Global Aerosol Market to Amount to USD 123.98 Bn by 2025, Predicts Grand View Research in Its Topical Report Published at MarketPublishers.com09 Mar 2017 • by Natalie Aster
LONDON – The world’s aerosol market is set to showcase high growth in the nearest future, with the market size likely to hit the USD 123.98 billion mark by 2025. Robust market growth is driven majorly by such factors as the rising demand for aerosol packaging products, enhancing demand for pharmaceutical products based on aerosols as well as the increasing demand for aerosol-based personal care products. The rising popularity of aerosol-based food products, for instance, spray oils and salad dressings, also gives a remarkable impetus to the global aerosol market growth. Surging concerns about the personal hygiene, growing demand for deodorants (especially in APAC countries) along with new product launches by dominant companies are also amid the major market growth driving forces.
Regarding applications, the household segment accounted for more than 31% of the global market volume in the year 2015, and it is set to keep on demonstrating considerable growth in the short run due to the rising demand for air fresheners and bug sprays. Furthermore, in the medicine segment the demand for aerosols is expected to witness growth at a 5% CAGR during 2016-2025.
Regionally, the APAC aerosol market is likely to demonstrate significant growth at a CAGR of more than 7% through 2025.
Procter & Gamble Co, Unilever and Beiersdorf AG are amid the key players in the world’s aerosol market.
The in-demand report by Grand View Research titled “Aerosol Market Estimates & Trend Analysis By Application, By Region, And Segment Forecasts, 2014 - 2025” includes relevant and trustworthy information on the global market for aerosol products. The study offers a detailed market segmentation analysis (on the basis of products, product types and applications), provides a thorough analysis of the market dynamics, covering the key market growth drivers, challenges and restraints, and also reviews the recent product innovations and product launches. Data on the market penetration and growth prospects, Porter's analysis and PESTEL analysis are available in this research report, too. Moreover, the report highlights the aerosol market shares (regarding regions and end-users), presents future forecasts for the market through 2025 and comprises company profiles of the 9 market participants.
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