Global Aerosol Market: Snapshot
Aerosols have been used in a range of household, personal, and commercial products, such as in paints, medical, adhesive, and automotive. They can be understood as part of multiphase systems of solid (such as fumes or dusts) or liquid (example is mists) particulates that are suspended in gases typically air. Over the past few years, chemical companies have been striving hard to develop novel formulations for aerosol. Such initiatives are bellwether for new prospects in the aerosol market. Promising advances have been made in formulating aerosol products using silicone-based materials has opened a new avenue for vendors and manufacturers. Such formulations show a significant potential in industrial spray applications. These applications are characterized by the use of protective personal equipment and hygiene standards, hence, the risk of exposure to aerosol is low. However, efforts of companies in testing silicone-based aerosol formulations for consumer spray applications, given the fact that hygiene practices are quite relaxed. This has called for more attention of developers on aerodynamic particle size distribution. Advent of new methods of evaluation of the inhalation toxicity has helped propel new expand the potential for developers in this regard.
One way to manage the lower level of toxicity is understanding the particle size distribution and knowing how particles will penetrate the various regions of the respiratory tracts. Various research have helped in determining the size of particle fractions that can move beyond the larynx and ciliated airways in adults as well as children. Stridently, such an understanding will help improve the toxicity profile of aerosol. Growing demands for such aerosol formulations for consumer markets are bolstering the growth.
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Aerosols are primarily used in paints, perfumes, room fresheners, medical products deodorants in order to hold liquid droplets in pressurized form. Moreover, increasing demand for household and personal care products is expected to fuel the demand for aerosols during forecast period. The market has been segmented by application type into household products, personal care products, medical products and paint among others.
The global aerosol market is expected to witness positive growth over the forecast period due to growing application of aerosols in paints, medical products, food, adhesives and automotive. Rising demand for air care products along with personal care products such as shaving and depilatories, hair care products, skin care products and deodorants are expected to create positive impact on the market for aerosols.
Personal care is the largest application segment of aerosols globally, followed by household application segment. Increasing disposable income along with rising standard of living is fueling the usage of personal care and household products for better living. Increasing demand for household and personal care products is expected to have a positive impact on the aerosols market. Furthermore, another application area of aerosol as spray paints in construction and automobile industry. Moreover, asthma inhalers are one of the application areas for aerosols, but the presence of fluorocarbons named hydrofluoroalkanes (HFA) is expected to restrain the demand.
Europe dominated the aerosols market in 2014 in terms of volume followed by North America and Asia Pacific. Growing demand for personal care products is expected to contribute in the growing popularity of aerosols in UK, Germany, Spain and France across Europe. U.S. is leading the aerosols market in North America. Furthermore, Asia pacific is the fastest growing market for aerosols. Lenient regulatory scenario coupled with growing demand for personal and household products are driving the market for aerosols across Asia Pacific. Growing consciousness towards personal care and hygiene, aerosol market is expected to witness positive growth over the forecast period in China and India. Furthermore, stringent environmental rules and regulations by European Commission and Environmental Protection Agency towards restricting the application of HCFC, CFC and HFC components is one of the prime reasons behind the anticipated reduction in market share of Europe and North America by 2021. Increasing automobile production in Brazil, Mexico, Indonesia, Germany and China is expected to create a positive impact on the demand for aerosol. Urbanization coupled with technological development is boosting the use of aerosol in household and personal care products across Middle East.
Some of the major players of aerosol market invest in research and development for better product quality. Furthermore, manufacturers focus on innovation and products development in the household and personal care product segments. Some of the key players operating in the aerosol market are Proctor & Gamble, Unilever PLC, Henkel AG, Reckitt Benckiser Group plc, S. C. Johnson & Son, Inc., Thymes, LLC, Crabtree & Evelyn, Ltd. and AkzoNobel N.V. among others. Mergers and acquisitions are also one of the business strategies of major companies in order to strengthen their foothold in the industry.
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