Press Release

RISING PRODUCT INNOVATION & INCREASING INVESTMENT IN THE MEDICAL INDUSTRY COUPLED WITH GROWING DEVELOPMENT OF ECO-FRIENDLY AEROSOL PACKAGING ARE EXPECTED TO DRIVE THE GLOBAL AEROSOL MARKET – AXIOM MRC

Aerosol products are a mixture of propellant, solvent(s) and active ingredients that are packaged under pressure in a container with a valve. Aerosols offer a wide range of products from mass-market goods such as personal care and household products, to specific aerosol types dedicated for industrial or medical purposes. Furthermore, increasing awareness related to personal care has increased the demand for cosmetics, such as deodorants, antiperspirants, cream foundation, hydrating creams, sun protection cream, tanning lotions, hair sprays & styling sprays, hair shines, and others. The demand for products, like shampoo, hair foams & gels, gel toothpastes, etc., has also been growing with the increasing hygiene awareness in the population.

New York, July 3, 2019: Axiom Market Research & Consulting™ added a report on global aerosol market which includes study on various propellant type, material and application across various countries of key regions across the globe. The global aerosol market was projected to grow at a CAGR of 5.03% for the forecast period 2019 to 2025. The global market is estimated and forecasted in terms of revenue (USD billion) and volume (million unit) generated by the aerosol market.

The global aerosol study includes various propellant type, material and application across various countries of key regions around the world. Various types of propellants used in aerosol products are liquefied gas propellant and compressed propellant. Aerosol products are manufactured by various materials such as steel, aluminum, plastic and others. Furthermore, the most common applications of aerosol market are in personal care, household, automotive & industrial, foods, paints, medical and others. Moreover, the key regions considered for the study were North America, Europe, Asia-Pacific and Rest of the World.

Europe accounted for the largest regional segment of the global aerosol market in 2018

Europe seems to be promising region for aerosol market. The North America region occupied around 34.05% of share of the global aerosol market. Europe region is a highly lucrative region for the growth of the global aerosol market. The region is also the leading producer of aerosols. Its large share is mainly attributable to the personal care industry. Factors including high cosmetics consumption, rapid growth in fragrance industry, and rise in consumer spending are boosting the regional market growth.

The liquefied gas propellant dominated the global aerosol market in 2018

The market for liquefied gas propellant is mainly driven due to the superior properties exhibited by these components, such as no harm to the ozone layer and low global warming potential. These are relatively inert, non-toxic and have the advantage that the pressure within the can remains constant. The chlorofluorocarbons (CFCs), hydro fluorocarbons (HFCs), and hydrocarbons (HCs) are used in various liquefied gas propellant products.

Aluminum is anticipated to register faster growth in the product types segment

The market for aluminum is rising fast due to the sustainable and renewable nature of aluminum coupled with growing applications of aluminum aerosol cans in industries other than cosmetic is another factor driving the market.

The Personal care application accounted for the largest market share which recorded for 42.66% in 2018.

Increased penetration of aerosol format into new end-user segments and increasing demand in key end-user segments with large volumes, such as deodorants and other personal care products are rising the demand of aerosol products globally. Furthermore, introduction of new and innovative products in the market helps cater to the demand for customized packaging solutions. There is an increase in the demand for several personal care products packed in aluminum aerosol cans, including deodorants and hair sprays. Deodorant sprays are a majorly sold aerosol products in the personal care segment and their demand is expected to increase in the future.

The key companies having strong hold in aerosol vertical includes PPG Industries Inc. (United States), Procter & Gamble (United States), Reckitt Benckiser Group PLC (United Kingdom), SC Johnson Inc. (United States), Sherwin-Williams (United States), Unilever PLC (United Kingdom), AkzoNobel NV (Netherlands), Ball Corporation (United States), Colep U.K. Ltd (United Kingdom), Crown Holdings Inc. (United States), Henkel AG Co KGaA (Germany), Honeywell International Inc. (United States), Ardagh Packaging Holdings Limited (Ireland), DS Containers Inc. (United States) and BWAY Corporation (United States) among others.

Aerosol Market

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