04-Jun-2018 | Zion Market Research
With the presence of a large pool of participants, the Global aerosol market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Reckitt Benckiser Group plc, Henkel AG, Unilever PLC, and Proctor & Gamble are some of the key vendors of aerosol across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the aerosol market study.
Citing an instance, in September 2017, over 1500 eminent scientists across the globe attended the tenth international aerosol conference at St. Louis.
As estimated in this report, the global aerosol market stood at US$ 78 billion in 2017. Witnessing a tremendous rise during the period from 2018 to 2024, the revenue in this aerosol market is expected to reach US$ 121.2 billion by the end of the forecast period. The main products available in this aerosol market are sprays, fumes, mists, and dusts. Among them, the demand for dust is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
Browse the full "Aerosol Market by Product (Sprays, Mists, Dusts, and Fumes) for Personal Care, Household, Automotive, Food, Paints and Healthcare applications by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)- Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024" report at http://www.zionmarketresearch.com/report/aerosol-market
Immense Product Applications Across Myriad Sectors To Spur Market Size
“Extensive product application in personal care, healthcare, household, food & beverages, paints and automotive sectors are anticipated to spur the aerosol market size in the years ahead,” says the author of this study. Apart from this, swift infrastructural growth along with rapid urbanization witnessed across developing regions is predicted to prop up the demand for aerosol in the next few years. In addition, massive use of the product as penetrating lubricant oil in construction activities for loosening corrosion of parts & halting squeaks will further favorably influence the expansion of aerosol market.
Side effects of the product on the human health as a result of its application in the cosmetics sector, however, is likely to hinder the growth of aerosol market in the years to come.
Flourishing Automotive Sector To Support North America’s Regional Dominance
Regionally, North America has been leading the worldwide aerosol market and is anticipated to continue on the dominant position in the years to come, states the aerosol market study. Rise in the auto assembly capacity in the countries such as Mexico along with the favorable overview of the automotive sector witnessed in the country is the main factor behind the dominance of the North America aerosol market. The high number of market players being headquartered in North America is another significant factor that is supporting this regional aerosol market. In addition, humungous presence of reputed automobile manufacturers such as General Motors, Fiat, and Ford will further contribute towards use of aerosol paints in vehicular coatings, thereby driving the growth of the regional aerosol market.
The global aerosol market is segmented as follows:
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