The global aerosol market has been segmented by application, and geography. By application segment, the market is categorized into household, automotive industry, paint and varnishes, food, personal care, insecticide, and other applications.
Global Aerosol Market size is expected to reach $94.4 billion by 2024 from $69.6 billion in 2016; growing at a CAGR of 3.9% from 2016 to 2024.
Some of the factors driving the growth of global market include growing application of aerosols in medical products, paints, adhesives, food, and automotive. Growing demand for few products along with personal care products, increasing disposable income along with rising standard of living are also fuelling the usage these substances, for better living.
Furthermore, asthma inhalers are also one of the application areas for these, but the presence of toxic material fluorocarbons named hydrofluoroalkanes is expected to confine the demand and aerosol market share.
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Global aerosol market has been categorized into application and geography. Application segment is further categorized into household, paint and varnishes, food, personal care, automotive industry, insecticide, and other applications.
Personal care accounted for the largest market share in 2016, and is expected to continue its dominance during the forecast period 2016-2024. Rising standard of living along with increasing disposable income are the major factors leading to the growth of this sub segment.
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Based on geography, the global market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). Europe is accounts for the major market share of 36.1% in 2016 and is expected to continue its share throughout the forecasted period 2016 - 2024, driven by the rising demand for personal care products which is expected to contribute in the mounting popularity of these aerosols in Spain, UK, Germany, Italy, and France, among others.
The major key players operating in the market are S.C. Johnson, Thymes LLC, Reckitt Benckiser, Crabtree & Evelyn, Henkel AG & Co., Unilever, Akzo Nobel N.V., The Chemours Company, Proctor and Gamble Co., and Coster Tecnologie Speciali S.p.A., among others.
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Scope of the Global Aerosol Market
- Automotive Industry
- Paint and Varnishes
- Personal care
- Other Applications
- North America
- Asia Pacific
- South America
- Middle East
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