Press release
Aerosol, Spf Market Is Rising At 5.1% CAGR During 2013 To 2019.
The basic raw materials used in the production of propellants include coal, natural gas, methanol, and feedstock. There is a significant threat of forward integration from raw material suppliers entering the manufacturing space. Propellants either reach the aerosol producers directly through the industry participants by distribution of their own brands, or through integrated producers.
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Increasing consumer awareness towards personal health and hygiene and the growth of the global aerosol market ensures continuous growth of the global propellants market. The steady growth in the aerosol industry supported by frequent new product launches has remained the major driving factor for this market. The hazards associated with aerosol propellants and flammable and explosive properties of aerosol propellants such as propane or butane are the various factors challenging the growth of propellants market. Development and launch of eco-friendly products can enable manufacturers to capitalize on the growing demand for greener aerosol propellants. Moreover, the phase-out of CFCs and HCFCs and limited availability of conventional hydrocarbon propellants is also providing growth opportunity for new and eco friendly propellants in the market.
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The global aerosol propellants market was dominated by hydrocarbons including propane, n-butane, and isobutane which accounted for more than 80% of the total market volume in 2012. Butane and propane are most widely used as aerosol propellants. Dimethyl ether (DME) and methyl ethyl ether are other important propellants used in the aerosol industry. DME and methyl ethyl ether are growing in popularity among aerosol manufacturers as they are eco-friendly and offer potential replacement value for conventional hydrocarbon propellants. In addition, a small volume of nitrous oxide and carbon dioxide is also being used as aerosol propellants.
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