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Aerosol Valves Market size was valued at USD 1.47 billion in 2023 and is expected to reach USD 2.27 billion by 2036, registering around 3.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of aerosol valves is assessed at USD 1.51 billion.
The global aerosol valves market is anticipated to witness a mammoth growth owing to the rising demand for aerosols used for household cleaning, coupled with the rising demand for personal care products, which is raising the need amongst the manufacturers of aerosol products to consume more amount of aerosol valves in their packaging process of the aerosol products.
Aerosols are sold in the form of shaving creams, face & body creams, deodorants, hairsprays, where aerosol valves are extensively used. Rising consumer preference for cosmetics with convenient applications is fueling the demand for aerosols which in turn is anticipated to promote the growth of the market for aerosol valves. Moreover, on account of the changing consumer lifestyle, advances, and innovations in the cosmetic industry are estimated to support the growth of the market over the coming years.
Growth Drivers
Rapid Rising of Healthcare and Personal Care Industry
According to the World Health Organization, global spending on health grew by 3.9% per year in real terms from 2000 to 2017. Additionally, it also stated that the spending on health grew significantly from US$ 7.6 trillion in 2016 to US$ 7.8 trillion in 2017. The growing spending on health globally is also anticipated to promote the use of healthcare products which use aerosol valves in various product forms. An aerosol is generally used in personal healthcare and cosmetics products such as deodorants, hairsprays, shaving creams, face & body creams, which are estimated to support the growth of market. Additionally, the rising demand for aerosols used for household cleaning is anticipated to fuel the growth of the market over the forecast period.
Challenges
Availability of Alternatives
Fluctuations in the prices of raw materials used to manufacture aerosol valves and the availability of alternatives in terms of packaging and price, coupled with factors such as the disposal of aerosol valves and the environmental concerns are some of the factors expected to hinder the growth of the market over the forecast period.
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
3.4% |
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Base Year Market Size (2023) |
USD 1.47 billion |
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Forecast Year Market Size (2036) |
USD 2.27 billion |
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Regional Scope |
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The market is segmented by type and application. Among these segments, the type segment is further sub-divided into metered and continuous, out of which, the continuous segment is anticipated to hold the leading shares in the aerosol valves market on account of high durability, user-friendly, and high recycling rates, coupled with the rising concerns about safety and hygiene. On the other hand, the metered segment is estimated to witness a modest growth over the forecast period owing to the use of convenience in asthma inhalers and respiratory equipment, along with the rising respiratory disorders, such as, asthma, pneumonia and others. On the contrary, the personal sub-segment of the application segment is anticipated to hold the largest share of the market over the forecast period.
Our in-depth analysis of the global market includes the following segments
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By Type |
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By Application |
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On the basis of regional analysis, the global aerosol valves market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America industry is anticipated to account for largest revenue share by 2036, owing to high disposable income among the individuals in the region, which helps to promote an urban lifestyle, and in turn helps to raise the demand for personal care, automotive, healthcare, and food products. Moreover, increasing awareness amongst the citizens of the region regarding product wastage and recycling of containers, coupled with the economic growth, dynamic consumer preferences for high-quality and convenient packaging, and the increasing competition among manufacturers are also anticipated to drive the growth of the market in North America. The market of Middle East & Africa is expected to have a modest growth over the forecast period on account of rapid expansion in the petrochemical production capacity in Saudi Arabia and UAE, along with the government support for the promotion of new investments is anticipated to boost demand for ethylene and propylene as well as other propellants which are used in the production of aerosol products, thereby complementing the market growth.
April 2020: AptarGroup, Inc. announced that it has mobilized its resources and has reorganized its production priorities to deliver essential supplies in dispensing and packaging solutions to customers. The move has benefitted manufacturers of health and safety products to initiate their production process for the first-line responders, which has ultimately helped to fight against the coronavirus pandemic.
December 2019: Coster Tecnologie Speciali S.p.A. announced that it has acquired the company which is specialized in metal anodization, Catidom SAS. The acquisition move by Coster would help the organization in expanding its product portfolio in luxury packaging in the international markets.
Author Credits: Abhishek Anil
Copyright © 2024 Research Nester. All Rights Reserved
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