Global Market Analysis Report of Chemicals and Materials Industry: Aerosol Market Share

Thursday 22 October 2020

Global Aerosol Market Size, Share, Demand, and Future Scope

As the disposable income of people is growing and the consciousness towards physical appearance is increase, the demand for different cosmetic and personal care products is increasing as well. Owing to the strong and rapid penetration of social media, people are becoming more and more concerned regarding how they are perceived by others. This has led to a high adoption of personal grooming products by both men and women. Other than this, the e-commerce industry is flourishing at the present time. Different social media platforms are also increasingly being utilized by cosmetic companies to promote their products.

This rapid growth of the cosmetic and personal care industry is further driving the demand for aerosols. While aerosols occur naturally as well in the form of forest exudates, fog, sea spray, and sand, products such as cigarette smoke, deodorants, and exhaust emissions create what is called anthropogenic aerosols. These particles are present everywhere and are encountered on a daily basis, especially by people living in urban areas. As per a report by P&S Intelligence, the global aerosol market is projected to attain a value of over $75,208.9 million by 2023, rising from $53,871.6 million in 2017, advancing at a 5.8% CAGR during the forecast period (2018–2023).

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Other than personal care products, aerosols also find applications in household items, insecticides, automotive industry, food & beverages industry, and paints & varnishes. In the past, the largest demand for aerosols was created for personal care products. Aerosols have extensive applications in a number of personal care products such as anti-perspirants, shampoos, body sprays, deodorants, foams, and hair sprays. In addition to this, the growing demand for aerosol-based products from both aged and young people is positively affecting the domain. Moreover, people these days are becoming increasingly inclined towards using organic products, which is resulting in the high demand for organic aerosol products.

Geographically, the largest demand for aerosols was created in the European region in the past, which is because of the improved ultraviolet protection provided to different food & beverages, personal care, and medical products by aerosols. Other than this, the demand for aerosols is also projected to increase in Asia-Pacific in the near future, thereby making it the fastest-growing aerosol market. The major reasons for this are the swift expansion of the personal care industry and growing adoption of aerosol-based products in household applications in the region.

In conclusion, the growth of the personal care industry across the globe is driving the demand for aerosols.

This market research report provides a comprehensive overview of the Aerosol Market

    Historical and the present size of the Aerosol Market
    Future potential of the market through its forecast for the period 2018– 2023
    Major factors driving the market and their impact during the short, medium, and long terms
    Market restraints and their impact during the short, medium, and long terms
    Recent trends and evolving opportunities for the market participants
    Historical and the present size of the market segments and understand their comparative future potential

Manish Baghel 0

Tuesday 11 February 2020

Global Aerosol Market Growth 05:47

How is Expansion of Different Industries Driving Aerosol Market?

Several industries are witnessing considerable growth as the developing countries, including Malaysia, China, India, and Brazil, are registering swift industrialization. For example, the food & beverages industry in the U.S., China, and India is growing due to the rising disposable income of people. The living standards and food habits of consumers are changing, which is why they are spending increasingly on different food and beverage items. Similarly, the automotive industry is also registering considerable growth, as people are able to spend more on automobiles for their personal use. These industries make extensive utilization of aerosol products for different applications, which is why their growth is resulting in the increasing demand for aerosol.

Aerosol is a substance that is packaged under pressure and is dispensed and released as a fine spray by means of propellant gas through a container. As per a report by P&S Intelligence, in 2017, the global aerosol market reached a value of $53,871.6 million and is expected to attain $75,208.9 million in 2023, witnessing a 5.8% CAGR during the forecast period (2018–2023). Among the different regions, namely Asia-Pacific, Europe, North America, and Rest of the World, Europe created the largest demand for aerosol during 2013–2017. The fastest growth in demand is expected to be generated by the APAC region in the coming years.

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There are several applications of aerosol including insecticide, household, personal care, food & beverages, paints & varnishes, and automotive. Some other applications are technical and medical. Out of these, the highest demand for aerosol was created for the personal care application during 2013–2017 and the situation is projected to remain the same during the forecast period as well. The fastest growth in demand for aerosol is expected to be witnessed by the insecticide application in the near future. The utilization of aerosols as insecticides generate less waste than other insecticides, since they are designed to deliver a specific amount of poison and are metered.

The expanding personal care industry is a key driving factor of the aerosol market, owing to the fact that aerosols are utilized widely in several products, including dry shampoo, body spray, hair spray, shave cream, deodorant, and mousse foundation, in the personal care industry. The growth of the personal care industry is taking place because of the rising disposable income of people, which is allowing them to spend on luxury personal care products. In addition to this, the development of advanced and enhanced products, such as cosmeceutical (pharmaceutical & topical cosmetics) and other multifunctional products is further predicted to drive the industry.

The rising requirement for aerosols in packaging applications for different products, such as insecticides, household cleaners, paint sprays, & cosmetics, is opening up wide opportunities for players operating in the aerosol domain. Aerosol packaging provides easy application of insecticides and household products, without any skin contact, which is a significant characteristic for these products. Apart from this, aerosol products have a longer shelf life and remain fresh for a long time. This is projected to drive the demand for aerosol products in the near future.

Manish Baghel 0