Aerosol Propellants Market report is a comprehensive overview of the market's situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2022 to 2027. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyzes the market thoroughly and collects data in order to offer reliable data to the users. Aerosol Propellants Market is estimated to grow at a decent CAGR of 6.5% during the forecast period.
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Market Segments' Analysis
According to Stratview Research, the Aerosol Propellants Market is Segmented by Product Type (Hydrocarbons [Propane, n-butane, and Isobutane], Dimethyl Ether and Methyl Ethyl Ether, Nitrous Oxide and Carbon Dioxide, and Others), by Application Type (Personal Care, Dairy, Automotive & Industrial, Foods, Paints, Medical, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Based on the product type, the market is bifurcated into hydrocarbons, dimethyl ether and methyl ethyl ether, nitrous oxide and carbon dioxide, and others. Hydrocarbons are estimated to account for the major share of the market during the forecast period, owing to their wide utilization in topical pharmaceutical aerosol products and various beneficial characteristics offered by them such as immiscibility in water, low toxicity, and lack of reactivity.
Based on the application type, the market is segmented as personal care, dairy, automotive & industrial, foods, paints , medical, and others. The personal care application segment is estimated to hold a significant share of the market during the forecast period.
Top key vendors in the market:
Some of them are mentioned below –
• Aeropres Corporation
• Akzo Nobel NV
• Arkema Group
• Emirates Gas LLC
• Grillo-Werke AG
• Honeywell International, Inc.
• National Gas Company SAOG
Which region is expected to dominate the market?
In terms of regions, North America is estimated to be the leading region in the market during the forecast period. Factors such as growing automotive industry in Mexico and the US and increasing adoption of aerosol household and personal care products are expected to drive the regional market growth over the forecast period. Asia-Pacific, on the other hand, is estimated to witness significant growth in the market owing to the growing paints & coatings industry in the region during the forecast period
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