Global Aerosol Propellants Market Insights Forecasts to 2030

• The Global Aerosol Propellants Market Size was valued at USD 9.00 Billion in 2021.
• The Market is growing at a CAGR of 7.4% from 2022 to 2030
• The Global Aerosol Propellants Market Share is expected to reach USD 17.11 Billion by 2030
• North America is expected to grow the fastest during the forecast period.

The Gobal Aerosol Propellants Market Size is expected to reach USD 17.11 Billion by 2030, at a CAGR of 7.4% during the forecast period 2022 to 2030. Demand for the product is also anticipated to increase as a result of the expanding use of aerosol propellants in cosmetics and personal care goods. Additionally, throughout the anticipated period, new product introductions in the categories of shaving foams, shampoos, deodorants, and antiperspirants are anticipated to provide significant market potential.

Market Overview

Cans containing compressed gases known as Aerosol propellants are used to dispense liquid paste at high pressure. Some of the most frequently used propellants are hydrocarbons, nitrous oxide, dimethyl ether, methyl ethyl ether, carbon dioxide, CFCs, and hydro-fluorocarbons. They are used in a wide range of sectors, including cosmetic, pharmaceutical, food and beverage, automotive, and home products. They may be found in antiperspirants, shaving creams, hair mousses, and air fresheners. Personal care and home items including hair sprays, deodorants, insecticides, shaving creams, fabric fresheners, furniture polish, oven cleansers, and leather care are examples of aerosol uses. The market is anticipated to continue to increase as a result of the expanding usage of aerosol propellants in hair sprays, styling mousses, and deodorants & antiperspirants. Growing demand for skin care products, cutting-edge beauty procedures, and marketing tactics used by companies like L'Oréal, Unilever, and P&G are some of the major reasons propelling the global cosmetics industry. Additionally, macroeconomic factors including growing consumer disposable income are anticipated to stimulate demand for cosmetics and personal care items. Sunburn, bug bites, discomfort, and itching issues are treated with aerosol in asthma inhalers and other sprays. Because they are so simple to use and handle, aerosolized painkillers are often packaged. Additionally, it is anticipated that in the upcoming years, the number of sports competitions will increase globally, which would increase demand for medical aerosol. The aerosol market strives to offer secure goods to its clients, and in order to prevent customer pain, the products are constantly monitored and examined for inconsistencies. As a result, market players are required to adhere to a number of rules including product safety, environmental effect, manufacture & storage, and transportation. Sustainable Consumption and Production, the Packaging and Packaging Waste Directive, the F-gases Regulation (EC) No 842/2006, and the VOC Paints Directive 2004/42/EC are a few rules that have an influence on the environment. The COVID-19 epidemic, which resulted in the closure of multiple key production firms, had a substantial effect on the world market for aerosol propellants. The COVID-19 epidemic has temporarily stopped manufacturing in various nations. One of the major sectors affected by the epidemic is the chemical and materials industry, which has seen supply chains collapse, technology events be cancelled, and office closures. The market demand for these propellants marginally grew as many significant companies started manufacturing. Due to a growth in market demand, the major manufacturers of these propellants have planned to spend in boosting their production capacity. Another industry that is anticipated to dramatically boost aerosol consumption throughout the projected period is food. Over the course of the projected period, market growth is anticipated to be driven by the increasing usage of aerosols in several culinary products, including chocolate, whipped cream, ketchup, olive oil, and vinegar. The global whipped cream market has been pushed by rising consumption of ice cream, pies, cupcakes, sundaes, hot chocolate milkshakes, cakes, cheesecakes, waffles, and puddings. The demand has been shown to be increasing as a result of the aerosol whipped cream's uniform and precise distribution. In the upcoming years, the expanding whipped cream industry is also projected to be advantageous for the worldwide aerosol market.

Report Coverage

This research report categorizes the Market for global Aerosol Propellants based on various segments and regions, forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Global Aerosol Propellants Market. Recent Market developments and competitive strategies such as expansion, Product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the Market. The report strategically identifies and profiles the key Market players and analyses their core competencies in each global Aerosol Propellants Market sub-segments.

Segmentation Analysis

• In 2021, the Hydrocarbons segment accounted for the largest share of the Market, with 30.6% and a Market revenue of 2.75 Billion.

