Aerosol Propellants Market is Forecasted to Reach US$ 13.31 Billion in 2028, Says Stratview Research

The global aerosol propellants market is projected to witness a growth rate of 6.60% annually from 2023 to 2028, with an anticipated size of US$ 13.31 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aerosol propellants market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 13.31 billion
Growth (CAGR): 6.60% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+

Segment Insights on the Aerosol Propellants Market:

The global Aerosol Propellants market is segmented based on Product type, Application type, and Region.

Based on product type - The market is bifurcated into hydrocarbons, dimethyl ether and methyl ethyl ether, nitrous oxide and carbon dioxide, and others. The hydrocarbons segment accounted for a market share of more than 75% in 2022 & is estimated to account for the major share of the market during the forecast period. Owing to their wide utilization in topical pharmaceutical aerosol products and various beneficial characteristics offered by them such as immiscibility in water, low toxicity, and lack of reactivity.

Based on application type - The market is segmented as personal care, dairy, automotive & industrial, foods, paints, medical, and others. The personal care application segment held a market share of more than 30% in 2022 & is estimated to hold a significant share of the market during the forecast period. The product is widely used in the production of personal care products such as hair mice, hair sprays, antiperspirants, and deodorants due to its advantages of ease of handling and smooth finishing on surfaces without a splash. Increasing consumer inclination in skin care is driving the demand for refreshing body mists and cleansers, which is expected to propel the market over the forecast period.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

Europe region dominated the market with a revenue share of more than 30% in 2022 & is estimated to be the leading region in the market during the forecast period. Factors such as the growing automotive industry in Mexico and the U.S. and the increasing adoption of aerosol household and personal care products are expected to drive regional market growth over the forecast period. Asia-Pacific, on the other hand, is estimated to witness significant growth in the market owing to the growing paints & coatings industry in the region during the forecast period.

Aerosol Propellants Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing adoption of aerosol-based products in various end-use industries such as cosmetics, pharmaceuticals, and personal care.
• Growing demand for paints & coatings materials in the Asia Pacific region.
• Rising demand for aerosols in whipped cream, mayonnaise, chocolate, and other food products.
• Product demand in the food & beverage sector is anticipated to be driven by the strong market potential for packaged goods in rising economies like Iran, India, China, the UAE, and several other emerging nations.
• Additionally, it is anticipated that rising consumer demand for aerosol propellants in home goods including air fresheners, insect repellents, and disinfectants will fuel market expansion.

Top Companies in the Aerosol Propellants Market:
Stratview Research has identified the following companies as the top market players.
• Aeropres Corporation
• Akzo Nobel N.V.
• Arkema Group
• Emirates Gas LLC
• Grillo-Werke AG
• Honeywell International, Inc.
• National Gas Company SAOG
• Nouryon
• Royal Dutch Shell Plc
• The Chemours Company
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Aerosol Propellants Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.