Aerosol propellants market size to exceed USD 27 billion by 2022.

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Aerosol propellants market size to exceed USD 27
billion by 2022.
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Global Market Scenario Aerosol Propellants Market

• Aerosol propellants market size is anticipated to
  be valued at USD 27.6 billion by 2022, as per a
  new research report by Global Market Insights,
  Inc. Increasing demand for household personal
  care products such as deodorant, shaving cream,
  hair spray and dry shampoo among young consumers
  is anticipated to drive demand.
• Increasing anti-ageing products demand among
  ageing populations is also likely support aerosol
  propellants market growth 
• Increase in automobile production coupled with
  rise in infrastructure spending in countries such
  as India, China and Indonesia is likely to have a
  positive influence on demand in spray paints.
• U.S. EPA supports use of hydrocarbon based
  aerosol propellants as it has no VOC content
  contributing towards global warming.

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Continue.....

• Hydrocarbon based propellants such as n-butane,
  isobutane and propane occupied a major chunk of
  the market by accounting over 82 of the aerosol
  propellants market share in 2014.
• These hydrocarbons are comparatively less toxic
  and are cheaper when compared to their
  counterparts. Dimethyl ether (DME) methyl ethyl
  ether were the second largest products and are
  likely to witness highest growth rates of over 5
  up to 2022.
• Global aerosol propellants market size was
  estimated at 9.53 million tons in 2014 and may
  register 13.73 million tons by 2022 growing with
  an estimated CAGR of 4.7 from 2015 to 2022.
• Personal care applications were the dominant and
  occupied a market share of 37.6 in 2014 in terms
  of volume. Increasing use in manufacturing
  products such as antiperspirants, hair care, skin
  care and infant care is likely to drive demand
  for personal care applications. Food applications
  are likely to witness highest gains with an
  estimated CAGR of 5.2 up to 2022.

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Europe aerosol propellants market size, by
product, 2012-2022 (Kilo tons)
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360 Analysis
Application Analysis Hydrocarbons such as
propane, butane and isobutene were the leading
products to be consumed with revenue generation
exceeding USD 14.5 billion in 2014. These
hydrocarbons are accompanied with advantages such
as low cost, low toxicity and high stability.
Hydrocarbon propellants contributed above 82 of
the total demand in 2014 with and are likely to
witness stable growth rate up to 2022. Regional
Analysis Personal care aerosol propellants
market witnessed highest demand with revenue
generation estimated at over USD 7 billion in
2014. Growing application scope in personal care
hygiene products such as skin care, infant
care, hair care, antiperspirants and deodorants
are likely to increase the demand.  Competitive
Market Share Europe was the dominant region and
generated revenues worth over USD 3.5 billion in
2014. Presence of numerous manufacturing
industries for cosmetic products in countries
such as UK, Germany, Spain and France is likely
to drive demand in Europe. 

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/industry-analysis/aerosol-propellants-market
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