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Aerosol Propellants Market Share, Size, Trends, Growth, Industry
Analysis and Forecast to 2024 | Hexa Research
" The overall Aerosol Propellant Market size in 2015
was approximately 10 million tons and the industry
is expected to grow at a CAGR of around 4% from
2016 to 2024."
The global Aerosol Propellants Market size is projected to reach USD 11 billion by 2024. The development of
high-quality propellant formulations with enhanced product dispensing capacities can drive this industry
during the forecast period (2016-2024). In addition, widespread adoption of various aerosol-based personal
care and household products could also positively influence the market. This trend is mainly observed in
developing countries, like India, Thailand, etc. Moreover, rising technological developments resulting in the
production of superior propellant combinations may stimulate market demand.
Growth of the Aerosol Propellants Market depends greatly on the availability of raw materials, such as crude
oil and natural gas. Moreover, cost of the product depends on the prices of crude oil and natural gas. High
production of natural gas in Asia-Pacific and North America could boost the demand for aerosol propellants
in the years to come. Additionally, greater technological initiatives resulting in the production of high -quality
cans that are aesthetically appealing may augment the demand for these cans. This in turn can prope l the
global market.
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The global Aerosol Propellants Market is categorized as products, applications, and regions. Based on
products, the market is divided into Dimethyl Ether (DME) & methyl ethyl ether, hydrocarbons, carbon
dioxide & nitrous oxide. Methyl ether & DME can grow at a CAGR of 6% from 2016 to 2025. This attributes to
the superior properties exhibited by these components, such as no harm to the ozone layer and low global
warming potential. The use of aerosol propellant gases, such as carbon dioxide & nitrou s oxide can increase
considerably in the near future. This is because these gases cause minimal environmental damage and ensure
greater stability.
Applications comprise household, personal care, food, medical, paints, and automotive & industrial. The
personal care segment is anticipated to grow at a healthy CAGR of over 3% during the estimated years. This is
because of rising popularity of mousses, hair sprays, and deodorants. Demand for beauty products in Central
& South America and in Asia-Pacific could fuel product demand in the years to come. In addition, the
popularity of hair styling products and shaving foams may propel market growth. One of the key factors
driving the global Aerosol Propellants Market is the widespread adoption of personal care prod ucts
worldwide.
The household segment can expand considerably in the forecast period because of increased usage of floor
cleaners and insect sprays. The automotive segment can register a growth rate of 5% during the forecast
period.
Geographically, the global Aerosol Propellants Market is segmented into Asia Pacific, North America, Europe,
Central & South America, and Rest of the World. Asia-Pacific could witness highest growth on account of
rising consumer disposable incomes and rapidly changing lifestyles. Europe is projected to contribute to over
32% of the overall revenues. This owes to the high demand for cans in the personal care & household
application segments. Widespread application of the product in automotive paints & cleaners may boost the
market in the forecast period.
Prominent companies operating in the global aerosol propellant market are Honeywell International Inc.;
Crown Holdings Inc.; Royal Dutch Shell Plc.; E.I. DuPont de Nemours and Company; and Aerosol Gas Ltd.
These manufacturers invest considerably in research & development (R&D) of superior propellant
formulations. Companies undertake R&D activities in order to increase their market shares in the long run.
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Table of Content of Aerosol Propellants Market
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Aerosol Propellants Industry Outlook
