NEW YORK, Feb. 17, 2016 /PRNewswire/ -- Aerosol propellants are categorized into varied types based on their functionalities, such as DME, HFC, HFO, other hydrocarbons, and others. Other hydrocarbons are advantageous in terms of low cost, stability & purity, wide range of vapour pressure, low toxicity, and environment friendly characteristics as compared to other propellants.
Europe is a global leader in the consumption of aerosol propellants and this dominance is expected to continue till 2020. Germany, France, and the U.K. are the key countries in this region, consuming more than 65% of the demand for aerosol propellants in Europe. The Asia-Pacific market is expected to grow at the highest CAGR from 2015 to 2020 owing to increase in total disposable income and changing lifestyle of consumers in this region.
Personal care and household are two major applications of the aerosol propellant market. In the personal care industry, propellants are utilized in the manufacturing of deodorants/antiperspirants, hair mousse, hairsprays, shaving mousse, gels, and other body care products. In the household industry, aerosol propellants are used in insecticides, textile/fabric care, air fresheners, furniture/waxes, oven cleaners, bathroom & kitchen cleaning mousse, and other products. The household application segment is expected to grow at the highest CAGR during the forecast period owing to increase in consumption of household products.
This study estimates the market value for aerosol propellant during the forecast period (2015 to 2020). As a part of quantitative analysis, the study segments the market by the different application of aerosol propellants at country level, with the current market estimation and forecast till 2020. Major countries covered in this report include China, Japan, India, Brazil, Germany, the U.K., France, Italy, Spain, Poland, Canada, Mexico, and the U.S. On the basis of type, the market is classified into DME, HFC, HFO, other hydrocarbons, and others. Similarly, by application this market is classified into personal care, household, medical, and others.
Further, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, challenges, and regulations. It also discusses competitive strategies adopted by different market players, such as BOC (U.K.), Grillo-Werke AG (Germany), Honeywell International Inc. (U.S.), Royal Dutch Shell Plc (Netherlands), and Arkema Group (France).
With the given market data, MarketsandMarkets offers customizations as per the company's specific needs.
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This report covers the following key aspects:
- What will be the market size by 2020 and what will be the growth rate
- What are the key market trends
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- What are the challenges that impact market growth
- Who are the key players in this market
- Global report covers key regions such as North America, Europe, and Asia-Pacific with their major countries
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