Aerosol Valves Market Trends

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.