Aerosol Market Size, Share & Trends Analysis Report by Material (Steel, Aluminum), by Type (Bag-In-Valve, Standard), by Application (Personal Care, Household), by Region (EU, APAC), and Segment Forecasts, 2022-2030.

 Pulichser: Innovation Market Research

May 2022

 Pages: 194

 IMR 2318

Aerosol Market Overview:

The Aerosol Market has been witnessing steady growth in the consumer products segment. Aerosol products such as deodorants, air fresheners, hair sprays, and household cleaning products remained popular due to their convenience and ease of use. Manufacturers were increasingly focusing on eco-friendly and sustainable aerosol formulations to address environmental concerns. Aerosol technology was finding applications in the healthcare and pharmaceutical industries. Inhalers and nasal sprays were some of the key products using aerosol technology for drug delivery. The increasing prevalence of respiratory disorders and the need for better drug administration methods were driving this segment's growth.

The automotive sector was another area where aerosols played a vital role. Aerosol-based automotive products, such as lubricants, cleaning agents, and paint touch-ups, were in demand among vehicle owners and professional mechanics. The growing automotive industry and increased vehicle ownership were contributing to the expansion of this market. The paints and coatings industry had seen a rising demand for aerosol-based products. Spray paints and coatings provided a convenient way for consumers and DIY enthusiasts to complete their projects efficiently. Moreover, aerosols offered better precision and reduced wastage compared to traditional paint application methods.

The global aerosol market size is anticipated to reach USD 131.9 billion by 2030. 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.

Furthermore, the rapidly expanding construction sector, especially in developing countries such as India, China, Vietnam, and Indonesia, is expected to further fuel the product demand in paint application. Globally, the cases of respiratory diseases, such as asthma and Chronic Obstructive Pulmonary Disease (COPD), have considerably increased over the past several years, majorly due to the changing lifestyle and rising geriatric population. The growing cases of such respiratory diseases are principally driving the demand for aerosol-based inhalers. In addition, high demand for various pain relief sprays owing to their convenience of application is further anticipated to expand the market growth in the coming years. Asia Pacific is among the significant regional markets.

The rising demand for personal care products from developing countries is anticipated to propel the demand for aerosol. In addition, increasing awareness regarding cleanliness and hygiene is boosting the growth of household products like cleaners, sanitizing agents, and air fresheners. The growing demand from Asia Pacific is encouraging aerosol manufacturers to increase their production. For example, in February 2019, Vanesa Care announced plans to set up its fourth manufacturing facility in India. The global market is highly competitive with numerous players involved in acquisitions and expansions. In addition, they also conduct R&D for the emerging sectors, such as household and personal care.

Aerosol Market Report Highlights

The personal care application segment accounted for the largest revenue share in 2021 due to extensive usage of aerosol in deodorants, hair mousses, hair sprays, and others due to its convenience, which contributed to the growth of this segment.

The automotive & industrial application segment is anticipated to grow at a steady CAGR from 2021 to 2030 due to increasing preference for aerosol-based greases and oils by the automobile service stations.

Asia Pacific is estimated to be the fastest-growing regional market from 2021 to 2030 on account of the rising penetration of retail, growing construction activities, and increasing sales of automobiles.

The market in Europe is expected to witness sluggish growth in the coming years owing to the regulations regarding Volatile Organic Compounds (VOCs) emissions imposed by the European Commission and Environmental Protection Agency (EPA).

The global market is highly competitive owing to the presence of major players like Proctor & Gamble, Reckitt Benckiser, etc.

Aerosol Market Key players:

Komatsu Ltd. (Japan)

Sandvik AB

Epiroc AB

Doosan Corporation

Deere & Company

Atlas Copco Ab (Epiroc Ab)

Hitachi, Ltd. (Hitachi Construction Machinery Co., Ltd.)

Liebherr-International Ag

Metso Corporation

Caterpillar Inc.

Please fill in the form below to Request for Customized Report
  
Your personal details are safe and secured with us. Privacy Policy

To request sample copy of this report, please complete the form below verified and secure

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report. This also includes a 30 minute free analyst discussion post report purchase.

  
Your personal details are safe and secured with us. Privacy Policy

    What Information does this report contain?

Purchase Options





Offers & Discounts

  • Chapter purchase
  • Historical market data
  • Country level data breakdown
  • Free customization*
  • Discounts for first time
  • Special pricing for
              non-business entities

Customize

  • We offer 20% free customization on every purchase.

Get in touch!

  +91 810 895 3541


  info@innovationmarketresearch.com