The global aerosol market size is anticipated to reach USD
97.98 billion by 2025, according to a new report by Grand View Research, Inc.
It is projected to register a CAGR of 5.49% during the forecast period. Rising
demand for aerosol products from various end-use industries such as personal
care, household, automotive and industrial, and medical is anticipated to drive
the growth.
Increasing demand for packaging in
household and food and beverage industries is expected to propel the growth of
the market for aerosol. In addition, high demand for inhalers, pain relief and
bandage spray is also expected to drive the growth over the forecast period.
Asia Pacific is among the significant
regional markets. Rising demand for personal care products from developing
countries is anticipated to propel the demand for aerosol. In addition,
increasing awareness regarding cleanliness and hygiene is boosting the growth
of household products like cleaners, sanitizing agents, and air fresheners.
Growing demand from Asia Pacific is
encouraging aerosol manufacturers to increase their production. For example, in
February 2019, Vanesa Care announced plans to setup its fourth manufacturing
facility in India. This facility would be the company’s fourth plant.
The aerosol market is highly
competitive with numerous players involved in acquisitions and expansions. In
addition, they also conduct R&D for the emerging sectors such as household
and personal care.
Browse full research report on Aerosol Market: https://www.grandviewresearch.com/industry-analysis/aerosol-market
Further key findings from the report suggest:
- Personal care application is anticipated to register a CAGR
of 5.0% over the forecast period, owing to growing demand for hair care
products
- In terms of volume, household accounted for a market share of
31.2% in 2018, owing to increasing emphasis on cleanliness in developing
countries
- In terms of revenue, Middle East and Africa is expected to
register a CAGR of 7.5% over the forecast period
- In 2017, Unilever announced a joint venture with EAC Myanmar
to expand its operations of personal care and household sectors
- Major players in aerosol market are adopting strategies like
capacity expansion to cater to growing demand. For example, in December
2016, the Fareva Group inaugurated its new aerosol plant in Henrico, VA
(U.S.).
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/aerosol-market/request/rs1
Grand View Research has segmented the global aerosol market on the
basis of application and region:
Aerosol Application Outlook (Volume, Kilotons; Revenue, USD
Million, 2014 - 2025)
- Personal
Care
- Household
- Automotive
& Industrial
- Food
- Medical
- Paints
- Others
Aerosol Regional Outlook (Volume, Kilotons; Revenue, USD Million,
2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- France
- Asia
Pacific
- China
- Central
& South America
- Brazil
- Middle
East & Africa
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 info visit @ https://www.grandviewresearch.com
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