Aerosol
Propellants Market was valued at USD 16.4 billion in 2013 is expected
to reach USD 23.2 billion by 2019, growing at a CAGR of 5.1% from
2013 to 2019.
Increasing consumer awareness towards personal health and hygiene and their growing demand for different products are the major factors which are driving the global market of aerosol. One of the major factors driving the demand for propellants is the steady growth of the global aerosol market. However, various environmental and health risks associated with the use of propellants in aerosol products are expected to be a restraining factor for the market. The aerosol propellants industry is dominated by hydrocarbons and development of innovative, eco-friendly aerosol propellants are expected to offer major growth opportunity for industry participants.
Key applications industries for aerosol include paints and coatings, household products, and medical to auto care, industrial sprays, food, and veterinary among the others. Spray Polyurethane Foam (SPF) is one of the most predominantly used aerosols. SPF is mainly used in paints and coatings industry. Strong demand from paints and coatings industry is expected to trigger growth of SPF and overall aerosol industry in the years to come.
Hydrocarbons
including propane, n-butane, and isobutane accounted for over 80%
share of the total aerosol propellants market volume in 2012 and are
expected to grow at CAGR of 4.5% from 2013 to 2019. Hydrocarbons, due
to their lower cost and high compatibility with all the other old and
new propellants, are widely used in aerosol products. In addition,
they are on the "Generally Recognized as Safe" (GRAS) list
which is another factor expected to drive market growth. With 7.7%
share in total volume consumption in 2012, dimethyl ether (DME) was
the second largest segment of the aerosol propellants market. Chloro
fluoro carbons (CFCs) which accounted for 0.3% share in total volume
consumption in 2012 are expected to witness decline in their market
share in the years to come. Due to stringent environmental
regulations the use of CFC has been phased out from all applications.
However a small volume of CFC is still in use as an aerosol
propellant and is being traded in the black market.
With
over 37% share in total volume consumption in 2012, Europe was the
leading regional market for aerosol propellants and is expected to
grow at a CAGR of 4.0% from 2013 to 2019. North America was the
second largest market for aerosol propellants with 30.7% share in
total volume consumption in 2012. Asia Pacific is expected to be the
fastest growing region over the next six years, due to rising
consumer income, increasing awareness, changing lifestyles and
increasing demand for aerosol products.
U.S.
was the largest aerosol propellants consuming country in 2012,
followed by China and Germany. The global aerosol propellants market
was highly fragmented and consists of a large number of small and
medium scale manufacturers. In this highly dynamic industry,
distribution plays a very important role and is the key to success.
Lindal, Aeropres and Diversified CPC International are among the
major players in this market.
Aerosol
Propellants Market: Product Segment Analysis
CFC
Hydrocarbons
(propane, n-butane and isobutane)
Dimethyl
ether (DME) and methyl ethyl ether
Nitrous
oxide and carbon dioxide
Aerosol
Propellants Market: Regional Analysis
North
America
U.S.
Europe
Germany
Asia
Pacific
China
India
Rest
of the World (RoW)
Brazil
Aerosol
Market: Application Analysis
Paints
and Coatings
Medical
Households
Others
Aerosol Market: Regional Analysis
North America
U.S.
Europe
Germany
Asia
Pacific
China
India
Rest
of the World (RoW)
Brazil
Spray Polyurethane Foam Market: Regional Analysis
North America
Europe
Asia
Pacific
Rest
of the World (Middle East, Africa, Latin America)
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