Global Aerosol Propellant Market By Propellant Type (Liquefied Gas, Compressed Gas) By Product Type (Hydrocarbons, DME and Methyl Ethyl Ether, Nitrous Oxide and Carbon Dioxide), By Application (Automotive and Industrial, Personal Care, Paints And Coatings, Medical), By Geographic Scope and Forecast
Report ID: 25404|No. of Pages: 202
Global Aerosol Propellant Market By Propellant Type (Liquefied Gas, Compressed Gas) By Product Type (Hydrocarbons, DME and Methyl Ethyl Ether, Nitrous Oxide and Carbon Dioxide), By Application (Automotive and Industrial, Personal Care, Paints And Coatings, Medical), By Geographic Scope and Forecast
Aerosol Propellant Market Size And Forecast
Aerosol Propellant Market size was valued at USD 9.7 Billion in 2024 and is projected to reach USD 14.77 Billion by 2031, growing at a CAGR of 5.40% from 2024 to 2031.
- Aerosol propellants are substances that create pressure within an aerosol can to eject its contents, usually in the form of gases or liquefied gases.
- They are commonly used in personal care items (e.g. deodorants), household cleansers, vehicle sprays, and medical inhalers.
- The future of aerosol propellants will entail a trend towards ecologically benign alternatives as well as technological developments to suit stronger environmental requirements and altering consumer tastes.
Global Aerosol Propellant Market Dynamics
The key market dynamics that are shaping the global aerosol propellant market include:
Key Market Drivers:
- Increasing Demand for Personal Care Goods: The increased consumer interest in personal grooming and hygiene goods pushes up demand for aerosol propellants. For example, in August 2024, Procter & Gamble reported a 12% growth in sales of aerosol-based personal care products, demonstrating increased customer demand for such things.
- Regulatory Support for Sustainable Solutions: Government policies promoting environmentally friendly behavior encourage the adoption of low-impact propellants. The European Union proposed new restrictions in July 2024 to minimize VOC emissions, which are expected to promote research and adoption of sustainable propellants in the industry.
- Growth in Emerging Markets: Rapid industrialization and urbanisation in emerging economies drive up demand for aerosol goods. For example, in September 2024, Indian company Aerosol Dynamics announced a large increase in production capacity to meet rising demand in the Asia Pacific area, demonstrating the region’s huge market potential.
- Technological advancements: Technological advancements such as the creation of more efficient and safe propellants, are driving market expansion. In June 2024, GreenTech Industries revealed a new range of improved propellants that meet impending environmental regulations, demonstrating the market impact of scientific advancement.
Key Challenges:
- Regulatory Compliance: Navigating the complicated and changing regulatory landscape is a substantial challenge. Stringent environmental laws on volatile organic compounds (VOCs) and greenhouse gases force firms to constantly adjust their formulas and processes, resulting in higher expenses for compliance and innovation.
- Environmental Impact: Despite developments in eco-friendly propellants, the aerosol business is nevertheless criticized for its environmental impact. Concerns regarding the disposal of aerosol cans and the long-term impact of propellants on the atmosphere force businesses to strike a compromise between performance and sustainability.
- Raw Material Costs and Supply Chain Disruptions: Price and availability fluctuations in raw materials such as hydrocarbons and propellant gases can have an impact on production costs and supply chain reliability. These interruptions have the potential to increase manufacturing costs and create market shortages.
- Consumer Preferences and Market Trends: Rapid changes in consumer preferences and market trends can be difficult to manage. The demand for creative and environmentally friendly products necessitates that businesses spend in R&D while adjusting to changing consumer behaviors and tastes, which may be both resource-intensive and dangerous.
Key Trends:
- Shift to Environmentally Friendly Propellants: To reduce environmental effect and meet with tightening rules on volatile organic compounds (VOCs), eco-friendly propellants such as Dimethyl Ether (DME) and carbon dioxide are becoming increasingly popular. This transition is being driven by increased environmental awareness and government legislation aimed at lowering greenhouse gas emissions and pollution.
