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(Transportation-News.com, October 17, 2019 ) Market Overview:
Aerosol propellants utilizes compressed or liquefied gas to fuel the active constituents in paste form, powder form and liquid form in short spray patterns along with regulated droplet volumes and amounts. They are used in producing antiperspirants, shaving creams, hair mousse, air fresheners, automobiles products, industrial items and technical items.
Growing skincare industry in emerging economies is also impelling the demand for aerosol propellants. Moreover, increasing demand for fragrances due to rise in the spending power of consumers is fueling the growth in the market.
Market Dynamics:
The Aerosol Propellants market is primarily driven by advancement in technology and technical innovations, which has created environment friendly, lower prices and lower VOC items. In addition to this, rise in old age population has driven the utilization of aerosol in anti-ageing cosmetics that have further added to growing demand for aerosol propellants.
However, EPA has imposed conditional restrictions on the manufacturing and usage of various aerosol propellants including hydrochlorofluorocarbon (HCF), Dimethyl Ether (DME) due to their adverse effect on health and environment. This is expected to hinder the Aerosol Propellants market growth during the forecast period.
Market Segmentation:
By application, the Aerosol Propellants Market is segmented into Personal Care, Household, Automotive & Industrial, Medical, and Others. In 2018, Personal care segment holds the biggest market share in the Aerosol Propellant Market.
By type, the Aerosol Propellants Market is segmented into compressed gas propellants (Carbon dioxide, Nitrous oxide, and Nitrogen) and Liquefied gas propellants (Hydrocarbons, Fluorocarbons, and Ethers). Among all aerosol propellant, hydrocarbons propellants, such as propane, isobutene and n-butane have low cost, less toxicity and high stability; therefore, these propellants caters wide range of applications in various industries.
Geographical Analysis:
By geography, the Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
In 2018, Europe accounted for the majority share in the Aerosol Propellants Market. Major contributors to the regional market are U.K, France, and Germany. However, the region is anticipated to witness a moderate growth during the forecast period due to sluggish growth of end users and economic slowdown.
South America and APAC regions are estimated to register a significant CAGR owing to reviving economy and high growth potential of India, China and Brazil. APAC is the fastest growing market among them, owing to the presence of dynamic and emerging economies in the region such as India, Japan, China, Singapore and South Korea.
Competitive Analysis:
The major players include Royal Dutch Shell Plc, Arkema Group, National Gas Company SAOG, Akzo Nobel N.V., and Aveflor A.S. Other prominent players in the market are Honeywell, Grillo Werke AG, Aeropres Corporation, BOC Industrial Gases UK, and Emirates Gas LLC.
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Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
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