Aerosol Market, By Material (Steel, Aluminum), By Type ( Standard, Bag-In-Valve), By Application (Personal Care, Household), By Region – Global Analysis Forecast Till 2030

The Worldwide Aerosol Market size was estimated at USD 73.9 billion in 2021 and is expected to hit around USD 156.42 billion by 2030, at a compound annual growth rate of 6.62% from 2022 to 2030.

Aerosols are a type of suspended particle in the atmosphere. For example, the oil alpha-pinene, which floats as a mist, is released by pine trees, which is how it can organically form. Artificial aerosols include pollutants, including smoke, fumes, and air. Sprays that distribute substances are what aerosols are typically known as. For example, spraying pesticides and drugs is possible with aerosol sprinkles. A rise in demand for personal care items, including body creams, deodorants, sunblocks, and other cosmetics, is predicted for the aerosol industry, which will be advantageous for that sector. In addition, personal care firms like Estee Lauder, Johnson & Johnson, Procter & Gamble, and others have a significant manufacturing footprint, which is likely to be advantageous for the market.

The demand for personal care goods is rising, with the majority occurring in emerging nations due to a fast-expanding population, increasing disposable income, changing lifestyles, and a wider variety of personal care products. The demand for domestic goods, including air fresheners, disinfectants, and air fresheners for interior and automotive use, has increased, which has led to an expansion of the aerosol market.

Market Dynamics

Drivers:

In addition, it is projected that the launch of aerosol cleaning products approved by the Environmental Protection Agency (EPA) will accelerate market expansion. Furthermore, aerosol-based product advances in metal packaging have been seen, which have improved consumer convenience and addressed environmental issues. As an illustration, compressed gases are used instead of hydrocarbons as propellants, and bi-compartmental technology's introduction of a plastic inner bag allows the product to be distinguished from the fuel. These actions should accelerate Aerosol market expansion even more.

Easiness of use, aerosols are increasingly being used for packaging various culinary goods, such as oil, whipped cream, edible mousse, sprayable flavors, etc. In addition, the rising demand for bakery goods, including pies, cupcakes, ice cream, sundaes, cakes, hot chocolate milkshakes, waffles, cheesecake, and puddings, has also contributed to the huge increase in whipped cream demand during the past several years. In the years to come, it is projected to fuel the expansion of the global Aerosol market.

Restraints:

The materials needed to make aerosol cans are more expensive than their more conventional counterparts. Along with disposal fees, the cost of manufacturing contributes to the price of the final product. For uses that don't necessarily call for spray dispensing, less expensive options include tubes, thermoforms, other flexible packaging, rigid plastic, and metal packaging. Refillable spray bottles are increasingly used in place of aerosol cans for spray applications. Additionally, refillable spray bottles are less expensive than aerosol cans because they don't need to be disposed of. They are also more environmentally friendly because of this. This aspect may limit the Aerosol market's growth during the forecast.

Key players:

• Komatsu Ltd. (Japan)

• Sandvik AB

• Epiroc AB

• Doosan Corporation

• Deere & Company

• Atlas Copco Ab (Epiroc Ab)

• Hitachi, Ltd. (Hitachi Construction Machinery Co., Ltd.)

• Liebherr-International Ag

• Metso Corporation

• Caterpillar Inc.

• And Others

Market Segmentation:

Aerosol Market, By Propellent Type

• Liquefied Gas Propellants

• Compressed Gas Propellants

Aerosol Market, By Propulsion

• Diesel

• CNG/LNG/RNG

Aerosol Market, By Valve Type

• Mechanical Actuators

• Non-mechanical Actuators

• Others

Aerosol Market, By Material

• Steel

• Aluminum

• Plastics

• Others

Aerosol Market, By Type

• Bag-In-Valve

• Standard

Aerosol Market, By End Use

• Consumer Packaged Goods (CPG)

• Pharmaceutical

• Automotive & Industrial

• Others

Aerosol Market, By Application

• Personal Care

• Household

• Automotive & Industrial

• Food

• Paints

• Medical

• Others

Aerosol Market, Regions Covered

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

Regional Analysis:

Asia-Pacific is projected to have the aerosol market's quickest growth due to increased household goods sales. Fuelled by a surge in the demand for deodorants and hair care items. In emerging countries, the market for personal care goods has grown significantly due to changing lifestyles, a focus on gender-specific products, and rising consumer spending. In addition, the increased consumer demand for pharmaceutical products is driving up revenue in this industry. The need for products made from aerosol cans is growing throughout Asia due to changing consumer preferences and rising income levels.

It is projected that the European Aerosol market would continue to grow financially. This is expected to be propelled by the fast-growing use of aerosol spray propellant in the region's cosmetics, skincare, and fragrance sectors. For example, Avene, Caudalie Paris, and other well-known cosmetics companies use liquid aerosol-compressed body spray and lotion. An increase in consumer desire for cosmetics and skin care products and rising living levels are driving the industry. In addition, due to an increase in skin disorders, the skin care industry is growing.

Scope of the Report:

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