Aerosol Market - Forecast (2020 - 2025)
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Aerosol market is anticipated to witness tremendous growth generating more than $90 Billion in revenues by 2023, and is expected to grow at a CAGR of more than 3% during 2018-2023. Personal care was the largest application segment globally in 2017. The projection of Aerosol market imparts expanding interest for personal care items such as body creams, deodorants, sun protection cream, and other cosmetics are having positive impact on Aerosol industry. The presence of a robust manufacturing base of personal care companies such as Estee Lauder, Johnson & Johnson, and Procter & Gamble in the U.S. is anticipated to have a positive impact on the market. In addition, increasing product launches by the aforementioned manufacturing companies are expected to propel the demand for over the forecast period.
Among aerosol industry end users, personal care is the largest segment, followed by household segment globally. Asia pacific is the rapid growing market for Aerosols. Lenient regulatory scenario coupled with growing demand for personal and household products are driving the market for aerosols across Asia Pacific. Growing consciousness towards personal care and hygiene, aerosol market is expected to witness positive growth over the forecast period in China and India. Furthermore, stringent environmental rules and regulations by European Commission and Environmental Protection Agency towards restricting the application of HCFC, CFC and HFC components is one of the prime reasons behind the anticipated reduction in market share of Europe and North America.
The major growth factors for driving the Aerosol Industry are the growing end user industries and rapid industrialization in developing countries. The rapid development of infrastructural in urbanization, especially in developing economies such as China, and India among others are anticipated to boost the growth of paint, coatings and adhesives industry and subsequently support the adoption of the spray products over the forecast period.
One of the challenge in the Aerosol Market is providing an alternative to packaging of aerosol such as aerosol is propelled through natural gas which is bound to see higher adoption due to respective environment friendly characteristics.
The understanding the role of aerosols in transmission of livestock viruses is also a key challenge in the market.
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Fluorinate Oils Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the key global Aerosol Market players, to define, describe and analyze the sales value, market share, SWOT analysis and development plans in upcoming years.
Aerosol Market Report: Industry Coverage
Aerosol Market- By Particle Size: Aitken Particle, Large Particle, Giant Particle.
Aerosol Market-By Propellant Type: Liquefied Gas Propellant, Compressed Propellant.
Aerosol Market- By Type of Casting Materials: Aluminum, Tinplate, Steel, Plastic and others.
Aerosol Market- By Applications: Brake cleaners, Carbulent intake cleaners, Paints, Varnishes, Food and Beverages, and others
Aerosol Market- By End Users: Personal care, Household, Commercial, Food, Pharmaceuticals, Industrial and others.
North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
Middle East and Africa: Israel, South Africa, Saudi Arabia
The major Key players for Aerosol Market are Proctor & Gamble, Honeywell, Unilever, Henkel AG, Thymes, Reckitt Benckiser Group plc, S.C. Johnson & Son, Inc., Crabtree& Evelyn Ltd, Akzo Nobel N.V. and many more
The aerosol products are used as penetrating lubricant oil in construction projects to slake rusted parts and stop squeaks. It even gives a protective barrier to metals again corrosive environment, for example, synthetic compounds and salt water. Rapid advancement and trend setting innovations are providing new tools, models and resulting in booming construction projects.
The desire to identify new funding and valuing models have opened pipelines and have released a new era of development. Furthermore, extensive viewpoints on issues such as speculation, governance ad sustainability fueling grater sophistication in infrastructural advancement.
Continuous rapid developments in paint oil and adhesive industry are escalating the market growth. The demand is high for growth based aerosols coupled with ongoing research and developments in coatings and adhesives aerosols are the major trends observed in aerosol market.
Big retailers like Wal-Mart, Target, etc. are driving the FMCG companies to better the packaging of the products in order to appeal to the customers within their limited available shelf space. This is pushing the companies to go for technological advancements in the aerosol can industry.
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