Aerosol Propellant Market Analysis By Product (Hydrocarbons, DME, Nitrous Oxide & Carbon Dioxide), By Application (Personal Care, Household, Automotive & Industrial, Foods, Paints, Medical) And Segment Forecasts To 2022

Published: March 2016 | Report Code: 978-1-68038-338-6 | Report Format: Electronic (PDF)

Industry Insights

Global Aerosol Propellant Market size was over 9.0 million tons in 2014 and is expected to witness significant growth over the next seven years owing to increasing demand for aerosols in various applications including food, paints, personal care and automotive industry. Growing demand for hydrocarbons propellants in personal care products including deodorants, hairsprays, styling mousses, shaving foams, and antiperspirants is anticipated to be a key driver for growth. Increasing demand for household aerosol products including disinfectants, air fresheners, and insect repellents will propel growth.

Rising consumption of paints in automotive and construction sector will fuel industry growth. Increasing automobile production in China, Mexico, Germany, Brazil, and Indonesia is expected to have a positive impact on the market. In addition, rising government spending for infrastructure development in China, India, and Brazil is expected to fuel aerosol paint demand in the construction sector over the forecast period.

Growing consumption of personal care products and household products in various countries including China, India, the U.S., Germany, Saudi Arabia, UAE, and Brazil on account of rising disposable income and hygiene awareness is expected to augment industry penetration. However, multiple environmental and health risks associated with the use of propellants in aerosol products are expected to restrain market growth over the next seven years.

North America Aerosol Propellant Market volume by application, 2012-2022, (Kilo Tons)

North America Aerosol Propellant Market

Application Insights

Personal care dominated the global market accounting for over 35% of the volume share in 2014, and the trend is expected to continue over the forecast period. Growing demand for hairspray, dry shampoo, shine spray, sheen spray, mousse, body spray, shaving cream, temporary hair color spray, and deodorants is expected to fuel growth.

Paints are expected to witness significant gains at a CAGR of 5.6% from 2015 to 2022 in light of rapid economic development, high disposable income, and infrastructural development. In addition, rising paints & coatings industry on account of growing construction and automotive sector in Mexico, India, China, U.S., Singapore, and Vietnam will drive industry expansion. Moreover, increasing maintenance and repair activities of infrastructure is expected further boost demand.

Product Insights

DME is expected to witness growth over the forecast period owing to its unique characteristics including water miscibility, stability and solvency power and finds wide application in various aerosol products including hairsprays, and paint sprays. In addition, high usage of DME in cosmetic applications as it is non-toxic and environment-friendly will augment industry growth in the near future. The segment is expected to witness volume gains at a CAGR of 5.2% from 2015 to 2022.

Hydrocarbons dominated the global market accounting for over 80% of the volume in 2014. Regulatory support for consumption of these products coupled with their increasing demand from applications including paints & coatings, households, and medical industry is expected to fuel growth.

High consumption of hydrocarbons in pharmaceutical sector on account of its environmental acceptance, low toxicity, and nonreactivity will increase its demand. The U.S.EPA supports hydrocarbon propellants as they have zero ozone depletion potential and less atmospheric residence time thus does not contribute to global warming. These factors are expected to play a crucial role in market growth in the upcoming years.

Regional Insights

Europe dominated the global market accounting for over 35% of the volume share in 2014. Increasing demand for cosmetic products in Germany, Italy, France and UK is expected to result in substantial gains in the near future. The growth of the hair care industry in Europe owing to an increasing demand for styling agents will boost demand. The robust manufacturing base of cosmetic products in Germany, France, Spain and UK is expected to increase the incorporation of aerosol propellants in the near future.

Asia-Pacific is expected to witness significant growth at a CAGR of 5.5% from 2015 to 2022, in terms of volume. Increasing demand for aerosol products on account of growing consumer awareness along with increasing disposable income mainly in China, India, Australia, Malaysia, Indonesia, and Japan is expected to drive the market. In addition, growing demand for skin care products in China is expected to bolster growth in the upcoming years. Accelerating construction and automotive sectors in China, India and Malaysia is expected to create immense growth potential over the next seven years.

High consumption of fragrances in Brazil is expected to spur Aerosol Propellant Market over the next seven years. Growing personal care sector in MEA mainly Saudi Arabia and UAE will supplement industry expansion over the upcoming years.

Competitive Insights

Global Aerosol Propellant Market is highly competitive with major companies involved in constant product innovation and R&D activities. Key players include BOC Industrial Gases UK, Lapolla Industries Inc., Aveflor, Aeropres Corporation, DuPont, Bayer Material Science AG, Honeywell, Shell, Evonik Industries, AkzoNobel, Diversified CPC International, Inc. Grillo-Werke AG, Emirates Gas, National Gas Company SAOG, ExxonMobil and Harp International.

Various companies have introduced propellants which offer low VOC formations and comply with air quality standards for household, consumer, and industrial applications. In July 2012, Honeywell launched a new product range, solstice propellants, which is non-flammable, non-ozone-depleting, and has low global warming potential (GWP). In January 2012, AkzoNobel expanded its dimethyl ether production capacity to 45,000 tons in Rotterdam plant to cater to the demand for propellants in the cosmetic industry.

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