Aerosol Valves Industry - Regional Synopsis
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 predicted to account for largest revenue share by 2037, 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.
