Aerosol Market size is anticipated to reach USD 131.9 billion by 2030

 Aerosol Industry Overview

The global aerosol market size is anticipated to reach USD 131.9 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.6% during the forecast period. The rising demand for aerosol products from various end-use industries, such as personal care, household, automotive and industrial, and medical, is anticipated to drive the growth. Aerosol paints are being increasingly used for automotive as well as architectural paint applications. Uniform propulsion, ease of application, and aesthetic appeal of aerosols are key factors driving their demand in architectural and automotive paint end-use industries.

 

Aerosol Market Segmentation

Grand View Research has segmented the global aerosol market on the basis of material, type, application, and region:

 

Based on the Material Insights, the market is segmented into Steel, Aluminum, and Others

  • The aluminum material segment held the largest revenue share of 60.4% in 2021 and is also projected to expand at a considerable growth rate over the forecast period. Aluminum is an environmentally friendly material and can be recycled multiple times.
  • Increasing aluminum prices are further leading to a rise in the final costs of aerosols. On account of this factor, aerosol manufacturers are expected to opt for a low-priced alternative, which may hamper the growth of the aluminum material segment in the coming years.
  • The plastic material segment has also been experiencing significant demand for the past few years due to the low weight, low cost, and high recyclability of PET plastic. However, a strict ban on plastic packaging, especially in Europe, is expected to hamper the growth of this segment over the coming years.

 

Based on the Type Insights, the market is segmented into Bag-In-Valve and Standard

  • The standard segment accounted for the maximum revenue share of 82.3% in 2021 and is projected to continue with its dominance throughout the forecast period. This segment includes continuous and metering type valves; continuous valves are used in applications where continuous spray is required.
  • The increasing utilization of these valves in food products, technical products, and home care products, such as insecticides, rodenticides, and decoration products, is expected to drive the segment growth. Metered valves are specifically preferred for efficient dispensing of metered doses, thus used in pharmaceutical applications and air fresheners. Bag-in-valve is a packaging technology wherein the bag containing the product is welded to the valve.
  • The propellant is placed in between the bag and the can. Therefore, the propellant and the product are completely separated from each other, which improves the integrity of the packaged product. In a bag-in-valve aerosol, the product is dispensed mainly by the propellant by squeezing the bag after the pressing of the spray button. 

 

Based on the Application Insights, the market is segmented into Personal Care, Household, Automotive & Industrial, Food, Paints, Medical and Others.

  • The personal care segment held the largest market share of more than 41.8%, in terms of volume, in 2021. The segment is driven by the growing demand for hair care products and deodorants.
  • The rapid growth of the household segment is attributed to the improvement in standards of living and emphasis on hygiene, especially in developing regions. 
  • This property further propels their usage. The automotive and industrial segment is also among the significant applications. Increasing consumer awareness regarding the appearance and maintenance of vehicles is propelling the demand for products like spray paints and automotive cleaning agents. 


Aerosol Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

 

Key Companies Profile & Market Share Insights

Mergers and acquisitions and new capacity expansions are among the key strategies adopted by the major companies operating in this market. For instance, in May 2018, Spray Products Corp. acquired a new facility in Ohio, U.S. In another development, Lindal Group inaugurated its new state-of-the-art facility in Columbus, Indiana.

Some of the key players in the global aerosol market include:

  • Proctor & Gamble
  • Reckitt Benckiser
  • Unilever
  • Honeywell International Inc.
  • SC Johnson & Son Inc.
  • Henkel 

Order a free sample PDF of the Aerosol Market Intelligence Study, published by Grand View Research.

 

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