The Global Aerosols Market is estimated to reach revenue of $108 Billion by 2030, growing at a CAGR of 3.1% during the forecast period 2023 - 2030.
Aerosol is a sticky system that circulates solid or liquid particles through a spray tin. Solid or liquid particles drooping in the form of mist. Aerosols are widely used in paints, perfumes, household, and medical products to hold liquid droplets.
COVID-19 Impact on Aerosol Market
The novel coronavirus (COVID-19) has affected every sector including the aerosol market worldwide. The World Health Organization (WHO) declared an emergency public health issue. The demand for aerosols market has witnessed a shortfall in the first half of 2022. As the aerosol market has wide use of applications like paints, greases, lubricants, etc. The aerosols market is having a positive impact due to the novel coronavirus.
The growing consciousness in people about hygiene and personal care drives the aerosol market. The launch of new products and rising investments in the medical industry create opportunities for the market to grow in the upcoming years.
The quick investments in the industrial sector of emerging countries and the high consumption of aerosol sprays in cleaning and maintenance boost the aerosol market globally.
Also, the launch of the Environmental Protection Agency (EPA) approved aerosol cleaning products are likely to surge the aerosol market growth globally.
Increasing urbanization and industrialization globally escalates the aerosol market.
Strict regulations associated with the use of aerosol hinder the market growth during the period. The increasing demand is restricted due to the presence of fluorocarbons called hydrofluoroalkanes.
The introduction and use of alternative packaging in aerosol and knowledge about the use of aerosol for the imparting of livestock viruses hinder the aerosol market growth.
Market Size Available
2022 – 2030
2022 – 2030
By Material, Type, Application, and Region
Revenue Forecast by 2030
USD 108 Billion
North America, Europe, APAC, RoW
Market Leaders Profiled
Thymes, Reckitt Benckiser Group plc, S.C. Johnson & Son Inc., Crabtree& Evelyn Ltd, Akzo Nobel N.V., Proctor & Gamble, Honeywell, Unilever, Henkel AG, Others
The research report of the aerosol market has been segmented and sub-segmented based on material, type, and application.
Aluminum by material holds the largest share in the aerosol market in 2022. Aluminum is an eco-friendly material and can be recycled many times. There is a considerable increase in aluminum costs leading to the expensive
nature of aerosol products.
• Bag-on-Valve (BoV)
Bag-on-valve dominates the aerosol market in terms of value. Bog-on-valve (BoV) is a packing technology where the bag containing the product is allied to the faucet. Generally, medical, food products and cosmetics are packed in aerosol with bag-on-valve to maintain the purity of the product. The bag is made up of four layers of laminates reducing the oxidation possibility, assuring product integration. The above are advantages that attract manufacturers to adopt BoV aerosol. All the factors and advantages boost the aerosol market growth.
• Insecticides & Plant Protection
• Air Fresheners
• Furniture & Wax Polishes
• Automotive & Industrial
• Spray Oils
• Whipped Cream
• Edible Mousse
• Sprayable Flavours
• Topical Application
Based on application, the personal care segment is likely to hold the largest share in the aerosol market of 38% in 2022. The market growth of the segment is due to the increasing demand for hair care products and deodorants. Factors like lifestyle changes, and growing consumer expenditure boosts the demand for personal care products.
The automotive and industrial segment is one prominent application segment owing to growing consumer awareness regarding the maintenance and appearance of vehicles. This, in turn, escalates the demand for the aerosol market.
The medical segment growth attributes to the growing need for dry powder inhalers and metered dose inhalers.
Aerosol Market - By Region
The North American aerosol market is expected to have significant growth throughout the forecast period. The U.S and Canada are the major contributors to the aerosol market. The United States is dominating the aerosol market in North America. The rising pharmaceutical industry fuels the aerosols market.
European aerosol market accounts for the highest share in terms of revenue. The region's market growth owes to the growing demand for personal care products like shampoo, and conditioners in UK, Germany, France, and Italy. The market growth in Europe owes to the aerosols in personal care particularly in skincare products, and automotive and industrial sectors. Germany leads the aerosol market with the highest growth rate. The growth in Germany is due to a quick increase in automobile production.
However, Asia-Pacific is expected to grow with the quickest growth rate in the aerosol market during the forecast period. The region's growth is due to the growing demand for personal care products, and rising investments in the medical industry. China is witnessing considerable growth due to the demand for aerosol in the region. The market growth in China is due to strong demand for the automotive industry, and the growing construction and architectural projects. The country is subsequently focusing on the rising production and sale of electric vehicles.
The Indian aerosol market is growing sharply. The quick expansion in the manufacturing sector and the industrial aerosols surge the Indian market growth. The Indian aerosol market is to exhibiting growth due to extraordinary performance in the manufacturing sector. According to the India Brand Equity Foundation, the market is projected to showcase splendid growth in the aerosol market throughout the timeline period.
Latin American aerosol market is said to have a constant and steady growth rate over the period. Brazil, Mexico, and Chile are the major contributors in the region. Brazil is anticipated to lead the market with the highest share in the aerosol market.
The aerosol market in Middle East & Africa is said to be the quickest growing region globally. UAE and Saudi Arabia are leading countries in the aerosol market, especially in personal care products throughout the forecast period. In countries like Saudi Arabia, UAE, and Kuwait, the presence of hypermarkets like Carrefour and Lulu Hypermarket has assured retail distribution for consumer products.
Aerosol Market- By Company
Henkel AG & Co., Reckitt Benckiser, Crabtree & Evelyn, Thymes LLC, S.C. Johnson, Uniliver, Proctor & Gamble, Royal Dutch Shell PLC, Honeywell International Inc., The Chemours Company, Arkema Group, and Akzo Nobel N.V.
Recent Developments in Aerosol Market
• On February 25, 2022, Procter & Gamble launched a new cleaning brand known as Microban 24. The launch of the new product is touching the market as there is an increasing interest in cleaning products.
TABLE OF CONTENTS
Chapter 1. Aerosol Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Aerosol Market – Executive Summary
2.1. Market Size & Forecast – (2021 – 2026) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2021 - 2026
2.3.2. Impact on Supply – Demand
2.3.3. Impact on Production Cost
2.3.4. Impact on Supply Chain
Chapter 3. Aerosol Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Aerosol Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Aerosol Market – Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Aerosol Market – By Type
6.1. Bag-on-Valve (BoV)
Chapter 7. Aerosol Market – By Material
Chapter 8. Aerosol Market – By Application
8.1. Commercial (Automotive/Industrial/Paints and Varnishes)
8.2. Personal Care
8.4. Food & Beverages
Chapter 9. Aerosol Market , By Geography – Market Size, Forecast, Trends & Insights
9.1. North America
9.2.7. Rest of Europe
9.3. Asia Pacific
9.3.2. South Korea
9.3.5. Australia & New Zealand
9.3.6. Rest of Asia-Pacific
9.4. Rest of the World
9.4.1. Middle East
9.4.3. South America
Chapter 10. Aerosol Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
10.1. Company 1
10.2. Company 2
10.3. Company 3
10.4. Company 4
10.5. Company 5
10.6. Company 6
10.7. Company 7
10.8. Company 8
10.9. Company 9
10.10. Company 10
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