Personal Care & Cosmetics Industry Global Aerosol Propellant Market | Page 2

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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. T his 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.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/personal-
care-and-cosmetics-market
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