Rising use of aerosol propellants for residential purposes and in medicine, and in paints and coatings are increasing the demand for aerosol propellants. Unfailing and stable demand from the industry of aerosols is likely to be a main component, driving the worldwide aerosol market ahead. An aerosol spray consists of chemicals, known as propellants.
These propellants are used to create pressure that forces the contents out of the nozzle, when discharged. Thus, these are vital constituents of aerosol sprays. Productivity of the volume of the aerosol market is predicted to rise during the next three years. It is projected to expand in the world from 2012 to 2017, at a CAGR of about 3 percent.Aerosol Market Research Report Available @ http://www.grandviewresearch.com/industry-analysis/aerosol-market
The number of cans will increase from about 14 billion cans in 2012 to 16 billion cans by 2017. The aerosol market is projected to achieve a size of about USD 70 billion by 2020. It is likely to develop likewise in the future as well, owing fundamentally to the increasing use of aerosol sprays in household applications and personal care.
The aerosol market relies mainly on requirement dynamics across different applications, inclusive of household, personal care, medicine, paints, etc. Growing consciousness of clients towards cleanliness and fitness and their increasing requirement for various commodities are primary components that drive the market ahead.
A vital component, driving the demand for propellants is the consistent expansion of the aerosol market. Nonetheless, different dangers with regard to health and environment are linked with the utilization of propellants in aerosol products. This is something that holds back the market.
The market of aerosol propellants is led forward by hydrocarbons. Also, the creation of environment friendly and inventive aerosol propellants is predicted to provide key prospects for the growth of the members of this industry. As hydrocarbons are reasonably priced and well-suited to other propellants, they are used extensively in aerosol products.
Hydrocarbons, that consisted of n-butane, propane and isobutane made up for more than 80 percent of the market share in 2012. This share was with respect to the volume of aerosol propellants market that year. The worldwide aerosol market is fragmented into applications and regions. These aspects are described below.
Personal care dominated the aerosol market in 2013 in terms of applications. It occupied more than 40 percent of the market demand that year.
Household followed personal care in that year and was second biggest in the applications sector. It is predicted to be propelled ahead by increasing demand for residential commodities.
The aerosol market is also fragmented on the basis of regions. These are Europe, Asia Pacific, North America and the rest of the world.
Europe was the leading market in 2013 and occupied more than 35 percent of the worldwide volume in the same year. North America followed Europe with regard to dominating the market that year and was the next biggest.
Europe and North America are predicted to drop their share in the market to Latin America and Asia Pacific in the near future. Aerosol Market Trends
Source: Grand View Research