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Aerosol Propellants Market Analysis, Size, Share To 2020

Article · April 2015

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Shashi Kumar
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Global Aerosol Propellants Market By Product
(Hydrocarbons, DME, CFC), By Application (Households,
Personal Care, Paints & Coatings, Medical) Is Expected To
Reach USD 24.83 Billion By 2020: Grand View Research,
Inc.
Global aerosol propellants market is expected to reach USD 24.83 billion by 2020, according to
a new study by Grand View Research, Inc. Increasing demand for aerosol products coupled with
rising application in cosmetics is expected to drive market growth. Growing demand for aerosol
propellants primarily in household products including air fresheners, disinfectants and insect
repellents is expected to supplement market growth. Asia Pacific is expected to witness swift
growth over the forecast period as a result of mounting demand for household products along
with supportive regulatory scenario. Technological advancements and innovations to develop
low cost, eco-friendly and low VOC products are further expected to serve as growth
opportunities for the market over the forecast period.

Hydrocarbons were the largest product segment in 2013, accounting for over 80% of market
demand in 2013. Hydrocarbons are expected to witness demand growth due to their low cost,
high stability and low toxicity as compared to other propellants. In addition, hydrocarbons
demand in deodorants, hair-sprays, shaving foams and antiperspirants is expected to help them
maintain high market share over the next six years.

Further key findings from the study suggest:

 Global aerosol propellants market demand was 9,137.7 kilo tons in 2013 and is expected
to reach 12,494.7 kilo tons by 2020, growing at a CAGR of 4.6% from 2014 to 2020
 Personal care was the largest application segment in 2013 and is expected to witness
substantial growth over the forecast period on account of increasing demand for products
including skincare, hair care, antiperspirants and deodorants. In addition, household
applications are expected to witness fastest growth owing to increasing consumption for
air fresheners and insect repellents.
 Europe was the dominant regional market, accounting for over 35% of global demand in
2013. The market is expected to witness swift growth over the next six years owing to
increasing demand for aerosol products in the region.
 Asia Pacific is expected to witness fastest demand growth, at an estimated CAGR of
around 5.5% from 2014 to 2020, owing to growing consumer awareness coupled with
increasing disposable income in China, Australia, India, Malaysia, Japan and Indonesia.
Moreover, increasing demand for personal care products such as deodorants among
younger population primarily in India and China is expected to augment market growth.
 Key market players include DuPont, Aveflor, Honeywell, Aeropres Corporation, Bayer
MaterialScience AG, Lapolla Industries Inc., AkzoNobel, Emirates Gas, National Gas
Company SAOG, K-G Packaging, Shanghai Cal Custom Manufacturing & Aerosol
Propellants Co. Ltd., BOC Industrial Gases UK and Harp International. Various market
 participants have introduced propellants which offer low VOC formations and abide by
air quality standards for consumer, household and industrial applications.

For the purpose of this study, Grand View Research has segmented the global aerosol propellants
market on the basis of product, application and region:

Global Aerosol Propellants Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2020)

• Hydrocarbons

• DME

• CFC

• Nitrous oxide and carbon dioxide

Global Aerosol Propellants Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2012 - 2020)

• Households

• Personal Care

• Paints & Coatings

• Medical

• Others

Global Aerosol Propellants Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2020)

• North America

• Europe

• Asia Pacific

• RoW

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