E-liquid Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Adoption of Safer Smoking Alternatives Worldwide
- Increasing Availability of E-Liquids with Less Toxicants
Challenges
- Stringent Regulations Regarding Usage of E-Liquids
E-liquid Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
13.5% |
|
Base Year Market Size (2024) |
USD 2.12 billion |
|
Forecast Year Market Size (2037) |
USD 11 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of E-liquid is estimated at USD 2.36 billion.
E-liquid Market size was valued at USD 2.12 billion in 2024 and is likely to cross USD 11 billion by 2037, expanding at more than 13.5% CAGR during the forecast period i.e., between 2025-2037.
North America industry is estimated to dominate majority revenue share by 2037, on the back of strong presence of major companies and rising popularity of vaping devices.
The major players in the market are Breazy Inc, Black Note, Inc, BSMW Ltd., Crystal Canyon Vapes LLC, Molecule Labs, Inc, and others.
