Global Aerosol Market Expected to Reach USD 121.2 Billion by 2024: Zion Market Research

According to the report published by Zion Market Research, the global aerosol market was valued at around USD 78.0 Billion in 2017 and is expected to reach approximately USD 121.2 Billion in 2024, growing at a CAGR of slightly above 6.0% between 2018 and 2024.

Zion Market Research has published a new report titled “Aerosol Market by Product (Sprays, Mists, Dusts, and Fumes) for Personal Care, Household, Automotive, Food, Paints and Healthcare applications by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)- Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024’’. According to the report, the global aerosol market was valued at around USD 78.0 Billion in 2017 and is expected to reach approximately USD 121.2 Billion in 2024, growing at a CAGR of slightly above 6.0% between 2018 and 2024. 

Aerosols are composed of solid or liquid tiny particles that are suspended in a gas. Its particles are in the size range of 0.001 to nearly 100 microns. A most common form of the product is a pressurized spray can that can dispense materials ranging from whipping cream, enamel paint to hairspray. These are categorized into various groups based on the size and nature of the particles they are composed of, and up to certain extent, their forming manner. Vital subgroups of the product include sprays, mists, dust, and fumes.

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Increasing penetration of aerosols in application industries such as automotive, food & beverage, and household will offer its market a substantial growth till 2024. Aerosols are used as a lubricating spray that penetrates deep to displace moisture and leaves a rust inhibiting an oily film. The product is suitable for building, industrial, farm, marine and automotive use. Rapid infrastructural development coupled with robust urbanization in emerging economies will support the demand for aerosols product. Government bodies of numerous nations have demonstrated strong ambition and desire to invest in infrastructural projects. These initiatives are attributed to cater rising tide of populism and boost the economic growth of the country.

Aerosol has major application in the cosmetics industry, especially in hair care, personal care, and body care segments. In hair care products, it is used to provide the shining effect, cleaning, and to secure a better hairstyle. In personal care products, it is consumed in the cream foundation, toothpaste, foams, gels, and deodorants. Increasing preference to maintain a youthful appearance along with rising health awareness is the preliminary factors flourishing cosmetics industry worldwide. Adverse pollution effects on hair and skin have increased awareness of youth towards these products. Protective cosmetic products are in demand owing to rising pollution and its adverse effects on hair and skin conditions. However, side effects of these products on human health can restrain cosmetics industry in near future.

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Based on various products, the global aerosol market is categorized as sprays, mists, dust, and fumes. Sprays account for highest share in the industry owing to its multiple usages in paints and other industry. Diverse applications pertaining to aerosol products include personal care, household, automotive, food, paints, healthcare and other industries. The household industry would witness substantial gains over the forecast timeframe due to increasing demand for insect sprays and household cleaners. Further, increasing penetration of products such as water repellents, starch, shoe polish, pre-wash sprays, and stain removers in household applications will fuel the segment growth.

Europe will contribute majorly in the global aerosol market on account of rising demand for personal care products, especially in UK, France, Italy, and Spain. Escalating personal care products usage amongst the male population in the UK will boost dry shampoos, conditioners, and hairspray demand. The Asia Pacific will register maximum gains in the industry owing to its ever-increasing consumption of paints and coatings. The region has grown by 60% in value and volume of coatings between 2004 and 2009. Further, it accounts for nearly 35% of overall global coatings market.

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Manufacturers are focusing on product development and innovation for personal care and household applications segment. Certain players are investing in research and development to enhance their product quality. Major producers in the aerosol market include AkzoNobel N.V., Crabtree & Evelyn, Ltd, Thymes, LLC, S. C. Johnson & Son, Inc, Reckitt Benckiser Group plc, Henkel AG, Unilever PLC, and Proctor & Gamble.

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The report segments global aerosol market as follows:

Aerosol Market: Product Segment Analysis

  • Sprays
  • Mists
  • Dust
  • Fumes

 

Aerosol Market: Application Segment Analysis

  • Personal care
  • Household
  • Automotive
  • Food
  • Paints
  • Healthcare
  • Others

 

Aerosol Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

 

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