Aerosol Propellants Market from industrial and automotive applications are likely to continue the growth trend with anticipated growing CAGR of above 4.5% during the Forecast period. Rising demand for sealants, adhesives, lubricants is expected to propel the industry growth. Hydrocarbon propellants expected to exhibit stable growth by 2022.
Growth in infrastructure spending and automobile production in various countries has attributed to the growth in demand of paints in construction and automotive sectors and is likely to further industry growth. Health and environmental problems associated with propellants used in aerosol products are likely to restrain aerosol propellants market growth.
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The aerosol propellants market growth is attributed to rising awareness for household hygiene like disinfectants, insect repellents and air fresheners and personal care products like deodorant, dry shampoo, hairspray, sheen spray, shine spray, body spray, mousse, temporary hair color spray and shaving cream, etc. among consumers. Innovations and the advent of technology is like to further the growth. The demand in the personal care product segment is forecast to reach 6,700 million units at a growing CAGR of 2.9% during the predicted time frame.
Aerosol propellants market has witnessed a major upswing subject to the rapid technological developments including airless dispensers and Stahl Monoblock cans. This has substantially raised the product demand in medical applications, paints & coatings, and the household sector. Aerosol propellants find prominent applications in personal care products such as hair care, deodorants, infant care, skin care, and antiperspirants. Rise in the sales of personal hygiene products has led to aerosol propellant market earning a substantial revenue of over USD 10 billion by 2022 from personal care applications. Nitrous oxide and carbon dioxide based aerosol propellants are majorly used in personal care product applications. Dimethyl ether & methyl ethyl based aerosol propellants market is estimated to generate revenue over USD 3 billion by 2022. The properties such as solvency and water miscibility of dimethyl ether has made aerosol propellants viable for spray paints and hairspray applications.
The established automotive industry in Europe is one of the most promising growth drivers that has raised the bar of the regional aerosol propellants market. Increase in the production of automobiles has led to greater demand for automotive spray paints, lubricants, adhesives, and interior cleaners. UK, Germany, and France are the leading countries of Europe which have demonstrated sturdy growth prospects. As per estimates, Europe aerosol propellants industry is set to exceed 4.8 million tons by 2022. Moreover, the consumer trend of paying the premium prices for eco-friendly products derived from biomass has been gaining considerable traction in the region. This has prompted an increase in the use of bio-DME products, which in turn has benefited the growth of the overall aerosol propellants market.
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The report covers the analysis of the key players in the aerosol propellants market, profiles, competitive scenario and business strategies. Strict Government regulations regarding aerosol propellants are discouraging the new market participants owing to considerable amount of investment during the start-up phase. Key market players include Honeywell, Covestro, Harp International, Lapolla Industries, Aeropres Corporation, AkzoNobel, Lapoll and Avalos.
Major Point From Table Of Content:
3.1 Industry segmentation
3.2 Industry size and growth prospects, 2012 – 2022
3.3 Industry ecosystem analysis
3.3.1 Supply Landscape
3.3.2 Production Landscape
3.4 Industry impact forces
3.5 Growth drivers
220.127.116.11 Increasing demand for aerosol products
18.104.22.168 Growth of aerosol consumption in personal care
22.214.171.124 Growing paints & coatings industry in Asia Pacific
3.5.2 Industry Pitfall & Challenges
126.96.36.199 Environment concerns
3.6 Growth potential analysis
3.7 Porter’s analysis
3.8 Company market share analysis, 2014
3.8.1 Strategic dashboard
3.9 PESTEL analysis
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