The market is expected to grow owing to increasing adoption of the aerosol based household and personal care products primarily in the developing economies including China, India, Indonesia, and Thailand.
The Global Aerosol Propellants Market size is expected to reach USD 11.28 billion by 2025, according to a new report by Grand View Research, Inc.
The aerosol propellants market growth is primarily dependent on the availability of raw materials such as natural gas and crude oil, with the prices of such gasses changing in accordance to the price of the raw materials. The pricing of aerosol propellants is dependent on the price of natural gas and crude oil that act as raw materials for the extraction of the propellants.
Increasing production of natural gas in North America and Asia Pacific is expected to drive the demand for the product over the next nine years-. Increasing technological initiatives leading to the production of advanced cans with the superior aesthetic appeal is expected to lead to a growth in demand for such cans, leading to a growing demand for propellants.
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The industry is regulated by stringent laws and regulations enacted against the usage of the products in the cans. In addition, the industry is expected to benefit from the advent of various technological advancements to produce low cost, low VOCs, and low GWP products.
Top Players of Aerosol Propellant Market:
Key players in the global industry include E.I. DuPont de Nemours and Company, BOC Industrial Gases, Harp International, Grillo-Werke GmbH, ExxonMobil, Unigas Europe, Aerosol Gas Ltd., and Covestro.
Market Segmentation of Aerosol Propellant Market:
The Global Aerosol Propellant Market segmented on the basis of Product and Application.
By Product:
Hydrocarbons
Dimethyl Ether (DME) & Methyl Ethyl Ether
Nitrous Oxide and Carbon dioxide
By Application:
Personal Care
Household
Automotive & Industrial
Food
Paints
Medical
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