3.1 Aerosol Propellant Market segmentation
3.2 Aerosol Propellant Market size and growth prospects, 2016 - 2024
3.3 Aerosol Propellant Market value chain analysis
3.3.1 Vendor landscape
3.4 Raw material outlook
3.5 Technology overview
3.5.1 DME
3.5.2 Hydrocarbon
3.5.3 Nitrous oxide & carbon dioxide
3.5.4 HFC
3.6 Prevailing technology in the Aerosol Propellant Market
3.6.1 Propellant injection
3.6.2 Aerosol container technology
3.6.2.1 Two-piece and three-piece laminated steel aerosol container technology
3.7 Upcoming technological advancements for aerosol propellants
3.8 Recent/key innovations in application segment
3.8.1 Recent/key innovations in application segment by key users
3.8.2 Composition of aerosol propellants in various application segments
3.8.2.1 Medical applications
3.8.2.2 Food & beverages
3.8.2.3 Personal care products
3.8.2.4 Insecticides & pesticides
3.8.2.5 Lubricants
3.8.2.6 Surface cleaners
3.9 Regulatory framework
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3.10 Comparative analysis
3.10.1 Hydrocarbons
3.10.2 Dimethyl ether (DME)
3.10.3 Compressed gases
3.10.4 Chlorofluorocarbon (CFC) propellants
3.10.5 Hydro chlorofluorocarbons (HCFC) and Hydro fluorocarbons (HFC)
3.11 Aerosol Propellant Market dynamics
3.11.1 Market driver analysis
3.11.1.1 Increasing demand for aerosol products
3.11.1.2 Growth of aerosol consumption in personal care
3.11.1.3 Growing paints & coatings industry in Asia Pacific
3.11.2 Market restraints analysis
3.11.2.1 Environment concerns
3.12 Aerosol Propellant Market key opportunities prioritized
3.13 Aerosol Propellant Market Porter’s analysis
3.14 Aerosol propellants company market share analysis, 2014
3.15 Aerosol Propellant Market PESTEL analysis
Chapter 4 Aerosol Propellants Product Outlook
4.1 Global Aerosol Propellant Market volume share by product, 2016 & 2024
4.2 Hydrocarbons
4.2.1 Market estimates and forecast, 2016 - 2024
4.2.2 Market estimates and forecast, by region, 2016 - 2024
4.3 DME and methyl ethyl ether
4.3.1 Market estimates and forecast, 2016 - 2024
4.3.2 Market estimates and forecast, by region, 2016 - 2024
4.4 Nitrous oxide and carbon dioxide
4.4.1 Market estimates and forecast, 2016 - 2024
4.4.2 Market estimates and forecast, by region, 2016 - 2024
4.5 Others
4.5.1 Market estimates and forecast, 2016 - 2024
4.5.2 Market estimates and forecast, by region, 2016 - 2024
Chapter 5 Aerosol Propellants Application Outlook
5.1 Global Aerosol Propellant Market volume share by application, 2016 & 2024
5.2 Personal care
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5.2.1 Market estimates and forecast, 2016 - 2024
5.2.2 Market estimates and forecast,by region, 2016 - 2024
5.3 Household
5.3.1 Market estimates and forecast, 2016 - 2024
5.3.2 Market estimates and forecast, by region, 2016 - 2024
5.4 Automotive & Industrial
5.4.1 Market estimates and forecast, 2016 - 2024
5.4.2 Market estimates and forecast, by region, 2016 - 2024
5.5 Foods
5.5.1 Market estimates and forecast, 2016 - 2024
5.5.2 Market estimates and forecast, by region, 2016 - 2024
5.6 Paints
5.6.1 Market estimates and forecast, 2016 - 2024
5.6.2 Market estimates and forecast, by region, 2016 - 2024,
5.7 Medical
5.7.1 Market estimates and forecast, 2016 - 2024
5.7.2 Market estimates and forecast, by region, 2016 - 2024
5.8 Others
5.8.1 Market estimates and forecast, 2016 - 2024
5.8.2 Market estimates and forecast, by region, 2016 - 2024
Chapter 6 Aerosol Propellants Regional Outlook
6.1 Global Aerosol Propellant Market volume share by region, 2016 & 2024
6.2 North America
6.2.1 Market estimates and forecast, 2016 - 2024
6.2.2 Market estimates and forecast, by product, 2016 - 2024
6.2.3 Market estimates and forecast, by application, 2016 - 2024
6.2.4 U.S.
6.2.4.1 Market estimates and forecast, 2016 - 2024
6.2.4.2 Market estimates and forecast, by product, 2016 - 2024
6.2.4.3 Market estimates and forecast, by product, 2016 - 2024
6.3 Latin America
6.3.1 Market estimates and forecast, 2016 - 2024
6.3.2 Market estimates and forecast, by product, 2016 - 2024
6.3.3 Market estimates and forecast, by application, 2016 - 2024
6.3.4 Brazil
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6.3.4.1 Market estimates and forecast, 2016 - 2024
