Market Overview:
The aerosols market size was significantly large in 2020 and is expected to continue to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors responsible for driving market revenue growth are increasing product launches by key companies, rising demand for personal care products, ease of use, and very aesthetic design of product packaging.
Aerosol is a colloidal system that distributes liquid-solid particles from a spray can. These solids in the form of dust or fumes or liquid particles are suspended in the form of mist-like particles. Aerosol sprays are easy to use and beautiful in looking at. Aerosol products are used as lubricating oil in construction projects to prevent squeaking and to extinguish rusty parts.
Key Driving Growth of The Global Aerosols Market:
Rapid industrialization and expansion of various end-user industries, especially in developing countries are expected to propel the aerosol market growth shortly. Also, the rapid development of infrastructure and surging demand for coatings, paint, and adhesive would boost the market growth. Furthermore, continuous R&D activities in the field of adhesives and coatings are expected to bolster demand for aerosols shortly.
Factors Restraining Growth of The Global Aerosols Market:
The increasing availability of alternatives to aerosol packaging is considered to be one of the major challenges in the aerosols market. Also, the lack of research work regarding the role of aerosols in the spread of livestock viruses is set to be another challenge for market growth over the forecast period.
Opportunities For Players Operating in The Global Aerosols Market:
Key companies are mainly focusing on expanding infrastructure, owing to the rising focus of governments on sustainability. Large retailers in the food, pharmaceuticals, and personal care industries are improving product packaging to target customers within a limited shelf space. This is further prompting various companies to choose technologically advanced products. The development of environmentally friendly packaging is likely to open up new market opportunities in the next few years.
Global Aerosols Market Led by Casting Material Segment:
By casting material, the global aerosols market is segmented into aluminum, tinplate, steel, plastic, and others. During the forecast period, the aluminum segment is anticipated to procure the largest share of the global aerosols market. Aluminum can be recycled several times and is an environmentally friendly material. In addition, it provides sturdy packaging and significantly enhances the beauty of products.
Global Aerosols Market Leading End-use Segment:
By end-use, the global aerosols market is segmented into personal care, household, commercial, food, pharmaceuticals, industrial, and others. The personal care segment is set to generate the largest market share during the forecast period. Increasing demand for hair care products and deodorants is likely to bolster the growth of this segment. furthermore, rising emphasis on gender-specific products, increased consumer spending, high demand for personal care products, and changes in lifestyles of people in emerging countries would also aid the growth of this segment.
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