Global Aerosol Propellants Market - 2022-2029

Market Overview

Aerosol propellants market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of 7.2% during the forecast period (2022-2029).

When the pressure is released, an aerosol propellant, a gas under pressure in a can or other container, sprays out the contents inside. Liquid gases and naturally occurring hydrocarbons like propane and butane are the most favored propellants. Dimethyl ether (DME), hydrofluorocarbon (HFC) and hydrofluoro-olefin are other forms of aerosol propellants (HFO). Government and environmental organizations are increasingly actively monitoring the use of fuels since some propellants, such as CFC, HCFC and HFC, threaten the ozone layer.

The EPA-Environmental Protection Agency, FDA-Food and Drug Administration, DOT-Department of Transportation and other governmental organizations have established severe VOC (volatile organic compound) rules that aerosol propellants must adhere to. Aerosol propellants use compressed or liquefied gas to power active ingredients in paste, powder and liquid forms in brief spray patterns with controlled droplet volumes and quantities. They are used to produce antiperspirants, shaving creams, hair mousse, air fresheners, automotive products, industrial goods and technical goods.

Market Dynamics

The market demand is anticipated to rise due to aerosol propellants' portable, long-lasting and compact qualities. The demand for aerosol spray and gas dusters has increased due to the personal care industry's explosive growth, driving the market's expansion. Additionally, the expansion of the aerosol propellant business is anticipated to be hampered during the projected period by the strict regulations around the world.

The growing demand for personal care products across the world

The market is expanding due to the rising demand for personal care goods such as air fresheners, shaving creams, hair shampoos and conditioners. People are becoming more motivated to purchase these personal care goods as they become more conscious of personal cleanliness and appearance. Nowadays, advertisements for hygiene or personal care products discuss the negative effects of not utilizing them before actually exhibiting them, making people aware of the need to purchase them.

Due to rising personal hygiene awareness and the availability of items on e-commerce platforms, the personal care market is growing. Even social media impacts how consumers buy personal hygiene goods, influencing consumer purchase patterns.

The rising awareness for the use of eco-friendly aerosols propellants

Numerous manufacturing businesses and governments have been forced to create more environmentally friendly products to meet the growing demand for care items that use aerosol propellants while also reducing the negative consequences of the existing aerosol propellants. Different fuels are hazardous to humans; some have even been linked to ozone layer disturbance. For instance, in U.S., increasingly strict VOC rules have forced the industry to switch out liquid propellants for pure compressed gas or nitrogen. The project has several benefits.

Nitrogen aerosols are produced at a low cost, do not destroy the ozone layer and carry an inertness that prevents them from reacting with other compounds and impacting human health or the environment. Because of this, many goods, including shampoos, hard surface cleaners, shaving creams, air fresheners and many more, include nitrogen aerosols. The market for aerosol propellants will undoubtedly grow during the forecast period if more of these environmentally friendly propellants are developed.

Stringent government regulations

Most of North America and Europe have banned the usage of CFC and HFC, limiting market expansion. Hydrocarbon propellants have a lower atmospheric residence period and no potential to deplete the ozone layer. As a result, the demand is being hampered by several health and environmental issues related to the usage of propellants in aerosol goods.

The expansion of the aerosol propellants industry is anticipated to be constrained by the European Commission's VOC Solvents Emissions Directive 1999/13/EC regulating VOC emission. Additionally, over the anticipated years, the European Union's Regulation (EC) 1005/2009, which aims to restrict the use of ozone-depleting compounds, is anticipated to restrain the growth of the aerosol propellants market.

COVID-19 Impact Analysis

The COVID-19 pandemic has substantially influenced several industries, notably the market for aerosol propellants. During the pandemic, the demand for propellants has increased due to the increasing demand for aerosol-based goods like deodorants, hair sprays and foam-based goods, including spray-based sanitizers. Many cosmetic businesses introduced innovative hand sanitizers in the year 2020. For instance, in April 2020, Starco Brands commercialized a spray-based hand sanitizer technology with a 75 percent alcohol solution under its consumer brand Breathe.

The item is a clean, continuous spray sanitizer with an aerosol base that runs on compressed air and is mostly made of a nitrogen propellant. In May 2020, Beiersdorf, a well-known skin care product producer like Nivea, invested in the Salford Valve Company. Salford Valve Company also introduced the Eco-Valve aerosol valve and a variety of sustainable and eco-friendly propellants. These advancements have contributed to the aerosol propellants' market expansion throughout the epidemic.

Segment Analysis

By application, the aerosol propellants market is segmented into personal care, household, automotive & industrial, medical and others.

The growing demand for cosmetic products

The personal care sector holds the biggest market share in the overall aerosol propellant industry. The market will develop due to rising demand for products like deodorants, skincare, antiperspirants, baby care and hair care. The sector has dominated the global market, especially in developing nations, due to shifting lifestyles and increased consumer spending on personal care items. Younger people are beginning to use personal care products, while the number of senior consumers is decreasing.