6.3.4.2 Market estimates and forecast, by product, 2016 - 2024
6.3.4.3 Market estimates and forecast, by product, 2016 - 2024
6.4 Europe
6.4.1 Market estimates and forecast, 2016 - 2024
6.4.2 Market estimates and forecast, by product, 2016 - 2024
6.4.3 Market estimates and forecast, by application, 2016 - 2024
6.4.4 Germany
6.4.4.1 Market estimates and forecast, 2016 - 2024
6.4.4.2 Market estimates and forecast, by product, 2016 - 2024
6.4.4.3 Market estimates and forecast, by product, 2016 - 2024
6.5 Asia Pacific
6.5.1 Market estimates and forecast, 2016 - 2024
6.5.2 Market estimates and forecast, by product, 2016 - 2024
6.5.3 Market estimates and forecast, by application, 2016 - 2024
6.5.4 China
6.5.4.1 Market estimates and forecast, 2016 - 2024
6.5.4.2 Market estimates and forecast, by product, 2016 - 2024
6.5.4.3 Market estimates and forecast, by product, 2016 - 2024
6.4.6 India
6.4.6.1 Market estimates and forecast, 2016 - 2024
6.4.6.2 Market estimates and forecast, by product, 2016 - 2024
6.4.6.3 Market estimates and forecast, by product, 2016 - 2024
6.6 MEA
6.6.1 Market estimates and forecast, 2016 - 2024
6.6.2 Market estimates and forecast, by product, 2016 - 2024
6.6.3 Market estimates and forecast, by application, 2016 - 2024
Chapter 7 Competitive Landscape
7.1 Aveflor
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Product Benchmarking
7.1.4 Strategic Initiatives
7.2 DuPont
7.2.1 Company Overview
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7.2.2 Financial Performance
7.2.3 Product Benchmarking
7.2.4 Strategic Initiatives
7.3 Honeywell
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Product Benchmarking
7.3.4 Strategic Initiatives
7.4 Aeropres Corporation
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Product Benchmarking
7.4.4 Strategic Initiatives
7.5 BOC Industrial Gases
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Product Benchmarking
7.6 Lapolla Industries Inc.
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Product Benchmarking
7.6.4 Strategic Initiatives
7.7 AkzoNobel
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Product Benchmarking
7.7.4 Strategic Initiatives
7.8 Bayer MaterialScience AG
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Product Benchmarking
7.8.4 Strategic Initiatives
7.9 Emirates Gas
7.9.1 Company Overview
7.9.2 Financial Overview
7.9.3 Product Benchmarking
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7.10 K-G Packaging
7.10.1 Company Overview
7.10.2 Financial Performance
7.10.3 Product Benchmarking
7.11 National Gas Company SAOG
7.11.1 Company Overview
7.11.2 Financial Performance
7.11.3 Product Benchmarking
7.12 Shanghai Cal Custom Manufacturing & Aerosol Propellants Co., Ltd.
7.12.1 Company Overview
7.12.2 Financial Performance
7.12.3 Product Benchmarking
7.13 Harp International
7.13.1 Company Overview
7.13.2 Financial Performance
7.13.3 Product Benchmarking
7.13.4 Strategic Initiatives
7.14 Diversified CPC International, Inc.
7.14.1 Company Overview
7.14.2 Financial Performance
7.14.3 Product Benchmarking
7.14.4 Strategic Initiatives
7.15 Volcke Aerosol Company NV
7.15.1 Company Overview
7.15.2 Financial Performance
7.15.3 Strategic Initiatives
7.16 Aerochem
7.16.1 Company Overview
7.16.2 Financial Performance
7.16.3 Product Benchmarking
7.17 Aerosol Service GmbH
7.17.1 Company Overview
7.17.2 Financial Performance
7.17.3 Product Benchmarking
7.18 Aztec Aerosols Ltd.
7.18.1 Company Overview
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7.18.2 Financial Performance
7.19 Aero-Spray AB
7.19.1 Company Overview
7.19.2 Financial Performance
7.20 Eugenio Santos Envasados Y Servicios SL
7.20.1 Company Overview
7.20.2 Financial Performance
7.21 IGS Aerosols GmbH
7.21.1 Company Overview
7.21.2 Financial Performance
7.22 Evonik Industries
7.22.1 Company Overview
7.22.2 Financial Performance
7.22.3 Product Benchmarking
7.22.4 Strategic Initiatives
7.23 Inventec Performance Chemicals
7.23.1 Company Overview
7.23.2 Financial Performance
7.23.3 Product Benchmarking
7.23.4 Strategic Initiatives
7.24 Benegas
7.24.1 Company Overview
7.24.2 Financial Performance
7.24.3 Product Benchmarking
7.24.4 Strategic Initiatives
7.25 PROGAS GmbH & Co. KG
7.25.1 Company Overview
7.25.2 Financial Performance
7.25.3 Product Benchmarking
7.26 Repsol S.A.
7.26.1 Company Overview
7.26.2 Financial Performance
7.26.3 Product Benchmarking
7.26.4 Strategic Initiatives
7.27 ExxonMobil
7.27.1 Company Overview
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7.27.2 Financial Performance
7.27.3 Product Benchmarking
7.27.4 Strategic Initiatives
7.28 UNIGAS EUROPE
7.28.1 Company Overview
7.28.2 Financial Overview
7.28.3 Product Benchmarking
7.29 SCHARR CPC GmbH
7.29.1 Company Overview
7.29.2 Financial Performance
7.29.3 Product Benchmarking
7.29.4 Strategic Initiatives
7.30 Shell
7.30.1 Company Overview
7.30.2 Financial Performance
7.30.3 Product Benchmarking
7.30.4 Strategic Initiatives
7.31 Brothers Gas Bottling and Distribution Co. LLC
7.31.1 Company Overview
7.31.2 Financial Performance
7.31.3 Product Benchmarking
7.31.4 Strategic Initiatives
7.32 Aerosol Gas Ltd.
7.32.1 Company Overview
7.32.2 Financial Performance
7.32.3 Product Benchmarking
7.33 Grillo-Werke AG
7.33.1 Company Overview
7.33.2 Financial Performance
7.33.3 Product Benchmarking
7.33.4 Strategic Initiatives
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Global aerosol propellant market is expected to witness a steady growth over the forecast period on account of its high increasing usage in aerosol sprays.