Global Aerosol Market Share by Manufacturers, Application 2019 Aerosol Market | Page 2

BlueWeaveConsulting
According to a new market report published by BlueWeave Consulting, the global
Aerosol Market was valued at US$ 55,287.6 Mn in 2017 and is expected to expand
at a CAGR of 6.7% from 2018 to 2024, reaching US$ 85,121.7 Mn by the end of the
forecast period. According to the report, Europe was the largest contributor in
terms of revenue to the aerosol market in 2017.
Increasing Disposable Income and Rising Standard of Living is driving the global
aerosol market
Increase in standard of living across the globe, particularly faster in the developing
economies, along with rapid rise in purchasing power is one of the prime factors driving the
growth of this market with good figures. Personal care has been observed as the forerunner
in the global market due to escalation of consumer towards personal hygiene and
appearance towards others. Past decade has witnessed a rise and introduction of personal
care products, especially in the grooming, and skin care category. Along with this,
deodorants and other body sprays, including hair spray and toners have given rise to the
design and development of new category products.
Aerosol Market: Scope of the Report
The Global Aerosol market is segmented on the basis of material, and application. On the
basis of material, the market is segmented into Metal, Glass, and Plastic. Metal was the
largest segment in the global aerosol market in 2017 and is estimated to witness the
highest growth during 2018-2024. On the application basis, the market is segmented into
Personal care, Household, Automotive & Industrial, Paints Coating & Adhesives, Food &
Beverages, Healthcare, and Others. Personal care accounted for the largest segment in the
global aerosol market in 2017.
On the basis of region, the market is segmented into five parts namely North America,
Europe, Asia Pacific, Middle-East & Africa, and Latin America. Europe was the largest region
in the global aerosol market in 2017 and it is estimated to grow over a CAGR of 6.7%
during 2018-2024.
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Aerosol Market: Competitive Dynamics
Companies, such as Reckitt Benckiser Group Plc., Proctor & Gamble Company, SC Johnson
& Son Inc., Akzo Nobel N.V., Unilever N.V., and Coster Tecnologie Speciali S.p.A.are the key
players in manufacturing aerosol. In terms of product offerings, Reckitt Benckiser Group Plc.
and Proctor & Gamble Company are the major players in the market, providing various
products of aerosol. Most of the major vendors in the global aerosol market is actively
focused on enhancing their offerings to meet the ongoing demand.
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