Latest Study - Aerosol Market Share, Growth Prospects To 2020: Grand View Research, Inc.
Global aerosol market is expected to reach USD 70.15 billion by 2020, according to a new study by Grand View Research, Inc. The global aerosol market is expected to witness growth primarily due to growing use in personal care and household applications. These together accounts for the lion share of the application market and are expected to witness growth in line with the end use industries. Global aerosol market growth is primarily dependent on demand dynamics in applications including personal care, household, paints, medical and others including food, automotive and adhesives.
Personal care was the largest application segment in 2013 owing to new product development in Europe and North America coupled with increasing cosmetics demand from Asia Pacific and Latin America. The segment had an estimated demand of over 6.0 billion units in 2013 and consists of products including deodorant, hair care and body care.
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