Aerosol Valves Market Size, Share & Trends Analysis Report By Application (Household, Food, Personal Care, Automotive & Industrial, Food, Paints, Medical), By Region (North America, APAC, Europe), And Segment Forecasts, 2019 - 2025

Industry Insights

The global aerosol valves market size was valued at USD 1.23 billion in 2018 and is expected to register a CAGR of 4.2% over the forecast period. Increasing product penetration in the medical industry is expected to boost the market growth. Increasing the use of pain relief sprays, asthma inhalers, and other types of sprays, which are used to treat pain, sunburn, insect bites, and itching problems are expected to increase the product demand over the forecast period. Also, the rising demand for aerosol cans for the packaging of such products on account of easier use is anticipated to drive the market.

The presence of major personal care products manufacturing companies, such as Estee Lauder, Johnson & Johnson, and Procter & Gamble, in the U.S., is anticipated to have a positive impact on the aerosol valves market growth in North America. Constant R&D by these companies is expected to propel the product demand over the forecast period. Valve stems, gaskets, seals, coatings, dip tube, and springs are used as raw materials for the production of aerosol valves.

The prices of the aforementioned products are highly dependent on the demand and supply of metals and polymers. Technological advancement in hydraulic fracturing has resulted in an increased output of shale gas and tight oil in the U.S. and Canada. Extensive research undertaken by the FMCG manufacturers about the use of bio-based polymers in packaging is expected to remain as a crucial factor for industry growth.

Technological development in valves is anticipated to create immense market potential for the product in the future. Various regulations associated with aerosol manufacturing, filling, and product safety are revised throughout the year as the previous legislation and directives are re-appealed with changes in compositions and new products being launched in the market. This stringent regulatory scenario is anticipated to hamper the market growth over the forecast period.

Application Insights

Spray paintings are trending in several regions and practiced on a commercial scale. Thus, the demand for such paints is expected to boost growth over the forecast period. A large scale of infrastructural development in the developing economies is expected to drive the product demand in the construction industry. The household segment is anticipated to witness significant expansion at a CAGR of 4.0%, in terms of revenue, on account of rising demand for aerosol products in this sector.

The product demand in the Europe automotive & industrial segment is expected to register a CAGR of 5.7% from 2019 to 2025. Rising automotive manufacturing owing to increasing disposable income levels, especially in the developing economies, and high replacement rate of petrol/diesel care with hybrid or of electric cars in the developed economies will boost the segment growth. Rising usage of aerosol in the F&B sector is likely to fuel industry growth over the forecast period. Also, the limited reaction of plastic valves with aerosol products is expected to drive growth.

Regional Insights

Europe accounted for 37.3% of the global revenue share in 2018 on account of the presence of a large number of aerosol manufacturers in the region. However, the region is projected to witness limited growth over the coming years on account of the mature industry in major economies, such as Germany, the U.K., and France. Asia Pacific is anticipated to witness the fastest growth at a CAGR of 5.1% from 2019 to 2025 owing to the strong economic growth in countries like India and China. Government initiatives encouraging new investments in the market coupled with growing expenditure on personal care products is expected to drive the region’s growth over the forecast period.

Middle East & Africa is also expected to have significant growth on account of rapid expansion in the petrochemical production capacity in Saudi Arabia and UAE. Besides, the government support for the promotion of new investments is anticipated to boost demand for ethylene and propylene as propellants for the production of aerosol products, thereby complementing market growth. North America is estimated to be the second-largest market, in terms of consumption, owing to rising product demand in personal care products. However, regulations restricting the use of CFC, HCFC, and HFC due to the adoption of the Montreal Protocol restricting GHG emissions, is expected to hamper the region’s growth over the forecast period.

Aerosol Valves Market Share Insights

The global market is characterized by the presence of a large number of domestic manufacturers and a few global companies accounting for a relatively large share of annual global production. These companies compete based on product superiority, innovation, and deploy add-on facilities, such as an aerosol can fillings and valve-actuators assembly. The majority of the product manufacturers have also formed strategic partnerships with large-scale distributors, such as McKernan and Gregg Distributors.

Report Scope

Attribute	Details
The base year for estimation	2018
Actual estimates/Historical data	2014 - 2017
Forecast period	2019 - 2025
Market representation	Volume in Million Units, Revenue in USD Million, and CAGR from 2019 to 2025
Regional scope	North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa
Country scope	U.S., Canada, Mexico, Germany, U.K., France, China, India, Japan, and Brazil
Report coverage	Volume forecast, revenue forecast, competitive landscape, growth factors and trends
15% free customization scope (equivalent to 5 analysts working days)	If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global aerosol valves market report based on application and region:

• Application Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)

  • Personal Care

    • Continuous Valves

    • Metered Valves

    • Others

  • Household

    • Continuous Valves

    • Others

  • Automotive & Industrial

    • Continuous Valves

    • Others

  • Foods

    • Continuous Valves

    • Others

  • Paints

    • Continuous Valves

    • Others

  • Medical

    • Continuous Valves

    • Metered Valves

    • Others

  • Others

    • Continuous Valves

    • Metered Valves

    • Others

• 区域前景(体积,百万单位;收入,USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • Central & South America

    • Brazil

  • Middle East & Africa