About Aerosol Propellants
Aerosol propellants are chemical substances used in aerosol cans to dispense the active product using high pressure provided by the chemical. Aerosol propellants find applications across various industries. They are mainly used in personal care, household, automotive and industrial, paints, and other applications. There are different types of aerosol propellants based on the chemicals used, including hydrocarbons, dimethyl ether (DME), and methyl ethyl ether, nitrous oxide and carbon dioxide, and chlorofluorocarbon (CFC) and hydrofluorocarbon (HFC).
Technavio’s analysts forecast the global aerosol propellants market to grow at a CAGR of 5.52% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global aerosol propellants market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aerosol Propellants Market 2017-2021
Technavio recognizes the following companies as the key players in the global aerosol propellants market: Aeropres, Akzo Nobel, Honeywell International, National Gas, and Royal Dutch Shell.
Other Prominent Vendors in the market are: Arkema Group, AVEFLOR, Brothers Gas, Diversified CPC International, Harp International, IndianOil Petronas, Mexichem, PureGas, Settala Gas, Shanghai Cal Custom Manufacturing & Aerosol Propellants, SRF, SHV Energy, The Chemours Company, The Linde Group, and UNIGAS EUROPE.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in production of low cost and low GWP aerosol propellants. The global aerosol propellants market has experienced a lot of changes over time. Spray can propellants that deplete the ozone layer are long gone, and new alternatives have filled the demand supply gap as the years passed by. In the current scenario, after banning harmful variants of CFCs from applications in all areas, including aerosols, the ozone layer is recovering slowly.”
According to the report, one driver in the market is increasing demand from cosmetics and personal care applications. Aerosol propellants are used extensively in personal care and cosmetic products through aerosol sprays that replace compressed gas. However, aerosol sprays are harmful to the environment. The increasing adoption of aerosol cans in this industry is based on the consumers' convenience of use. Personal care and cosmetic product manufacturers highly rely on aerosol sprays as the products manufactured using aerosol sprays are increasingly accepted by consumers. Thus, a large number of personal care product manufacturers use aerosol propellants in huge quantities to manufacture products, such as hairsprays, hair mousse, deodorants, antiperspirants, shaving creams, face washes, foam products, sunscreen products, hair color sprays, and shampoo.
Further, the report states that one challenge in the market is fluctuating raw material prices. The growth of the global aerosol propellants is highly based on the availability of raw materials, such as crude oil and natural gas. The prices of aerosol propellant gases will, therefore, vary according to the prices of these raw materials. Natural gas and crude oil are vital for the extraction of aerosol propellants. Price fluctuations of crude oil and natural gas affect the aerosol propellants market to a great extent. Due to supply demand imbalances and the volatile political circumstances in the Middle East that has the maximum world oil supply, there has always been high volatility in the price of crude oil in the overseas market, which has resulted in a significant increase in the prices of aerosol propellants.
Aeropres, Akzo Nobel, Honeywell International, National Gas, Royal Dutch Shell, Arkema Group, AVEFLOR, Brothers Gas, Diversified CPC International, Harp International, IndianOil Petronas, Mexichem, PureGas, Settala Gas, Shanghai Cal Custom Manufacturing & Aerosol Propellants, SRF, SHV Energy, The Chemours Company, The Linde Group, and UNIGAS EUROPE.