Press release
Aerosol Market 2018 | Worth USD 129.02 billion by 2025| Top Most Players | Thymes LLC, Crabtree & Evelyn, S.C. Johnson, Unilever, Proctor and Gamble Co., Henkel AG & Co. and Reckitt Benckiser (RB).
A research study titled, “Aerosol Market by application - global industry analysis and forecast to 2025” published by crystal market research.Major Leading Players:
The global aerosol market is extensively competitive with leading companies that focus on the innovation of the product and increase the investment in research and development. The major manufacturers are Thymes LLC, Crabtree & Evelyn, S.C. Johnson, Unilever, Proctor and Gamble Co., Henkel AG & Co. and Reckitt Benckiser (RB). The advent of improved compressed deodorants was declared by Unilever for the personal care brands that include Dove, Axe, Sure in Asia and Europe.
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Industry Outlook
The global aerosol market was worth USD 71.25 billion in the year of 2016 and is anticipated to reach approximately USD 129.02 billion by 2025, while registering itself at a compound annual growth rate (CAGR) of 6.82% during the forecast period.
This growth is owing to factors such as increasing amount of implementation in fields such as automotive, household, food and beverages. In addition, swift industrialization taking place in countries that are developing coupled with accelerating awareness of health personal care are factors that boost the growth if the global aerosol market. The demand for aerosol in various products such as chocolate, oil, vinegar, beer, ketchup, mayonnaise, soda and whipped cream has increased significantly. Increasing requirement of aerosol products in the medical industry for products such as inhalers is said to spur the growth of the global aerosol market.
Market Segmentation
Application Outlook and Trend Analysis
In the application of personal care the demand for aerosol held the share of more than 36 percent of the global utilization in the year of owing to substantial growth in the requirement of deodorants due to changes in the lifestyle of the consumers, majorly in Asia Pacific. Additionally, increasing willingness of the consumers to spend on products that are useful for personal hygiene is anticipated to spur the growth of the market. Aerosols that are useful in household are expected to supplement the growth of this market due to increasing requirement of insect sprays and other household cleaning materials. Rising application of products such as water repellents for leather products, shoe polish, starch, pre-wash sprays and stain removers are anticipated to boost the growth of the global aerosol market.
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Regional Trend Analysis
The aerosol market in Europe accounted a share of more than 32 percent of the demand volume in the year of 2015 due to increasing utilization of personal care products, especially in Spain, Italy, Germany, United Kingdom and France. However, strict rules on limiting the discharge of Volatile Organic Compounds are anticipated to inhibit the growth of this market. Growing requirement of personal care product majorly in the male population in United Kingdom is said to boost the demand of dry shampoos, conditioners and hair sprays. Additionally, major demand of grooming products for male owing to lifestyle changes in the United Kingdom is said to have a considerable impact on the growth of the global aerosol market. The aerosol market in Central and South America is said to witness significant growth due to increasing utilization of aerosol based products majorly in Argentina and Brazil.
Market Analysis by Regions
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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