Global Market Analysis Report of Chemicals and Materials Industry

LightBlog

Breaking

Showing posts with label Global Aerosol Market size. Show all posts
Showing posts with label Global Aerosol Market size. Show all posts

Thursday, 22 October 2020

23:13

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).


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