- The key vendors in the global aerosol propellants market 2015-2019 are Aeropres Corp., AkzoNobel NV, Bayer MaterialScience AG, Honeywell International Inc., Lapolla Industries Inc., National Gas Co., and Royal Dutch Shell plc
London, 14 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global aerosol propellants market 2015-2019. The recent demand for eco-friendly aerosol propellants by consumers is one of the critical trends observed in this market. Propellants usually are detrimental to the environment as they contain chlorofluorocarbons, which deplete the ozone layer. This has led to the innovation of products that serve as a replacement for liquefied gas propellants, leading to reduced greenhouse gas emissions. The global aerosol propellants market is expected to grow at a CAGR of 4.79% during the forecast period of 2014-2019.
Increasing demand from the personal care and household sector will boost the prospects of growth in the global aerosol propellants market. A recent trend observed in this market is the growing awareness for personal hygiene, which has resulted in the augmented demand for deodorants, antiperspirants, hairspray, creams, and other related products. This in turn boosts the demand for aerosol propellants globally. Factors like increasing consumer income and changing lifestyles of customers are driving the demand for propellants in this market.
“The markets in China and India are growing at a fast rate because of increased demand for aerosol propellants in these regions. China and India are the major producers and consumers of aerosol propellants,” says Faisal Ghaus, Vice President of Technavio Research.
“A rise in consumer incomes, increasing personal hygiene awareness, and changing lifestyles are boosting the demand for personal care and household products, thereby boosting the demand for aerosol propellants.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
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