The rapid industrialization in developing countries, such as Indonesia, China, Thailand, Brazil, and India, has increased the consumption of aerosol in the manufacturing sector. The expansion of this sector is attributed to the huge investments and sudden shift of manufacturing base, owing to the easy availability of raw materials and cost-effective labor, in these emerging economies. The household, personal care, medical, automotive, industrial, food, and paints and coatings sectors in these countries utilize aerosol in high amount in the production of numerous products.
Moreover, increasing shift toward herbal or organic aerosol products will fuel the market for aerosol at 6.4% CAGR during 2020–2030. The market size is expected to rise from $81.1 billion in 2019 to $149.7 billion by 2030. Manufacturers of personal care and cosmetic products are utilizing organic aerosol instead of chemicals to reduce harmful effects on the skin. The harmful chemicals can lead to skin disorders like blemishes, acne, and rashes. Owing to these problems, customers are switching to items that are prepared from natural and herbal floral extracts, blended with essential oils.
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Presently, the highest revenue for the companies in the aerosol market is generated by the personal care category, under segmentation by end use. The demand for hair setting sprays, deodorants, and make-up setting sprays is continuously rising with people’s growing purchasing power, thereby driving the consumption of aerosols.
Europe has been the largest aerosol market till now, on account of the rising demand for personal care products, especially those used for skincare purposes. Other sectors of the continent where the requirement for aerosolized products is high include automotive, industrial, and household. The fastest growth in the market in the years to come is expected in Asia-Pacific, as a result of the surging sales of shampoos, conditioners, liquid soaps, shower gels, antiperspirants, deodorants, and men’s grooming products.
Key Findings of Global Aerosol Market Report
• Personal care sector largest end user of aerosols
• Organic aerosols rapidly gaining popularity
• Demand for dimethyl ether (DME) product type increasing quickly
• APAC most-lucrative market for aerosol product manufacturers
• Existence of numerous players makes market fragmented
• Companies unveiling new and improved products for higher sales
Read More: https://www.psmarketresearch.com/market-analysis/aerosol-market
