Among the various applications, the personal care segment held the largest share in the global aerosol market in 2015, and it is anticipated to retain its dominance during the forecast period. However, the insecticides application segment is anticipated to witness the fastest growth during 2016 – 2022, owing to increasing demand for pest control products in household and commercial sector as well. Moreover, the automotive, and paint and varnishes segments have been the emerging application segments in global aerosol market in 2015. The personal care application segment was valued at 6,810.6 million units and $19,857.6 million in 2015 and it is anticipated grow at a CAGR of 6.6%, during the forecast period. Moreover, among the various application segments, the insecticides segment is expected to be the fastest growing segment, during the forecast period.
The global aerosol market was estimated at $19,857.6 million in 2015, and it is expected to grow at a CAGR of 6.2% during 2016 – 2022. In terms of volume, Europe accounted for the largest share in the global aerosol market with 5,948.8 million unites consumed in 2015. The major reason behind the growth of the market in the region 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, thus boosting the overall aerosol market in the region.
The key companies operating in the global aerosol 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 UK Ltd.
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