Aerosol Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Over the years the demand for personal care products has showcased substantial growth due to improving per capita income and changing lifestyles. Nowadays, people are getting more serious about their physical looks thereby consumption of products related to cosmetics or self-hygiene is increasing. For instance, the global personal care products market was stood at USD 236 billion in 2019 compared to USD 182 billion in 2012, demonstrating a CAGR of 3.8% between 2012 –2019. Aerosol is widely used in the personal care industry in a myriad of applications like deodorants, hairsprays, shaving mousse & gels, and hair mousse among others. Due to its ease to use and handling characteristics coupled with its ability to spread uniformly, the demand is increasing in the personal care industry.

According to UnivDatos Market Insights (UMI)’ research report “Global Aerosol Market”, the market is expected to showcase a growth of around 6% during the forecast period. Myriad of application areas and increasing demand for personal care & hygiene products are some of the key attributable factors to the growth of the market.

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Based on formulation, the market is segmented into water-based and solvent-based. Among both, water-based formulation is likely to showcase significant growth during the forecast period. This can be attributed to the increasing demand for environmentally friendly products. Further, globally, perception regarding solvent-based products is increasingly getting adverse as a consumer are becoming more aware of the harmful effects of volatile organic compounds (VOC). Increasing awareness coupled with stringent government regulation is supporting the market of water-based aerosols which have a lower VOC content.

In May 2021, Pintyplus, a Spain-based paint manufacturer, launched water-based aerosol paint under the brand Evolution. The product is the latest addition to an expanding range of aerosol paints and offers the adhesion, durability, and ease of application of the original solvent-based Evolution.

Based on application, the market is segmented into personal care, household, and others. Personal care captured the dominant position in the aerosol market. Personal care products like deodorants/antiperspirants, hairsprays, shaving mousse, and hair mousse are widely consumed across the globe and these products are mainly available in aerosol, thus boosting the demand for aerosol in the personal care sector. Further, growing consumer spending power increases the consumption of beautification products, thereby propelling the demand for aerosols.

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In December 2021, Beiersdorf AG has announced the launch of a new aerosol valve system for its new Nivea Ecodeo product line, a deodorant range. The new aerosol valve system is an Eco-Valve technology, developed by Salford Valve Company (Salvalco). Among its advantages is the use of more environmentally friendly inert gases, such as nitrogen, as a propellant in aerosols.

Europe accounted for a considerable share of the Aerosol market

Europe is among the largest consumer of aerosol, globally. The regional country like Germany, the UK, and France are among the leading producer and consumers of aerosol not only in the regional market but across the globe. High income and large industrial sector help the region to easily and fastly adopt the new products. Further, the presence of a large number of aerosol-producing companies in the regional market like Unilever PLC, L'Oréal S.A., Beiersdorf AG, and Akzo Nobel N.V., is increasingly offering new aerosol products in the market, thereby aiding in the growth of the market. For instance, in June 2020 Unilever PLC collaborated with Tubex GmbH, a Germany-based aerosol can manufacturer, to develop an eco-friendly antiperspirant, Rexona Recycled Refreshed.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global aerosol market include Henkel AG & Co. KGaA, Reckitt Benckiser Group PLC, S.C. Johnson & Son Inc., The Procter & Gamble Company, Unilever PLC, Akzo Nobel N.V., PPG Industries Inc., The Sherwin-Williams Company, L'Oréal S.A., and Beiersdorf AG. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

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“Global Aerosol Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1. By Material (Steel, Aluminum, and Others)
2. By Propellant (Liquefied Gas Propellant and Compressed Gas Propellant)
3. By Formulation (Water-Based and Solvent-Based)
4. By Application (Personal Care, Household, and Others)
5. By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)
6. By Company (Henkel AG & Co. KGaA, Reckitt Benckiser Group PLC, S.C. Johnson & Son Inc., The Procter & Gamble Company, Unilever PLC, Akzo Nobel N.V., PPG Industries Inc., The Sherwin-Williams Company, L'Oréal S.A., and Beiersdorf AG)

Key questions answered in the study:

1. What are the current and future trends of the global aerosol industry?
2. How the industry has been evolving in terms of material, propellant, formulation, and application?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global aerosol industry?
5. What are the customer orientation, purchase behavior, and expectations from the global aerosol suppliers across various region and countries?

Table of Content –

1. MARKET INTRODUCTION
2. RESEARCH METHODOLOGY OR ASSUMPTION
3. MARKET SYNOPSIS
4. EXECUTIVE SUMMARY
5. GLOBAL AEROSOL MARKET COVID-19 IMPACT
6. GLOBAL AEROSOL MARKET REVENUE (USD MN), 2019-2027F
7. MARKET INSIGHTS BY MATERIAL
8. MARKET INSIGHTS BY PROPELLANT
9. MARKET INSIGHTS BY FORMULATION
10. MARKET INSIGHTS BY APPLICATION
11. MARKET INSIGHTS BY REGION
12. AEROSOL MARKET DYNAMICS
13. AEROSOL MARKET OPPORTUNITIES
14. AEROSOL MARKET TRENDS
15. LEGAL & REGULATORY FRAMEWORK
16. DEMAND AND SUPPLY-SIDE ANALYSIS
17. VALUE CHAIN ANALYSIS
18. COMPETITIVE SCENARIO
19. COMPANY PROFILED
20. DISCLAIMER