Aerosol Propellant Market Analysis By Product (Hydrocarbons, Dimethyl Ether (DME) & Methyl Ethyl Ether, Nitrous Oxide And Carbon Dioxide), By Application (Personal Care, Household, Automotive & Industrial, Food, Paints, Medical) And Segment Forecasts, 2018 - 2025

Market size and trends

The global aerosol propellant market size was USD 7.26 billion in 2015 and is expected to witness significant growth over the next nine years on account of the development of superior propellant formulations with improved product dispensing capabilities. In addition, increasing technological developments leading to the production of advanced propellant combinations is expected to drive the demand for the product over the period forecasted.

The industry is expected to witness high growth on account of increased penetration of aerosol cans in application industries such as paints, automotive, medical, and food processing. The industry is characterized by the presence of a large number of manufacturers that rely heavily on the development of advanced products to increase the market share. The market is expected to grow on account of the development of the aforementioned advanced product formulations.

Global aerosol cans market volume, 2009 - 2015 (Million Units)

Increasing consumption of the metal aerosol cans due to the demand for health and hygiene related products such as insect repellants and air fresheners is expected to lead to an increased demand for aerosol propellants. Also, growing urbanization coupled with growing infrastructural development, primarily in UAE, India, and China is expected to drive the demand for such cans, leading to the growth of the aerosol propellant market.

The industry relies heavily on the availability of oil and gas products such as natural gas and petroleum as raw materials. High volatility in the price of the aforementioned raw materials coupled with the high demand for petroleum fuels is expected to increase the price of the propellants.

The market faces considerable challenges regarding the transportation of the propellants due to their high inflammability. Dimethyl ether is generally transported in ISO containers, that provides increased convenience in storage coupled with a reduction in the secondary transportation cost.

Product Insights

Dimethyl ether (DME) and Methyl ether are expected to exhibit a CAGR of over 6% from 2016 to 2025 on account of superior properties such as low global warming potential and no damage to the ozone layer. The demand for DME based blends is expected to increase the affinity of the can fillers towards the product due to superior performance and reduced costs.

The demand for aerosol propellant gasses such as nitrous oxide and carbon dioxide is expected to witness high growth on account of low environment damage coupled with higher stability. The amount of nitrous oxide used in the formulation is heavily regulated due to the adverse effects of the gas on human health.

Application Insights

The household segment is expected to account for a substantial demand on account of increased use of insect sprays and floor cleaners. Growing use of hydrocarbons such as pentane and iso-butane for household products is expected to bolster the demand.

Global aerosol propellant market, by application, 2014 - 2025 (Kilo Tons)

Rapid increase in the disposable income of the consumers coupled with a significant change in the lifestyles has increased demand for furniture, wall coverings and other household products, leading to a high demand for aerosol cleaners for the aforementioned products.

The automotive industry is expected to grow at a CAGR of over 5% from 2015 to 2025 of the global consumption. The product finds an increased use in the anti-fog agents, adhesives & sealants, automotive cleaning agents, and lubricants.

Increasing preference towards preventive maintenance in automotive and industrial applications on account of reducing the operation & maintenance cost is expected to bolster the demand for the aforementioned products. Growing application scope of aforementioned products in automotive, construction and manufacturing industries is expected to fuel aerosol propellants demand over the next nine years.

Regional Insights

The market in Asia Pacific is expected to exhibit the highest growth due to increase in the disposable income coupled with a rapid change in the consumer lifestyles. Increasing demand for the personal care products such as deodorants and hair styling sprays is likely to drive the demand for various aerosol propellant types. The industry is expected to register high growth on account of the availability of low-cost product formulations on account of decreased raw material cost coupled with the availability of significantly low-cost labor.

Germany aerosol propellant market revenue share, by product, 2015

The market in Germany accounted for the largest revenue share of over 28% of market revenue in Europe due to high demand for personal care products such as deodorants, spray-on cosmetics, and dry shampoos. The demand for household products such as cleaners, mosquito repellants, and furniture cleaners is expected to drive the industry growth.

Germany accounts for a high production and consumption of cars, leading to a high demand for automotive interior cleaners and spray paints. The introduction of bio-DME is expected to result in an increased demand for cans in the country. The demand for the product is likely to be influenced by high demand for automotive sprays and VOC-free paints.

Competitive Insights

The industry is characterized by the presence of large manufacturer such as Honeywell International Inc., Royal Dutch Shell Plc. The manufacturers are involved in the manufacture of advanced products to increase the revenues. Crown Holdings Inc., developed the EarthSafe Dispensing System which replaces hydrocarbons with compressed air as the propellant.

The product, developed with Ultramotive Corporation, a U.S. based packaging systems manufacturer allows for total aerosol product evacuation at consistent flow rates from beginning to the end. Other key players in the global industry include E.I. DuPont de Nemours and Company, BOC Industrial Gases, Harp International, Grillo-Werke GmbH, ExxonMobil, Unigas Europe, Aerosol Gas Ltd., and Covestro.

Aerosol Propellants Report Scope

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Market segments covered in the report

Grand View Research has segmented the aerosol propellant market by product, application, and region.

• Global Aerosol Propellants Product Outlook (Volume Kilo tons; Revenue, USD Million, 2014 - 2025)

  • Hydrocarbons

  • Dimethyl ether (DME)

  • Nitrous oxide and carbon dioxide

  • Others

• Global Aerosol Propellants Application Outlook (Volume Kilo tons; Revenue, USD Million, 2014 - 2025)

  • Personal Care

  • Household

  • Automotive & Industrial

  • Foods

  • Paints

  • Medical

  • Others

• Global Aerosol Propellants Regional Outlook (Volume Kilo tons; Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • China

    • India

  • Central & South America (CSA)

    • Brazil

  • Middle East & Africa