Global Aerosol Propellant Market 2015-2019
About Aerosol Propellant
Aerosol propellants comprise two components: aerosols and propellants. Aerosols area mixture of liquid and solid particles suspended in air or gas, whereas propellants are chemicals that generate pressure and push the content out of the container. Aerosol propellants provide a convenient method of dispensing aerosols. They provide a targeted stream, which ensures minimal wastage. Based on product type, aerosol propellants are classified into hydrocarbons, nitrous oxide and carbon dioxide, DME, CFC, and others. Aerosol propellants are widely used in personal care, household, pharmaceutical, paint and coating, industrial, and related applications.
Technavio's analysts forecast the global aerosol propellant market to grow at a CAGR of 4.79% over the period 2014-2019.
Covered in this Report
The global aerosol propellant market can be segmented into five based on type: hydrocarbons, nitrous oxide and carbon dioxide, DME, CFC, and others. Hydrocarbons are the most widely used due to the ban on CFCs. Hydrocarbons are an eco-friendly substitute for CFCs.
Technavio's report, Global Aerosol Propellant Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Europe, North America, APAC, and ROW; it also covers the global aerosol propellant market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Aerosol Propellants Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Aerosol Propellants Market: Aeropres, Akzo Nobel, Bayer MaterialScience, Honeywell International, Lapolla Industries, National Gas and Royal Dutch Shell
Other Prominent Vendors in the market are: Aveflor, Diversified CPC, DuPont, Gerstung Aerosol, Harp International, K-G Packaging, MBC Aerosol, Pro Aerosol, Quality Aerosol, Recycle Aerosol, Shanghai Cal Custom Manufacturing & Aerosol Propellants, Southern Aerosol and Westech Aerosol
Commenting on the report, an analyst from Technavio’s team said: “Environmental concerns and hazardous waste released by aerosol propellants are hindering market growth. Consumers are demanding eco-friendly aerosol propellants. Governments in the US and Europe have banned the production of CFCs to prevent ozone layer depletion. Many manufacturers are investing in R&D to cater to the growing demand for eco-friendly propellants. For example, Honeywell has introduced Solstice propellant that exhibits favorable environmental properties. This propellant is non-flammable, with low GWP and photochemical reactivity. The propellant also serves as a replacement for liquefied gas propellants to reduce greenhouse gas emissions and prevent ozone layer depletion.”
According to the report, aerosol propellants are widely used in air fresheners, oven cleaners, vegetable oil sprays, computer cleaning products, disinfectants, insecticides sprays, furniture polish, and spray paints, owing to their low cost and eco-friendly nature. The market in APAC is expected to grow rapidly because of increased demand from the household sector. China and India are the major producers and consumers of aerosol propellants in this region.
Further, the report states that regulation against the use of CFCs is one of the major challenges.
Aeropres, Akzo Nobel, Bayer MaterialScience, Honeywell International, Lapolla Industries, National Gas, Royal Dutch Shell, Aveflor, Diversified CPC, DuPont, Gerstung Aerosol, Harp International, K-G Packaging, MBC Aerosol, Pro Aerosol, Quality Aerosol, Recycle Aerosol, Shanghai Cal Custom Manufacturing & Aerosol Propellants, Southern Aerosol, Westech Aerosol
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