Based on the product, the Aerosol Propellants Market is categorized into Hydrocarbons, Nitrous Oxide & Carbon Dioxide, DME & Methyl Ethyl Ether and Others. In 2021, the Hydrocarbons segment accounted for the largest share of the Market, with 30.6% and a Market revenue of 2.75 Billion. Throughout the forecast period, the Hydrocarbons segment is anticipated to maintain its leading position Due to their low toxicity, cheap cost, and non-reactivity, which makes them ecologically acceptable, pharmaceutical aerosols account for a large portion of their market share. Additionally, they don't include halogen, making them great water-based aerosols or propellants, which will help their demand throughout the predicted period.

• In 2021, the Personal Care segment accounted for the largest share of the Market, with 20.6% and a Market revenue of 1.85 Billion.

Based on the application, the Aerosol Propellants Market is categorized Household, Personal Care, Paints & Coatings, Medical, Automotive & Industrial, Foods and Others. In 2021, the Personal Care segment accounted for the largest share of the Market, with 20.6% and a Market revenue of 1.85 Billion. Throughout the forecast period, the Personal Care segment is anticipated to maintain its leading position while expanding at the fastest CAGR. Its high percentage may be attributed to a number of developments, including economic expansion, an escalating middle-class population, and rising per capita income. Antiperspirants and deodorants are categorised as daily-use products. The market for personal care products, particularly antiperspirants and deodorants, is being driven by elements including healthy ingredients, attractive container designs, and packaging innovation.

Regional Segment

Analysis of the Aerosol Propellants Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe emerged as the largest Market for the global Aerosol Propellants Market, with a Market share of around 32.9% and 2.96 Billion of the Market revenue in 2021.

• Europe emerged as the largest Market for the global Aerosol Propellants Market, with a Market share of around 32.9% and 2.96 Billion of the Market revenue in 2021. The demand for Aerosol Propellants is being driven by the rising acceptance by the market. The market for Aerosol Propellants was dominated by the Europe region this is explained by Sales of cosmetics and personal care items are anticipated to increase dramatically as a result of the growing trend of online shopping in Europe. Due to advantages including regular purchases, a comprehensive product portfolio for a huge variety of brands, discounts, promotions, and special offers, consumers prefer online shopping. Consumers' propensity for grooming may be ascribed to the rising demand for cosmetics and other personal care goods, especially in Germany, Italy, France, Spain, and the UK. This trend is also anticipated to drive market expansion. In Europe, the industry for personal care goods is well-established, which leads to high demand of aerosol.
•  North America Market is expected to grow at the fastest CAGR between 2021 and 2030, Due to the significant presence of major corporations like Unilever and Procter & Gamble in the United States, the market for aerosol propellants in North America is anticipated to rise. Throughout the projection period, market growth is anticipated to be aided by the aforementioned firms' primary focus on new product advancements in the realms of home and personal care goods. Due to expanding purchasing power and consumer awareness, the demand for skincare products is developing in the Asia Pacific area. In consequence, it is anticipated that this would accelerate market growth overall in the upcoming years.

Competitive Landscape

The report offers the appropriate analysis of the key organizations/companies involved within the global Aerosol Propellants Market along with a comparative evaluation primarily based on their Product offering, business overviews, geographic presence, enterprise strategies, segment Market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including Product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the Market.

List of Key Market Players:

• Aveflor AS
• Arkema Group
• AkzoNobel N.V.
• Aztec Aerosols Limited (Instarmac Group Plc)
• Diversified CPC International
• Emirates Gas LLC
• Grillo-Werke Aktiengesellschaft
• Harp International Ltd.
• Honeywell International Inc.
• Jiutai Energy Group
• Nouryon Aeropress Corporation
• Repsol S.A. Royal Dutch Shell PLC
• Shanghai Cal Custom Manufacturing & Aerosol Propellants Co. Ltd
• The Chemours Company
• Crucial Industry Insights

Key Target Audience

• Market Players
• Investors
• Applications
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Some of the Key Developments:

• In February 2022, Nitric oxide nasal spray "FabiSpray," created in collaboration with the Canadian pharmaceutical company SaNOtize, was released by Glenmark Pharmaceuticals Ltd.
• In July 2019, Three new assembly plants will be added to AkzoNobel's powder coating production in Changzhou, China, the company revealed. The largest facility of its kind in the whole world is this one. The further adjustments that are recommended will cost about 3 million euros and will increase the facility's present manufacturing capabilities.

Market Segment

This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Aerosol Propellants Market based on the below-mentioned segments:

Global Aerosol Propellants Market, By Product

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

Global Aerosol Propellants Market, By Application

• Household
• Personal Care
• Paints & Coatings
• Medical
• Automotive & Industrial
• Foods
• Others

Global Aerosol Propellants Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa