PUBLISHER: IMARC | PRODUCT CODE: 1541276
PUBLISHER: IMARC | PRODUCT CODE: 1541276
The global aerosol propellants market size reached US$ 10.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.
Aerosol propellants refer to liquified or compressed gases stored in aerosol cans to dispense liquids, pastes or powders with high pressure. The pressurized propellant is expelled out once the container valve in the can is opened. Some of the commonly used aerosol propellants include hydrocarbons, dimethyl ether (DME), methyl ethyl ether, nitrous oxide, carbon dioxide, chlorofluorocarbons (CFC) and hydrofluorocarbons (HFC). They are widely used in antiperspirants, shaving creams, hair mousses and air fresheners and find extensive applications across various industries, including cosmetic, medical, food and beverage, automotive and household products.
Significant growth in the cosmetic industry, along with an increasing preference for aerosol products, represents one of the key factors creating a positive outlook for the market. With the rapid urbanization across the globe, especially in the developing economies, there is a growing preference for aerosol-based household product formulations, such as insect repellants, disinfectants and air fresheners. In line with this, increasing application in the construction and automotive industry is also contributing to the market growth. For instance, aerosol paints are widely used for refurbishing cars and bikes to touch up dents and scratches and add aesthetically appealing designs on the body of the vehicle. The product innovations, such as the development of airless and Stahl Monoblock cans that use environment-friendly propellants, are acting as other growth-inducing factors. These cans have minimal volatile organic compounds (VOC), thereby increasing the overall utilization in health- and hygiene-related products. Other factors, including rising expenditure capacities of the consumers, along with the continual launch of novel gender-specific personal care products, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global aerosol propellants market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, product type and application.
Compressed Gas
Liquified Gas
Hydrocarbons
Fluorocarbons
Nitrous Oxide and Carbon Dioxide
DME and Ethyl Methyl Ether
Others
Personal Care
Household
Medical
Automotive
Food and Beverage
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aeropres Corporation, AkzoNobel N.V., Arkema S.A., Aztec Aerosols Limited (Instarmac Group Plc), Emirates Gas LLC, Grillo-Werke Aktiengesellschaft, Harp International Ltd., Honeywell International Inc., Repsol S.A and Royal Dutch Shell PLC.