Market Research Reports : Transparency Market Research published new market report "Aerosol, SPF (Spray Polyurethane Foam) and Aerosol Propellants (CFC, Hydrocarbons, DME and Others) Market for Paints, Coatings, Medical and Household Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," which observes that the global aerosol propellants market was valued at USD 16.4 billion in 2012 is expected to reach USD 23.2 billion by 2019, growing at a CAGR of 5.1% from 2013 to 2019.
Browse the full report at http://www.transparencymarketresearch.com/aerosol-propellants-market.html
Increasing
consumer awareness towards personal health and hygiene and their growing demand
for different products are the major factors which are driving the global
market of aerosol. One of the major factors driving the demand for propellants
is the steady growth of the global aerosol market. However, various
environmental and health risks associated with the use of propellants in
aerosol products are expected to be a restraining factor for the market. The
aerosol propellants industry is dominated by hydrocarbons and development of
innovative, eco-friendly aerosol propellants are expected to offer major growth
opportunity for industry participants.
Key applications
industries for aerosol include paints and coatings, household products, and
medical to auto care, industrial sprays, food, and veterinary among the others.
Spray Polyurethane Foam (SPF) is one of the most predominantly used aerosols.
SPF is mainly used in paints and coatings industry. Strong demand from paints
and coatings industry is expected to trigger growth of SPF and overall aerosol
industry in the years to come.
Hydrocarbons
including propane, n-butane, and isobutane accounted for over 80% share of the
total aerosol propellants market volume in 2012 and are expected to grow at
CAGR of 4.5% from 2013 to 2019. Hydrocarbons, due to their lower cost and high
compatibility with all the other old and new propellants, are widely used in
aerosol products. In addition, they are on the "Generally Recognized as
Safe" (GRAS) list which is another factor expected to drive market growth.
With 7.7% share in total volume consumption in 2012, dimethyl ether (DME) was
the second largest segment of the aerosol propellants market. Chloro fluoro
carbons (CFCs) which accounted for 0.3% share in total volume consumption in
2012 are expected to witness decline in their market share in the years to
come. Due to stringent environmental regulations the use of CFC has been phased
out from all applications.
However a small volume of CFC is still in use as an
aerosol propellant and is being traded in the black market.
With over 37%
share in total volume consumption in 2012, Europe was the leading regional
market for aerosol propellants and is expected to grow at a CAGR of 4.0% from
2013 to 2019. North America was the second largest market for aerosol
propellants with 30.7% share in total volume consumption in 2012. Asia Pacific
is expected to be the fastest growing region over the next six years, due to
rising consumer income, increasing awareness, changing lifestyles and
increasing demand for aerosol products.
U.S. was the
largest aerosol propellants consuming country in 2012, followed by China and
Germany. The global aerosol propellants market was highly fragmented and
consists of a large number of small and medium scale manufacturers. In this
highly dynamic industry, distribution plays a very important role and is the
key to success. Lindal, Aeropres and Diversified CPC International are among
the major players in this market.
Aerosol Propellants Market:
Product Segment Analysis
- CFC
- Hydrocarbons (propane, n-butane and isobutane)
- Dimethyl ether (DME) and methyl ethyl ether
- Nitrous oxide and carbon dioxide
Aerosol Propellants Market:
Regional Analysis
- North America
- U.S.
- Europe
- Germany
- Asia Pacific
- China
- India
- Rest of the World (RoW)
- Brazil
Aerosol Market: Application
Analysis
- Paints and Coatings
- Medical
- Households
- Others
Aerosol Market: Regional
Analysis
- North America
- U.S.
- Europe
- Germany
- Asia Pacific
- China
- India
- Rest of the World (RoW)
- Brazil
Spray Polyurethane Foam Market:
Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (Middle East, Africa, Latin
America)
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