The global aerosol propellant market revenue is expected to expand at a lucrative CAGR over the forecast period. The aerosol propellant market is expected to witness high growth on account of increased penetration of aerosol in application industries such as medical, paints, automotive, and food processing. Increasing technological developments leading to the innovation of advanced propellant combinations is anticipated to drive the demand for aerosol propellant over the forecast period.
The global aerosol propellant market report has been segmented on the basis of product type, application, and region.
On the basis of application, the global aerosol propellant market has been segmented into automotive, personal care, food & beverages, medical, household, and others (paint & varnishes and electronics). Automotive application segment expected to account major revenue share in the global aerosol propellant market. The aerosol propellants find its application in adhesives & sealants, anti-fog agents, automotive cleaning agents, and lubricants.
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On the basis of region, the global aerosol propellant market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacifica is estimated to account for major revenue share in the global aerosol propellant market. Rising demand for the personal care products such as hair styling sprays and deodorants is expected to drive aerosol propellant market. Availability of raw materials at low prices in the region is estimated to fuel market growth in the region.
Key players operating in the global aerosol propellant market include E.I. du Pont de Nemours and Company, AkzoNobel N.V., Honeywell International Inc., Royal Dutch Shell Plc., BOC Industrial Gases, Shanghai Cal Custom Manufacturing & Aerosol ropellants Co., Ltd., Harp International Ltd., Aerosol Service GmbH, Aztec Aerosols Ltd., and Brothers Gas Bottling and Distribution Co. LLC.