Due to its use in deodorants for distributing the deodorant liquid from the container aerosol for its use on the body surface, personal care products with aerosols produce micro-size droplets that quickly settle on covering a vast area with a quick hit of aroma. The ingredient is also utilized in hair care products like hair mousse and spray because it can force the active ingredient out of the container in the correct form, like foam. Manufacturers of personal care products are increasingly requesting hydrocarbon as aerosol propellants, which should boost the market's revenue.

Geographical Analysis

The huge manufacturing base of cosmetic products in Europe

Europe is predicted to be the leading region since countries with developed economies like UK, Germany, Spain and France have a strong manufacturing base for cosmetics. Europe dominates the worldwide market for home furnishings, which is anticipated to have a beneficial effect on growth. Additionally, it is anticipated that the availability and volatility of raw material prices, such as those for methanol & natural gas, will impact the cost of aerosol propellants. Due to the rising use of deodorants and antiperspirants due to economic success and rising disposable income, Europe is one of the regions with the quickest growth rates.

The aging population in the area and rising demand for hair care products are anticipated to drive market expansion. Additionally, it is anticipated that R&D that results in novel shaving cream and gel formulations will have a favorable market impact. Along with U.S., the European cosmetics and personal care business are expected to be worth US$ 81.18 billion at a retail sales price in 2021.

Germany (US$ 13.80 billion), France (US$ 12.18 billion), Italy (US$ 10.76 billion), UK (US$ 10.05 billion), Spain (US$ 7.0 billion) and Poland (US$ 4.06 billion) are the top five European countries with the largest national markets for cosmetics and personal care goods. Increased use of makeup by women between the ages of 18 and 25 is predicted to raise demand for cosmetics in countries like Germany, Italy, France, Spain and UK, which will encourage the use of aerosols in personal care products and drive up the price of aerosol propellants.

Competitive Landscape

The market for aerosol propellants is extremely competitive and fragmented. Manufacturers are coming up with fresh ideas to attract more clients from all around the world. In the upcoming years, businesses are anticipated to concentrate on potential Aerosol Propellant growth markets. For businesses to be noticed in the emerging markets for aerosol propellants, they must grow their presence and develop efficient distribution strategies.

At its Flourine Products Baton Rouge production site in Louisiana, Honeywell, for instance, started full-scale commercial production of a low-GWP substance for use as an aerosol propellant, insulating agent and refrigerant.

AkzoNobel has announced that three new production lines will be added to its powder coating facility in Changzhou, China, in July 2019. The proposed new adjustments will require an investment of about US$ 3.04 million, which will help increase the facility's current production capacity.

Major global aerosol propellants market companies include Royal Dutch Shell Plc, Arkema Group, National Gas Company SAOG, Akzo Nobel N.V., Aveflor A.S, Honeywell International Incorporation, Grillo Werke AG, Aeropres Corporation, BOC Industrial Gases UK and Emirates Gas LLC.

Arkema Group

Overview: Located in Colombes, close to Paris, France, Arkema S.A. is a company that specializes in advanced materials and specialized chemicals. Specialty chemicals and cutting-edge materials are the focus of Arkema SA (Arkema). The business provides solutions for adhesives, biobased materials, coatings, composites, health care and sporting goods. The business operates in Asia, U.S., Europe, Canada and Mexico. The headquarters of Arkema is in Colombes, France.

Product Portfolio: Technical polymers, filtration & adsorption organic peroxides, thiochemicals, fluorogases, hydrogen peroxide, acrylics, coating resins, photo cure resins, rheology additives and other products are among the company's offerings. The company's products include agriculture, air conditioning, automotive, chemicals, coating, consumer goods, electrical, oil, health, packaging, plastics, pulp, rubber, sports and water treatment.

Under the trade name Forane®, The Arkema Group is a leading producer of fluorinated chemicals, including refrigerants and blowing agents. Appliances and building projects use Forane® blowing agents for insulation.

Key Development: The completion of an agreement with Chinese manufacturer Aofan to produce 1233zd in China was announced by Arkema in July 2021. At the same time, Arkema will quicken the development process for more capacity at its U.S. location in Calvert City. Both initiatives will help the market's growing demand for sustainable solutions in both new applications like batteries for electric vehicle batteries and high-efficiency insulating materials.

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• Visualize the composition of the aerosol propellants market segmentation by type, application and region, highlighting the critical commercial assets and players.
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The global aerosol propellants market report would provide access to an approx. 53 market data table, 43 figures and 210 pages.

Target Audience 2022

• Aerosol Propellants Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Emerging Companies
• Aerosol Propellants Manufacturers