Aerosol Propellants Market To Hit Value .54 Billion By 2030 |Grand View Research, Inc.Posted by Mrudula Anil Karmarkar on May 24th, 2024 San Francisco, 24 May 2024: The ReportAerosol Propellants Market Size, Share & Trends Analysis Report By Product (Hydrocarbons, DME, Nitrous Oxide & Carbon Dioxide), By Application, By Region And Segment Forecasts, 2023 - 2030 The global aerosol propellants market size is expected to reach USD 15.54 billion by 2030 and is expected to expand at 6.4% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the rising utilization of deodorants, hair sprays, hair mousse, dry shampoos, insecticides, air fresheners, and cleaning products. Additionally, macroeconomic factors such as the rising disposable income of consumers are anticipated to result in an increased demand for cosmetics and personal care products. Hydrocarbons are widely used in pharmaceutical aerosols on account of their low toxicity, low cost, and non-reactivity, making them environmentally friendly. In addition, they do not contain halogen, which makes them excellent propellants or water-based aerosols. Thus, positively impacting their demand during the forecast period. In Europe, aerosol propellants are extensively used in household products including air fresheners, fabric care products, waxes & polishes, and kitchen cleaning products among others. High awareness among consumers regarding cleanliness has resulted in substantial demand for aerosols. Furthermore, rising awareness concerning general well-being and the early treatment of respiratory illnesses are likely to result in high demand for inhalers with aerosols as they offer quick relief to patients. Most industry participants invest in differentiating themselves from other players as the market is fragmented and competitive. Manufacturers of aerosol propellants continue to base their products on elements such as hydrocarbons, dim ethyl ether (DME), nitrous oxide, and carbon dioxide amongst others. Furthermore, these manufacturers are continuously engaged with third-party distributors along with setting up joint ventures in high-growth end-markets. Through these operational integrations, manufacturers are trying to reach out to potential customers of aerosol propellants. The growing application of aerosol propellants in personal care products, and cosmetics, is expected to drive product demand. Furthermore, new product launches in shaving foams, shampoos, deodorants, and antiperspirants are expected to create immense growth potential during the forecast period. Request sample report of Aerosol Propellants Market@https://www.grandviewresearch.com/industry-analysis/aerosol-propellants-market/request/rs1 Growing demand for aerosols in various food products including whipped creams, mayonnaise, chocolate, and others is expected to propel industry growth throughout the forecast period. The high market potential for packaged foods in emerging economies including India, China, the UAE, Egypt, and Iran is expected to fuel product demand in the food & beverage industry during the forecast period. In addition, increasing demand for aerosol propellants in household products, including air fresheners, insect repellents, and disinfectants is projected to trigger market growth. Aerosol Propellants Market Report Highlights
Aerosol propellants are commercially available solutions for easy and direct application. Different types of aerosol propellants, namely, hydrocarbons, dim ethyl ether (DME), CFC, and compressed gas including nitrogen and carbon dioxide, are commercially available. These are mainly sourced from methanol, coal, natural gas, and carbon. The aforementioned raw materials are supplied by various companies present in the market including Aestra Co. Ltd, DME Aerosol, Methanex Corporation, Arttu Group, Gazprom, BP, AMPCO, and Qatar Fuel Additives Company Limited. The growing aged population has propelled the use of aerosols in anti-aging cosmetic products which has further contributed to the increasing demand for propellants. However, various environmental and health risks associated with the use of propellants in aerosol products are expected to restrain market growth throughout the forecast period. Technological advancements and innovations to develop eco-friendly, low-cost, and low-VOC products are further expected to open new growth opportunities for the market in the near future.
In developed regions such as North America and Europe, prominent companies are launching new products with low energy and fewer amounts of raw materials, thus, driving the market growth during the forecast period. Moreover, urbanization along with infrastructure development in the Middle East is expected to augment the market throughout the forecast period. Technological advancements such as stahl monoblock aerosol cans and airless dispensers are expected to fuel market growth. Furthermore, increasing demand for mouthwash, breath freshener, and teeth whitening treatments is expected to boost aerosol demand. List of Key Players in the Aerosol Propellants Market
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