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With the growth of the cosmetic & personal care products sector, the Aerosol Market will further rise over the forecast period.
HYDERABAD, TELANGANA, INDIA, September 22, 2022 /EINPresswire.com / -- IndustryARC, in its latest report, predicts that The Aerosol Market size is forecast to reach US$105.6 billion by 2027, after growing at a CAGR of 3.1% during the forecast period 2022-2027. A suspension of liquid droplets and fine solid particles in the air or other gases is known as an aerosol. Aerosols are either natural or anthropogenic. The convenience of use of aerosol has been attracting various end-use industries such as household, automotive, industrial, food & beverages, medical & healthcare and other sectors, towards aerosol-based product packaging. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
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This IndustryARC report on the Aerosol Market highlights the following areas -
1. The Asia-Pacific region dominates the Aerosol Market size owing to the rising growth in the food & beverages industry. For instance, in February 2022, TH Group commenced the development of the Thai Binh food processing factory in the northern province of Thai Binh's Quynh Ph? district in Vietnam. The overall cost of the project reached up to VND 620 billion (approx. US$ 27 million) and aims at producing fresh, clean and completely natural food products.
Rapidly rising demand for aerosol in the food & beverage industry for cleaning, glazing, sanitizing and portioning applications has driven the growth of the aerosol market.
2. The increasing demand for aerosol in the personal care sector, due to its usage in deodorants and hair care products, has been a critical factor driving the growth of the aerosol market in the upcoming years.
3. However, the rising environmental and health effects of aerosols can hinder the growth of the aerosol industry.
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1. The aluminum can segment held a significant portion of the Aerosol Market share in 2021 and is estimated to grow at a CAGR of 2.9% during the forecast period 2022-2027. Aluminum cans provide longer-duration food quality preservation benefits and protection against light, moisture, oxygen and other contaminants. These cans do not rust and corrode and offer extended shelf life as compared to any other packaging such as plastic and steel packaging.
2. Asia-Pacific region dominated the Aerosol Market share with 39% in the year 2021, owing to the increasing demand for personal care products, agricultural insecticides, increasing investments in the medical and healthcare industry and rising automotive production in the region.
3. The automotive industry held a significant portion of the Aerosol Market share in 2021 and is estimated to grow at a CAGR of 3.4% during the forecast period 2022-2027. Aerosol is utilized in various applications in the automotive industry such as in the form of cleaners, ignition sealers, lubricant cans and others.
The top 5 players in the Aerosol industry are -
1. Proctor & Gamble
2. Reckitt Benckiser
4. Honeywell International Inc.
5. SC Johnson & Son Inc.
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