Aerosol Propellants Market, By Type (Liquefied Gas Propellants, Compressed Gas Propellants), By Application (Pharmaceutical, Healthcare, Household, Industrial, Personal Care, Food & Beverage, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI38819 | Publish Date: February 2024 | No. of Pages: 170

Global Aerosol Propellant Market By Overview

Aerosol Propellants Market was valued at US$ 10.6 Billion in 2024 and is projected to grow at a CAGR of 10.20% to reach US$ 25.7 Billion by 2034.

Aerosol propellants are liquefied or compressed gas used as a co-solvent for expelling liquid from other separate container. Propellants are explosive substance that used in aerosols which allows to force the liquid out in small drops. Aerosols are used in healthcare as inhalers, disinfectants and for anesthetic preparations, etc. Aerosols are used as cleaning agents, air freshners, in paints & varnishes, care cosmetics etc. Aerosols are used in whipped cream, oil and other food & beverages. Aerosols are also used in personal care products. Fog & mist, and smoke and automobile are examples of aerosols. Compressed gases like carbon dioxide, nitrous oxide, and other halogenated hydrocarbons are used as propellants in aerosol dispensers. Fuel and oxidizer are propellants used in chemical rockets. Particulate matter in atmosphere is referred as aerosol as it is suspended within gases in air. Smoke, fog and steam are aerosols. Aerosol cans are designed for conversion of liquid to turn into fine dispersed mist. Aerosol cans pressurized gas propellant and liquid product which push the product out of can which turns into aerosol cloud. Carbon-dioxide, nitrogen, chlorofluorocarbons, hydrofluorocarbons, fluorocarbons, hydrochlorofluorocarbons, and compressed gases are types of propellant which are used in pharmaceutical aerosol. Special test procedures are required to use propellants in pharmaceutical and medicinal aerosols. Gas chromatography are used for determining identity of propellant & composition when propellant blend is used. Propellants are developed for proper pressure in container and then expelling product in form of vapors in formulation of aerosols. Hydrocarbon propellants are used in pharmaceutical aerosols due to its lack of reactivity, low toxicity, and environmental acceptance. However, wide applications in various sectors has given positive impact on aerosol propellant market growth.

Global Aerosol Propellant Market By Dynamics

Rising demand for personal care products, cosmetic products, disposable income and rate of urbanization

Rising demand for personal care products, cosmetic products, disposable income and rate of urbanization is one of the leading factors for the Aerosol Propellants Market growth. Wide applications for propellants in personal care aerosol product is increasing extensively. Aerosol propellants are used in personal care products and cosmetic products like body sprays, hair-care, deodorants, gel toothpaste, shaving cream, infant care products, make-up setting spray, sunscreen, foundation creams, lotions, self-tanners, hydrating creams, etc., and others. Urbanization has given rise in disposable income which allows the individual to enhance their lifestyle, standard living and spent more money on personal care products and cosmetics. Oral hygiene products, skin care, hair care, anti-aging creams which are daily needed and are high in demand by consumers. Various types of face cream, shampoos, are used to enhance lifestyle. Urbanization has given rise in standard of living. Mostly, women are working in every sectors and are more aware about their face, hairs keeping them maintain and healthy. Disposable income has allowed them to purchase the products in market. Aerosol propellants are widely used in cosmetic products. High quality propellants are widely used in non-CFC personal care formulations. HP 152a and HP DME propellants which are zero-ODP, and low-VOC are safe for individual and are used widely in personal care products. According to data published by United Nations in 2018, about 55% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, rising demand for personal care, cosmetic products, and the growth in disposable income and population in urban areas boosts the demand for aerosol propellant market.

 Restrains:

Aerosol causes environmental pollution. Difficulty in preparing aerosols dosage form of insoluble drug, expensive dosage form, long term use of aerosol propellant may produce toxic effect. Liquefied gas propellant are high of cost, may produce unknown toxicity, inflammable, and may cause depletion of ozone layer. However, some side effects and its toxicity, and environmental pollution may somewhat restrain the aerosol propellant market growth.

Global Aerosol Propellant Market By Segmentation

Aerosol Propellants Market-Segmentation

Aerosol Propellants Market is segmented based on type, application, and region.

Type Insight

On the basis of Type Aerosol Propellants Market is segmented into Liquefied Gas Propellants, Compressed Gas Propellants. Liquefied Gas Propellants has dominated the target market growth because it is commonly used due to its excellent solvent power properties which helps in providing constant pressure levels throughout the life of can.

Application Insights

On the basis of Product Aerosol Propellants Market is segmented into Pharmaceutical, Healthcare, Household, Industrial, Personal Care, Food & Beverage, and others. Personal care products has dominated the target market growth because of rising demand for personal care products. Wide applications for propellant in personal care aerosol products like hair spray, deodorants, shaving cream, infant care products and other is growing extensively.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Aerosol Propellants Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements. Moreover, rising demand for personal care products, cosmetic products, household products, and robust manufacturing industries of cosmetic products, is anticipated to increase demand for Aerosol Propellants in the region.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024– 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Liquefied Gas Propellants, Compressed Gas Propellants

By Application - Pharmaceutical, Healthcare, Household, Industrial, Personal Care, Food & Beverage, and others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Aerosol Propellants Market report based on type, application, and region:

Aerosol Propellants Market, By Type:

  • Liquefied Gas Propellants
  • Compressed Gas Propellants

Aerosol Propellants Market, By Application:

  • Pharmaceutical
  • Healthcare
  • Household
  • Industrial
  • Personal Care
  • Food & Beverage
  • Others

Aerosol Propellants Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Aerosol Propellant Market By Key Players

The key players operating the Aerosol Propellants Market includes,

  1. Honeywell International Inc.

Honeywell International Inc., is an American company founded in 1906, which is headquartered in Charlotte, North Carolina, U.S. Honeywell International Inc., offer product in various sectors like building technologies, aerospace, safety and productivity solutions, performance materials and technologies, etc. Solstice propellant is the leading product of Honeywell.

