Aerosol Propellants Market Global Industry Analysis and Forecast 2022

The global Aerosol Propellants market was worth USD 16.65 billion in the year of 2012 and is expected to reach approximately USD 26.79 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 4.37% during the forecast period, owing to the growth of outstanding propellant formulations with enhanced item dispensing abilities. Additionally, rising technological advancements that result in the production of improved propellant compounds is foreseen to boost the demand of the item in the upcoming years. The market is anticipated to encounter high development by virtue of expanded entrance of aerosol cans in application enterprises, for example, automotive, paints, medical, and food processing. The market is portrayed by the existence of an extensive number of makers that depend vigorously on the improvement of advanced items to build the share of the overall industry. The market is anticipated to develop by virtue of the improvement of the previously mentioned propelled item formulations. Expanding utilization of the metal aerosol cans because of the requirement for health and cleanliness related items, for example, air fresheners and insect repellants is relied upon to prompt an expanded interest for aerosol propellants. Likewise, developing urbanization combined with developing infrastructural advancement, essentially in UAE, China and India is relied upon to propel the demand for these cans, prompting the development of the aerosol propellant market.

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The market depends intensely on the accessibility of oil and gas items, for example, natural gas and petroleum as raw materials. High unpredictability in the cost of the previously mentioned crude materials combined with the popularity for petroleum fuels is required to boost the cost of the propellants. The market faces significant difficulties with respect to the carriage of the propellants because of their high inflammability. Dimethyl ether is for the most part transported in ISO compartments, that gives expanded comfort to store combined with a lessening in the auxiliary transportation cost.

Market Classification

Aerosol Propellants Market , By Product, Estimates and Forecast, 2012-2022 ($Million)

DME
Hydrocarbons
Nitrous oxide and carbon dioxide
Other Products

Aerosol Propellants Market , By Application, Estimates and Forecast, 2012-2022 ($Million)

Automotive & Industrial
Paints
Medical
Personal care
Foods
Household
Other Applications

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

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Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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