Dublin, March 25, 2021 (GLOBE NEWSWIRE) -- The "Aerosol Market Research Report: By Propellant Type, Product Type, Packaging Material, End Use - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global aerosol market size is predicted to experience a 6.4% CAGR between 2020 and 2030, to reach $149.7 billion in 2030 from $81.1 billion in 2019.
The increasing disposable income is allowing people around the world to spend on dry shampoos, hair sprays, shaving creams, deodorants, mousse foundations, and other personal care products.
The key reason behind the increasing demand for personal care products is the increasing awareness about personal hygiene. Moreover, the launch of innovative personal care products is a strong aerosol market driver, as is the advent of cosmeceuticals. For instance, in September 2019, Dove introduced an aluminum-free deodorant, while in August 2020, NIVEA launched a deodorant containing milk.
During the COVID-19 crisis, many manufacturing plants, except those producing essential commodities, were shut down to contain the spread of the disease. This negatively affected the aerosol market, as the production and sales of lubricants, paints, cleaners, and greases declined significantly. However, with a drop in cases, governments around the world have begun lifting the lockdown, which is expected to propel the market on the path to resurgence from 2021.
Aerosol Market Segmentation Analysis
The liquified gas bifurcation, under the propellent type segment, is projected to witness the higher value CAGR, of 6.5%, in the aerosol market during this decade. Products packed with liquified gas are under enough pressure to come out of the can easily. With the reduction in the amount of the actual product inside the can, more propellent evaporates to create ample pressure to force the product out.
In the years to come, the aerosol market, on the basis of product type, will be dominated by the hydrocarbons category. The usage of hydrocarbons, such as propane, butane, and isobutane, as the propellent leads to the creation of ample pressure and reservation of almost 85% of the space inside the can for the actual product.
The aluminum classification held the largest share in the aerosol market in the past, based on packaging material. Aluminum cans are lightweight, recyclable, and aesthetically pleasing, which drives the usage of this metal for packaging aerosols.
Presently, the highest revenue for the companies in the aerosol market is generated by the personal care category, under segmentation by end use. The demand for hair setting sprays, deodorants, and make-up setting sprays is continuously rising with people's growing purchasing power, thereby driving the consumption of aerosols.
Europe has been the largest aerosol market till now, on account of the rising demand for personal care products, especially those used for skincare purposes. Other sectors of the continent where the requirement for aerosolized products is high include automotive, industrial, and household. The fastest growth in the market in the years to come is expected in Asia-Pacific (APAC), as a result of the surging sales of shampoos, conditioners, liquid soaps, shower gels, antiperspirants, deodorants, and men's grooming products.
Major players in the global aerosol market are Arkema Group, Akzo Nobel N.V., The Chemours Company, Linde Plc, Henkel AG & Co. KGaA, Royal Dutch Shell p.l.c., Diversified CPC International, Honeywell International Inc., Grillo-Werke AG, and Emirates Gas LLC.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Propellant Type
22.214.171.124 Liquefied gas
126.96.36.199 Compressed gas
4.1.2 By Product Type
188.8.131.52 Nitrous oxide & carbon dioxide
4.1.3 By Packaging Material
4.1.4 By End Use
184.108.40.206 Personal care
220.127.116.11 Food products
18.104.22.168 Paints & coatings
22.214.171.124 Automotive & industrial
126.96.36.199.3 Spray oils
4.2 Market Dynamics
188.8.131.52 Shift in preference toward organic aerosol products
184.108.40.206 Increasing demand from the personal care sector
220.127.116.11 Rapid industrialization in emerging economies
18.104.22.168 Impact analysis of drivers on market forecast
22.214.171.124 Hazardous effects of aerosol products
126.96.36.199 Impact analysis of restraints on market forecast
188.8.131.52 Surging investments in product packaging
4.3 Impact of COVID-19
4.3.1 Global Manufacturing Output
184.108.40.206 Contribution of countries toward global manufacturing output
220.127.116.11 Contribution of countries toward global export and import (2019)
18.104.22.168.1 Top 20 countries by export
22.214.171.124.2 Top 20 countries by import
4.3.2 Global Scenario of COVID-19 Impact
126.96.36.199 Global GDP growth
188.8.131.52 Assessment of COVID-19 Impact on GDP and Economic Forecast
4.3.3 Impact of COVID-19 on Global Aerosol Market
4.4 Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.6 Technology Overview
4.7 Regulatory Framework Analysis
4.7.1 European Aerosol Federation
4.7.2 European Commission
4.7.3 U.S. Food and Drugs Administration (FDA)
4.7.4 U.S. Environmental Protection Agency (EPA)
4.7.5 Health Canada
Chapter 5. Global Market Size and Forecast
5.1 By Propellant Type
5.2 By Product Type
5.3 By Packaging Material
5.4 By End Use
5.4.1 Automotive & Industrial Aerosol Market, by Application
5.5 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Major Country Markets: Segment Analysis
11.1 U.S. Aerosol Market
11.2 China Aerosol Market
11.3 Germany Aerosol Market
11.4 France Aerosol Market
11.5 India Aerosol Market
Chapter 12. Competitive Landscape
12.1 Market Share Analysis of Key Players
12.2 Competitive Benchmarking of Key Players
12.3 List of Other Players
12.4 Strategic Developments in the Market
Chapter 13. Company Profiles
Akzo Nobel N.V.
The Chemours Company
Royal Dutch Shell p.l.c.
Henkel AG & Co. KGaA
Honeywell International Inc.
Diversified CPC International
Emirates Gas LLC
For more information about this report visit https://www.researchandmarkets.com/r/mbp36r
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