Aerosol Propellants Market, By Product (Nitrous Oxide and Carbon Dioxide, DME and Methyl Ethyl Ether, and Hydrocarbons), By Application (Automotive & Industrial, Household, Medical, Personal Care, and Paints & Coatings, Foods), and By Geography (EU, NA, APAC, LATAM, and MEA) – Analysis, Size, Share, Trends, & Forecast from 2021-2027
REPORT HIGHLIGHT
The global aerosol propellants market was valued at USD 8.23 billion by 2019, growing with 6.1% CAGR during the forecast period, 2021-2027.
The propellants used in the manufacturing of products including air freshness, shaving creams, deodorants, hair mousse, and others. The aerosol propellants use compressed or liquefied gas to propel active ingredients in the paste, powder, or liquid form in precise patterns with controlled droplets amounts and sizes.
Market Dynamics
The world aerosol propellants market is a developed market and is estimated to witness significant growth throughout the forecast period. The rising demand for personal care products along with growing demand for aerosol products such as paints, air freshness, and others are the key factors for the growth of the global aerosol propellants market. The rising consumer spending on fragrances is another key factor for the market growth.
Furthermore, the increasing skincare industry in the developing economies along with growing product demand in the automotive industry is another key reason for the global aerosol propellants market growth during the review period. However, the stringent government regulations on the use of aerosol propellants are the key restraint anticipated to hinder the market growth in the years to come.
Material Takeaway
Based on material, the global aerosol propellants market is further bifurcated into nitrous oxide and carbon dioxide, DME and methyl ethyl ether, hydrocarbons, and others. The hydrocarbons category accounted for the major share in the global aerosol propellants in 2019 and had more than 30% of the market revenue share in 2019. This is ascribed to high stability, low cost, and less toxicity of hydrocarbons. The hydrocarbons propellants are majorly used in the pharmaceutical industry owing to non-reactivity and non-toxicity along with the eco-friendly nature of hydrocarbons propellants are further estimated to enhance category growth in the years to come.
Besides, the DME and methyl ethyl ether category are projected to grow at a substantial CAGR during the forecast period. This is mainly owing to numerous advantages such as solvency, chemical stability, and water miscibility which is ideal for application in paint sprays, hair sprays, and others.
Application Takeaway
On the basis of application, the global aerosol propellants market is bifurcated into automotive & industrial, household, medical, personal care, paints & coatings, foods, and others. The personal care category accounted for the major share in the global market in 2019 and had more than 1/3rd of the market revenue share in 2019. The growing demand for hygiene products such as skincare, haircare, deodorants, infant care, and others along with the increasing health issues are anticipated to enhance the personal care category.
On the other hand, the household category is estimated to witness lucrative growth over the upcoming years owing to the rising application of aerosol propellants in homes for starch fabrics, stain removers, water repellents, air freshness, and others.
Regional Takeaway
On the basis of geographical analysis, the global aerosol propellants market is categorized into five geographies North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In 2019, Europe accounted for the highest share and had more than 30% of the global revenue share in the same year. The presence of cosmetic product manufacturers in the region along with the rising use of personal care products in the region. Furthermore, the growing adoption of aerosol products in the region is another key factor for market growth in the years to come.
Besides, Asia Pacific is expected to witness the fastest growth over the upcoming years due to the growing demand for personal care products along with the rising adoption of aerosol-based products in the region. China is estimated to have a major share in the Asia Pacific aerosol propellants market in 2019 and is estimated to continue its dominance over the forecast period.
COVID-19 Impact
The COVID-19 pandemic had an enormous impact across numerous industries including oil & gas, manufacturing, electronics, supply chain, and others. To fight against the COVID-19 outbreak various countries such as India, the U.K., the U.S., Germany, and others had announced complete lockdown or partial lockdown due to which manufacturing industry across the globe is severely impacted. The COVID-19 pandemic had a severe impact on the global aerosol propellants market. The demand for aerosol propellants during the COVID-19 period has decreased owing to the halt in the manufacturing industry across the globe.
Key Vendor Takeaway
Some of the prominent players operating in the industry include Aveflor, Volcke Aerosol Company NV, DU Pont, Diversified CPC International Inc., Honeywell International Inc., National Gas Company SAOG, Aeropres Corporation, Harp International, BOC Industrial Gases, Shanghai Cal Custom Manufacturing & Aerosol Propellants Co., Ltd., Lapolla Industries, K-G Packaging, Emirates Gas, Bayer AG, Aerosol Service GmbH, UNIGAS Europe and Repsol S.A. among others.
