Aerosol Market Will Be Worth 1.74 Billion by 2030: Grand View Research Inc.Posted by Sona Kulkarni on January 9th, 2024 Aerosol Market Growth & TrendsThe global aerosol market size is expected to reach USD 131.74 billion by 2030, registering a CAGR of 6.7% over the forecast period, according to a new report by Grand View Research, Inc. Aerosol has applications in personal care, household products, automotive, paints & varnishes, industrial, pharmaceutical, and food industries such as hair sprays, shaving gels, deodorants insecticides, air fresheners, grease, fabric cleaner, whipping cream, and inhaler. The factors attributed to drive the market are introduction of new product formats and gender-specific products is expected to drive the demand for personal care products. The growing use of aerosol propellants in hair styling sprays, foaming face wash, shaving gel, deodorants & antiperspirants is expected to further drive the market. Food is another segment that is expected to drive aerosol demand significantly over the forecast period. The rising use of aerosols in a variety of food products including whipping cream, icing and coffee powder, and chocolate is expected to fuel market expansion over the forecast period. The aerosols enhance the shelf life by keeping the food products 100% intact by creating a barrier between the external environment and food product and. Thus, the demand of aerosol packaging in food industry is increasing. Further, the increased prevalence of respiratory disorders such as asthma in low- and middle-income countries followed by rising geriatric population and rate of environmental pollution have increased the prevalence of chronic obstructive pulmonary disease (COPD). Thus, the rising of respiratory disorder is expected to increase the importance of aerosol in MDI valves, DPI devices, and check valves in the near future. However, stringent regulations is impacting the market of aerosol. For instance, the U.S. EPA has been regulating HFCs and other ozone-deteriorating chemicals under the Significant New Alternative Policy (SNAP) program for the past 20 years. The EPA also lists the substitutes for Ozone-Depleting Substances (ODS) in aerosol solvents and propellants, which are reviewed based on ozone depletion potential, global warming potential, toxicity, flammability, and exposure potential. Thus, stringent regulatory is creating high entry barriers for new Aerosol players entering into the market. Request a free sample copy or view report summary: Aerosol Market Report Aerosol Market Report Highlights
Access Press Release@ https://www.grandviewresearch.com/press-release/global-aerosol-market Aerosol Market Segmentation Grand View Research has segmented the global aerosol market on the basis of material, type, application and region: Aerosol Material Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
Aerosol Type Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
Aerosol Application Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
Aerosol Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)
List of Key Players of Aerosol Market
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author
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