aerosol market

Aerosol Market Share, Size, Trends, Industry Analysis Report, By Can Type (Steel, Aluminum, Plastic, Others); By Type (Bag-In-Valve, Standard); By Application; By Region; Segment Forecast, 2022 - 2030

  • Published Date: Jul 2022
  • Pages: 111
  • Format: PDF
  • Report ID: PM1173
  • Base Year: 2021
  • Historical Data: 2018-2020

Report Summary

The global aerosol market was valued at USD 73.87 billion in 2021 and is expected to grow at a CAGR of 6.7% during the forecast period. It is commonly utilized in the personal care business in a variety of products such as deodorants, hairsprays, shaving mousse & gels, and hair mousse, to name a few.

Aerosol Market Size
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The personal care business is seeing an increase in supply due to its simplicity of use and handling features, as well as its ability to distribute uniformly. A wide range of application areas and rising demand for personal care and hygiene products are two significant contributors to the market's growth.

It is a finely split system of liquid particles distributed consistently through gas pressure. Mineral powder and carbon black aerosol particles are used in a wide range of products, including deodorants, hair sprays, shaving foams, nebulizers, inhalers, and spray paints, and are driving market revenue growth. The development of environmentally friendly aerosol metal cans or PET-based packaging is likely to expand the market's growth opportunities.

Colloidal systems comprising solid or liquid particles suspended in a gas are known as aerosols. They're used in a variety of industries, including personal care, home, automotive and industrial, food, paints, and medicine. Its ease of use and attractive design has attracted a variety of end-use industries to aerosol-based product packaging. The demand for aerosol in paints and home items is predicted to rise as a result of rapid urbanization and infrastructure advancements in Asia Pacific's growing nations.

The COVID-19 pandemic had tangled worldwide supply chains, and demand for personal care items had been hampered. The market has detected a substantial demand gap in critical consumer items since the epidemic. The economic recession has also had a negative influence on the supply of raw materials and other indirect goods. Pharmaceutical aerosol, on the other hand, had a crucial part in COVID-19.

Patients with Coronavirus disease have risen dramatically as a result of the virus's extensive distribution. As a result, a huge number of patients have been moved to mechanical ventilation for a longer period. Their medicine delivery technologies have been extensively employed to give helpful treatment for Coronavirus-infected patients and to reduce the symptoms of respiratory disorders during mechanical ventilation.

Industry Dynamics

Growth Drivers
Consumer preference for organic or herbal aerosol cosmetics and personal care products is a popular trend in the market. Personal care items, such as cosmetics setting sprays and shave sprays, have a significant need for the market. These products include a high concentration of chemicals that can hurt the skin and cause problems including rashes, acne, and blemishes.

As a result, customers are turning to products made from herbal and natural floral extracts combined with essential oils, which have medicinal capabilities that can help alleviate skin problems while also enhancing natural attractiveness.

Consumers' disposable income and per capita spending have increased dramatically, benefiting the personal care industry, which has resulted in a high-volume demand for aerosol goods. Manufacturers in the business are extending their product lines to fulfill this demand.

Various growing economies have seen a surge in investment, with major multinational corporations focusing on relocating their manufacturing operations to these countries. As a result of the increased need for lubricating and greasing applications, the consumption of aerosols is projected to rise as industrial activity rises.

Report Segmentation

The market is primarily segmented based on can type, application, type, and region.

By Can Type

By Application

By Type

By Region

  • Steel
  • Aluminum
  • Plastic
  • Others
  • Personal Care
    • Deodorants
    • Hair Mousse
    • Hair Spray
    • Shaving Mousse/Foam
    • Suncare
    • Others
  • Household
    • Insecticides
    • Plant Protection
    • Air Fresheners
    • Furniture & Wax Polishes
    • Disinfectants
    • Surface care
    • Others
  • Automotive & Industrial
    • Greases
    • Lubricants
    • Spray Oils
    • Cleaners
  • Food
    • Oils
    • Whipped Cream
    • Edible Mousse
    • Sprayable Flavours
  • Paints & Coatings
    • Industrial
    • Consumer
  • Medical
    • Inhaler
    • Topical Application
  • Others
  • Bag-In-Valve
  • Standard
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Automotive application is expected to witness the fastest growth

Cleaners, lubricant cans, ignition sealers, and other aerosol products are used in the automotive sector. Such cleaners are used in vehicles to clean the brake, fuel injector, battery terminal, electric motor, and electrical systems. The production of goods like spray paints and automobile cleaning chemicals is increasing as customer awareness of vehicle appearances and management.

