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    Aerosol Propellants Market

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    Abhineet Shrivastava
    This document summarizes a study by Grand View Research on the global aerosol propellants market. Some key points: - The market is expected to reach $24.83 billion by 2020, growing at a 4.6% CAGR from 2014-2020 due to increasing demand for aerosol products. - Hydrocarbons make up over 80% of the market due to their low cost and stability compared to other propellants. - Personal care is the largest application segment and household products are expected to see the fastest growth. - Europe dominates the market currently but Asia Pacific is expected to see the fastest growth over the next six years.

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    Aerosol Propellants Market

    Uploaded by

    Abhineet Shrivastava
    14 views3 pages
    This document summarizes a study by Grand View Research on the global aerosol propellants market. Some key points: - The market is expected to reach $24.83 billion by 2020, growing at a 4.6% CAGR from 2014-2020 due to increasing demand for aerosol products. - Hydrocarbons make up over 80% of the market due to their low cost and stability compared to other propellants. - Personal care is the largest application segment and household products are expected to see the fastest growth. - Europe dominates the market currently but Asia Pacific is expected to see the fastest growth over the next six years.

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    Aerosol Propellants Market

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    This document summarizes a study by Grand View Research on the global aerosol propellants market. Some key points: - The market is expected to reach $24.83 billion by 2020, growing at a 4.6% CAGR from 2014-2020 due to increasing demand for aerosol products. - Hydrocarbons make up over 80% of the market due to their low cost and stability compared to other propellants. - Personal care is the largest application segment and household products are expected to see the fastest growth. - Europe dominates the market currently but Asia Pacific is expected to see the fastest growth over the next six years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views3 pages

    Aerosol Propellants Market

    Uploaded by

    Abhineet Shrivastava
    This document summarizes a study by Grand View Research on the global aerosol propellants market. Some key points: - The market is expected to reach $24.83 billion by 2020, growing at a 4.6% CAGR from 2014-2020 due to increasing demand for aerosol products. - Hydrocarbons make up over 80% of the market due to their low cost and stability compared to other propellants. - Personal care is the largest application segment and household products are expected to see the fastest growth. - Europe dominates the market currently but Asia Pacific is expected to see the fastest growth over the next six years.

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    © All Rights Reserved
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    See discussions, stats, and author profiles for this publication at: https://www.researchgate.

    net/publication/274964009

    Aerosol Propellants Market Analysis, Size, Share To 2020

    Article · April 2015

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    Shashi Kumar
    Grand View Research, Inc.
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    Global Aerosol Propellants Market By Product
    (Hydrocarbons, DME, CFC), By Application (Households,
    Personal Care, Paints & Coatings, Medical) Is Expected To
    Reach USD 24.83 Billion By 2020: Grand View Research,
    Inc.
    Global aerosol propellants market is expected to reach USD 24.83 billion by 2020, according to
    a new study by Grand View Research, Inc. Increasing demand for aerosol products coupled with
    rising application in cosmetics is expected to drive market growth. Growing demand for aerosol
    propellants primarily in household products including air fresheners, disinfectants and insect
    repellents is expected to supplement market growth. Asia Pacific is expected to witness swift
    growth over the forecast period as a result of mounting demand for household products along
    with supportive regulatory scenario. Technological advancements and innovations to develop
    low cost, eco-friendly and low VOC products are further expected to serve as growth
    opportunities for the market over the forecast period.

    Hydrocarbons were the largest product segment in 2013, accounting for over 80% of market
    demand in 2013. Hydrocarbons are expected to witness demand growth due to their low cost,
    high stability and low toxicity as compared to other propellants. In addition, hydrocarbons
    demand in deodorants, hair-sprays, shaving foams and antiperspirants is expected to help them
    maintain high market share over the next six years.

    Further key findings from the study suggest:

     Global aerosol propellants market demand was 9,137.7 kilo tons in 2013 and is expected
    to reach 12,494.7 kilo tons by 2020, growing at a CAGR of 4.6% from 2014 to 2020
     Personal care was the largest application segment in 2013 and is expected to witness
    substantial growth over the forecast period on account of increasing demand for products
    including skincare, hair care, antiperspirants and deodorants. In addition, household
    applications are expected to witness fastest growth owing to increasing consumption for
    air fresheners and insect repellents.
     Europe was the dominant regional market, accounting for over 35% of global demand in
    2013. The market is expected to witness swift growth over the next six years owing to
    increasing demand for aerosol products in the region.
     Asia Pacific is expected to witness fastest demand growth, at an estimated CAGR of
    around 5.5% from 2014 to 2020, owing to growing consumer awareness coupled with
    increasing disposable income in China, Australia, India, Malaysia, Japan and Indonesia.
    Moreover, increasing demand for personal care products such as deodorants among
    younger population primarily in India and China is expected to augment market growth.
     Key market players include DuPont, Aveflor, Honeywell, Aeropres Corporation, Bayer
    MaterialScience AG, Lapolla Industries Inc., AkzoNobel, Emirates Gas, National Gas
    Company SAOG, K-G Packaging, Shanghai Cal Custom Manufacturing & Aerosol
    Propellants Co. Ltd., BOC Industrial Gases UK and Harp International. Various market
    participants have introduced propellants which offer low VOC formations and abide by
    air quality standards for consumer, household and industrial applications.

    For the purpose of this study, Grand View Research has segmented the global aerosol propellants
    market on the basis of product, application and region:

    Global Aerosol Propellants Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
    2012 - 2020)

    • Hydrocarbons

    • DME

    • CFC

    • Nitrous oxide and carbon dioxide

    Global Aerosol Propellants Application Outlook (Volume, Kilo Tons; Revenue, USD
    Million, 2012 - 2020)

    • Households

    • Personal Care

    • Paints & Coatings

    • Medical

    • Others

    Global Aerosol Propellants Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
    2012 - 2020)

    • North America

    • Europe

    • Asia Pacific

    • RoW

    View publication stats

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