- Technological Advances: Innovations in propellant technology are resulting in more efficient and safer propellants. Advances include improved propellant stability and performance, as well as the incorporation of new formulas that improve product efficacy and user safety while adhering to environmental regulations.
- Rising Demand in Emerging Markets: The aerosol propellant market is rapidly expanding in emerging markets, particularly in Asia Pacific. This expansion is being driven by rising urbanisation, rising disposable incomes, and developing industries such as personal care, automotive, and household goods in these regions.
- Regulatory Changes and Compliance: The sector is responding to changing regulatory landscapes, including stiffer limits on the use of traditional propellants and increased pressure to embrace sustainable practices. Governments throughout the world are enacting legislation to limit the use of hazardous chemicals and promote the use of low-impact alternatives, influencing the future of aerosol propellant formulations and market dynamics.
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Global Aerosol Propellant Market Regional Analysis
Here is a more detailed regional analysis of the global aerosol propellant market:
North America:
- North America continues to dominate the worldwide aerosol propellant market, owing to its well-established industrial infrastructure and strong consumer demand. The United States and Canada have significant markets for personal care items, automobile goods, and industrial uses that rely largely on aerosol propellants. The region benefits from major investments in innovation and technology, as well as a solid legislative framework that encourages both traditional and environmentally friendly propellant options.
- Furthermore, recent developments highlight North America’s leadership position. For instance, in July 2024, the United States Environmental Protection Agency (EPA) announced new regulations targeted at decreasing volatile organic compounds (VOCs) in aerosol products, which are projected to increase the use of sophisticated, low-impact propellants. Furthermore, significant businesses like as GreenTech Industries have been actively expanding their operations in the United States, demonstrating the region’s vital role in the aerosol propellant market and its continued growth trajectory.
Asia Pacific:
- The Asia Pacific area is the fastest-growing aerosol propellants market, owing to rapid industrialization, urbanisation, and increased consumer demand. Countries like as China and India are seeing considerable expansion in industries like personal care, automotive, and paints and coatings, all of which rely significantly on aerosol propellants. The region’s growing Middle class and rising disposable incomes are driving demand for a diverse spectrum of aerosol goods, from beauty and grooming to domestic and industrial applications.
- In August 2024, China’s Ministry of Ecology and Environment issued new recommendations targeted at increasing the usage of environmentally friendly propellants and lowering air pollution from aerosol goods. Furthermore, in September 2024, Indian company Aerosol Dynamics increased its manufacturing facilities in India to suit rising demand in the region, cementing Asia Pacific’s position as a dynamic and rapidly developing market in the aerosol propellant sector.
Aerosol Propellant Market: Segmentation Analysis
The Global Aerosol Propellant Market is segmented on the basis of Propellant Type, Product Type, Application, and Geography.
Aerosol Propellant Market, By Propellant Type
- Liquefied Gas
- Compressed Gas
Based on Propellant Type, the Global Aerosol Propellant Market is segmented into Liquefied Gas, Compressed Gas. The dominant segment is Liquefied Gas. This category holds the largest market share due to its widespread use in various applications, including personal care and household products. The Compressed Gas segment is the fastest-growing segment. This growth is driven by increasing demand for sustainable and eco-friendly alternatives, as well as advancements in technology that improve the efficiency and safety of compressed gases in aerosol applications.
Aerosol Propellant Market, By Product Type
- Hydrocarbons
- DME And Methyl Ethyl Ether
- Nitrous Oxide
- Carbon Dioxide
Based on Product Type, the Global Aerosol Propellant Market is segmented into Hydrocarbons, DME And Methyl Ethyl Ether, Nitrous Oxide And Carbon Dioxide. Hydrocarbons are the dominant segment. They are widely used across various industries due to their cost-effectiveness and broad application range, which solidifies their leading position in the market. The DME (Dimethyl Ether) and Methyl Ethyl Ether segment is the fastest-growing. This is attributed to their environmental benefits and regulatory support, as they offer a more sustainable alternative compared to traditional propellants, driving their rapid adoption and growth.