Furthermore, rising environmental concerns and ongoing research and development in the market have resulted in the emergence of new automotive markets for electric, fuel cell, and hybrid vehicles. Also, rising vehicle sales are having a favorable impact on the consumption of other products like adhesive tapes, anti-fog agents, and lubrication.

Personal Care accounted for the highest market share in 2021

Personal care goods such as deodorants/antiperspirants, hairsprays, grooming mousse, and hair mousse are widely used around the world, and these products are mostly supplied in aerosol, driving up demand for the market in the personal care industry. Furthermore, as consumer buying power rises, so does the desire for beauty items, increasing the market demand for aerosols.

The major players in the market are taking initiatives that are assisting the segmental growth. For instance, in December 2021, Beiersdorf AG launched the introduction of a new aerosol valve system because of its new Nivea Ecodeo deodorant product category. Salford Valve Company invented the new aerosol valve system, which is an Eco-Valve technology. The need for more environmentally benign inert gases, including nitrogen, as propulsion in aerosols is one of its benefits.

Aluminum is expected to hold the significant revenue share

Aluminum is a biodegradable material that may be recycled several times. Furthermore, it provides durable packaging that considerably improves the product's aesthetic appeal. These factors have a significant impact on the segment's growth. Aluminum prices have been steadily rising around the world in recent years.

Increasing aluminum prices are causing final aerosol costs to soar even more. Because of PET plastic's low weight, low cost, and great recyclability, it has been in high market demand over the past few years. However, a rigorous prohibition on plastic packaging, particularly in Europe, is projected to stifle this segment's growth.

The demand in Europe is expected to witness significant growth

Europe is one of the world's largest consumers of aerosol. Not only in the area market but also globally, regional countries like Germany, the United Kingdom, and France are among the biggest producers and consumers of aerosol.

They are also produced in large quantities in this location. The personal care industry accounts for the majority of its revenue. High cosmetics consumption, quick growth in the fragrance business, and rising consumer spending are all contributing to the regional market's expansion. The region's high wealth and huge industrial sector enable it to quickly and easily accept new items.

Despite rising demand from the personal care business, the European market's expansion is hampered by the European Commission's and Environmental Protection Agency's (EPA) limits on volatile organic compounds (VOC) emissions. The growing market demand for dry powder respiration inhalers and inhalation, particularly in North America, can be attributed to the medical segment's expansion. As a result of increased pollution, the number of asthma patients has increased, which is expected to drive demand for these inhalers over the forecast period.

The Asia Pacific will be one of the fastest-growing areas. The consumption of aerosol in the personal care, automotive, and paints sectors is increasing as consumer spending in growing Asian economies rises. Owing to excessive spending on shampoos and conditioners in countries like Saudi Arabia and the United Arab Emirates, the Middle East and Africa are expected to increase significantly over the projection period. In addition, the development of supermarkets in the UAE, Saudi Arabia, and Kuwait has guaranteed consumer device retail distribution.

Competitive Insight

Some of the major players operating in the global market include Akzo Nobel N.V., Arkema Group, BALL CORPORATION, Crown, Colep UK Ltd, Crabtree & Evelyn, Emirates Gas LLC, Grillo-Werke AG, Henkel AG & Co. KGaA, Honeywell International Inc., Impress Group BV, Linde LLC, Procter & Gamble, PPG Industries, Inc., Royal Dutch Shell p.l.c., Reckitt Benckiser Group Plc., S. C. Johnson & Son, Inc., The Chemours Company, Thymes, LLC, Unilever LLC, and Valspar Inc.

Recent Developments

In March 2021,  Pintyplus, a paint producer based in Spain, introduced Evolution, a water-based aerosol paint. The new aerosol paint offers the same adherence, durability, and easy installation as the conventional solvent-based Evolution.

Aerosol Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 73.87 billion

Revenue forecast in 2030

USD 131.35 billion

CAGR

6.7% from 2022 - 2030

Base year

2021

Historical data

2018 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2022 to 2030

Segments covered

By Can Type, By Application, By Type, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Akzo Nobel N.V., Arkema Group, BALL CORPORATION, Crown, Colep UK Ltd, Crabtree & Evelyn, Emirates Gas LLC, Grillo-Werke AG, Henkel AG & Co. KGaA, Honeywell International Inc., Impress Group BV, Linde LLC, Procter & Gamble, PPG Industries, Inc., Royal Dutch Shell p.l.c., Reckitt Benckiser Group Plc., S. C. Johnson & Son, Inc., The Chemours Company, Thymes, LLC, Unilever LLC, and Valspar Inc

Key Take-Away
Polaris Market Research
Global Aerosol Market Size Report, 2022 - 2030