Research and Markets - Global Metal Aerosol Can Market Value of USD 3.81 Billion by 2024 - Trends, Technologies & Opportunities Report 2016-2024 - Vendors: Crown Holdings, Ardagh Group
DUBLIN, October 20, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Metal Aerosol Can Market Analysis By Application (Personal Care, Household) And Segment Forecasts To 2024" report to their offering.
The global metal aerosol can market is forecast to reach a value of USD 3.81 billion by 2024.
Increasing demand for portable household products such as insecticides and bug sprays is likely to drive the demand for the product over the projected period. In addition, increasing demand for food & beverage, auto care, and industrial aerosol products majorly due to rising disposable income coupled with population growth is expected to drive the demand for such containers. Furthermore, the growth of the end-use industries such as automotive and cosmetics is expected to drive the demand for the product over the projection period. However, concerns regarding toxicity of the propellants used in such containers are expected to act as a major restraint for industry growth.
Personal care accounted for over 55% of the total revenue due to substantial demand for the product for deodorants, dry shampoos, body sprays, and hair color sprays. In addition, growing consciousness regarding personal hygiene is expected to drive the demand for personal care aerosol cans over the projection period.
Europe accounted for over 35% of the consumption volume in 2015 due to high demand for personal care and household products coupled with the presence of a large number of propellant fillers. In addition, the demand for the product is expected to be driven by flourishing automotive industry in Germany.
Asia Pacific is expected to register a CAGR growth of over 5% from 2016 to 2024 owing to increasing disposable income coupled with rapid development of the application industries. The abundance of low-cost raw material coupled with the presence of a dominant manufacturing base primarily in China is expected to lower the production cost of the product, leading to increased demand.
Key participants include Ball Corporation, Crown Holdings Inc., and The Ardagh Group. Crown Holdings introduced EarthSafe Dispensing system that replaced hydrocarbons with compressed air as the propellant in a bid to provide an environment-friendly cans. The company also produced a bi-compartmented technology that prevents interaction between the propellant and product.
Companies Mentioned:
- Ball Corporation
- Crown Holdings Inc.
- The Ardagh Group.
Report Structure:
1. Methodology and Scope
2. Executive Summary
3. Metal Aerosol Cans Industry Outlook
4. Metal Aerosol Cans Application Outlook
5. Metal Aerosol Cans Regional Outlook
6. Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/5mpn3l/metal_aerosol_can
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SOURCE Research and Markets
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