Personal Care & Cosmetics Industry Global Aerosol Propellant Market

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Aerosol Propellants Market Share, Size, Trends, Growth, Industry
Analysis and Forecast to 2024 | Hexa Research
" The overall Aerosol Propellant Market size in 2015
was approximately 10 million tons and the industry
is expected to grow at a CAGR of around 4% from
2016 to 2024."
The global Aerosol Propellants Market size is projected to reach USD 11 billion by 2024. The development of
high-quality propellant formulations with enhanced product dispensing capacities can drive this industry
during the forecast period (2016-2024). In addition, widespread adoption of various aerosol-based personal
care and household products could also positively influence the market. This trend is mainly observed in
developing countries, like India, Thailand, etc. Moreover, rising technological developments resu lting in the
production of superior propellant combinations may stimulate market demand.
Growth of the Aerosol Propellants Market depends greatly on the availability of raw materials, such as crude
oil and natural gas. Moreover, cost of the product depends on the prices of crude oil and natural gas. High
production of natural gas in Asia-Pacific and North America could boost the demand for aerosol propellants
in the years to come. Additionally, greater technological initiatives resulting in the production of high-quality
cans that are aesthetically appealing may augment the demand for these cans. This in turn can propel the
global market.
Browse Details of Report @ https://www.hexaresearch.com/research-report/aerosol-propellants-market
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