Stringent environmental regulations for limiting the use of CFCs have fueled the demand for aerosol propellants. The global market for aerosol is expected to reach more than USD 65 billion by the end of 2018, growing at a CAGR of 4.0% from 2013 to 2019.
Albany, NY -- (SBWIRE) -- 07/15/2016 -- Increase in consumption of aerosol propellants in paints and coatings, medical and household applications are fueling the demand for aerosol propellants. Steady and consistent demand from the aerosol industry is expected to be a major growth engine for the global aerosol propellants market. Propellants are the chemical used in an aerosol container to generate pressure that pushes the contents out of a nozzle once released; therefore it is one of the key ingredients in aerosol sprays.
This report segments the aerosol propellants market based on applications, regions and product segments and provides forecast and estimates for each sub-segment. The report presents supply and demand characteristics of aerosol propellants and applications by providing a detailed forecast from 2013 to 2019 along with revenues and volumes analysis. It provides the opportunities for aerosol propellants market available in near future information along with latest trends, driving and restraining factors influencing the market. The report also includes market attractiveness based on the applications. The market attractiveness will help to analyze the opportunities in the market.
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Based on the type aerosol propellants market can be categorized into different segments such as CFC; hydrocarbons (propane, n-butane and isobutane); dimethyl ether (DME) and methyl ethyl ether; nitrous oxide and carbon dioxide. Hydrocarbon was the dominating aerosol propellants product segment in terms of consumption across the world.
Key aerosol propellants applications analyzed, estimated and forecasted in this report includes paints and coatings, medical and households. Household aerosol products such as personal care, insecticides, plant protection sprays, and bath/kitchen cleaners dominate the consumption of aerosol propellants in the market.
North America, Europe, Asia Pacific and Rest of the world (RoW) are the key regions covered in this report. Each of the above mentioned regions are further segmented in to the type and applications of aerosol products and thorough analysis of each type and application terms of volume and revenue in 2012 and forecast until 2019 has been included into the report. The detailed analysis of market revenue share of the companies such as AkzoNobel NV, AVEFLOR, a. s., Aeropres Corporation, Bayer MaterialScience AG, Honeywell International Inc, Lapolla Industries Inc, National Gas Company S.A.O.G and Royal Dutch Shell plc included into this report.
Inflation is not a part of pricing in this report. Prices of aerosol and spray polyurethane foams vary in each region; hence, a similar volume to revenue ratio does not follow for each individual region. The same price for each application has been taken into account while estimating and forecasting market revenue on the global basis. Regional average price has been considered while breaking down this market by application segment in each region. We use models and estimates in order to produce comprehensive data sets when there is no hard data available. We have used the bottom up approach to arrive at the global market considering individual application segments and integrating them to arrive at the global market. The applications have been further bifurcated using top down approach to derive the regional product market consumption.
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For the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players' product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants' insights and recognizing business opportunities.
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