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The global Aerosol Propellants Market is categorized as products , applications , and regions . Based on products , the market is divided into Dimethyl Ether ( DME ) & methyl ethyl ether , hydrocarbons , carbon dioxide & nitrous oxide . Methyl ether & DME can grow at a CAGR of 6 % from 2016 to 2025 . This attributes to the superior properties exhibited by these components , such as no harm to the ozone layer and low global warming potential . The use of aerosol propellant gases , such as carbon dioxide & nitrous oxide can increase considerably in the near future . This is because these gases cause minimal environmental damage and ensure greater stability .
Applications comprise household , personal care , food , medical , paints , and automotive & industrial . The personal care segment is anticipated to grow at a healthy CAGR of over 3 % during the estimated years . This is because of rising popularity of mousses , hair sprays , and deodorants . Demand for beauty products in Central & South America and in Asia-Pacific could fuel product demand in the years to come . In addition , the popularity of hair styling products and shaving foams may propel market growth . One of the key factors driving the global Aerosol Propellants Market is the widespread adoption of personal care products worldwide .
The household segment can expand considerably in the forecast period because of increased usage of floor cleaners and insect sprays . The automotive segment can register a growth rate of 5 % during the forecast period .
Geographically , the global Aerosol Propellants Market is segmented into Asia Pacific , North America , Europe , Central & South America , and Rest of the World . Asia-Pacific could witness highest growth on account of rising consumer disposable incomes and rapidly changing lifestyles . Europe is projected to contribute to over 32 % of the overall revenues . This owes to the high demand for cans in the personal care & household application segments . Widespread application of the product in automotive paints & cleaners may boost the market in the forecast period .
Prominent companies operating in the global aerosol propellant market are Honeywell International Inc .; Crown Holdings Inc .; Royal Dutch Shell Plc .; E . I . DuPont de Nemours and Company ; and Aerosol Gas Ltd . These manufacturers invest considerably in research & development ( R & D ) of superior propellant formulations . Companies undertake R & D activities in order to increase their market shares in the long run .
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