Aerosol Actuator Market Size Worth $1.59 Billion By 2025 | CAGR: 6.8%
Published Date : 13 / 08 / 17 | Report Format: PDF
The global aerosol actuator market is expected to grow at growth rate of 6.8% to reach USD 1.59 billion by 2025.
Aerosol is a most commonly used terminology for the pressurized container that releases a spray when actuated. This device offers convenient, easy to use, compact, portable and recyclable option for spray. Introduction of new product formats, and gender-specific products is expected to drive demand for personal care products. Increasing use of aerosol propellants in hair sprays, styling mousses, and deodorants & antiperspirants is expected to drive market growth.
Application segment is divided into household, personal care, food, medical, paints and other applications. Aerosol containers find applications in paints & coatings industry on accounting of their ability to turn paint into a fine spray thereby providing appropriate leveling and finish to the surface. Food is another segment which is expected to drive aerosol demand significantly over the forecast period. Rising usage of aerosol in various food products including whipped cream, chocolate, ketchup, mayonnaise, vinegar, olive oil, and various beverages including sparkling water, soda, and beer will fuel industry expansion over the forecast period.
Regionally, developed regions such as North America and Europe are considered to be the largest market. Of which, North America accounted for almost 50% share of the global market in 2016. Increasing number of introductions and favorable government support augment the market growth in developed region. Asia Pacific region is expected to growth at CAGR of 8.23% during the future period.
Key market participants are increasingly looking towards product innovation and new product development to manufacture environment friendly components using latest aerosol technologies. The market trend suggests shifting manufacturer’s focus towards enhanced sustainability which includes reduced consumption of energy and raw material along with propellants causing low harm to the ozone in recent aerosol packaging.
Companies such as E C Pack Industrial Ltd., Ultramotive Corporation, Presspart Manufacturing Ltd., Lindal Group, Newman-Green Inc., YingBo Aerosol Valve (ZhongShan) Co., Ltd., Aptar Group, and others are operating in this market.
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The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY APPLICATION
- Personal Care
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
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