07.03.2019 Views

Aerosol Propellants Market Analysis by Application and Competitive Insights to 2025

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

<strong>Aerosol</strong> <strong>Propellants</strong> <strong>Market</strong> <strong>Analysis</strong> <strong>by</strong> <strong>Application</strong> <strong>and</strong><br />

<strong>Competitive</strong> <strong>Insights</strong> <strong>to</strong> <strong>2025</strong><br />

“The <strong>Aerosol</strong> <strong>Propellants</strong> <strong>Market</strong> was estimated at USD 7.26<br />

Billion in the year 2015. The market is likely <strong>to</strong> increase during the<br />

forecast period, owing <strong>to</strong> the development <strong>and</strong> utilization of<br />

superior propellant formulations that offer improved product<br />

dispensing capabilities.”<br />

The <strong>Aerosol</strong> <strong>Propellants</strong> <strong>Market</strong> was estimated at USD 7.26 Billion in the year 2015. The market is likely <strong>to</strong><br />

increase during the forecast period, owing <strong>to</strong> the development <strong>and</strong> utilization of superior propellant<br />

formulations that offer improved product dispensing capabilities.<br />

The industry comprises numerous manufacturers across the globe, who are focusing on the development of<br />

advanced products <strong>to</strong> exp<strong>and</strong> their business <strong>and</strong> hence enhance their presence as key players <strong>and</strong> improve their<br />

global reach. The industry is likely <strong>to</strong> see substantial growth over the years ahead, as a result of increased<br />

penetration of aerosol cans in various application sec<strong>to</strong>rs including medical, au<strong>to</strong>motive, food processing <strong>and</strong><br />

paints. Owing <strong>to</strong> the heavy dem<strong>and</strong> of aerosol cans in health <strong>and</strong> hygiene associated products like insect<br />

repellants <strong>and</strong> air fresheners, this in turn is likely <strong>to</strong> increase the dem<strong>and</strong> for propellants over the years ahead.<br />

Additionally, rapid urbanization along with infrastructural developments in countries like the UAE, India <strong>and</strong><br />

China is expected <strong>to</strong> boost the consumption of cans <strong>and</strong> thus propel the product dem<strong>and</strong>.<br />

The market is heavily dependent on the availability of oil <strong>and</strong> gas products as raw materials such as natural gas<br />

<strong>and</strong> petroleum. The price of the propellants is expected <strong>to</strong> increase due <strong>to</strong> high volatility in the prices of natural<br />

gas <strong>and</strong> petroleum along with high dem<strong>and</strong> for petroleum fuels in the au<strong>to</strong>motive sec<strong>to</strong>r.<br />

Request Sample Copy of this <strong>Market</strong> Research @<br />

https://www.millioninsights.com/industry-reports/aerosol-propellants-market/request-sample


Transportation of the product is one of the key issues currently faced in the industry, owing <strong>to</strong> its highly<br />

inflammable nature. One of the major product segments such as dimethyl ether is usually transported <strong>by</strong> means<br />

of ISO containers which provide additional convenience in terms of s<strong>to</strong>rage <strong>and</strong> also reduce secondary<br />

transportation cost <strong>to</strong> a certain extent.<br />

Product <strong>Insights</strong><br />

Methyl ether <strong>and</strong> dimethyl ether, one of the key product segments are estimated <strong>to</strong> witness growth at a CAGR<br />

of 6% during the forecast period, as these products exhibit low global warming potential <strong>and</strong> no damage <strong>to</strong> the<br />

ozone layer. Due <strong>to</strong> the superior performance <strong>and</strong> reduced costs of the product, the dem<strong>and</strong> for DME based<br />

blends is likely <strong>to</strong> increase the usage of can fillers thus enhancing the product consumption.<br />

Due <strong>to</strong> the fac<strong>to</strong>rs including low environmental damage <strong>and</strong> higher stability the consumption of aerosol<br />

propellant gases is expected <strong>to</strong> rise over the years ahead. The utilization of nitrous oxide is highly regulated due<br />

<strong>to</strong> its adverse effects on health of humans.<br />

Browse Full Research Report @<br />

https://www.millioninsights.com/industry-reports/aerosol-propellants-market<br />

<strong>Application</strong> <strong>Insights</strong><br />

Increased usage of floor cleaners <strong>and</strong> insect sprays is considered <strong>to</strong> drive the product consumption in the<br />

household application segment. The dem<strong>and</strong> for spray cleaners has also increased due <strong>to</strong> the boom in<br />

disposable income of consumers <strong>and</strong> noticeable changes in lifestyle of consumers which has increased the<br />

dem<strong>and</strong> for products like wall coverings, furniture <strong>and</strong> others.<br />

