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Aerosol Propellants Market Growth by Key Players: DuPont, Aveflor, Honeywell, Aeropres Corporation, AkzoNobel, Emirates Gas, Aerochem, Aerosan AG, IGS Aerosols GmbH
Aerosol Propellants Market
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Increase spray paints demand in construction and automobile applications should drive aerosol propellants market growth. Rise in infrastructure spending along with growth in automobile manufacturing in Brazil, India, Germany, Mexico, Indonesia, and China should propel industry growth.
Natural gas and petroleum are the key raw materials for aerosol production. Environmental concerns and health hazards due to toxic and flammable nature may hamper industry growth. Volatile raw material prices due to increasing demand for petroleum products and gases such as butane and propane in various other endues applications is likely to challenge industry profitability thereby affecting aerosol propellant market price trends.
Europe led by France, Italy, UK and Germany aerosol propellant market may surpass USD 10 million by 2022. Growing demand for personal care products such as spray on cosmetics, dry shampoo, perfumes and deodorants along with house hold products such as mosquito repellants, cleaners, room fresheners and furniture cleaners may favor regional growth.
Shift in consumer inclination towards paying premium prices for biomass derived products along with presence of various manufacturers engaged in developing Bio DME due to shifting preferences may propel industry growth in this region.
Asia Pacific aerosol propellant market from automotive and industrial application may witness gains at over 7% by 2022. Rise in automotive production due to increasing economic standards thereby stimulating demand for automotive cleaners and spray is likely to drive industry growth in this region.
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Latin America led by Brazil and Argentina aerosol propellant market may exceed to USD 2 billion by 2022. Availability of substantial number of aerosol manufacturers may drive regional growth. Increasing automotive sales due to rising disposable income may boost product demand.
Global aerosol propellants market share is fragmented and four of the top companies accounted for above 35% of total demand for 2014. Key manufacturing companies include DuPont, Covestro, Honeywell, Aeropres Corporation, Lapolla Industries, AkzoNobel, and Harp International.
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