Aerosol Market: Current Analysis and Forecast (2021-2027)

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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

Pages:

239

Table:

41

Figure:

116

Report ID:

UMCH21754

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Aerosol Market 2
Aerosol Market 2

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.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country-level analysis of the industry

Customization Options:

The global aerosol market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.   Market Definitions
1.2.   Limitation
1.3.   Stake Holders
1.4.   Currency used in Report

 

2.1.   Research Process of the Aerosol Market
2.2.   Research Methodology of the Aerosol Market
2.3.   Forecasting Method
2.4.   Respondent Profile
2.5.   Main Objective of the Aerosol Market Study

 

3.       MARKET SYNOPSIS

 

4.       EXECUTIVE SUMMARY

 

5.       GLOBAL AEROSOL MARKET COVID-19 IMPACT

 

6.       GLOBAL AEROSOL MARKET REVENUE (USD MN), 2019-2027F

 

7.1.   Steel 
7.2.   Aluminum
7.3.   Others 

 

8.1.   Liquefied Gas
8.2.   Compressed Gas

 

9.1.   Water-based
9.2.   Solvent-based

 

10.1.                     Personal Care
10.1.1.                       Deodorants
10.1.2.                       Hairsprays
10.1.3.                       Shaving Mousse & Gels
10.1.4.                       Hair Mousse
10.1.5.                       Others
10.2.                     Household
10.2.1.                       Air Fresheners
10.2.2.                       Insecticides & Plant Protection
10.2.3.                       Textile & Fabric
10.2.4.                       Furniture
10.2.5.                       Others
10.3.                     Others 

 

11.1.                     North America Aerosol Market 
11.1.1.    United States
11.1.2.    Canada 
11.1.3.    Rest of North America
11.2.                     Europe Aerosol Market 
11.2.1.    Germany 
11.2.2.    France 
11.2.3.    United Kingdom
11.2.4.    Italy 
11.2.5.    Spain 
11.2.6.    Rest of Europe
11.3.                     Asia Pacific Aerosol Market
11.3.1.    China 
11.3.2.    Japan 
11.3.3.    India 
11.3.4.    Australia 
11.3.5.    Rest of Asia Pacific
11.4.                     Rest of World Aerosol Market 

 

12.1.                     Market Drivers
12.2.                     Market Challenges
12.3.                     Impact Analysis

 

13.   AEROSOL MARKET OPPORTUNITIES

 

14.   AEROSOL MARKET TRENDS

 

15.   LEGAL & REGULATORY FRAMEWORK

 

16.1.                     Demand Side Analysis
16.2.                     Supply Side Analysis
16.2.1.    Top Product Launches
16.2.2.    Top Business Partnerships
16.2.3.    Top Business Expansions, Investments, and Divestitures
16.2.4.    Top Merger and Acquisitions

 

17.   VALUE CHAIN ANALYSIS

 

18.1.                     Porters Fiver Forces Analysis
18.1.1.    Bargaining Power of Buyer
18.1.2.    Bargaining Power of Supplier
18.1.3.    Intensity of Rivalry
18.1.4.    Threats of New Entrant
18.1.5.    Threat of Substitute

 

19.1.                     Henkel AG & Co. KGaA
19.2.                     Reckitt Benckiser Group PLC
19.3.                     S.C. Johnson & Son Inc.
19.4.                     The Procter & Gamble Company
19.5.                     Unilever PLC
19.6.                     Akzo Nobel N.V.
19.7.                     PPG Industries Inc.
19.8.                     The Sherwin-Williams Company
19.9.                     L’Oréal S.A.
19.10.                  Beiersdorf AG
20.   DISCLAIMER 

Research Methodology

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:

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:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Aerosol across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Aerosol market. Also, the growth strategies adopted by these players to compete in the fast-growing market.

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

Aerosol Market 1
Aerosol Market 1

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:

  • Analyze the current and forecast market size of Aerosol in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segment in the study include the area of material, propellant, formulation, and application
  • Defined analysis of the regulatory framework for the Aerosol industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of Aerosol for the major countries
  • Major regions/countries analyzed in the report include North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the Aerosol market players and the growth strategies adopted by them to sustain in the growing market
  • Deep dive country-level analysis of the industry