Press release
Aerosol Propellants Market Trends 2015 - 2022, Industry Pitfalls, Challenges and Growth Opportunities
Increase spray paints demand in construction and automobile applications should drive aerosol propellants market growth. Rise in infrastructure spending along with growth in automobile manufacturing in Brazil, India, Germany, Mexico, Indonesia, and China should propel industry growth.
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Hydrocarbon based aerosol propellants including propane, isobutene and n-butane accounted for over 80% of the total market share in 2014. These product types are mostly preferred over other counterparts due to low cost, less toxic, flammable and environment friendly. The industry has shifted to flammable liquefied propellants such as dimethyl ether and hydrocarbon owing to favorable government outlook.
Increasing application scope for aerosol cans in medical, food processing, and paint industry should drive industry growth, Presence of large number of manufacturers are dependent on new and advanced product development which will further escalate the market share.
Europe aerosol propellants market size from food application is set to exceed USD 2000 million by 2022. Aerosol spray is used to preserve food & beverages including fruits and wine which may drive industry growth.
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Automotive & industrial applications should witness gains at over 4.5%. Rising usage of adhesive & sealants and lubricants in automotive & industrial applications for preventing maintenance issues by reducing manufacturing cost, should drive product demand.
Asia Pacific, led by China aerosol propellants market size, from personal care products should witness significant growth. Yong population preference towards personal care and hygiene products should drive regional industry growth.
DME and methyl ethyl ether should witness highest gains at over 5%. It is used as automotive fuel, domestic application such as cooking & heating, and for power generation.
Latin America, driven by Brazil and Argentina aerosol propellants market size should witness significant growth. Argentina manufactures and export packaged aerosol products.
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Carbon dioxide and nitrous oxide based aerosol propellants occupied smaller chunk of the market share and expects significant growth rate over the estimated period. They are mostly used for dental creams, hair preparations, ointments and food product applications.
Global aerosol propellants market share is fragmented and four of the top companies accounted for above 35% of total demand for 2014. Key manufacturing companies include DuPont, Covestro, Honeywell, Aeropres Corporation, Lapolla Industries, AkzoNobel, and Harp International.
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