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.
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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.
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.
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Grand View Research, Inc
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