The global aerosol market size is expected to grow to reach USD 131.9 billion in 2030, registering a CAGR of 6.6% during the forecast years from 2022 to 2030. The growing demands and consumption of daily personal care products like body sprays, hair sprays, shaving creams, and deodorants are positively impacting the market growth. Owing to its convenient properties for usage and its aesthetic designs, aerosol-based product packaging is of attraction for various end-use industries.
The increasing demand for aerosol-based products like household, personal care, medical, industrial, and automotive products from various end-use industries is expected to drive market growth significantly. The usage of aerosol paints is increasing remarkably, especially for automotive and architectural paint applications. In addition to its aesthetic appeal, the ease of application and uniform propulsion are some of the major driving factors for the increasing demand in automotive and architectural paint end-use industries.
The product demand is further expected to be fueled by the rapid expansion of the construction sector in developing countries like China, India, Vietnam, and Indonesia. Rapid urbanization along with developments in infrastructure in the economies of Asia Pacific is predicted to drive aerosol paints and household products demand significantly. Furthermore, the introduction of EPA (Environment Protection Agency)-approved aerosol cleaning products is projected to fasten the aerosol market growth.
The global rise in respiratory disease cases like Chronic Obstructive Pulmonary Disease (COPD), and asthma over the past several years mainly because of the changing lifestyle and increasing geriatric population is driving the demand for aerosol-based inhalers and other treatment equipment, influencing the market growth positively. Additionally, the growing awareness of hygiene maintenance is boosting the expansion of household products and equipment like sanitizers, cleaners, and air fresheners. The expanding demand from Asia Pacific is significantly motivating aerosol manufacturers to boost their production.
Aerosol Market Report Key Takeaways
- Owing to the extensive use of products containing aerosols like hair sprays, hair mousses, and deodorants due to their conveniences, the personal care product segment registered the largest revenue share in 2021
- Asia Pacific is predicted to become the fastest-growing regional market during the forecasted period due to the rising penetration of retail, increasing automobile sales, and expanding construction activities
- Owing to the growing preference for greases and oils which are aerosol-based by the automobile service stations, the automotive and industrial application segment is projected to expand at a steady CAGR over the forthcoming years
- The escalating automobile production in countries like the U.S., Brazil, China, Mexico, Malaysia, Hungary, and Indonesia is anticipated to fuel the demand in the next nine years for paints and coatings for automotive vehicles
- The demand in the medical applications segment is projected to elevate as a result of the increasing consumption of pain relief sprays, especially in the sports fraternity to treat on-field injuries
- Slow-moving growth is projected to be witnessed by the market in Europe over the forthcoming years due to the strict regulations on Volatile Organic Compounds (VOC) emissions which is imposed by the European Commission and EPA (Environmental Protection Agency)
Aerosol Market Segments
- Aerosol Material Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)
- Aerosol Type Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)
- Aerosol Application Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)
- Personal Care
- Deodorants
- Hair Mousse
- Hair Spray
- Shaving Mousse/Foam
- Suncare
- Others
- Household
- Insecticides
- Plant Protection
- Air Fresheners
- Furniture & Wax Polishes
- Disinfectants
- Surface Care
- Others
- Automotive & Industrial
- Greases
- Lubricants
- Spray Oils
- Cleaners
- Food
- Oils
- Whipped Cream
- Edible Mousse
- Sprayable Flavours
- Paints
- Medical
- Inhaler
- Topical Application
- Others
- Aerosol Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- U.K.
- Germany
- France
- Italy
- Asia Pacific
- Central & South America
- Middle East & Africa
- List of Key Players in the Aerosol Market
- Proctor & Gamble
- Reckitt Benckiser
- Unilever
- Honeywell International Inc.
- SC Johnson & Son Inc.
- Henkel
