Emphasis on Material (Steel, Aluminum, and Others); Propellant (Liquefied Gas Propellant and Compressed Gas Propellant); Formulation (Water-Based and Solvent-Based); Application (Personal Care, Household, and Others); and Region/Country
The global aerosol market is likely to showcase a growth of around 6% during the forecast period. Over the years the demand for personal care products has showcased substantial growth due to improving per capita income and changing lifestyles. Nowadays, people are getting more serious about their physical looks thereby consumption of products related to cosmetics or self-hygiene is increasing. For instance, the global personal care products market was stood at USD 236 billion in 2019 compared to USD 182 billion in 2012, demonstrating a CAGR of 3.8% between 2012 –2019. Aerosol is widely used in the personal care industry in a myriad of applications like deodorants, hairsprays, shaving mousse & gels, and hair mousse among others. Due to its ease to use and handling characteristics coupled with its ability to spread uniformly, the demand is increasing in the personal care industry. Further, personal care and cosmetic products are widely used by the young population thereby countries like India, which have a large young demographic thus have vast potential in the personal care industry, and thus have large growth potential in the aerosol market.
Insights Presented in the Report
“Amongst material, the aluminum segment held a prominent share in the market in 2020.”
Based on material, the market is segmented into steel, aluminum, and others. The aluminum segment accounted for a significant share in the global aerosol market. Because of its vast variety of characteristics, aluminum is one of the most used materials for packaging. It’s light, shatterproof, impervious to water, flexible, corrosion-resistant, and recyclable. Aluminum aerosol cans keep the contents fresh for a long period by preventing high volatile ingredients from escaping. Aluminum has a considerable market share in the worldwide aerosol can market due to these considerations.
“Amongst propellant, the liquified gas segment accounted for a considerable share in the global aerosol market
Based on propellant, the market is segmented into liquefied gas propellants and compressed gas propellants. The liquefied gas propellants accounted for a significant share in the market. Even when the product level declines, additional liquefied gas propellant evaporates to maintain constant pressure in the space above the product in the case of liquid gas propellant. This helps to keep the spray’s performance over the life of the aerosol can. This is attributable to the liquefied gas propellant’s significant market share benefits.
“Europe accounted for a major share in the global aerosol market”
For a better understanding of the market adoption of Aerosol, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe accounted for a significant share in the global Aerosols market owing to high spending power, high standard of living, and presence of a large number of international FMCG companies which continuously innovate in order to offer better quality products to its customers.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global Aerosol Market Covid-19 Impact
6. Global Aerosol Market Revenue (usd Mn), 2019-2027f
7. Market Insights By Material
8. Market Insights By Propellant
9. Market Insights By Formulation
10. Market Insights By Application
11. Market Insights By Region
12. Aerosol Market Dynamics
13. Aerosol Market Opportunities
14. Aerosol Market Trends
15. Legal & Regulatory Framework
16. Demand And Supply-side Analysis
17. Value Chain Analysis
18. Competitive Scenario
19. Company Profiled
20. Disclaimer
Analyzing the historical market, estimation of the current market, and forecasting the future market of Aerosol, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Aerosol industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Seek More Details About Research Methodology
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of Aerosol through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Aerosol market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by material, propellant, formulation, and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of Aerosol globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Aerosol. Further, we conducted factor analysis using dependent and independent variables such as increasing application areas and easy-to-use functionality. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the Aerosol industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Aerosol market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants by Stakeholders and Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Aerosol market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of material, propellant, formulation, and application.
The main objective of the Aerosol market study
The current & future market trends of global Aerosol were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
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