Press release
Global Aerosol Market Trends and Insights to 2022, Major Players-Unilever, S.C. Johnson, Proctor and Gamble Co., Thymes LLC, Reckitt Benckiser (RB).
Global Aerosol Market
The size of the global aerosol market was estimated at USD 68,760 million in 2015 and is expected to grow substantially in the next nine years due to the growing penetration in applications industries such as households, food and beverages, and the automobile. In addition, the growth in demand for aerosol products in the medical sector, particularly inhalers, is expected to boost growth during the forecast period.
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Global Aerosol Market Drivers and Restraints:
It is expected that the increase in urbanization, together with the rapid development of infrastructure in the emerging economies of the Asia-Pacific region will boost the demand for these paints, resulting in an increase in market growth in the next nine years. In addition, it is expected that the growing evolution of technologies that lead to the production of advanced aerosols will benefit growth.
The growing use of the Clean Development Mechanism (CDM) in the national manufacturing industry, along with the adoption of the Montreal Protocol in the United States, is expected to limit the demand for products that emit compounds that contain VOCs. Therefore, the regulatory tilt to reduce VOC emissions will likely limit the demand for aerosols due to the composition of HFCs.
It is also expected that the global aerosol industry will be influenced by the increasing adoption of online retail media, which will facilitate the purchase of finished products. In addition, it is expected that the significant discounts and price reductions offered by leading online retailers will become one of the main drivers of growth during the forecast period.
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Global Aerosol Market -Geographic Segmentation:
The aerosol market in Europe accounted for more than 32% of the volume of demand in 2015 due to the growing consumption of personal care products, especially in Germany, Spain, Italy, France and the United Kingdom. However, the presence of strict regulations to limit VOC emissions, including the European Commission's Directive on Emissions of Solvents may limit market growth.
It is expected that the growing demand for personal care products, particularly among the male population of the United Kingdom, will stimulate the demand for dry sprays, conditioners and shampoos. In addition, the growing demand for grooming products for men, especially among men aged 18 to 24 in the UK, is expected to boost market growth due to changes in lifestyle.
It is likely that the industry in Central and South America is influenced by the consumption of aerosol products, mainly in Brazil and Argentina. In addition, the increasing affinity of consumers for the use of advanced cosmetics is expected to become the main driver of growth over the next nine years.
Some of the prominent players of the market include Unilever, S.C. Johnson, Proctor and Gamble Co., Thymes LLC, Reckitt Benckiser (RB), Henkel AG & Co., Crabtree & Evelyn, and others.
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