Global Aerosol Propellant Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Dimethyl Ether (DME), Other Hydrocarbon, HFC, HFO and Others.

By Application;

Personal Care, Household, Medical and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn130363594 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Aerosol Propellant Market (USD Million), 2020 - 2030

In the year 2023, the Global Aerosol Propellant Market was valued at USD 30,365.12 million. The size of this market is expected to increase to USD 45,058.29 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The global aerosol propellant market has experienced significant growth in recent years, driven by the increasing demand for aerosol-based products across various industries. Aerosol propellants, which are used to expel the contents of aerosol containers, are essential components in a wide range of products, including personal care items, household cleaners, automotive products, and pharmaceuticals. The market has benefited from the convenience and efficiency that aerosol products offer to consumers, making them a popular choice for delivering various formulations in a controlled and effective manner.

One of the key factors propelling the growth of the aerosol propellant market is the rising consumer demand for personal care and household products. The personal care sector, in particular, has seen a surge in the use of aerosol products such as deodorants, hair sprays, and shaving creams, driven by changing lifestyles and increasing disposable incomes. Additionally, the household sector has witnessed a growing adoption of aerosol-based cleaners and disinfectants, especially in light of heightened awareness regarding hygiene and cleanliness. This trend is further supported by advancements in aerosol technology that enhance product performance and safety.

However, the market also faces challenges, primarily related to environmental concerns and regulatory restrictions. Traditional aerosol propellants, such as chlorofluorocarbons (CFCs) and hydrocarbons, have been scrutinized for their environmental impact, particularly their contribution to ozone depletion and greenhouse gas emissions. In response, the industry has been shifting towards more environmentally friendly alternatives, such as hydrofluoroolefins (HFOs) and compressed gases like carbon dioxide and nitrogen. This transition presents both a challenge and an opportunity for market players to innovate and develop sustainable solutions that meet regulatory standards while maintaining product efficacy.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Aerosol Propellant Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Personal Care Products
        2. Advancements in Eco-Friendly Formulations
        3. Increasing Urbanization and Disposable Income
      2. Restraints
        1. Environmental Concerns and Regulatory Compliance
        2. Volatility in Raw Material Prices
        3. Competition from Alternative Packaging Formats
      3. Opportunity
        1. Expansion in Emerging Markets
        2. Development of Propellant-Free Delivery Systems
        3. Diversification into New Application Areas
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
        1. Porter's Analysis
          1. Bargaining Power of Suppliers
          2. Bragaining Power of Buyers
          3. Threat of Substitutes
          4. Threat of New Entrants
          5. Competitive Rivalry
  5. Market Segmentation
    1. Global Aerosol Propellant Market, By Type, 2020 - 2030 (USD Million)
      1. Dimethyl Ether (DME)
      2. Other Hydrocarbon
      3. HFC
      4. HFO
      5. Others
    2. Global Aerosol Propellant Market, By Application, 2020 - 2030 (USD Million)
      1. Personal Care
      2. Household
      3. Medical
      4. Others
    3. Global Aerosol Propellant Market, By Geography, 2020 - 2030 (USD Million)
      1. Regional Trends
        1. North America
          1. United States
          2. Canada
        2. Europe
          1. Germany
          2. United Kingdom
          3. France
          4. Italy
          5. Spain
          6. Nordic
          7. Benelux
          8. Rest of Europe
        3. Asia Pacific
          1. Japan
          2. China
          3. India
          4. Australia/New Zealand
          5. South Korea
          6. ASEAN
          7. Rest of Asia Pacific
        4. Middle East & Africa
          1. GCC
          2. Israel
          3. South Africa
          4. Rest of Middle East & Africa
        5. Latin America
          1. Brazil
          2. Mexico
          3. Argentina
          4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Akzo Nobel N.V.
      2. Arkema Group
      3. BOC
      4. Royal Dutch Shell PLC
      5. The Chemours Company
      6. Aveflor A.S.
      7. Aeropres Corporation
      8. Honeywell International, Inc.
      9. Diversified CPC International
      10. Emirates Gas LLC
      11. Shanghai Cal Custom Manufacturing & Aerosol Propellant Co., Ltd.
      12. Jiutai Energy Group
      13. Grillo Werke AG
  7. Analyst Views
  8. Future Outlook of the Market