Aerosol Propellants Market Size, Share, Outlook, Industry Analysis and Forecast 2024-2032

The latest report by IMARC Group, titled “Aerosol Propellants Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the aerosol propellants market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global aerosol propellants market size reached US$ 10.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.

Aerosol Propellant Market Trends:

The global market is primarily driven by the increasing demand for personal care products, such as deodorants, hair sprays, and shaving foams, relying on efficient and safe propellant systems. In accordance with this, the growth of the household cleaning products market, driven by rising hygiene awareness, is also fueling the market demand. Furthermore, continual technological advancements in formulations, including eco-friendly and low-global-warming-potential (GWP) propellants, are further contributing to market growth.

Similarly, the pharmaceutical industry’s expanding use of aerosol-based drug delivery systems, such as inhalers for respiratory treatments, is resulting in the higher adoption of the products. Moreover, increasing demand for industrial aerosol products, such as paints, lubricants, and coatings, is another significant market driver. Additionally, the growth of the automotive and construction sectors, which utilize aerosol products for maintenance and repair, is further stimulating market expansion.

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Aerosol Propellant Market Scope and Growth Analysis:

The scope of the market spans across various industries, including personal care, healthcare, household, automotive, and industrial applications. As consumers increasingly seek convenience and efficiency in product usage, the demand for aerosol-based products is expected to grow, positively influencing the market. In addition to this, rising environmental regulations are pushing manufacturers to develop sustainable and non-toxic propellant alternatives, which is creating lucrative market opportunities. The market scope is set to expand due to growing demand for eco-friendly propellants, particularly in response to growing environmental concerns and regulatory pressures.

According to market analysis, continual technological advancements in formulations, alongside innovations in packaging and aerosol delivery systems, are further enhancing potential of the market scope. With expanding consumer markets in emerging economies and continued growth in personal care and household products, the market scope is poised for steady expansion in the coming years.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Aeropres Corporation
• AkzoNobel N.V.
• Arkema S.A.
• Aztec Aerosols Limited (Instarmac Group Plc)
• Emirates Gas LLC
• Grillo-Werke Aktiengesellschaft
• Harp International Ltd.
• Honeywell International Inc
• Repsol S.A
• Royal Dutch Shell PLC

Aerosol Propellants Market Segmentation:

Our report has categorized the market based on region, type, product type and application.

Breakup by Type:

• Compressed Gas
• Liquified Gas

Breakup by Product Type:

• Hydrocarbons
• Fluorocarbons
• Nitrous Oxide and Carbon Dioxide
• DME and Ethyl Methyl Ether
• Others

Breakup by Application:

• Personal Care
• Household
• Medical
• Automotive
• Food and Beverage
• Others

 Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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