[FURL=https://www.industryarc.com/Research/Aerosol-Propellant-Market-Research-500333?utm_source=briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Aerosol Propellant Market[/FURL] size is forecast to reach $11 billion by 2026, after growing at a CAGR of 5.4% during 2021-2026, owing to the increasing usage of aerosol propellants in various end-use industries such as automotive, medical, personal care, and more. An aerosol propellant is a chemical with a vapor pressure greater than atmospheric pressure at 40°C (105°F). Chlorofluorocarbons (CFCs), compressed gas, hydrochlorofluorocarbons (HCFCs), and hydrocarbons are mostly used as aerosol propellants. These aerosol propellants have various advantages including portable, long-lasting, compact, and these properties are expected to increase the market demand. The rapid growth of the personal care industry has increased the demand for aerosol spray or gas duster; thereby, fueling the market growth.Key Takeaways
Asia-Pacific dominates the aerosol propellant market, owing to the increasing personal care and cosmetic products industry in the region. The key factor for the increasing personal care and cosmetic industry in the region is the increasing per capita income coupled with the increasing population.
Hydrocarbons such as propane, isobutene, ethane, and butane are either used as mixtures or combined with other gases to achieve the required vapor pressure, flammability, and density levels.
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Aerosol Propellant Market Segment Analysis – By Geography
Europe region held the largest share in the aerosol propellant market in 2020 up to 30%, owing to the increasing demand for aerosol propellants such as chlorofluorocarbons (CFCs), compressed gas, hydrochlorofluorocarbons (HCFCs), and hydrocarbons from the personal care & cosmetic product industries in the region. The European cosmetics and personal care market, worth EUR 79.8 billion at retail sales prices in 2019, is the largest in the world, according to Cosmetics Europe. Within Europe, Germany (EUR 14 billion), France (EUR 11.4 billion), the UK (EUR 10.7 billion), Italy (EUR 10.5 billion), Spain (EUR 7.1 billion), and Poland (EUR 4.1 billion) are the biggest national markets for cosmetics and personal care products.
Aerosol Propellant Market Drivers
Increasing Automotive Production
Increasing Prevalence of Chronic Obstructive Pulmonary Disease (COPD)
Aerosol propellant market top 10 companies are Aveflor, DuPont, Honeywell, Aeropres Corporation, SRF Ltd., Lapolla Industries Inc., AkzoNobel, Bayer MaterialScience AG, Emirates Gas, Financial Overview, K-G Packaging, National Gas Company SAOG, Aerosol Service GmbH, Aztec Aerosols Ltd., Aero-Spray AB, Eugenio Santos Envasados Y Servicios SL, IGS Aerosols GmbH, and Aerosan AG.
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