Aerosol Propellant Market, By Application
- Automotive and Industrial
- Personal Care
- Paints And Coatings
- Medical
Based on Application, the Global Aerosol Propellant Market is segmented into Automotive and Industrial, Personal Care, Paints and Coatings, Medical. the Personal Care segment is the dominant category. This is due to the high demand for aerosol products such as deodorants, hair sprays, and shaving creams, which use propellants extensively. The Medical segment is the fastest-growing. This growth is driven by increased usage of aerosol-based inhalers and medical sprays, alongside advancements in healthcare technology and a rising focus on respiratory care.
Aerosol Propellant Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on the Geography, the Global Aerosol Propellant Market are classified into North America, Europe, Asia Pacific, Rest of the World. North America is the dominant region, owing to its advanced industrial infrastructure and widespread use of precision measurement technologies across industries. The Asia Pacific region is the fastest growing, thanks to rapid industrialization, expanding manufacturing capabilities, and rising investments in technology and infrastructure in emerging economies such as China and India.
Key Players
The “Global Aerosol Propellant Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Royal Dutch Shell, Brothers Gas, The Chemours Company, Harp International Ltd, Nouryon, Mitsubishi Gas Chemical Company Inc, AVEFLOR, DuPont de Nemours Inc, Honeywell International Inc., Aeropres Corporation, BOC Limited, Emirates Gas, National Gas Company SAOG.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Global Aerosol Propellant Market: Recent Developments
- In July 2024, Aerosol Innovations Corp. has introduced a new, ecologically friendly propellant blend that aims to reduce greenhouse gas emissions by 30%. This introduction is consistent with tightening worldwide environmental standards and is projected to acquire a sizable market share.
- In June 2024, GreenTech Industries bought Aerosol Dynamics, expanding its range of sustainable aerosol solutions. The acquisition will enable GreenTech to incorporate Aerosol Dynamics’ sophisticated technologies into its own product lines, increasing its market reach.
- In August 2024, Propelair Ltd. Has announced a considerable increase in manufacturing capacity at its new location in Germany. This expansion seeks to address the growing demand for environmentally friendly aerosol propellants while also reducing lead times for their clients in the automotive and personal care sectors.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Royal Dutch Shell, Brothers Gas, The Chemours Company, Harp International Ltd, Nouryon, Mitsubishi Gas Chemical Company Inc, AVEFLOR, DuPont de Nemours Inc, Honeywell International Inc., Aeropres Corporation, BOC Limited, Emirates Gas, National Gas Company SAOG. |
| SEGMENTS COVERED | By Propellant Type, By Product Type, By Application and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL AEROSOL PROPELLANT MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
3.5 Market attractiveness
4 GLOBAL AEROSOL PROPELLANT MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL AEROSOL PROPELLANT MARKET, BY PROPELLANT TYPE
5.1 Overview
5.2 Liquefied Gas
5.3 Compressed Gas
6 GLOBAL AEROSOL PROPELLANT MARKET, BY PRODUCT TYPE
6.1 Overview
6.2 Hydrocarbons
6.3 Nitrous Oxide and Carbon Dioxide
6.4 DME and Methyl Ethyl Ether
6.5 Others
7 GLOBAL AEROSOL PROPELLANT MARKET, BY APPLICATION
7.1 Overview
7.2 Automotive and Industrial
7.3 Foods
7.4 Households
7.5 Personal Care
7.6 Paints and Coatings
7.7 Medical
7.8 Others
8 GLOBAL AEROSOL PROPELLANT MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL AEROSOL PROPELLANT MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
9.4 ACE Matrix
10 COMPANY PROFILES
10.1 DuPont de Nemours Inc.
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Honeywell International Inc.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Mitsubishi Gas Chemical Company, Inc.
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Harp International Ltd
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Royal Dutch Shell
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Brothers Gas
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 The Chemours Company
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Nouryon
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 AVEFLOR
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Aeropres Corporation
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 KEY DEVELOPMENTS
11.1 Product Launches/Developments
11.2 Mergers and Acquisitions
11.3 Business Expansions
11.4 Partnerships and Collaborations
12 Appendix
12.1 Related Research
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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