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Aerosol Market By Material Type (Aluminum, Steel, Glass, Plastic), By Application (Personal Care, Household, Automotive, Food & Beverage, Pharmaceutical, Paints) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

Key Market Insights

Increase use of aerosol in paint industry will spur the market revenue growth.

The global aerosol market accounted for US$ 80.74 Bn in 2018 and is anticipated to grow to US$ 138.86 Bn, growing at a CAGR of 6.3% throughout the forecast period from 2019 to 2027. In 2018, in terms of volume market registered sales of 16.14 Bn units and is anticipated to reach 20.61 Bn units expanding at a CAGR of 3.1%.

The growth of the global aerosol market is anticipated to be driven by factors including increasing consumption of personal care products such as deodorants, hair spray, and shaving creams, among others. The rising environmental concerns and steep growth in the packaging industry are key factors propelling the demand for the aerosol market. The combination of benefits offered by aerosol products, such as ease of use, eco-friendly packaging, aesthetic appeal, and recyclability, among others, contribute towards the aerosol market growth. Aerosol products find usage in wide areas, including personal care, automotive, paint, and household, among others. The rise in disposable income across the globe is also one of the key factors contributing to the growth of the aerosol market.

Additionally, the growing innovation and investments in research and development in the healthcare industry are anticipated to create more opportunities for the growth of the aerosol market. The growing automotive, construction, and paint industry, especially in emerging economies such as India, and China, among others and globally, is projected to further boost the demand for aerosol products, thus driving the aerosol market growth. Moreover, stringent environmental regulations imposed by governments across the globe for producing pollution-free vehicles and products are expected to increase the demand for the aerosol market in the years to come.

Market Synopsis

Material Type Analysis

Aluminum to dominate the market throughout the forecast period.

Based on material type, the aerosol market is classified into aluminum, steel, glass, and plastic. The aluminum segment dominates the global aerosol market and is anticipated to grow at a significant pace. In 2018, the aluminum segment contributed a revenue share of approximately 40% and a volume share of more than 40%. The factors contributing to the growth of the segment are eco-friendly nature, recyclable multiple times, aesthetic appeal, and offers strong packaging.

In contrast, the plastic segment is projected to grow at a rapid pace and is in demand by aerosol manufacturers owing to the benefits offered by it, including low-cost low weight and high recyclability of PET plastic. However, the ban on plastic by governments and the environmental impact of plastic hinder the market growth of this segment.

Application Analysis

Personal Care segment expected to dominate the market during the forecast period

On the basis of application, the global aerosol market is further classified into personal care (deodorants, hairsprays, shaving mousse & gel, hair mousse, others), household (air freshener, insecticides & plant protection products, furniture waxes & polishes, textile and fabric care, shoe/leather care, bathroom & kitchen cleaning mousse, oven cleaners, others), automotive,(grease, spray oil & lubricants, cleaners), food & beverage (oils, sprayable flavors, edible mousse & whipped cream), pharmaceutical (Inhaler, topical application), paints. The personal care segment dominated the aerosol market and is expected to retain its position during the forecast period. The segment accounted for more than 30% share in terms of revenue and more than 35% share in terms of volume. Out of the sub-segments of deodorants, the segment accounted for the largest market share accounting for more than 35% of the market. The growth in this segment can be associated with the growing demand for deodorants and hair care products and the increasing demand for personal care products in emerging economies such as India and China, among others.

Regional Analysis

Rising environmental concerns to bolster the growth in the Asia Pacific region

In 2018, the Europe region dominated the global aerosol market and accounted for 34% of revenue generated globally and more than 30% in terms of volume. The growth in the region can be attributed to the rapidly growing personal care industry owing to increasing consumption of cosmetics, high growth in the fragrance industry, and a rise in consumer spending in countries such as Germany, the UK, and Italy, among others.

In contrast, the Asia Pacific region is anticipated to expand at a significant growth rate. Owing to growing personal care products and household product demand in the region such as China, and India, among others. Rapid urbanization, infrastructural development, rising consumer spending, and increasing awareness regarding aesthetic appearance are expected to propel market growth in the region. 

List of Companies Covered:

Key Industry Development:

In July 2017, Henkel AG announced the acquisition of Darex Packaging Technologies in order to strengthen its product portfolio. Darex technologies provide high-performance sealants and coatings for metal packaging industries and produce a beverage, food, and aerosol cans.

Historical & Forecast Period

This study report represents an analysis of each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation

ATTRIBUTE DETAILS

Research Period: 2017-2027

The base Year: 2018

Forecast Period: 2019-2027

Historical Year: 2017

Unit  USD Billion

Segmentation Material Type Segment (2017–2027; US$ Bn)

  • Aluminum
  • Steel
  • Glass
  • Plastic

 Application Segment (2017–2027; US$ Bn)

  • Personal Care
  • Deodorants
  • Hairsprays
  • Shaving Mousse & Gel
  • Hair Mousse
  • Others

Household

  • Air freshener
  • Insecticides & Plant protection products
  • Furniture waxes & polishes
  • Textile and fabric care
  • Shoe/leather care
  • Bathroom & kitchen cleaning mousse
  • Oven cleaners
  • Others

Automotive

  • Grease
  • Spray Oil & Lubricants
  • Cleaners

Food & Beverage

  • Oils
  • Sprayable Flavors
  • Edible Mousse & Whipped Cream
  • Pharmaceutical
  • Inhaler
  • Topical Application

Paints

 Geography Segment (2017–2027; US$ Bn)

  • North America (US, Rest of North America)
  • Europe (U.K., Germany, France, Russia, Italy, Turkey, Spain, Netherlands, Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Thailand, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa (Saudi Arabia, South Africa, Rest of MEA), Latin America (Brazil, Mexico, Argentina, Rest of Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall Aerosol market. Additionally, the global report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.

Key questions answered in this report

  • What are the current market trends and dynamics in the aerosol market and valuable opportunities for emerging players?
  • Estimated forecast and market projections up to 2027
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which application segment holds a larger market share and why?
  • Are low and middle-income economies investing in the aerosol market?
  • Which is the largest regional market for aerosol?
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • The worldwide market value of the aerosol market in 2017 and 2018
  • Which are the key trends driving the global aerosol market growth?
  • Who are the leading manufacturers in the aerosol market worldwide?

Frequently Asked Questions:

The market for Aerosol Market is expected to reach US$ 138.86 Bn By 2027.

The Aerosol Market is expected to see significant CAGR growth over the coming years, at 6.3%.

The report is forecasted from 2019-2027.

The base year of this report is 2018.

Crabtree & Evelyn, Ltd. Henkel AG, Crown Holdings Inc., Crabtree & Evelyn, Ltd. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Feb 2020
Category:  Advanced Materials
Report ID:   60193
Report Format:   PDF
Pages:   120
Rating:    4.2 (56)
Delivery Time: 24 Hours to 48 Hours   
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