Aerosol Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Aerosol Market is segmented by Can Type (Steel, Aluminum, Plastic, and Other Can Types), Application (Automotive, Personal Care, Food Products, Herbicide, Household Products, Insecticide, Industrial & Technical, Medical, Paints & Coatings, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Aerosol Market Snapshot

Aerosol Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The global aerosol market is estimated to witness a healthy growth, at an estimated CAGR of over 5%, over the forecast period. The major factors driving the growth of the market studied are increasing demand for aerosol cans from paints & coatings industry and increasing awareness related to hygiene & personal care. 

  • Stringent regulations related to use of aerosol are likely to hinder the markets growth.
  • Product innovation & increasing investments in medical industry are likely to create opportunities for the market in the coming years.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.

Scope of the Report

The global aerosol market report includes:

Can Type
Steel
Aluminum
Plastic
Other Can Types
Application
Automotive
Personal Care
Food Products
Herbicide
Household Products
Insecticide
Industrial & Technical
Medical
Paints & Coatings
Other Applications
Geography
Asia-Pacific
China
India
Japan
Thailand
Australia
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Russia
Turkey
NORDIC Countries
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Usage in the Automotive Applications

  • Aerosol finds a number of applications in automotive industry in the form of cleaners, lubricant cans, ignition sealer, etc.
  • Aerosol cleaners are used for cleaning brake, carburetor, or fuel-injection air intake, battery terminal, electric motor, carb & choke, electronic, etc., in vehicles. Besides this, aerosol degreasers are also used for chain lube citrus, engine, and other general purposes. Aerosol containers and cans are also used for storing automotive lubricants, polishes, etc.
  • In addition, the increasing concerns related to environment pollution and continuous research & innovation in the industry has led to the evolution of new car markets for electric, fuel cells, and hybrid vehicles. Automakers, such as Tesla, BMW, Nissan Motor Corporation, Chevrolet, Kia Motors, and others, have been producing electric vehicles.
  • Moreover, the governments across the globe have been promoting the market for pollution free vehicles. This is further likely to increase automotive production in the coming years. Hence, an expected increase in the production of vehicles is projected to increase the demand for aerosol automotive products, further driving the growth of aerosol market during the forecast period.
Aerosol Market - Segmentation

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific is expected to witness strong growth in the demand for aerosol, driven by increasing demand for personal care products, increasing investments in the medical industry, and increasing automotive production in the region.
  • In Asia-Pacific, China is expected to witness noticeable growth in the demand for aerosol during the forecast period, owing to the robust demand from the automotive industry, increasing furniture production & exports, and increasing construction and architectural projects, which is further likely to increase the demand for paints & coatings.
  • China accounts for almost 40% of the global furniture production. The production is further increased at a rapid rate, owing to the rising domestic demand, coupled with increasing export to European countries. This is anticipated to increase the demand for aerosol paints, varnishes and polishes from furniture industry in the coming years.
  • China is majorly focusing on increasing the production and sale of electric vehicles in the country. For this purpose, the country has planned to increase the production of electric vehicles (EVs) to 2 million a year by 2020 and 7 million a year by 2025.
  • The target, if achieved will increase the share of electric vehicles to 20% of total new car production for China by 2025. Such anticipated increase in the automotive production in the country is likely to increase the demand for automotive aerosol products in the coming years, further driving the demand for aerosol market.
Aerosol Market - Regional Trend

Competitive Landscape

The aerosol market is partially consolidated in nature. Some of the major players in the market include Akzo Nobel N.V., Unilever, Henkel AG & Co. KGaA, Honeywell International Inc., and Procter & Gamble, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand For Aerosol Cans from Paints & Coatings Industry

      2. 4.1.2 Increasing Awareness Related to Hygiene & Personal Care

    2. 4.2 Restraints

      1. 4.2.1 Stringent Regulations Related to Use of Aerosol

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Can Type

      1. 5.1.1 Steel

      2. 5.1.2 Aluminum

      3. 5.1.3 Plastic

      4. 5.1.4 Other Can Types

    2. 5.2 Application

      1. 5.2.1 Automotive

      2. 5.2.2 Personal Care

      3. 5.2.3 Food Products

      4. 5.2.4 Herbicide

      5. 5.2.5 Household Products

      6. 5.2.6 Insecticide

      7. 5.2.7 Industrial & Technical

      8. 5.2.8 Medical

      9. 5.2.9 Paints & Coatings

      10. 5.2.10 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 Thailand

        5. 5.3.1.5 Australia

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Spain

        6. 5.3.3.6 Russia

        7. 5.3.3.7 Turkey

        8. 5.3.3.8 NORDIC Countries

        9. 5.3.3.9 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AkzoNobel N.V.

      2. 6.4.2 BALL CORPORATION

      3. 6.4.3 Crown

      4. 6.4.4 Colep UK Ltd

      5. 6.4.5 Crabtree & Evelyn

      6. 6.4.6 Henkel AG & Co. KGaA

      7. 6.4.7 Honeywell International Inc.

      8. 6.4.8 Impress Group BV

      9. 6.4.9 Procter & Gamble

      10. 6.4.10 PPG Industries, Inc.

      11. 6.4.11 Reckitt Benckiser Group Plc.

      12. 6.4.12 S. C. Johnson & Son, Inc.

      13. 6.4.13 Thymes, LLC

      14. 6.4.14 Unilever

      15. 6.4.15 Valspar

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Product Innovation & Increasing Investments in Medical Industry

**Subject to Availability

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Frequently Asked Questions

The Aerosol Market market is studied from 2016 - 2026.

The Aerosol Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

AkzoNobel N.V., Henkel AG & Co. KGaA, Honeywell International Inc., Procter & Gamble are the major companies operating in Aerosol Market.

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