Mar 04, 2020: The global Aerosol market size is anticipated to reach USD 143.64 billion by 2027, according to a new report by Radiant Insights, Inc. It is projected to register a CAGR of 6.5% in terms of revenue, during the forecast period. Rising demand for aerosol products from various end-use industries such as personal care, household, automotive and industrial, and medical is anticipated to drive the market growth.
Aerosol paints are increasingly being used for automotive as well as architectural paint application. Uniform propulsion, ease of application, and aesthetic appeal of aerosols are the key factors attributed to the demand from automotive and architectural end-use industries. Furthermore, the rapidly expanding construction sector, especially in developing countries, such as India, China, Vietnam, and Indonesia, are expected to fuel the demand in paint application.
To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/aerosol-market/request-sample
What is aerosol:
An aerosol is a suspension of fine solid particles or liquid droplets in air or another gas. Aerosols can be natural or anthropogenic. Examples of natural aerosols are fog, dust, forest exudates and geyser steam
Considerably high prevalence of respiratory diseases such as asthma and Chronic Obstructive Pulmonary Disease (COPD), majorly due to the changing lifestyle and rising geriatric population is principally driving the demand for aerosol-based inhalers. In addition, rising demand for various pain relief sprays owing to their convenience of application is further anticipated to drive the product demand.
Asia Pacific is among the significant regional markets for aerosol. Rising demand for personal care products from developing countries is anticipated to propel the regional demand over the forecast period. In addition, increasing awareness regarding cleanliness and hygiene is boosting the demand for household products like cleaners, sanitizing agents, and air fresheners, which in turn is projected to drive the regional market growth over the forecast period.
Rising demand from Asia Pacific is encouraging aerosol manufacturers to increase their production. For example, in February 2019, Vanesa Care announced plans to setup its fourth manufacturing facility in India. This facility would be the company’s fourth plant. The market is highly competitive with numerous players involved in acquisitions and expansions. In addition, they also conduct R&D for the emerging sectors such as household and personal care.
Further key findings from the report suggest:
- Personal care application accounted for a market share of 30.0% in terms of revenue in 2019, with wide scale adoption of aerosol for offering deodorant, hair mousse, hair sprays, and others due to its convenience, contributed to the growth
- Automotive and industrial application segment is anticipated to expand at a CAGR of 6.5% from 2019 to 2027. Increasing preference for aerosol-based greases and oils in automobile service stations is majorly driving the demand for aerosol in the automotive and industrial application segment
- Asia Pacific aerosol market, in terms of revenue, is estimated to expand at a CAGR of 8.7% from 2019 to 2027 on account of increasing penetration of retail, growing construction activities, and rising sales of automobiles
- European is expected to witness relatively slower growth over the forecast period, owing to the regulations regarding Volatile Organic Compounds (VOC) emissions laid down by the European Commission and the Environmental Protection Agency (EPA)
- The global market is highly competitive in nature owing to the presence of major players like Proctor & Gamble; Reckitt Benckiser; Unilever; Honeywell International Inc.; SC Johnson & Son Inc.; and Henkel
Get Most Interesting Insights of 2020@:
Stevia Industry Development Overview
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Aerosol Market Variables, Trends, & Scope
3.1. Market Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Major Raw Material Trends
3.3.2. Manufacturing Trends
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Vendor Selection Criteria Analysis
3.7. Aerosol Market - Market dynamics
3.7.1. Market driver Analysis
3.7.2. Market Restraint Analysis
3.7.3. Industry Challenges
3.8. Business Environment Analysis: Aerosol Market
3.8.1. Industry Analysis - Porter’s
3.8.1.1. Supplier Power
3.8.1.2. Buyer Power
3.8.1.3. Substitution Threat
3.8.1.4. Threat from New Entrant
3.8.1.5. Competitive Rivalry
3.8.2. PESTEL Analysis
Continued………….
To See More Reports of This Category by Radiant Insights:
https://industryforcast.wordpress.com
About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: [email protected]
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com
