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Aerosol market is anticipated to witness tremendous growth generating more than $90 Billion in revenues by 2023, and is expected to grow at a CAGR of more than 3% during 2018-2023. Personal care was the largest application segment globally in 2017.
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Aerosol Market 2018 - 2023 The European Aerosols Market is projected to reach $41 billion in 2023 at a CAGR of 2.85%.
Europe held the largest market share in the Aerosol Market Europe remains the prominent region for the growing demands for Aerosols Market, owing to the significant growing consumption of personal care products in countries such as Germany and the UK. The key end user markets in Europe are personal care, household products, food, and medical devices. Cosmetics and household products represent approximately 80% of the European production share. Countries such as the UK, Germany, Italy, and France hold the key manufacturing hubs. The European Aerosols Market is projected to reach $41 billion in 2023 at a CAGR of 2.85%. Contact: sales@industryarc.com
Selected Value Chain Analysis done in the full report The patents for aerosol were granted across many application areas, including personal care, medical applications, food & beverages along with other niche sectors and processes. Moreover, new developments and inclined investments into the R&D department has also led to this increase in new patent registrations. Many individuals as well as small organizations have also filed a considerable number of patents. However, encouraging consumers to swap traditional products for aerosol based products is a major challenge for product penetration. Contact: sales@industryarc.com
Excerpts on Market Growth Factors • Personal Care has been identified as the major growth driver for the market and deodorants is one of the major revenue generators as it contributed a major chunk to the personal care market. Also, convenience coupled with growing consumer demands for aerosol products are set to drive the market in the coming future. • Adding to the above, spray paints in construction and automobile industry is another application area. Automotive aerosols are used as brake cleaners and fuel-engine intake cleaners. The only disadvantage of these cleaners are emissions of Volatile Organic Compounds. The Volatile Organic Compounds list encompasses numerous elements from propane to DICHLOROBENZENE • Aerosols need no introduction as the populace very well connects with the protection of the products that are free from external contamination. This, coupled with the property of the packaging being completely recyclable, makes aerosol a unique delivery system. Contact: sales@industryarc.com
Key players of Aerosol Market: SC Johnson & Son Inc. is considered as the market leader, deploying umpteen aerosol solutions. The family company accounts for the highest market share in total aerosol air-freshener revenue and is the predominant player. Download Sample Report Contact:sales@industryarc.com
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About IndustryARC • IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. • IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact: sales@industryarc.com