Global Aerosol Market Expected to Reach US$ 85,121.7 Million by 2024
Published | 30 October 2018
The increasing disposable income of consumers has also given rise to a change in priorities for household items. Noticeable changes in consumer preferences have also given rise to the use of new aerosol based products replacing legacy alternatives. This includes spray cleaners, shiners, and aromatic aerosols. In addition, regular new launches of products under this category have attracted huge customers which are expected to continue driving this market in near future.
According to a new market report published by BlueWeave Consulting, The Global Aerosol Market was valued at US$ 55,287.6 Mn in 2017 and is expected to expand at a CAGR of 6.7% from 2018 to 2024, reaching US$ 85,121.7 Mn by the end of the forecast period. According to the report, Europe was the largest contributor in terms of revenue to the aerosol market in 2017.
Increasing Disposable Income and Rising Standard of Living is driving the global aerosol market
Increase in standard of living across the globe, particularly faster in the developing economies, along with rapid rise in purchasing power is one of the prime factors driving the growth of this market with good figures. Personal care has been observed as the forerunner in the global market due to escalation of consumer towards personal hygiene and appearance towards others. Past decade has witnessed a rise and introduction of personal care products, especially in the grooming, and skin care category. Along with this, deodorants and other body sprays, including hair spray and toners have given rise to the design and development of new category products.
Aerosol Market: Scope of the Report
The Global Aerosol market is segmented on the basis of material, and application. On the basis of material, the market is segmented into Metal, Glass, and Plastic. Metal was the largest segment in the global aerosol market in 2017 and is estimated to witness the highest growth during 2018-2024. On the application basis, the market is segmented into Personal care, Household, Automotive & Industrial, Paints Coating & Adhesives, Food & Beverages, Healthcare, and Others. Personal care accounted for the largest segment in the global aerosol market in 2017.
On the basis of region, the market is segmented into five parts namely North America, Europe, Asia Pacific, Middle-East & Africa, and Latin America. Europe was the largest region in the global aerosol market in 2017 and it is estimated to grow over a CAGR of 6.7% during 2018-2024.
Aerosol Market: Competitive Dynamics
Companies, such as Reckitt Benckiser Group Plc., Proctor & Gamble Company, SC Johnson & Son Inc., Akzo Nobel N.V., Unilever N.V., and Coster Tecnologie Speciali S.p.A.are the key players in manufacturing aerosol. In terms of product offerings, Reckitt Benckiser Group Plc. and Proctor & Gamble Company are the major players in the market, providing various products of aerosol. Most of the major vendors in the global aerosol market is actively focused on enhancing their offerings to meet the ongoing demand.
Market Segmentation: Global Aerosol Market
· Personal Care
· Automotive & Industrial
· Paints Coating & Adhesives
· Food & Beverages
In addition, the report provides analysis of the Aerosol market with respect to the following geographic segments:
· Rest of Europe
Asia Pacific (APAC)
· Rest of Asia Pacific
· Rest of Latin America
· Saudi Africa
· Rest of Middle-East
BlueWeave Consulting is a one-stop solution for market intelligence regarding various products and services online & offline. We offer worldwide market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. Our primary forte lies in publishing more than 100 research reports annually. We have a seasoned team of analysts working only for various sub-domains like Chemical and Materials, Information Technology, Telecommunication, Medical Devices/Equipment, Healthcare, Automotive and many more. BlueWeave has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients for years. We are one of the leading digital market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining._text
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