Aerosol Propellants Market Report and Forecast 2023-2028

According to the report the global aerosol propellants market reached a value of USD 8.9 billion in 2022. Aided by the surging demand for aerosolised products in several sectors and the increasing emphasis on technologically advanced propellant solutions, the market is projected to further grow at a CAGR of 5.4% between 2023 and 2028.

Aerosol propellants are vital components in aerosol products, facilitating the fine dispersal of product contents under pressure. They've become instrumental in a variety of sectors, including personal care, household, automotive, and industrial. The essence of an aerosol propellant lies not just in dispersing the product, but ensuring an even, controlled spread, which is paramount to its applications.

Personal care leads the charge in driving the global aerosol propellants market growth. With the cosmetics and beauty industry continuously evolving, products such as deodorants, hair sprays, and shaving foams have grown in popularity. The need for these products to offer a fine mist or a consistent foam places aerosol propellants at the centre of their design.

The household sector too has witnessed a robust demand for aerosol products. Cleaners, disinfectants, and air fresheners are now staples in most homes, primarily because of their ease of use, driven by the consistency ensured by aerosol propellants.

The automotive industry is a major contributor of the global aerosol propellants market expansion, owing to the heavy reliance on aerosolised products, from spray paints to lubricants. The demand for an even coat and efficient spread means that the choice of propellant is crucial. As vehicles become more sophisticated, so does the need for advanced aerosol solutions that ensure precision and durability.

Industrial applications have added another dimension to the demand for aerosol propellants. From protective coatings to adhesive sprays, industries require aerosol solutions that cater to specific needs, often governed by precision and consistency, thus increasing the aerosol propellants market size.

Sustainability concerns and environmental impacts play a critical role in shaping the future of aerosol propellants. Hydrocarbons, such as butane and propane, have traditionally been popular choices as propellants. Still, there's a definitive shift towards more environmentally friendly alternatives like hydrofluoroolefins (HFOs) and compressed air, especially with global regulations tightening around greenhouse gas emissions.

Market Segmentation

The market can be divided based on application, type, and region.

Market Breakup by Application

• Personal Care
• Food
• Household
• Paints and Coatings
• Medical
• Others

Market Breakup by Type

• Compressed gas propellants
• Liquefied gas propellants

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global aerosol propellants market. Some of the major players explored in the report are as follows:

• Honeywell International, Inc.
• Aeropres Corporation
• BOC Ltd
• AkzoNobel NV.
• Aveflor, AS
• DuPont de Nemours, Inc.
• Brothers Gas Bottling & Distribution Co. LLC
• Others

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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.