The latest market report published by Constancy Researchers “Global Aerosol Propellants Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Aerosol Propellants Market: Overview
The global aerosol propellants market was valued at US$ 8,678.5 Million in 2020 and is estimated to grow at a CAGR of 5.5% during the forecast period. The global aerosol propellants market is anticipated to witness lucrative growth in the years to come due to the rapid industrialization in the emerging economies across the globe along with the rising demand for aerosol propellants from the personal care sector. Furthermore, the growing urbanization and enhanced demand for aerosol propellants in the automotive industry are some other key factors for the growth of the aerosol propellants market during the forecast period. Moreover, the emergence of new technologies coupled with increased demand for eco-friendly products are some of the key opportunities for the global aerosol propellants market over the upcoming years. Besides, the volatile raw material cost is one of key factors estimated to hamper the global aerosol propellants market growth in the years to come.
Global Aerosol Propellants Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global aerosol propellants market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global aerosol propellants market, the demand for aerosol propellants has decreased due to haltin the manufacturing industry worldwide during the COVID-19 period.
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Global Aerosol Propellants Market: Report Highlights
- On the basis of application, in the aerosol propellants market, the personal care category had a major share in the global market in 2020 and is estimated to continue its dominance over the forecast period. Besides, the household category is estimated to witness substantial growth during the forecast period.
- Based on the regional analysis, Europe dominated the market in 2020 and is projected to witness substantial growth over the upcoming years. This is majorly due to the Europe being the leader in producing aerosol propellants along with the rapid growth of the fragrance industry in the region. On the other flip, Asia Pacific is estimated to witness lucrative growth during the forecast period owing to the rising personal care industry in the region and growing urban population in the emerging economies.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global aerosol propellants market.
- As per the research by Constancy Researchers Private Limited, the global aerosol propellants market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Aerosol Propellants Market
- Aveflor
- DowDuPont
- Honeywell International, Inc.
- Aeropres Corporation
- BOC Industrial Gases
- Lapolla Industries, Inc.
- AkzoNobel NV
- Bayer AG
- Emirates Gas
- K-G Packaging
- National Gas Company SAOG
- Shanghai Cal Custom Manufacturing & Aerosol Propellants Co., Ltd.
- Harp International
- Diversified CPC International, Inc.
- Volcke Aerosol Company NV
- Aerochem
- Aerosol Service GmbH
- Others
Global Aerosol Propellants Market: Segmentation
Constancy Researchers Private Limited has segmented the global aerosol propellants market on the basis of product type, application, and regional analysis-
Global Aerosol Propellants Market: By Product Type
- Dimethyl Ether (DME)
- Hydrocarbons
- Nitrous Oxide & Carbon Dioxide
- Others
GlobalAerosol Propellants Market: By Application
- Personal Care
- Household
- Automotive & Industrial
- Food
- Paints
- Medical
- Others
Global Aerosol Propellants Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
