DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Aerosol Market Estimates & Trend Analysis By Application (Personal Care, Household, Automotive & Industrial, Food, Paints, Medical), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), And Segment Forecasts, 2014 - 2025" report to their offering.
The global aerosol market size is expected to reach USD 123.98 billion by 2025.
Increasing demand for aerosol products for packaging products such as insecticides and household cleaners is expected to emerge as the primary growth driver over the forecast period.
The market is expected to be driven by the rising demand for aerosol based pharmaceutical products such as pain relief sprays, inhalers, and drug delivery systems. In addition, the industry is likely to exhibit high growth on account of demand for personal care products such as hair sprays, mousses, and shaving foams.
Rising concerns regarding the personal hygiene coupled with high demand for deodorants primarily in Asia Pacific is expected to emerge as a major driver for the market growth over the next nine years. In addition, the market for personal care aerosols is expected to be driven by the increasing product launches by major manufacturers such as Unilever and Procter and Gamble Co.
Increasing product innovation pertaining to the use of aerosol based food products such as spray oils and salad dressings is expected to emerge as the major growth driver over the forecast period. In addition, rising development of advanced propellant mixtures is expected to alleviate consumer concerns regarding toxicity of propellants, leading to an increased affinity towards aerosols.
Major market players such as Procter & Gamble Co, Unilever, Beiersdorf AG rely on new product launches and innovations in the design as the major instruments employed for increasing the market share. The companies are also involved in strategies such as mergers & acquisitions, and capacity additions to increase the revenues.
- Proctor and Gamble
- S.C. Johnson
- Reckitt Benckiser
- Crabtree & Evelyn
- Henkel AG
- AkzoNobel N.V.
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