Transparency Market Research has released a new market report titled "Aerosol, SPF (Spray Polyurethane Foam) and Aerosol Propellants (CFC, Hydrocarbons, DME and Others) Market for Paints, Coatings, Medical and Household Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," which observes that the global aerosol propellants market was valued at USD 16.4 billion in 2012 is expected to reach USD 23.2 billion by 2019, growing at a CAGR of 5.1% from 2013 to 2019.
Browse the full report at http://www.transparencymarketresearch.com/aerosol-propellants-market.html
Increasing consumer awareness towards personal health and hygiene and their growing demand for different products are the major factors which are driving the global market of aerosol. One of the major factors driving the demand for propellants is the steady growth of the global aerosol market. However, various environmental and health risks associated with the use of propellants in aerosol products are expected to be a restraining factor for the market. The aerosol propellants industry is dominated by hydrocarbons and development of innovative, eco-friendly aerosol propellants are expected to offer major growth opportunity for industry participants.
Key applications industries for aerosol include paints and coatings, household products, and medical to auto care, industrial sprays, food, and veterinary among the others. Spray Polyurethane Foam (SPF) is one of the most predominantly used aerosols. SPF is mainly used in paints and coatings industry. Strong demand from paints and coatings industry is expected to trigger growth of SPF and overall aerosol industry in the years to come.
Hydrocarbons including propane, n-butane, and isobutane accounted for over 80% share of the total aerosol propellants market volume in 2012 and are expected to grow at CAGR of 4.5% from 2013 to 2019. Hydrocarbons, due to their lower cost and high compatibility with all the other old and new propellants, are widely used in aerosol products.
In addition, they are on the "Generally Recognized as Safe" (GRAS) list which is another factor expected to drive market growth. With 7.7% share in total volume consumption in 2012, dimethyl ether (DME) was the second largest segment of the aerosol propellants market. Chloro fluoro carbons (CFCs) which accounted for 0.3% share in total volume consumption in 2012 are expected to witness decline in their market share in the years to come. Due to stringent environmental regulations the use of CFC has been phased out from all applications. However a small volume of CFC is still in use as an aerosol propellant and is being traded in the black market.
With over 37% share in total volume consumption in 2012, Europe was the leading regional market for aerosol propellants and is expected to grow at a CAGR of 4.0% from 2013 to 2019. North America was the second largest market for aerosol propellants with 30.7% share in total volume consumption in 2012. Asia Pacific is expected to be the fastest growing region over the next six years, due to rising consumer income, increasing awareness, changing lifestyles and increasing demand for aerosol products.
U.S. was the largest aerosol propellants consuming country in 2012, followed by China and Germany. The global aerosol propellants market was highly fragmented and consists of a large number of small and medium scale manufacturers. In this highly dynamic industry, distribution plays a very important role and is the key to success. Lindal, Aeropres and Diversified CPC International are among the major players in this market.
Increase in consumption of aerosol propellants in paints and coatings, medical and household applications are fueling the demand for aerosol propellants. Steady and consistent demand from the aerosol industry is expected to be a major growth engine for the global aerosol propellants market. Propellants are the chemical used in an aerosol container to generate pressure that pushes the contents out of a nozzle once released; therefore it is one of the key ingredients in aerosol sprays. This report segments the aerosol propellants market based on applications, regions and product segments and provides forecast and estimates for each sub-segment.
The report presents supply and demand characteristics of aerosol propellants and applications by providing a detailed forecast from 2013 to 2019 along with revenues and volumes analysis. It provides the opportunities for aerosol propellants market available in near future information along with latest trends, driving and restraining factors influencing the market. Based on the type aerosol propellants market can be categorized into different segments such as CFC; hydrocarbons (propane, n-butane and isobutane); dimethyl ether (DME) and methyl ethyl ether; nitrous oxide and carbon dioxide. Hydrocarbon was the dominating aerosol propellants product segment in terms of consumption across the world.
Browse the full report with TOC at http://www.transparencymarketresearch.com/aerosol-propellants-market.html
The report presents supply and demand characteristics of aerosol propellants and applications by providing a detailed forecast from 2013 to 2019 along with revenues and volumes analysis. It provides the opportunities for aerosol propellants market available in near future information along with latest trends, driving and restraining factors influencing the market. Based on the type aerosol propellants market can be categorized into different segments such as CFC; hydrocarbons (propane, n-butane and isobutane); dimethyl ether (DME) and methyl ethyl ether; nitrous oxide and carbon dioxide. Hydrocarbon was the dominating aerosol propellants product segment in terms of consumption across the world.
Browse the full report with TOC at http://www.transparencymarketresearch.com/aerosol-propellants-market.html
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