Market Size of Aerosol Propellants Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 10.41 Billion |
| Market Size (2029) | USD 13.43 Billion |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Europe |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aerosol Propellants Market Analysis
The Aerosol Propellants Market size is estimated at USD 10.41 billion in 2024, and is expected to reach USD 13.43 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The COVID-19 pandemic negatively affected the aerosol propellants market. The raw materials used to produce propellants are mainly obtained from crude oil. Due to the pandemic, the lockdown across the globe adversely affected the price of crude oil and caused a price fluctuation in the market. These factors affected the market for aerosol propellants. However, post-COVID-19 pandemic, the market registered significant growth due to rising demand for aerosol propellants in personal care, household, medical, and automotive industries.
- The growing demand from the personal care industry and the increasing applications of aerosol propellants in the food and beverage industry are expected to drive the market.
- Stringent government regulations on the use of aerosols are expected to hinder the market growth.
- The rising demand for eco-friendly propellants is expected to create opportunities for the market during the forecast period.
- The European region is expected to dominate the market. It is also expected to register the highest CAGR during the forecast period due to rising demand for aerosol propellants in personal care, household, and medical applications.
