USD 82.04 billion
Aerosol Market Size, Share, Growth Analysis, By Propellant type(Liquefied gas propellants and Compressed gas propellants), By Valve type(Mechanical actuators and Non-mechanical actuators), By Application(Automotive, paints and coatings, food and beverage, healthcare), By Can Type(Steel, Aluminum, Plastic, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2158 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
116
|Figures:
80
Aerosol Market Insights
Global Aerosol Market size was valued at USD 82.04 billion in 2022 and is poised to grow from USD 87.62 billion in 2023 to USD 148.31 billion by 2031, at a CAGR of 6.8% during the forecast period (2024-2031).
The market study indicates the increasing demand for personal care products such as body creams, deodorants, sunscreens, and other cosmetics, which will help to boost the aerosol market. The presence of a strong product base of personal care corporations such as Estee Lauder, Johnson & Johnson, and Procter & Gamble is expected to support the market. Some products that use aerosol particles such as mineral dust and black carbon are deodorants, hair sprays, shaving foam, nebulizers, inhalers, and spray paints. Due to the increasing number of products in the market, the demand for these personal care items is constantly increasing.
Most consumers depend on the packaging because it helps them make decisions about what to buy on a regular basis. The market has expanded due to rising disposable income and increasing awareness about personal appearance and hygiene. So, increased demand in the pharmaceutical and personal care packaging industries is driving the global aerosol market. The advantage of using aerosol containers is to increase the demand for aerosols. The most important advantage of an aerosol bottle is its safety. These bottles are tightly closed, so the contents do not leak making them leak-proof. This packing is more practical if you live with a small child or pet. Because it is tamper-evident the product remains safe in the container. Aerosols are used in a variety of basic food and kitchen products, including whipped cream, frosting, chocolate, and coffee powder, as well as in the household and cosmetics industries. Many condiments, such as salad dressings, ketchup, and mustard, as well as cooking oils such as PAM, come in aerosol cans. However, increasing environmental and health impact of aerosols may hamper the growth of the market.
US Aerosol Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Liquefied gas propellants
Fastest Growth
Liquefied gas propellants
Growth Rate
6.8% CAGR
Global aerosol market, 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Aerosol Market Segmental Analysis
Global aerosol market is segmented on the basis of propellant type, valve type, application, can type, and region. On the basis of propellant type, global market is segmented into liquefied gas propellants and compressed gas propellants. On the basis of valve type, global Aerosol Market is segmented into mechanical actuators and non-mechanical actuators. By Application, the Aerosol Market is segmented into Automotive, paints and coatings, food and beverage, healthcare, and others, By Can Type, the Aerosol Market is segmented into Steel, Aluminum, Plastic, Others. On the basis of region, global Aerosol Market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Aerosol Market Analysis by Propellant Type
On the basis of propellant type, global aerosol market is segmented into liquefied gas propellants and compressed gas propellants. The liquefied gas propellants segment generated the highest revenue. Liquefied gas propellants are widely used in the consumer packaging goods (CPG) industry, including body deodorants, hair mousse sprays, moisturizers, insect killer sprays, and room fresheners. The liquefied gas propellant, commonly known as autogas, is a natural compound mixture of propane, butane, and n-butane. These hydrocarbon propellants are highly flammable. It also produces an odourless and non-toxic gas, which is used in the consumer goods packaging industry.
The compressed gas propellants segment accounted for a significant revenue share. Compressed gas propellants are expensive, and pressure sensitive in nature. Compressed gas propellants are used in a variety of applications including medicine, inhalers, anaesthetics preparations, and disinfectants. The space above the liquid in the aerosol tin is occupied by compacted gas fuels. The disadvantage of compressed gas propellants is that the gas volume remains constant during the first use, but the pressure gradually decreases, allowing most of the gas to escape from the aerosol container.
Aerosol Market Analysis by Valve Type
On the basis of valve type, global aerosol market is segmented into, mechanical actuators and non-mechanical actuators. Mechanical actuators have the highest revenue share in global market. Mechanical actuators are pump-type and easy to use for aerosol fluid product dispensers. This type of actuator is used in various aerosol-pressure metal, glass, and plastic containers. Mechanical actuators have an inlet to communicate with a discharge outlet through a passageway and a discharge cavity. The discharge cavity consists of a central post that supports a number of axial fins, each of which may be equipped with a stop shoulder. Mechanical actuators provide attractive designs for simplicity of usage.
The non-mechanical actuators segment is expected to grow at a significant CAGR during the forecast period. Non-mechanical actuators are more efficient and less expensive than mechanical actuators. Non-mechanical actuators are mainly used in agricultural aerosols. Nozzles with non-mechanical actuators can spray water and pesticides in atomized form. Due to its good performance, various end users still use this traditional process. Also, it does not require any type of pressure energy. Low cost and efficiency benefits are driving the growth of this segment.
Global aerosol market size by propellant type, 2022 (%)
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Aerosol Market Regional Insights
On the basis of region, global aerosol market is divided into North America, Europe, Asia Pacific, Latin America, and MEA. Asia-Pacific dominated the global market. An increase in demand for deodorants and hair care products drives the market growth. Due to changing lifestyles, focus on gender-specific products, and increased consumer spending, the market for personal care products has grown strongly in developing countries. Demand for pharmaceutical products from consumers is increasing, which is driving revenue growth in this sector. Due to rising incomes and changing consumer preferences, the market for consumer household goods in Asia is changing, increasing the demand for products made from aerosol cans. Asthma, chronic obstructive pulmonary disease, and other obstructive airway diseases are just a few of the obstructive airway diseases that are becoming common, which significantly impacts the rapid use of compressed aerosol propellants.
