Global Aerosol Market Expected to Grow at 7% CAGR During 2016 - 2022: P&S Market Research

NEW YORK, May 27, 2016 /PRNewswire/ --

According to market research "Global Aerosol Market Size, Share, Development, Growth and Demand Forecast to 2022 - Industry Insights by Application (Household, Automotive Industry, Paints and Varnishes, Food and Beverages, Personal Care, Insecticides and Others)" by P&S Market Research, the global aerosol market was valued at $49,553.8 million in 2015, and it is expected to grow at a CAGR of 6.9% during 2016 - 2022.

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The major factors driving the growth of the global market include growth in key end user industries, rapid industrialization in developing economies, and increasing health awareness, along with increased concern regarding personal care and hygiene. Moreover, the demand for eco-friendly aerosol products and increasing emphasis on recycling and refilling are further boosting the growth of the aerosol market. Aerosols have widespread application in key industrial sectors, including food & beverages, paints & varnishes, automotive, pharmaceutical, and personal care and household applications. Globally, these sectors have witnessed significant growth, which is further propelling the demand for aerosols. The increased demand for aerosols in various food products, such as mayonnaise, chocolate, olive oil, vinegar, whipped creams, ketchup, soda and beer, will further increase the demand for aerosol during the forecast period. Globally, owing to increasing income and living standard of an individual, the food habits of an individual have changed, as they are spending more on food & beverages. The increasing food and beverage industry in various countries, such as China, India, UAE, and the U.S. is anticipated to fuel the demand for aerosol in near future. The personal care and household application segments are the major sectors generating demand for aerosol in the global market. Automotive and Pharmaceuticals industries are the emerging application segments in the global aerosol market.

Geographically, Europe held the largest share in the global aerosol market in 2015. The major reason is the growing demand for eco-friendly products in personal care and household segment. Furthermore, the increased government's focus on recycling and refilling of the used aerosol cans and preventing the use of F-gases as propellant in aerosol, are compelling the companies for new product development, boosting the overall aerosol market in the region.

Explore More Reports Related to Chemicals: https://www.psmarketresearch.com/industry-report/chemicals-materials-and-energy

The key companies operating in the global aerosol market include Reckitt Benckiser PLC, Proctor and Gamble Company, S C Johnsons and Son INC., Akzo Nobel N.V., Unilever PLC, Coster Tecnologie Spciali S.p.A, Thymes LLC, Crabtree and Evelyn, Honeywell International INC., and Colep.

GLOBAL AUTOCLAVED AERATED CONCRETE MARKET SEGMENTATION 

By Application 

• Household
• Automotive Industry
• Paints and Varnishes
• Food and Beverage
• Personal Care
• Insecticides
• Others

GEOGRAPHICAL SEGMENTATION 

By Region 

• North America
  - U.S.
  - Canada
  - Mexico
• Europe
  - Germany
  - The U.K.
  - Spain
  - Rest of Europe
• Asia-Pacific
  - China
  - Japan
  - India
  - Australia
  - Rest of APAC
• Rest of the World
  - Brazil
  - Middle East and Africa

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SOURCE P&S Market Research