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Global Aerosol Market to Witness 6.9% CAGR During 2016 – 2022

June 2016

According to a new market research report “Global Aerosol Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by (Household, Automotive, Paints and Varnishes, Food and Beverages, Personal Care, Insecticide and Others)” published by P&S Market Research, the global aerosol market is projected to reach $79,324.8 million by 2022, growing at a CAGR of 6.9% during the forecast period (2016 – 2022).

Explore Report Description at: https://www.psmarketresearch.com/market-analysis/aerosol-market

Global aerosol market worth $49,710.2 in 2015

As per the research, the global market for aerosol is likely to grow from $49,710.2 in 2015 to $79,324.8 in 2022. Some of the key factors driving the global growth of the global aerosol market include growth in key end-user industries, rapid industrialization in developing economies and increasing health awareness along with rising cognizance regarding personal care. The increased demand for aerosol in various food products, such as mayonnaise, chocolate, olive oil, vinegar, whipped creams, ketchup, soda and beer, is expected to further increase the demand for aerosol during the forecast period. Globally, the food habits of an individual have changed, as they are spending more on food and beverages, owing to increasing income and living standard of an individual. Personal care was the largest application of the global aerosol market followed by the household application segment. The increasing buying power, along with increasing standard of living is significantly fueling the demand for personal and household products for improved living.


Insights on the market segments

As per the findings of research, the personal care has been the largest application in the aerosol market. Additionally, insecticide is expected to be the fastest growing application segment in the global market for aerosol during the forecast period. Moreover, automotive, household and food and beverages are other major applications in the global aerosol market.

Europe stands as the largest aerosol market

Geographically, Europe has been the largest market for aerosol, where the U.K. has been the largest contributor to the regional market. Further, other major countries such as Germany and Spain are considered among the growing markets for aerosol in the region. The increasing health awareness and the growing concern for personal care and hygiene, is boosting the aerosol demand in Europe. Furthermore, strict environmental regulations are compelling the aerosol manufacturer for product innovation and developing more consumer and eco-friendly products. The automotive and insecticide industry has shown significant growth during the forecast period.

The European aerosol market is expected to witness slow growth; however, the market is likely to remain stable during the forecast period. Personal care and household application segments dominated the European aerosol market in 2015. The increasing health awareness and the growing concern for personal care and hygiene, is boosting the aerosol demand in Europe. Furthermore, strict environmental regulations are compelling the aerosol manufacturer for product innovation and developing more consumer and eco-friendly products.

Rapid industrialization in emerging economies bolsters market growth

The developing economies, such as China, India, Brazil, Korea and Malaysia are witnessing fast-paced industrialization and urbanization, creating potential market for aerosol. The increasing automobile production in India, China, Brazil, Indonesia and Germany is anticipated to drive the demand for aerosol. Asia-Pacific accounts for 50% share of the total automotive vehicles manufactured worldwide that offers a high-potential market for aerosols. Additionally, aerosols are preferred for spray paints application in automotive and paints and coatings industry.

The rapid urbanization along with infrastructural development, particularly in India, Thailand and Brazil is expected to drive the paints and coatings industry, which in turn would increase aerosol demand, during the forecast period. The increasing usage of aerosol products for stain removing, pre-wash sprays, shoe-polish, water and starch removal in leather industry and fabrics is expected to further drive the aerosol demand during the forecast period. Additionally, the growing food and beverages industry in various countries such as China, India, the UAE, and the U.S. is anticipated to fuel the demand for aerosol during the forecast period.

Top three players account for major market share

The research states that the global market for aerosol had a consolidated structure in 2015, where the top three competitors accounted for a major share of the market. Some of the key players in the global market for aerosol include Reckitt Benckiser Group Plc, Procter & Gamble Company, S C Johnson & Son, Inc., Akzo Nobel N.V., Unilever PLC, Coster Tecnologie Speciali S.p.A. and Thymes, LLC.

Product launches and strategic partnerships have been the major recent developments in the global aerosol market. For instance, Grupo Ferrer International acquired Alexza Pharmaceuticals in a deal of around $2.0 million to add Alexza Pharmaceutical’s staccato aerosol system to its drug delivery system in May 2016.

GLOBAL AEROSOL MARKET SEGMENTATION
By Application

  • Household
  • Automotive
  • Paints and varnishes
  • Food and beverages
  • Insecticide
  • Others

GEOGRAPHICAL SEGMENTATION
By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Australia
    • Japan
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Brazil
    • Middle East and Africa
    • Rest of RoW