The global aerosol actuators market is expected to reach USD 1.46 million by 2025, growing at a CAGR of 5.3%, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth owing to increasing consumption for personal care products by the consumers due to increasing usage of self-grooming products.
Growing use of aerosol actuators in inhalers, medicated lotion dispensers, nasal sprays, throat and other pharmaceutical products driven by ease of application is expected to boost the aerosol actuators market over the forecast period. Technological advancements in the actuators design aimed at enhancing product appeal and ease of operation, have led to an increase in the demand for the product.
The companies in the industry source low cost raw materials from the manufacturers in China. Key players in the market are involved in the production of customized and standard actuators, that are supplied through dedicated distribution network connecting with major aerosol manufacturers and fillers.
Europe accounted for a high market share of over 38.0% in 2016 owing to high consumption of personal care products such as deodorants and hairsprays coupled with high standard of living in the region. Rising market maturity is expected to result in a limited growth of the product thereby losing its market share to Asia Pacific.
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Further key findings from the report suggest:
Dosage actuators segment is expected to be the largest product segment for medical application, growing at a rate of CAGR 4.5% by volume from 2017 to 2025. Increasing adoption of the product for inhalers and sprays is expected to drive the demand over the forecast period.
Automotive & industrial application segment is expected to grow from USD 93.5 million in 2016 to USD 165.4 million owing to increasing use of aerosol paints & cleaners for aforementioned application. The demand will be influenced by the effective use of paints and lubricants using actuators.
Middle East & Africa is expected to exhibit highest growth, growing at a CAGR of 6.7%, by volume from 2017 to 2025, owing increasing manufacturing base coupled with high adoption rate of aerosol products in this region.
Key market participants include Aptar Group, Mitani Valve Co. Ltd, Lindal Group, Coster Group and Summit Packaging Systems Inc. with the companies focusing on low cost, new technology and customized products to gain market share
Grand View Research has segmented the aerosol actuators market on the basis of application and region:
Aerosol Actuators Application Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
Automotive & Industrial
Aerosol Actuators Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
Middle East & Africa
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