San Francisco, Oct 16 The
global aerosol
market size is expected to reach USD 123.98 billion by 2025,
according to a new report by Grand View Research, Inc. Increasing demand for
aerosol products for packaging products such as insecticides and household
cleaners is expected to emerge as the primary growth driver over the forecast
period.
The
market is expected to be driven by the rising demand for aerosol based
pharmaceutical products such as pain relief sprays, inhalers, and drug delivery
systems. In addition, the industry is likely to exhibit high growth on account
of demand for personal care products such as hair sprays, mousses, and shaving
foams.
Rising
concerns regarding the personal hygiene coupled with high demand for deodorants
primarily in Asia Pacific is expected to emerge as a major driver for the
market growth over the next nine years. In addition, the market for personal
care aerosols is expected to be driven by the increasing product launches by
major manufacturers such as Unilever and Procter and Gamble Co.
Increasing
product innovation pertaining to the use of aerosol based food products such as
spray oils and salad dressings is expected to emerge as the major growth driver
over the forecast period. In addition, rising development of advanced
propellant mixtures is expected to alleviate consumer concerns regarding
toxicity of propellants, leading to an increased affinity towards aerosols.
Browse
full research report on Aerosol
Market: www.grandviewresearch.com/industry-analysis/aerosol-market
Further key findings from the study suggest:
- Household
emerged as one of the major application segments accounting for over 31%
of the global volume in 2015 and is likely to exhibit substantial growth
on account of increasing consumption of air fresheners and bug sprays
- The demand
volume of the product in medical application is expected to register a
CAGR of over 5% from 2016 to 2025 on account of growing new product
launches coupled with ease of application achieved through use of aerosol
based products
- The market in
Asia Pacific is expected to grow at a CAGR of over 7% from 2016 to 2025,
on account of rapid development of the personal care industry coupled with
increasing penetration of the compound in household products
- The market in
the U.S. is expected to account for over 86% of the revenue demand in
North America in 2015 on account of high adoption by the consumers in the
economy coupled with the high disposable income enabling the purchase of
higher priced products
- Major market
players such as Procter & Gamble Co, Unilever, Beiersdorf AG rely on
new product launches and innovations in the design as the major
instruments employed for increasing the market share. The companies are
also involved in strategies such as mergers & acquisitions, and
capacity additions to increase the revenues.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand
View Research has segmented the global aerosol market on the basis of
application and region:
Application
Outlook (Volume, million units; Revenue, USD million, 2014 - 2025)
- Personal care
- Household
- Automotive
& Industrial
- Food
- Paints
- Medical
- Others
Regional
Outlook (Volume, million units; Revenue, USD million, 2014 - 2025)
- North America
- U.S.
- Europe
- UK
- Germany
- Asia Pacific
- China
- Latin America
- Brazil
- Middle East
& Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-aerosol-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information:
www.grandviewresearch.com
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