Europe is anticipated to grow at a significant CAGR during the forecast period. The rapidly expanding use of aerosol spray propellants in the cosmetics, skincare, and fragrance industries is fuelling the growth of global aerosol market in this region. Liquid aerosol-compressed body sprays and lotions are used by well-known cosmetics brands such as Avene and Caudalie Paris. The increase in the living standards of people and their preference to use more cosmetics and skin care products are driving the growth of the market. The skincare industry is growing due to the increase in skin problems.
North America is expected to grow at a significant CAGR during the forecast period. Technological advancements in the packaging sector are driving growth in this region. Sales of personal care products are increasing, and demographic changes are opening up new opportunities for the aerosol industry. Also, growing consumer demand for innovative pharmaceutical aerosol products such as metered dose inhalers and dry powder inhalers drives the growth in the market during the forecast period.
Global aerosol market size by geography, 2022-2030
- Largest
- Fastest
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Aerosol Market Dynamics
Aerosol Market Driver
Increasing demand in personal care packaging and pharmaceutical industries
- Packaging is a key component in the daily life of most consumers as it helps in the purchasing decision of consumers. Many consumer packaged goods (CPG) companies are adopting sustainable aerosol-based packaging for reuse and recycling. According to a study, aerosol cans for personal care products are 100% infinitely recyclable. So, some major personal care product manufacturers, including Procter & Gamble, Unilever, and L’Oreal, are repurposing and recycling aerosol-based glass, metal, or plastic containers to improve durability and reduce costs. Aerosol packaging provides an airtight solution, reducing the risk of breakage, leakage, and spillage. The CPG industry is creating opportunities in the aerosol market by offering several sustainable and cost-effective benefits. Also, pharmaceutical aerosols are widely used in the treatment of obstructive airway diseases such as asthma, chronic obstructive pulmonary disease, and tuberculosis. Aerosols are also used in dentistry for dental drills and air tooth polishing. Additionally, the increasing incidence of asthma and oral diseases is increasing the demand for compressed aerosol propellants.
Aerosol Market Restraint
Availability of alternatives and risks related to product recalls
- Aerosol cans are more expensive than their traditional packaging alternatives. Additional production costs affect the cost of final products. Manufacturers are turning to alternatives such as bag-in-bottle container solutions for continuous spraying that do not require any type of aerosol propellant. These sprayers have a variety of environmental benefits including performance, efficiency, and exceptional value. Because they don't need to be disposed of, refillable spray bottles are less expensive than aerosol cans. This also makes them more environmentally friendly.
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Aerosol Market Competitive Landscape
Global aerosol market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global aerosol market.
Aerosol Market Top Player's Company Profiles
- Procter & Gamble
- Unilever
- Reckitt Benckiser
- Henkel AG & Co. KGaA
- SC Johnson & Son
- L'Oreal SA
- The Clorox Company
- S. C. Johnson & Son
- Thymes, LLC
- The Sherwin-Williams Company
- Honeywell International Inc.
- Akzo Nobel N.V.
- Rust-Oleum Corporation
- The Sherwin-Williams Company
- Ball Corporation
- Crown Holdings Inc.
- Nippon Paint Holdings Co. Ltd.
- Kansai Paint Co. Ltd.
- 3M Company
- The Valspar Corporation
Aerosol Market Recent Development
- In March 2024, Starbar® Products introduced the Aviator™ Fly Bait Aerosol to the market.
- In January 2024, Recipharm, a contract development and manufacturing organization (CDMO), entered into an exclusive license and collaboration agreement with Medspray and Resyca. The collaboration aims to develop soft mist nasal delivery devices for single and combination drug products.
- In July 2023, Viatris Inc. (NASDAQ: VTRS), a global healthcare company, in partnership with Kindeva Drug Delivery L.P., announced the release of Breyna™ (budesonide and formoterol fumarate dihydrate) Inhalation Aerosol. This marks the first generic version of AstraZeneca's Symbicort® to receive approval from the U.S. Food and Drug Administration (FDA) under an Abbreviated New Drug Application (ANDA). Breyna, a drug-device combination product, is intended for certain patients with asthma or chronic obstructive pulmonary disease (COPD). It will be available immediately in both 80 mcg/4.5 mcg and 160 mcg/4.5 mcg dosage strengths.
Aerosol Key Market Trends
- The key trend in the aerosol market is the shift in consumer preference for organic or herbal aerosol cosmetic and personal care products. Aerosols are popular in personal care products such as cosmetics setting sprays and shave sprays. These products contain high amounts of chemicals that can potentially injure the skin and cause skin problems such as rashes, acne, and pimples. This has led consumers to look for products made from herbal and natural flower extracts along with essential oils, which provide the medicinal potential to treat skin related problems and improve natural beauty.
Aerosol Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global aerosol market analysis, Asia Pacific is the fastest growing region in global market. An increase in demand for deodorants and hair care products drives the market growth. Due to changing lifestyles, focus on gender-specific products, and increased consumer spending, the market for personal care products has grown strongly in developing countries. Increasing demand of aerosol in personal care packaging and pharmaceutical industries driving the growth of global aerosol market. However, increasing the environmental and health impact of aerosols may hamper the growth of the aerosol market. The shift in consumer preference for organic or herbal aerosol cosmetic and personal care products is a key trend in global market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 82.04 billion |
| Market size value in 2031 | USD 148.31 billion |
| Growth Rate | 6.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Aerosol Market Recent Development
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aerosol Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aerosol Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aerosol Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aerosol Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aerosol Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aerosol Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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