Aerosol Propellants Market 2016: GCarbon dioxide, Nitrous oxide, Hydrocarbons
Moreover, increasing aging population is expected to boost the market due to the rising consumption of anti-aging cosmetics containing aerosol propellants. However, EPA has imposed conditional restrictions on the manufacturing and usage of various aerosol propellants including hydrochlorofluorocarbon (HCF), Dimethyl Ether (DME) due to their adverse effect on health and environment. This is expected to restrain the global aerosol propellants market. The market holds immense future potential as increasing technological advancements and development by various companies are underway for the production of low-cost and eco-friendly aerosol propellants.
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The global aerosol propellants market is segmented on the basis of type, application and geography. In terms of type, the market is segmented into compressed gas propellant and liquefied gas propellant. Compressed gas propellant is further segmented into carbon dioxide, nitrous oxide and nitrogen. Similarly, liquefied gas propellant is categorized into hydrocarbons, fluorocarbons and ethers. Among all aerosol propellant, hydrocarbons propellants, such as propane, isobutene and n-butane have low cost, less toxicity and high stability; therefore, these propellants caters wide range of applications in various industries.
Based on application, the market is segmented into household, personal care, medical, industrial and others. Personal care is the largest application segment as the demand of aerosol propellants in deodorant, skin care and hair care products is very high. Geographically, the market is segmented into North America, Europe, Asia-Pacific and LAMEA. In developed regions like Europe and North America, Aerosol propellant is largely used in various household and personal care applications.
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The key players of the market are Aveflor, Honeywell, BOC Industrial Gases UK, DuPont, Aeropres Corporation, Lapolla Industries Inc., AkzoNobel, Bayer MaterialScience AG and Emirates Gas and SRF Limited. These companies are adopting various key business strategies like product launch and acquisition so as to maintain their competitiveness in the global market. For instance, in January 2015, SRF Limited has acquired DuPonts pharmaceutical propellant brand named Dymel for $20 million.
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