Hexa Research Inc. Industry Research,Custom Research & Consulting Aerosol Propellants Market Analysis, Market Size, Share, Regional Outlook, Industry Trends, Competitive Strategies And Segment Forecast, 2012 To 2020 Industry Overview Global aerosol propellants market size is expected to reach 12.5 million tons by 2020, growing at a CAGR of 4.6% from 2014 to 2020. Increasing personal care & cosmetic products demand such as shaving creams, deodorants and hairsprays is anticipated to drive aerosol propellants demand over the next six years. These products are gaining wide acceptance among the young population particularly in the emerging economies of Asia Pacific and Latin America. Furthermore, growing old age population has propelled use of aerosol in antiageing cosmetic products. Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/aerosolpropellants-market/ Hexa Research Inc. Industry Research,Custom Research & Consulting Introduction of new product formats, gender-specific products, and technological developments is expected to drive demand for personal care products. Increasing use of aerosol propellants in deodorants, styling mousses hair sprays and antiperspirants is expected to drive market growth. Aerosol is also used as spray paints in automobile and construction industry which is expected to drive demand. Global aerosol demand in 2013 was 14,611.8 million units and is expected to reach 18,040.5 million units, growing at a CAGR of 3.1% from 2014 to 2020. Increasing awareness for hygiene coupled with home furnishing market growth is expected to drive aerosol demand in household applications. Rising government spending for infrastructure improvement in China, India, and Brazil is expected to fuel aerosol paint demand in construction. Increasing automobile production in China, Mexico, Germany, Brazil, and Indonesia is expected to positively influence the market. These factors are expected to drive aerosol propellants market. The market is further expected to witness growth owing to the support from the U.S. EPA for hydrocarbon propellants as they have zero ozone depletion potential and less atmospheric residence time and, thus, do not contribute to global warming. Health and environmental issues associated with propellants use in aerosol products is expected to challenge industry participant’s growth. Investments in research for technological up-gradation to produce low VOC and eco-friendly products are expected to open new avenues for industry. Request A Sample copy of This Report @ http://www.hexaresearch.com/sample/285 Product Overview Hydrocarbons were the leading product segment with a market valuation exceeding USD 13 billion in 2013. Hydrocarbons were the largest product segment, accounting for 82.5% of global market share in 2013. Hydrocarbons including isobutene, propane, ethane and n-butane provide high stability, lower costs and less toxicity in comparison to other propellants which is expected to contribute towards its high market share over the past few years. DME & methyl ethyl ether accounted for more than 8% of the market share and is expected to witness significant growth rates with CAGR of over 5% up to 2020. This product is expected to grow owing to the numerous advantages including solvency and water miscibility making it useful in various products such as paint sprays and hairsprays. Hexa Research Inc. Industry Research,Custom Research & Consulting Nitrous oxide & carbon dioxide product is expected to exceed a market valuation of USD 2 billion by 2020 by witnessing above average growth rates. Increasing carbon dioxide & nitrous oxide demand to dispense dental creams, food products, ointments and hair preparations is likely to surge aerosol propellants market growth. Application Overview Personal care was the leading application for aerosol propellants market with valuation exceeding USD 6.5 billion in 2013. Rising health concerns and growing demand for hygienic products is expected to increase the importance of personal care products including infant care, skin care, deodorants, antiperspirants and hair care. Household application accounted for more than 32% of the market share in 2013 and is expected to grow is higher growth rates up to 2020. They are used in myriad household applications such as stain removers, pre-wash sprays, shoe polish, starch, water repellents for leather & fabric, cleaning agents in rugs, fabrics & household surfaces, furniture polishes & waxes, room disinfectants & fresheners, air fresheners & anti-static sprays. Browse All Bulk Chemicals Industry Research Related Reports @ http://www.hexaresearch.com/research-category/bulk-chemicals-industry/ Automotive & industrial applications accounted for more than 8% of the market share in 2013 and are likely to grow at higher CAGR of over 5% up to 2020. Aerosol propellants find use in formulation of adhesives & sealants, anti-fog agents, lubricants, and automotive cleaning agents. Increasing preference towards preventive maintenance in industrial and automotive applications owing to reduce production cost is expected to promote demand for adhesives & sealants and lubricants. Paint applications are expected to witness significant growth rates over the forecast period owing to increasing use of spray painting technology in automotive and construction sector. Regional Overview Europe was the leading regional market with revenues exceeding USD 6.8 billion in 2013. Robust manufacturing base of cosmetic products in Germany, France, Spain and UK is expected to increase the demand. Hexa Research Inc. Industry Research,Custom Research & Consulting North America was the second largest market and accounted for more than 25% of the share in 2013. Positive outlook on automobile industry in the U.S. and Mexico is expected to fuel aerosol propellants demand in the near future. Asia Pacific aerosol propellants market is likely to witness significant growth rates with an estimated CAGR of over 5.5% up to 2020. This region is expected see an increase in infrastructure spending coupled with growth in automobile production particularly in countries such as China, Indonesia, India and Thailand. Competitive Market Share Honeywell was the largest company in the aerosol propellants market share accounting for over 15% of the global market in 2013. In July 2012, Honeywell launched a new product range, Solstice Propellants, which is non-ozone-depleting, and has low GWP (global warming potential) and is non-flammable and find applications in personal care products. Browse Full Report @ http://www.hexaresearch.com/research-report/aerosol-propellants-market/ About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Information: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: [email protected] Website - http://www.hexaresearch.com/ Visit our Blogs: http://hexaresearchinc.blogspot.com/
Global aerosol propellants market size is expected to reach 12.5 million tons by 2020, growing at a CAGR of 4.6% from 2014 to 2020. Increasing personal care & cosmetic products demand such as shaving creams, deodorants and hair-sprays is anticipated to drive aerosol propellants demand over the next six years.
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