The au<strong>to</strong>motive sec<strong>to</strong>r is expected <strong>to</strong> rise at a CAGR of 5% from 2016 <strong>to</strong> <strong>2025</strong>, thus impelling the product<br />

consumption in processing of anti-fog agents, au<strong>to</strong>motive cleaning agents, adhesives <strong>and</strong> sealants, <strong>and</strong><br />

lubricants. To reduce the operational <strong>and</strong> maintenance costs in au<strong>to</strong>motive <strong>and</strong> industrial applications the<br />

increased preference <strong>to</strong>wards preventive maintenance is likely <strong>to</strong> increase the dem<strong>and</strong> for above mentioned<br />

products.<br />

Regional <strong>Insights</strong><br />

The Asia Pacific market is expected <strong>to</strong> show the fastest growth owing <strong>to</strong> a couple of socio-economic fac<strong>to</strong>rs such<br />

as increase in disposable income <strong>and</strong> change in consumer lifestyles. Significantly rising use of various personal<br />

care products such as hair styling sprays <strong>and</strong> deodorants, among consumers is likely <strong>to</strong> boost the product


consumption in the future. The marketis expected <strong>to</strong> see a huge growth due <strong>to</strong> availability of low cost product<br />

formulations, as a consequence of decreased costs of raw material <strong>and</strong> low cost labor.<br />

In terms of revenue, Germany is likely <strong>to</strong> account for over 28% share in Europe region, owing <strong>to</strong> substantial<br />

utilization of personal care products such as dry shampoos, deodorants <strong>and</strong> spray-on cosmetics. Considerable<br />

production as well as consumption of cars in Germany has increased the requirements of spray paints <strong>and</strong><br />

au<strong>to</strong>motive interior cleaners. This in turn, is estimated <strong>to</strong> improve the industry growth during the forecast<br />

period.<br />

<strong>Competitive</strong> <strong>Insights</strong><br />

E.I. DuPont de Nemours <strong>and</strong> Company, BOC Industrial Gases, Harp International, Grillo-Werke GmbH,<br />

ExxonMobil, Unigas Europe, <strong>Aerosol</strong> Gas Ltd., <strong>and</strong> Covestro AG are a couple of the prominent players operating<br />

in the global market.<br />

Companies such as Honeywell International Inc., Royal Dutch Shell Plc are engaged in the manufacturing of<br />

advanced products in order <strong>to</strong> exp<strong>and</strong> their business portfolio. For instance, Crown Holdings Inc., developed a<br />

system called EarthSafe Dispensing System which substitutes hydrocarbons with compressed air as the<br />

propellant. Moreover, the product developed <strong>by</strong> Ultramotive Corporation, a US based packaging systems<br />

manufacturer permits <strong>to</strong>tal aerosol product evacuation at consistent flow rates from beginning <strong>to</strong> end.<br />

<strong>Market</strong> Segment:<br />

Product Outlook (Volume, Kilo <strong>to</strong>ns; Revenue, USD Million, 2014 - <strong>2025</strong>)<br />

• Hydrocarbons<br />

• Dimethyl Ether (DME) & Methyl Ethyl Ether<br />

• Nitrous Oxide <strong>and</strong> Carbon dioxide<br />

• Others<br />

<strong>Application</strong> Outlook (Volume, Kilo <strong>to</strong>ns; Revenue, USD Million, 2014 - <strong>2025</strong>)<br />

• Personal Care<br />

• Household<br />

• Au<strong>to</strong>motive & Industrial<br />

• Food<br />

• Paints<br />

• Medical<br />

• Others


Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - <strong>2025</strong>)<br />

• North America<br />

• U.S.<br />

• Europe<br />

• Germany<br />

• UK<br />

• Asia Pacific<br />

• China<br />

• India<br />

• Latin America<br />

• Brazil<br />

• Middle East & Africa<br />

See More Reports of this Category <strong>by</strong> Million <strong>Insights</strong> @<br />

https://www.millioninsights.com/industry/personal-care-products<br />

Get in <strong>to</strong>uch<br />

At Million <strong>Insights</strong>, we work with the aim <strong>to</strong> reach the highest levels of cus<strong>to</strong>mer satisfaction. Our<br />

representatives strive <strong>to</strong> underst<strong>and</strong> diverse client requirements <strong>and</strong> cater <strong>to</strong> the same with the<br />

most innovative <strong>and</strong> functional solutions.<br />

Contact Person:<br />

Ryan Manuel<br />

Research Support Specialist, USA<br />

Email: ryan@millioninsights.com<br />

Global Headquarters<br />

Million <strong>Insights</strong><br />

Fel<strong>to</strong>n Office Plaza 6265 Highway 9 Fel<strong>to</strong>n, California 95018, United States<br />

Phone: 1-408-610-2300<br />

Email: sales@millioninsights.com<br />

Asia Pacific<br />

Million <strong>Insights</strong><br />

Office No. 302, 3rd Floor, Manikch<strong>and</strong> Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016<br />

India<br />

Phone: 91-20-65300184

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!