Market Research Report
Aerosol Propellants Market Size, Share & Trends Analysis Report By Product (Hydrocarbon, DME, CFC), By Application (Households, Personal Care, Medical, Automotive), And Segment Forecasts, 2019 - 2025
|Published by||Grand View Research, Inc.||Product code||906547|
|Published||Content info||150 Pages
Delivery time: 2-3 business days
|Aerosol Propellants Market Size, Share & Trends Analysis Report By Product (Hydrocarbon, DME, CFC), By Application (Households, Personal Care, Medical, Automotive), And Segment Forecasts, 2019 - 2025|
|Published: June 11, 2019||Content info: 150 Pages||
The global aerosol propellant market size is expected to reach USD 11.04 billion by 2025, as per a new report by Grand View Research Inc. It is anticipated to expand at a CAGR of 5.2% during the forecast period. Rising demand for aerosol products, such as hair sprays, antiperspirants, room fresheners, and deodorants is expected to fuel the growth. In addition, increasing application in cosmetics is predicted to fuel the product demand.
Europe led the market in the previous years and is expected to grow considerably in near future due to the presence of robust cosmetics manufacturing base in France, Germany, Spain, and U.K. Nonetheless, restricted use of CFC, HCFC, and HFC is expected to limit the demand for aerosol propellants over the forecast period.
North America emerged as the second largest market and is expected to grow significantly in future due to high demand from automobile industry in Mexico and U.S. Asia Pacific leads the market owing to growth of automotive and construction industry. Increasing demand for personal care products from millennials is anticipated to have a positive impact on the market growth.
The factors such as growing home furnishing sector due to rising urbanization, demand for furniture from Middle Eastern countries, and adoption in cleaning application are anticipated to fuel the product demand. Moreover, introduction of advanced products across various application industries is expected to drive the market growth.