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Aerosol Propellants Market Size

Report ID: GMI102
Published Date: Jun 2021
Report Format: PDF

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Aerosol Propellants Market Size

Global Aerosol Propellants Market size exceeded USD 22,820 million in 2020 and is estimated to grow at a CAGR of 6.3% between 2021 and 2027 owing to increasing product demand for its application in personal care products such as deodorants and antiperspirants.

Aerosol propellants are compressed gases in a container that are released on pressure and expansion through valve which carries another substance present in the container and releases in the air. The product is used in containers to release the container content in the form of mist, foam, semi-solids or liquid form and has various applications including household cleaners, personal care products, Medical and paints.

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Increasing adoption of aerosol-based products in various end-use industries including cosmetics, pharmaceutical and personal care should drive product demand. Consumers have increased inclination towards medical spray products owing to its ability to provide efficient and quick relief on affected areas. Moreover, the product offers benefits of ease in handling in simple, efficient way, covers a wide area and does not splash. Increasing demand for automotive cleaning and refreshing products such as car air fresheners owing to rising awareness about vehicle maintenance is anticipated to accelerate the aerosol propellants market growth in the projected time period.

Aerosol Propellants Market Report Attributes
Report Attribute	Details
Base Year:	2020
Aerosol Propellants Market Size in 2020:	USD 22829.78 Million
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	6.3%
2027 Value Projection:	USD 34,740 Million
Historical Data for:	2016 to 2027
No. of Pages:	250
Tables, Charts & Figures:	187
Segments covered:	Product, Application
Growth Drivers:	Growth in aerosol consumption in personal care Increasing demand for aerosol products Growing paint & coating industry in Asia Pacific
Pitfalls & Challenges:	Environmental Concern

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Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The global market for aerosol propellants reached USD 22,820 million in 2020 and should expand at a CAGR of over 6.3% through 2027 led by robust demand in personal care products.

Hydrocarbon aerosol propellants industry size exceeded USD 18,045 million in 2020 and will grow led by wide use in topical pharmaceutical products.

Aerosol propellants industry share from personal care products could surpass USD 11,705 million by 2027 due to wide application in deodorants and antiperspirants.

The market for aerosol propellants in North America could exceed USD 10,375 million by 2027 with growing consumption in the auto industry.