Global Aerosol Propellants Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during the forecast period.Global Aerosol Propellants Market, By Region
To know about the Research Methodology :- Request Free Sample Report
Global Aerosol Propellants Market Definition:
The propellant is a gas used in aerosols to force the contents out of the container and for this used some organic compounds like hydrocarbons and fluorocarbon as a propellant. Some aerosols would be shaken beforehand use so that mix the medicine or other contents in the aerosol and gas propellant.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Global Aerosol Propellants Market Drivers Restraints:
Nowadays, increasing consumer consciousness towards personal health hygiene is the key driver for the market and ensures constant growth of the global propellant market. The stable growth in the aerosol industry supported by several new product launches has remained the major driving factor for the global propellant market. Though, the dangers related to aerosol propellants and flammable explosive properties of aerosol propellants like propane or butane are the several factors challenging the growth of the propellants market. The development and launch of environmentally friendly products can enable manufacturers to capitalize on the rising demand for greener aerosol propellants. Furthermore, the phase-out of CFCs HCFCs and limited availability of conventional hydrocarbon propellants are also providing the growth opportunity for new eco-friendly propellants in the market.
Global Aerosol Propellants Market Segmentation:
The global aerosol propellants market segmented by Product Type, Application, and Region.
According to product type, the global aerosol propellants market was dominated by hydrocarbons containing propane, n-butane, and isobutene. Butane and propane are most broadly used as aerosol propellants. Correspondingly, Dimethyl ether (DME) and methyl ethyl ether are other significant propellants used in the aerosol industry. DME and methyl ethyl ether are rising in popularity among aerosol producers as they are environmentally friendly and offer potential replacement value for conventional hydrocarbon propellants. Additionally, a small volume of nitrous oxide and carbon dioxide is also being used as aerosol propellants.
As well, DME and methyl ether segment accounted for a market share of X.8% of the global market in 2018 and is expected to grow at a CAGR of X.9%, because of numerous advantages including water miscibility, solvency, and chemical stability, making it ideal for application in hairsprays paint sprays.
Additionally, the low price of DME together with low toxicity and eco-friendly nature is expected to drive growth throughout the forecast period. Also, increasing demand for air-fresheners and cosmetic products as well as increasing use for the producing of these products is expected to force the global aerosol propellants market growth in the forecasted period.
Region-wise, Europe is expected to remain the leading market for aerosol propellants in terms of demand and is expected to command around XX.7% of total volume consumption in 2019. Also, North America was the second-largest market for aerosol propellants with a XX% share in total volume consumption in 2018. The Chinese market is the most eye-catching market for aerosol products with high growth potential in the Asia Pacific. While Europe and North America are leading the global aerosol market in future, but, is expected to come from the Asia Pacific market. Presently the aerosol market in the Asia Pacific is growing at a lethargic rate but is expected to show favorable growth trends in the future.
The objective of the report is to present a comprehensive analysis of the Global Aerosol Propellants Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Aerosol Propellants Market dynamics, structure by analyzing the market segments and project the Global Aerosol Propellants Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Aerosol Propellants Market make the report investor’s guide.
Scope of the Global Aerosol Propellants Market: Inquire before buying
Global Aerosol Propellants Market, By Product Type
• Nitrous oxide and carbon dioxide
• Dimethyl ether (DME)
Global Aerosol Propellants Market, By Application
• Personal care
• Food beverage
• Others (Paint varnishes, electronics)
Global Aerosol Propellants Market, By Region
• North America
• Asia Pacific
• Middle East Africa
• South America
Key players operating in the Global Aerosol Propellants Market
• I. du Pont de Nemours and Company
• AkzoNobel N.V.
• Honeywell International Inc.
• Royal Dutch Shell Plc.
• BOC Industrial Gases
• Shanghai Cal Custom Manufacturing Aerosol Propellants
• Harp International Ltd.
• Aerosol Service GmbH
• Aztec Aerosols Ltd.
• Brothers Gas Bottling and Distribution Co. LLC
• AVEFLOR, a. s.
• Aeropres Corporation
• Bayer MaterialScience AG
• Lapolla Industries Inc
• National Gas Company S.A.O.G.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.