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Aerosol Propellants Market by Key Regions, With Production, Consumption, Revenue, Market Share and Growth Rate by 2023
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Dimethyl ether (DME)is estimated to account for the largest share of the market in 2017
By product type, the aerosol propellants market is classified into dme, hydrocarbons, nitrous oxide and carbon dioxide, and others. The dimethyl ether segment is expected to lead the global aerosol propellants in 2018. Factors driving the growth of this segment include increasing demand for dimethyl ether owing to their low cost & eco-friendly properties, growing consumption of dimethyl ether as automotive fuel in the household & power generation application.
Automotive & Industrial is estimated to command the largest share of the market during the forecast period
Based onapplication, the aerosol propellants market is categorized into automotive & industrial, household, personal care, foods, paints, medical, and others. The automotive & industrial segment is estimated to account for the largest share of the global aerosol propellants market during the forecast period. Growing use of adhesives & sealants as well as lubricants in the automotive industry minimizing maintenance & repair issues and rising disposable income coupled with growth in expenditure of the end users are the key factors driving the growth of this application segment.
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Asia Pacific is estimated to command the largest share of the market
Based on region, the aerosol propellants market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia Pacific is expected to dominate the aerosol propellants market in 2018. This is attributed to factors such as growing automotive industry in the region, increasing demand for personal care, cosmetic & household products coupled with rising disposable income and availability of low cost labour as well as raw material in the region.
The report profiles some of the key companies in the aerosol propellants market including Arkema Group, Aveflor A.S., Honeywell, Emirates Gas LLC, Grillo Werke AG, Jiutai Energy Group , Aeropres Corporation, Royal Dutch Shell PLC , Akzo Nobel N.V. , and BOC.
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