Aerosol Valve Market Analysis By Product (Continuous, Metered), By Application (Personal Care, Household, Automotive & Industrial, Food, Paints, Medical) And Segment Forecasts To 2022

Published: March 2016 | Report Code: 978-1-68038-748-3 | Report Format: Electronic (PDF)

Industry Insights

Global Aerosol Valve Market size was 14.92 billion units in 2014. Rising demand for aerosol products including hair sprays, room fresheners, deodorants, and antiperspirants is expected to drive growth.

The introduction of innovative products by key FMCG manufacturers such as P&G and Unilever in high potential markets including China and India is expected to promote the importance of aerosol, consequently driving demand for valves.

Increasing focus on metered dose devices with appropriate budget allocations for their development in healthcare applications is expected to augment growth in the near future. Recent technological advancements such as airless dispensers and stahl monobloc cans are expected to result in opening up new opportunities.

The European Commission passed the VOC Paints Directive 2004/42/EC, which is intended for limiting VOC emissions from organic solvents, such as paints & varnishes and vehicle refinishing products. Thus, the presence of a stringent regulatory framework is expected to restrain market for cans and accessories including valves.

U.S. Aerosol Valve Market volume, 2012 – 2022 (Million Units)

U.S. Aerosol Valve Market

Product Insights

Continuous valves were majorly used products, accounting for over 80% of global volume in 2014. These products are used for packaging of topical aerosol containers, which are used in personal care, household and paint industries.

Metered valves are expected to witness significant gains in terms of revenue over the forecast period at a CAGR of 4.4% from 2015 to 2022. Their increased use in asthma and COPD devices is expected to act as a major driver in the near future.

Bag-on valves, polyurethane (PU) foam and other specialized product forms are expected to witness significant growth over the forecast period. The launch of new aerosol products fortified with bag-on-valve technology by P&G and RB is expected to drive demand for these products in the near future.

Application Insights

Demand for aerosol valves was highest in personal care products at 5.73 billion units in 2014. Rising health concerns among consumers coupled with increasing consumption of hygienic products are expected to emphasize the importance of personal care products including infant care, skin care, deodorants, and hair care products. This, in turn, is anticipated to drive industry growth over the forecast period.

The food sector is expected to witness significant gains regarding volume, at a CAGR of 3.5% from 2015 to 2022. Aerosol valves are used in packaging of whipped cream, cooking oil, salad dressing, ketchup, mustard, icing, colorants, cheese spreads and coffee powders. The growth of the food & beverage industry in emerging markets of Brazil, India and China on account of increasing domestic consumption and changing eating habits is expected to have a positive impact.

The increasing use of spray painting technology in the automotive sector is expected to boost the aerosol market. Increasing inclination towards preventive maintenance in industrial & automotive applications on account of reducing production cost is expected to drive demand for adhesives & sealants and lubricants in the near future.

Regional Insights

Europe dominated the global market accounting for 5.68 billion units in 2014 and is expected to witness steady growth over the forecast period. The robust manufacturing base of cosmetic products in Germany, France, Spain and UK is expected to increase the utilization of these products in the near future.

Asia Pacific aerosol valves industry is expected to witness the fastest growth at a CAGR of 3.5% from 2015 to 2022, in terms of volume. Expansion of the construction and automotive sectors in China, India and Malaysia, is expected to play a crucial role in promoting the use of valves in the packaging of spray lubricants and coatings. However, China's Advisory Committee on Climate Change is planning to limit GHG emission by 2020, which is expected to challenge the growth of cans and its accessories.

The presence of supermarkets in UAE, Saudi Arabia, and Kuwait has ensured retail distribution for consumer products. Growing home furnishing industry owing to rise in urbanization, exposure towards global trends and growing furniture use in Middle East countries is expected to promote the importance of valves in cleaning applications.

Competitive Insights

Key aerosol valves manufacturers include Lindal Group, Summit Packaging, Aptar Group and Majesty Packaging. In May 2015, Lindal Group announced the establishment of a new facility at Istanbul, Turkey for the production of actuators and valves. This development is expected to increase the market presence of Lindal Group in Eastern Europe along with the Middle East and Africa.

 

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