Global Aerosol
Propellants Market report delivers future
development strategies, key companies, Possibility of competition, major
challenges analysis. The reports elaborate the expansion rate of the Aerosol
Propellants market supported the highest company profile analysis. This report
providing an in-depth analysis, market size, and evaluation for the developing
segment among the Aerosol Propellants market. Aerosol Propellants Market report
will help you take expert decisions, recognize opportunities, plan effective
professional tactics, plan new schemes, analyse drivers and restraints and give
you a vision on the Aerosol Propellants Market forecast.
Industry Insights
The aerosol propellants market was estimated at USD 7.26 Billion in the
year 2015. 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.
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Key Questions Answered
·
What are the sales or revenue produced
by Aerosol Propellants products beyond all sectors during the forecast
period?
·
What are the key trends in the Aerosol
Propellants market?
·
What are the leading drivers, limitations,
and probabilities in the industry?
·
Which segment will gain the
highest revenue worldwide and which product segment will expand at the fastest
CAGR during the forecast period?
·
In which region the Aerosol
Propellants market to project lucrative CAGR during the forecast period?
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. Owing to the heavy
demand of aerosol cans in health and hygiene associated products like insect
repellants and air fresheners, this in turn is likely to increase the demand
for propellants over the years ahead. 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.
Application Insights
Increased usage of floor cleaners and insect sprays is considered to
drive the product consumption in the household application segment. The demand
for spray cleaners has also increased due to the boom in disposable income of
consumers and noticeable changes in lifestyle of consumers which has increased
the demand for products like wall coverings, furniture and others.
The automotive sector is expected to rise at a CAGR of 5% from 2016 to
2025, thus impelling the product consumption in processing of anti-fog agents,
automotive cleaning agents, adhesives and sealants, and lubricants. To reduce
the operational and maintenance costs in automotive and industrial applications
the increased preference towards preventive maintenance is likely to increase
the demand for above mentioned products.
Regional Insights
The Asia Pacific market is expected to show the fastest growth owing to
a couple of socio-economic factors such as increase in disposable income and
change in consumer lifestyles. Significantly rising use of various personal
care products such as hair styling sprays and deodorants, among consumers is
likely to boost the product consumption in the future. The market is expected
to see a huge growth due to availability of low cost product formulations, as a
consequence of decreased costs of raw material and low cost labor.
In terms of revenue, Germany is likely to account for over 28% share in
Europe region, owing to substantial utilization of personal care products such
as dry shampoos, deodorants and spray-on cosmetics. Considerable production as
well as consumption of cars in Germany has increased the requirements of spray
paints and automotive interior cleaners. This in turn, is estimated to improve
the industry growth during the forecast period.
Competitive Insights
E.I. DuPont de Nemours and Company, BOC Industrial Gases, Harp
International, Grillo-Werke GmbH, ExxonMobil, Unigas Europe, Aerosol Gas Ltd.,
and Covestro AG are a couple of the prominent players operating in the global
market.
Companies such as Honeywell International Inc., Royal Dutch Shell Plc
are engaged in the manufacturing of advanced products in order to expand their
business portfolio. For instance, Crown Holdings Inc., developed a system
called EarthSafe Dispensing System which substitutes hydrocarbons with
compressed air as the propellant. Moreover, the product developed by
Ultramotive Corporation, a US based packaging systems manufacturer permits
total aerosol product evacuation at consistent flow rates from beginning to
end.
Know
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