Global Aerosol Propellants Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during the
forecast period.Global Aerosol Propellants Market, By Region
Market Definition:
The propellant is a gas used in aerosols to force the contents out of the container and for this used some organic compounds like hydrocarbons and fluorocarbon as a propellant. Some aerosols would be shaken beforehand use so that mix the medicine or other contents in the aerosol and gas propellant.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Drivers & Restraints:
Nowadays, increasing consumer consciousness towards personal health & hygiene is the key driver for the market and ensures constant growth of the global propellant market. The stable growth in the aerosol industry supported by several new product launches has remained the major driving factor for the global propellant market. Though, the dangers related to aerosol propellants and flammable & explosive properties of aerosol propellants like propane or butane are the several factors challenging the growth of the propellants market. The development and launch of environmentally friendly products can enable manufacturers to capitalize on the rising demand for greener aerosol propellants. Furthermore, the phase-out of CFCs & HCFCs and limited availability of conventional hydrocarbon propellants are also providing the growth opportunity for new & eco-friendly propellants in the market.
Market Segmentation:
The global aerosol propellants market segmented by Product Type, Application, and Region.
According to product type, the global aerosol propellants market was dominated by hydrocarbons containing propane, n-butane, and isobutene. Butane and propane are most broadly used as aerosol propellants. Correspondingly, Dimethyl ether (DME) and methyl ethyl ether are other significant propellants used in the aerosol industry. DME and methyl ethyl ether are rising in popularity among aerosol producers as they are environmentally friendly and offer potential replacement value for conventional hydrocarbon propellants. Additionally, a small volume of nitrous oxide and carbon dioxide is also being used as aerosol propellants.
As well, DME and methyl ether segment accounted for a market share of X.8% of the global market in 2018 and is expected to grow at a CAGR of X.9%, because of numerous advantages including water miscibility, solvency, and chemical stability, making it ideal for application in hairsprays & paint sprays.
Additionally, the low price of DME together with low toxicity and eco-friendly nature is expected to drive growth throughout the forecast period. Also, increasing demand for air-fresheners and cosmetic products as well as increasing use for the producing of these products is expected to force the global aerosol propellants market growth in the forecasted period.
Region-wise, Europe is expected to remain the leading market for aerosol propellants in terms of demand and is expected to command around XX.7% of total volume consumption in 2019. Also, North America was the second-largest market for aerosol propellants with a XX% share in total volume consumption in 2018. The Chinese market is the most eye-catching market for aerosol products with high growth potential in the Asia Pacific. While Europe and North America are leading the global aerosol market in future, but, is expected to come from the Asia Pacific market. Presently the aerosol market in the Asia Pacific is growing at a lethargic rate but is expected to show favorable growth trends in the future.
The objective of the report is to present a comprehensive analysis of the Global Aerosol Propellants Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Aerosol Propellants Market dynamics, structure by analyzing the market segments and project the Global Aerosol Propellants Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Aerosol Propellants Market make the report investor’s guide.
Scope of the Global Aerosol Propellants Market
Global Aerosol Propellants Market, By Product Type
• Chlorofluorocarbon
• Hydrocarbons
• Nitrous oxide and carbon dioxide
• Dimethyl ether (DME)
Global Aerosol Propellants Market, By Application
• Automotive
• Personal care
• Food & beverage
• Medical
• Household
• Others (Paint & varnishes, electronics)
Global Aerosol Propellants Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Aerosol Propellants Market
• I. du Pont de Nemours and Company
• AkzoNobel N.V.
• Honeywell International Inc.
• Royal Dutch Shell Plc.
• BOC Industrial Gases
• Shanghai Cal Custom Manufacturing & Aerosol Propellants
Co., Ltd.
• Harp International Ltd.
• Aerosol Service GmbH
• Aztec Aerosols Ltd.
• Brothers Gas Bottling and Distribution Co. LLC
• AVEFLOR, a. s.
• Aeropres Corporation
• Bayer MaterialScience AG
• Lapolla Industries Inc
• National Gas Company S.A.O.G.
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The market is likely to increase during the forecast period, owing to the development and utilization of superior propellant formulations that offer improved product dispensing capabilities.The industry comprises numerous manufacturers across the globe, who are focusing on the development of advanced products to expand their business and hence enhance their presence as key players and improve their global reach.
The industry is likely to see substantial growth over the years ahead, as a result of increased penetration of aerosol cans in various application sectors including medical, automotive, food processing and paints.
Additionally, rapid urbanization along with infrastructural developments in countries like the UAE, India and China is expected to boost the consumption of cans and thus propel the product demand.The market is heavily dependent on the availability of oil and gas products as raw materials such as natural gas and petroleum.
The price of the propellants is expected to increase due to high volatility in the prices of natural gas and petroleum along with high demand for petroleum fuels in the automotive sector.Transportation of the product is one of the key issues currently faced in the industry, owing to its highly inflammable nature.
One of the major product segments such as dimethyl ether is usually transported by means of ISO containers which provide additional convenience in terms of storage and also reduce secondary transportation cost to a certain extent.Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/aerosol-propellants-market/request-sampleProduct InsightsMethyl ether and dimethyl ether, one of the key product segments are estimated to witness growth at a CAGR of 6% during the forecast period, as these products exhibit low global warming potential and no damage to the ozone layer.
Due to the superior performance and reduced costs of the product, the demand for DME based blends is likely to increase the usage of can fillers thus enhancing the product consumption.Due to the factors including low environmental damage and higher stability the consumption of aerosol propellant gases is expected to rise over the years ahead.
The global Aerosol Propellants Market size is projected to reach USD 11 billion by 2024.
This trend is mainly observed in developing countries, like India, Thailand, etc.
Moreover, rising technological developments resulting in the production of superior propellant combinations may stimulate market demand.Growth of the Aerosol Propellants Market depends greatly on the availability of raw materials, such as crude oil and natural gas.
High production of natural gas in Asia-Pacific and North America could boost the demand for aerosol propellants in the years to come.
This in turn can propel the global market.Browse Details of Report @ https://www.hexaresearch.com/research-report/aerosol-propellants-market/The global Aerosol Propellants Market is categorized as products, applications, and regions.
This is because these gases cause minimal environmental damage and ensure greater stability.Applications comprise household, personal care, food, medical, paints, and automotive & industrial.
Global “Aerosol Propellants Market” Research Report covers the current state and the development of a growing trending industry.
This report analyzes the research on size, share, supply, export, import, revenue, details and cost analysis, sourcing strategy, technology and market impact factor.
The report also presents a detailed analysis of current and upcoming opportunities to clarify the future investment in the market.
The report additionally explores the global Aerosol Propellants market development pattern based on regional order.
The overall market impact depends on many businesses producing individual products, their expertise, the income earned by each corporation, and the methods in progress.Get a Sample Copy of the Report at -https://www.industryresearch.co/enquiry/request-sample/13642031About Aerosol Propellants Market Report: Aerosols are increasingly used in the automotive industry for spray waxes, automotive cleaner sprays, and paint sprays.
It is also used to manufacture lubricants for automobiles and as automobile paints.Top manufacturers/players: Aeropres, Akzo Nobel, Bayer MaterialScience, Honeywell International, Lapolla Industries, National Gas, Royal Dutch Shell, Aveflor, Diversified CPC, DuPont, Gerstung Aerosol, Harp International, K-G Packaging, MBC Aerosol, Pro Aerosol, Quality Aerosol, Recycle AerosolAerosol Propellants Market Segment by Regions-USAEUJapanChina and Others.The Aerosol Propellants Market report delivers a basic overview of the industry including its definition, applications and manufacturing technology.
