Global Aerosol Valve Market will witness significant growth over the next seven years on account of its rising demand from cosmetics, household, personal care and automobile industries. The beauty and personal care segment accounted for about 46% and 45% respectively of the industry in 2014. Increasing application scope of the product on account of superior properties such as light weight is expected to augment the industry over the next seven years. The food & beverages sector accounts for about 13% and 11% respectively of the industry and is expected to grow at a significant rate on account of its growing use in packaging applications.
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The market is challenged by the fluctuating raw material costs, changing economic conditions and uneven supply and demand pressures. Rising raw material cost accounts for high prices of the product which is expected to hamper growth over the forecast period. Competitors present in the industry range from regional to international. Increasing competition in Europe and North America from Asia Pacific and Latin America companies is expected to challenge market in those regions over the next seven years. Rising demand for cost competitive product are expected to be a major challenge for companies over the forecast period.
Various types of valve include vertical, tilt, up and down, female valve, high delivery and metering valves. Female valves are employed in food, paints and lacquers, cosmetics, insecticides and spray. Metered valve are contaminant and portion controlled and are incorporated in the home care and pharmaceutical applications. Increasing need for the product in the pharmaceutical industry is expected to have positive impact on the market over the forecast period.
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The product is employed in personal care applications such as post-foaming hair and shaves gel, shampoo and conditioner, liquid soap, body lotions, body lotions, deodorants and others. Formula related clogging product reduces seepage which in turn increases its application scope in the personal care and cosmetics. Personal care and household applications dominate the aerosol valve sector. In addition the product is also employed in medicines and animal care sectors. In the household sector they are incorporated as window, oven and ceramic plate cleaner. Valves are also used in other applications including grooming, shoe, insecticide, and plant sprays. Increasing demand for the product from various end-use industries is expected to have a positive impact on the industry over the next seven years.
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