and Forecast 2022-2032, By Based on End Use
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Based on End Use, 2017-2021
7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Based on End Use, 2022-2032
7.4. Y-o-Y Growth Trend Analysis By Based on End Use, 2017-2021
7.5. Absolute $ Opportunity Analysis By Based on End Use, 2022-2032

8. Global Aerosol Propellants Market Analysis 2017-2021 and Forecast 2022-2032, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021
8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. East Asia
8.3.5. South Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region

9. North America Aerosol Propellants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. U.S.
9.2.1.2. Canada
9.2.2. By Product Type
9.2.3. By Application
9.2.4. By Based on End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Type
9.3.3. By Application
9.3.4. By Based on End Use
9.4. Key Takeaways

10. Latin America Aerosol Propellants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Argentina
10.2.1.4. Chile
10.2.1.5. Peru
10.2.1.6. Rest of Latin America
10.2.2. By Product Type
10.2.3. By Application
10.2.4. By Based on End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Type
10.3.3. By Application
10.3.4. By Based on End Use
10.4. Key Takeaways

11. Europe Aerosol Propellants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. Italy
11.2.1.3. France
11.2.1.4. U.K.
11.2.1.5. Spain
11.2.1.6. Russia
11.2.1.7. BENELUX
11.2.1.8. Rest of Europe
11.2.2. By Product Type
11.2.3. By Application
11.2.4. By Based on End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Type
11.3.3. By Application
11.3.4. By Based on End Use
11.4. Key Takeaways

12. East Asia Aerosol Propellants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.2. By Product Type
12.2.3. By Application
12.2.4. By Based on End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Type
12.3.3. By Application
12.3.4. By Based on End Use
12.4. Key Takeaways

13. South Asia Aerosol Propellants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Thailand
13.2.1.3. Malaysia
13.2.1.4. Indonesia
13.2.1.5. Rest of South Asia
13.2.2. By Product Type
13.2.3. By Application
13.2.4. By Based on End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product Type
13.3.3. By Application
13.3.4. By Based on End Use
13.4. Key Takeaways

14. Oceania Aerosol Propellants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Product Type
14.2.3. By Application
14.2.4. By Based on End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product Type
14.3.3. By Application
14.3.4. By Based on End Use
14.4. Key Takeaways

15. MEA Aerosol Propellants Market Analysis 2017-2021 and Forecast 2022-2032, By Country
15.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
15.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
15.2.1. By Country
15.2.1.1. GCC
15.2.1.2. Rest of MEA
15.2.2. By Product Type
15.2.3. By Application
15.2.4. By Based on End Use
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Product Type
15.3.3. By Application
15.3.4. By Based on End Use
15.4. Key Takeaways

16. Key Countries Aerosol Propellants Market Analysis
16.1. U.S.
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2021
16.1.2.1. By Product Type
16.1.2.2. By Application
16.1.2.3. By Based on End Use
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2021
16.2.2.1. By Product Type
16.2.2.2. By Application
16.2.2.3. By Based on End Use
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2021
16.3.2.1. By Product Type
16.3.2.2. By Application
16.3.2.3. By Based on End Use
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2021
16.4.2.1. By Product Type
16.4.2.2. By Application
16.4.2.3. By Based on End Use
16.5. Argentina
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2021
16.5.2.1. By Product Type
16.5.2.2. By Application
16.5.2.3. By Based on End Use

17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1.  By Regional
17.3.2.  By Product Type
17.3.3.  By Application
17.3.4.  By Based on End Use

18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Aeropres Corporation
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Arkema Group
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Lapola Industries Inc
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. Royal Dutch Shell LLC
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Aveflor A.S
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. AkzoNobel
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. Solvay
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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