The global Aerosol Propellant market was valued at USD 6.40 billion in 2016 and is projected to reach USD 10.82 billion by 2025, growing at a CAGR of 6.0% from 2017 to 2025.
Aerosol propellants is a gas under pressure in a container. It is majorly used in household and personal care applications. The demand is expected to increase in developing economies as the purchasing power is witnessing significant increase. However, stringent regulations regarding hydrofluoro carbons is expected to have a negative impact on market demand.
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1. Market Drivers
1.1 Rise in demand for personal care products
1.2 Rise in number of manufacturing facilities in developing countries
2. Market Restraints
2.1 Stringent environmental regulations
2.2 Disposal of aerosol cans
The global Aerosol Propellantsmarket is segmented on the product, applicationand region.
1. By Product:
1.1 Dimethyl Ether
1.2 Hydrofluoro Carbons
1.3 Hydrofluoro Oxides
1.4 Other Hydrocarbons
1.5.1 Compressed Air
1.5.4 Carbon Dioxide
2. By Application:
2.3 Personal Care
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3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
1. Arkema Group
2. Akzo Nobel NV
3. Royal Dutch Shell PLC
5. Aveflor AS
6. The Chemours Company
7. Honeywell International Inc.
8. Aeropres Corporation
9. Grill Werke AG
10. Jiutai Energy Group
11. Emirated Gas LLC
12. Shanghai Cal Custom Manufacturring& Aerosol Propellant Co. Ltd.
13. Diversified CPC International
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.