  1. Unilever plc.

Unilever is British multinational company founded in 1929, which is headquartered in London, England, UK.  Unilever offer products which includes, pharmaceutical, cosmetics, personal care products, infant care products, baby food, pet food, breakfast cereals, energy drinks, instant coffee, cleaning agents, etc.

  1. Glenmark Pharmaceuticals Ltd.

Glenmark Pharmaceuticals Ltd., is an Indian multinational company founded in 1977 which is headquartered in Mumbai, India. Glenmark Pharmaceuticals Ltd., is the manufacture of vaccines and medicines and also a leading integrated research based global pharmaceutical company.

  1. Diversified CPC International

Diversified CPC International, is a Sumitomo Corporation of American Portfolio Company. Diversified CPC International is the global leader designing, producing, and distributing highest quality aerosol propellants, specialty solvents & cleaning fluids, foam blowing agents, high purity hydrocarbon refrigerants, semi-conductor products, and biomass solvent extraction.

  1. The Chemours Company

The Chemours Company, was founded in 2015, which is headquartered in Wilmington, Delaware, U.S. The Chemours Company is an American chemical company. The Chemours Company is the manufacturer and seller of chemicals. The Chemours Company offers fluoro-products, chemical solutions, etc.

  1. Linde Plc.

Linde Plc., was founded in 1879, which is headquartered in Dublin, Ireland, Woking, Surrey UK. Linde Plc., is a German company. Linde is the largest gas company in the world. Linde offer products in petroleum refining, aerospace, fiber optics, food, beverage carbonation, steel making, electronics, chemicals, and others.

  1. Beiersdorf AG

Beiersdorf AG, was founded in 1882, which is headquartered in Hamburg, Germany. Beiersdorf is a German multinational company. Beiersdorf is the manufacturer of pressure sensitive adhesives and personal care products. Beiersdorf has launched the eco-friendly aerosol valve system for Nivea Ecodeo product line with 100% recycled aluminum cans.

  1. DuPont de Nemors Inc.,

DuPont de Nemors Inc., was founded in 2017, which is headquartered in Wilmington, Delaware, USA. DuPont is an American multinational company. DuPont is the developer of polymers like nylon, neoprene, Teflon, kapton, and others. DuPont also develop chemicals like chlorofluorocarbons, paints, and synthetic pigments.

  1. Royal Dutch Shell Plc.

Royal Dutch Shell, was founded in 1907, which is headquartered in Hague, Netherlands. Royal Dutch Shell is engaged in oil & natural gas production. Royal Dutch Shell operates through upstream, downstream, integrated gas and corporate segments. Royal Dutch Shell offer extraction of natural gas, crude oil, and natural gas liquids.

  1. Harp International Ltd.

Harp International Ltd., was founded in 1991, which is based at Pontypridd in South Wales. Harp International Ltd., offers services which includes, aerosol propellants, foam blowing agents, refrigerants, and refrigeration oil. Harp International Ltd., serves its products in UK and global markets.

Global Aerosol Propellant Market By Company Profile

  • Glenmark Pharmaceuticals Ltd.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Honeywell International Inc.
  • Unilever plc.*
  • Diversified CPC International
  • The Chemours Company
  • Linde Plc.
  • Beiersdorf AG
  • DuPont de Nemors Inc.
  • Royal Dutch Shell
  • Harp International Ltd.

“*” marked represents similar segmentation in other categories in the respective section

 

Recent Development:

  • In August 2022, Glenmark Pharma has launched new ‘Ryaltris’ nasal spray used for allergic rhinitis in U.S. Newly launched nasal spray ‘Ryaltris’ distributed by Hikma Pharmaceuticals, a British drug major. Newly launched nasal spray ‘Ryaltris’ is the approved fixed dose combination therapy used for seasonal allergic rhinitis in U.S.
  • In September 2022, Unilever has launched newly natural aerosol deodorant brand Schimdt’s with its first ever campaign in New Zealand & Australia. Newly launched natural aerosol deodorant Schimdt’s is the first certified natural aerosol deodorant.

Global Aerosol Propellant Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Aerosol Propellants  Market, By Type
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Liquefied Gas Propellants
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Compressed Gas Propellants
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  6. Aerosol Propellants  Market, By Application, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Pharmaceutical
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Healthcare
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Household
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Industrial
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Personal Care
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Food & Beverage
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  7. Aerosol Propellants  Market, By Region, 2022 – 2032, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032

 

        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Honeywell International Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Unilever plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Glenmark Pharmaceuticals Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Diversified CPC International
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Chemours Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Linde Plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Beiersdorf AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • DuPont de Nemors Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Royal Dutch Shell
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Harp International Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Aerosol Propellants Market is segmented into type, application, and region.

Aerosol Propellants Market is driven by factors like rising demand for personal care products, cosmetic products, disposable income and rate of urbanization.

By region, the Aerosol Propellants market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements.

The key players operating the Aerosol Propellants Market includes, Honeywell International Inc., Unilever plc., Glenmark Pharmaceuticals Ltd., Diversified CPC International, The Chemours Company, Linde Plc., Beiersdorf AG, DuPont de Nemors Inc., Royal Dutch Shell, Harp International Ltd., and others.