Global Aerosol Propellant Market size worth above USD 34,740 million by 2027
Published Date: July 1, 2021 Authors: Kunal Ahuja, Sonal Singh
According to a new research report by Global Market Insights Inc., the Aerosol Propellants Market size is set to surpass USD 34,740 million by 2027.
Aerosol propellants are materials used to carry or propel active ingredients in container in various forms such as foam, semi-liquids, sprays and mist. The product is used in aerosol cans which provide a superior alternative for dispensing products such as paints, shaving foams and hair sprays. These propellants are widely used in personal care products and in paint cans for ease in handling and properly dispensing the content in container.
Increasing usage of nitrous oxide in various food products should augment market growth
Global aerosol propellants market by nitrous oxide witnessed a consumption of over 870 tons in 2020, which is likely to exhibit significant gains up to 2027. Nitrous oxide is food safe and is widely used as propellant to deliver food stuff such as whipping cream and cooking spray. Cooking oil spray offers benefits of low calorie as it sprays a small number of calories on food resulting in less fattening food which should boost product demand.
Moreover, cooking oil spray also offers advantages of less greasy food with fewer free radicals which will reduce the risk of heart disease and cholesterol. Nitrous oxide is also used in whipping cream for ease in dispensing the cream from the container and acts as a preservative to avoid rancidity. Increasing demand for cooking oil spray owing to its various advantages including health benefits and ability to avoid food stick on pan which makes it easy to clean which represents substantial growth opportunities for market growth.
“As per industry forecast, Nitrous Oxide should register over 6% gains by 2027, pertaining to rising demand for aerosol food products”
Browse key industry insights spread across 250 pages with 167 market data tables and 20 figures & charts from the report, “Aerosol Propellants Market Size By Product (DME & Methyl Ethyl Ether, Hydrocarbons, Nitrous Oxide & Carbon Dioxide), By Application (Household, Personal Care, Foods, Automotive & Industrial, Medical, Paints) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Increasing product demand for its use in various household products should stimulate the business growth
Aerosol Propellants market demand from household products should exceed USD 12715 million up to 2027 should register gains over 6.5% from 2021 to 2027 pertaining to increasing demand for household products such as room deodorants and cleaning agents. The product is used in household products such as mosquito repellants, air fresheners and furniture cleaners. Increasing usage of insect sprays and floor cleaners owing to consumer inclination towards maintaining hygiene is expected to drive product demand in tun accelerating market growth.
The product when used in household products offers advantages of easy to use, provide a targeted stream that reduce waste, ability to reach large and small spaces effectively and ease in product handling. Furthermore, the product is used in household products to deliver mist particles in the atmosphere which remains suspended in air owing to which it is widely used in room deodorants. Rising standard of living and increasing disposable income has resulted in increased demand for household products such as air fresheners and cleaners should trigger product demand thus accelerating business growth.
Increasing product demand for its usage in personal care products should drive market growth in Asia Pacific
Asia Pacific aerosol propellants Market should surpass USD 8370 million up to 2027 and should register over 6.5% gains in the forecasted period pertaining to increasing demand for personal care. The region should witness increased product demand owing to rapidly increasing demand for personal care products. The product is widely used in personal care products including hair conditioners and shaving creams for ease in dispensing container content. Consumers inclination towards beauty and personal hygiene has led to increased demand for personal care products which should boost aerosol propellants demand from personal care product manufacturers in turn fostering business growth in the region. Furthermore, rising number of personal care players along with increasing consumer purchase power is driving personal care industry which should propel product demand thereby boosting regional market growth in the forecasted timespan.
The global aerosol propellants industry share is competitive and comprises various companies such as Arkema Group, Emirates Gas LLC, Aeropres Corporation, Royal Dutch Shell LLC, Lapola Industries Inc, Aveflor A.S. Companies are focused on strategic acquisitions to increase production capacity and expand global reach.