Press release
Aerosol Valves Market Value To Cross $1.63 Billion By 2025: Grand View Research, Inc.
Aerosol Valves Market
The components used for the manufacturing of aerosol valves, such as gaskets, seals, springs, and dip tubes, are available in abundance owing to the presence of a large number of manufacturers. In addition, low product differentiation enables easy supplier switching at a low cost. The combined effect of this has resulted in low bargaining power of suppliers. Companies in the industry are focusing on product innovation for the development of eco-friendly components using latest aerosol technologies. Over the past few years, there has been a shift from traditional manufacturing to enhanced sustainability, which includes reduced use of energy and raw materials.
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Further key findings from the study suggest:
Continuous valves accounted for 35.76% of the global revenue share in 2018 due to its increased penetration in personal care products like deodorant cans, shaving creams, and waxes
The consumption of the product in automotive & industrial segment is expected to grow at 5.6%, in terms of revenue, from 2019 to 2025 owing to high demand for aerosol lubricants and greases by various manufacturing industries
The Asia Pacific accounted for 19.47% of the global revenue in 2018 due to increased consumer spending on personal care products and rising demand for automobiles in India and China
Some of the companies in the industry include DS Corporation, LINDAL Group, Coster Tecnologie Speciali S.p.A., Precision Valve Corporation, and Summit Packaging Systems.
Most of them focus on offering customized products, such as engraved client logo on the actuator head, to obtaining a significant share in the global aerosol valves market
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and healthcare.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll-Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Info: www.grandviewresearch.com
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