Aerosol Valves Global Market Report 2024

Aerosol valves are devices employed in aerosol containers to regulate the release of the contained product. These valves typically comprise a housing or body, a stem or actuator, a gasket or sealing mechanism, and a dip tube.

The primary product types of aerosol valves are metered and continuous. Metered aerosol valves dispense a predetermined amount of product with each actuation, ensuring consistent and controlled dispensing. Various materials, including steel, aluminum, and others, are utilized in the manufacturing of these valves. Aerosol valves find applications in various industries such as medical, personal care, household, automotive and industrial, foods, paints, and others.

The aerosol valves market research report is one of a series of new reports from The Business Research Company that provides aerosol valves market statistics, including aerosol valves industry global market size, regional shares, competitors with an aerosol valves market share, detailed aerosol valves market segments, market trends, and opportunities, and any further data you may need to thrive in the aerosol valves industry. This aerosol valve market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aerosol valves market size has grown strongly in recent years. It will grow from $1.95 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historical period can be attributed to several factors, including the convenience and user-friendly nature of aerosol packaging, the expansion of the personal care industry, increased usage in medical and pharmaceutical products, and consumer preferences for spray products. These elements collectively contributed to the increased adoption and demand for aerosol valves, driven by the versatility and applicability of aerosol containers in various sectors during the historical period.

The aerosol valves market size is expected to see strong growth in the next few years. It will grow to $2.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period can be attributed to various factors, including a shift towards sustainable packaging practices, increased opportunities for customization and branding, the expansion of pharmaceutical inhalers, growing demand for homecare and cleaning products, the globalization of cosmetic and personal care brands, and the rise of e-commerce and online retail. Key trends expected in the forecast period encompass the development of low-impact propellants for environmental sustainability, innovation in valve designs for improved functionality, the implementation of digital printing on aerosol cans for enhanced aesthetics, and technological advancements in valve design to meet evolving industry needs.

The escalating consumer demand for personal care products is projected to act as a significant driver for the expansion of the aerosol valve market in the foreseeable future. Personal care products encompass a diverse range of items utilized for maintaining personal hygiene, enhancing appearance, and promoting overall well-being. Aerosol valves play a crucial role in these products, facilitating controlled and efficient dispensing, ensuring precise application, user convenience, and prolonged product shelf life. According to data from Cosmetics Europe in 2023, an estimated 500 million consumers utilize personal care products daily to support their health and well-being, contributing significantly, amounting to around USD 31.23 billion (€29 billion) annually to the European economy. Consequently, the growing demand for personal care goods emerges as a driving force behind the aerosol valve market.

The burgeoning demand within the automotive industry is anticipated to serve as a propeller for the expansion of the aerosol valve market moving forward. The automotive sector encompasses various activities related to the design, manufacturing, marketing, and distribution of motor vehicles. Aerosol valves offer numerous advantages within this industry, including precise dispensing, convenience, waste reduction, and enhanced safety, making them a valuable packaging and application solution for a wide array of automotive products. Statistics from the European Automobile Manufacturers Association in May 2023 indicate a notable surge in global motor vehicle production, reaching 85.4 million units in 2022, marking a substantial 5.7% increase from the previous year. Additionally, data from Brand Finance plc in February 2022 highlights a significant 10% rise in automobile sector sales, reaching approximately 78 million units in 2022. Hence, the escalating demand within the automotive sector emerges as a pivotal factor fueling the growth trajectory of the aerosol valve market.

Innovation within the aerosol valves sphere stands as a prominent trend gaining traction in the market. Leading companies in the aerosol valve industry are heavily invested in driving innovative advancements in valve technology to maintain their competitive edge. An exemplar instance occurred in October 2022 when Plastipak, a US-based plastic fabrication company, introduced the SprayPET Revolution-an all-polymer aerosol solution. This groundbreaking product represents a 100% polymer aerosol with valves that are entirely recyclable. Leveraging novel polymers other than PET, boasting a molecular density of less than 1g/cm3, the valve facilitates streamlined processing during recycling, seamlessly integrating with PET containers.

Prominent entities in the aerosol valves market are prioritizing the development of cutting-edge products, particularly focusing on radically innovative actuators to bolster market revenues. These actuators harness revolutionary storm technology, offering enhanced performance, cost efficiency, and sustainability. In January 2023, Precision Inc., a US-based high-tech magnetics manufacturing company, unveiled two such groundbreaking actuators-the smart 35 and stylish 52. These technological marvels eliminate the need for inserts while upholding exceptional spray quality, setting them apart within the market. Their unconventional designs, remarkable lightness, and absence of an overcap are defining features. Weighing in at merely 2.0g and lacking an overcap, the smart 35 actuator stands as the lightest cup-fitting all-in-one actuator available currently. On the other hand, the stylish 52 actuator outshines rivals, offering substantially lighter attributes along with higher top load resistance-a testament to its superior design and performance.

In June 2023, Wolf Group OU, an Estonia-based manufacturer specializing in insulating polyurethane foams, joint sealants, adhesives, surface treatments, and concrete additives, successfully acquired Libace OU for an undisclosed amount. This strategic move enables Wolf Group to enhance its presence in the technical aerosols business, particularly in the US and the EU markets. The acquisition focuses on providing aerosols equipped with improved valves, ensuring longer shelf life and enhanced usability. This strategic acquisition aligns with Wolf Group's overarching objectives and reinforces its position in the aerosol products sector. Libace OU is based in Estonia and specializes in the manufacturing and packaging of aerosol products.

Major companies operating in the aerosol valves market report are Procter & Gamble Co, Honeywell International Inc., Henkel AG & Co. KGaA, Estee Lauder Inc., Akzo Nobel N.V, Beiersdorf AG, Aroma Industries, Aptar Group Inc., Maruichi Co. Ltd., Kendrion (Mishawaka) LLC, Weener Plastics Group, Bespak PLC, Coster Group, Seaquist Perfect Dispensing Ltd., Seung-il Corporation, Summit Packaging Systems Inc., IGS Aerosols GmbH, DS Containers Inc., LINDAL Group Holding GmbH, Clayton Corporation, Packaging Concepts Associates LLC, Shanghai Metal Corporation, Pacific Bridge Packaging Inc., Precision Valve Corporation, Salvalco, Mitani Valve Co Ltd., LINDAL Group Holding GmbH, Newman-Green Inc., KOH-I-NOOR Mlada Vozice a.s., EC Pack Industrial Limited.

Europe was the largest region in the aerosol valves market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aerosol valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the aerosol valves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The aerosol valves market consists of sales of valve adapters, mounting components, repair kits, button actuators, spray caps, and valve covers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Aerosol Valves Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on aerosol valves market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for aerosol valves ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aerosol valves market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product Type: Metered; Continued
• 2) By Material: Steel; Aluminum; Other Materials
• 3) By Application: Medical; Personal Care; Household; Automotive And Industrial; Foods; Paints; Other Application
• Companies Mentioned: Procter & Gamble Co; Honeywell International Inc.; Henkel AG & Co. KGaA; Estee Lauder Inc.; Akzo Nobel N.V
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.