The industry is highly fragmented in nature owing to the presence of a large number of major players at global, regional, as well as country level. Apart from this, with the rising demand for aerosol propellants, the industry participants have prominently adopted numerous market growth strategies such as merger & acquisition, collaboration, strategic partnerships, and product launches to retain its position on the world level.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2016 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2021 to 2027
TARGET AUDIENCE
- Manufacturers
- Raw Material Suppliers
- Distributors
- Software Vendors
- Research Organizations
- Consulting Firms
- Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL AEROSOL PROPELLANTS MARKET KEY PLAYERS
- Aveflor
- Volcke Aerosol Company NV
- DU Pont
- Diversified CPC International Inc.
- Honeywell International Inc.
- National Gas Company SAOG
- Aeropres Corporation
- Harp International
- BOC Industrial Gases
- Shanghai Cal Custom Manufacturing & Aerosol Propellants Co., Ltd.
- Lapolla Industries Inc.
- K-G Packaging
- Emirates Gas
- Bayer AG
- Aerosol Service GmbH
- UNIGAS Europe
- Repsol S.A.
GLOBAL AEROSOL PROPELLANTS MARKET, BY PRODUCT
- Nitrous Oxide and Carbon Dioxide
- DME and Methyl Ethyl Ether
- Hydrocarbons
- Others
GLOBAL AEROSOL PROPELLANTS MARKET, BY APPLICATION
- Automotive & Industrial
- Household
- Medical
- Personal Care
- Paints & Coatings
- Foods
- Others
GLOBAL AEROSOL PROPELLANTS MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. AEROSOL PROPELLANTS MARKET OVERVIEW
1.1. Study Scope
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. AEROSOL PROPELLANTS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. AEROSOL PROPELLANTS INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. AEROSOL PROPELLANTS MARKET: COVID-19 IMPACT ANALYSIS
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. AEROSOL PROPELLANTS MARKET LANDSCAPE
6.1. Market Share Analysis, 2019
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. AEROSOL PROPELLANTS MARKET – BY PRODUCT
7.1. Overview
7.1.1. Segment Share Analysis, By Product, 2020 & 2027 (%)
7.2. Nitrous Oxide and Carbon Dioxide
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.3. DME and Methyl Ethyl Ether
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.4. Hydrocarbons
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.5. Others
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8. AEROSOL PROPELLANTS MARKET – BY APPLICATION
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2020 & 2027 (%)
8.2. Automotive & Industrial
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.3. Household
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.4. Medical
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.5. Personal Care
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.6. Paints & Coatings
8.6.1. Overview
8.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.7. Foods
8.7.1. Overview
8.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.8. Others
8.8.1. Overview
8.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9. AEROSOL PROPELLANTS MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.2.4. North America Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.2.5. North America Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.6.3. U.S. Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.2.6.4. U.S. Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.7.3. Canada Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.2.7.4. Canada Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.3.4. Europe Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.3.5. Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.6.3. Germany Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.3.6.4. Germany Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.7.3. Italy Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.3.7.4. Italy Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.8.3. United Kingdom Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.9.3. France Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.3.9.4. France Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.10.3. Rest of the Europe Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.3.10.4. Rest of the Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.4.4. Asia Pacific Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.6.3. India Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.4.6.4. India Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.7.3. China Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.4.7.4. China Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.8.3. Japan Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.4.8.4. Japan Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.9.3. South Korea Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.4.9.4. South Korea Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.4.10. Rest of APAC
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.10.3. Rest of APAC Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.4.10.4. Rest of APAC Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.5.4. Latin America Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.5.5. Latin America Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.6.3. Brazil Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.5.6.4. Brazil Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.7.3. Mexico Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.5.7.4. Mexico Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.8.3. Argentina Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.5.8.4. Argentina Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.5.9. Rest of LATAM
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.9.3. Rest of LATAM Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.5.9.4. Rest of LATAM Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.6.4. Middle East and Africa Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.6.8. Rest of MEA
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.8.3. Rest of MEA Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.6.8.4. Rest of MEA Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
10. KEY VENDOR ANALYSIS
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. Aveflor
10.2.1.1. Company Snapshot
10.2.1.2. Financial Performance
10.2.1.3. Product Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. Volcke Aerosol Company NV
10.2.3. DU Pont
10.2.4. Diversified CPC International Inc.
10.2.5. Honeywell International Inc.
10.2.6. National Gas Company SAOG
10.2.7. Aeropres Corporation
10.2.8. Harp International
10.2.9. BOC Industrial Gases
10.2.10. Shanghai Cal Custom Manufacturing & Aerosol Propellants Co., Ltd.
10.2.11. Lapolla Industries Inc.
10.2.12. K-G Packaging
10.2.13. Emirates Gas
10.2.14. Bayer AG
10.2.15. Aerosol Service GmbH
10.2.16. UNIGAS Europe
10.2.17. Repsol S.A.
11. 360 DEGREE ANALYST VIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
