Aerosol Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Aerosol Market Growth and it is segmented by can type (steel, aluminum, plastic, and other can types), application (automotive, personal care, food products, herbicide, household products, insecticide, industrial and technical, medical, paints and coatings, and other applications), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The market size and revenue forecasts are Provided (in USD million) for all the above segments.

Aerosol Market Size

Single User License
Team License
Corporate License
Book before:
Aerosol Market Summary
share button
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Aerosol Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

OFF

Team License

OFF

Corporate License

OFF
Book before:

Aerosol Market Analysis

The aerosol market is estimated to register healthy growth, with an estimated CAGR of over 5%, during the forecast period.

In 2020, COVID-19 hurt the growth of the aerosol market as a whole because it messed up the supply chain and put a temporary stop to production.However, the rising consumption of aerosols in personal care products has propelled industry growth post-pandemic.

  • The major factors driving the growth of the market studied are the increasing demand for aerosol cans from the paint and coatings industry and rising awareness related to hygiene and personal care.
  • Stringent regulations related to the use of aerosols are likely to hinder the growth of the market.
  • Product innovation and increasing investments in the medical industry are likely to create opportunities for the market in the coming years.
  • The Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Aerosol Market Trends

Increasing Usage in the Automotive Applications

  • Aerosol is used in the auto industry to make things like cleaners, lubricant cans, ignition sealers, and so on.
  • Aerosol cleaners are used to clean things in cars like the brakes, carburetors, fuel-injection air intake, battery terminals, electric motors, carb & choke, electronics, etc. Besides this, aerosol degreasers are also used for chain lube, citrus, engines, and other general purposes. Aerosol containers and cans are also used for storing automotive lubricants, polishes, etc.
  • Also, growing concerns about pollution and the fact that the industry is always researching and coming up with new ideas have led to the growth of new markets for electric, fuel cell, and hybrid cars. Tesla, BMW, Nissan Motor Corporation, Chevrolet, Kia Motors, and other automakers have all produced electric cars.
  • In FY22, India's annual production of automobiles was 22.93 million vehicles. Additionally, in October 2022, the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles was 2.19 million units. India could be a leader in shared mobility by 2030, providing opportunities for electric and autonomous vehicles.
  • In the United States, the total value of the car and automobile manufacturing market will be $100.9 billion in 2022. Additionally, in 2021, around 9.2 million vehicles were anticipated to be produced. In February 2023, around 1.16 million units of new vehicles were sold, an increase of 9.0% from January 2023.
  • Moreover, 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 the aerosol market during the forecast period.
Aerosol Market: Automotive Production, in Million Units, United States, 2017-2021

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 consists of around 60% of the entire coatings volume of Asia Pacific region, according to the American Coatings Association. Rapid urbanization during this period has spurred the domestic paints and coating industry.
  • China accounts for almost 40% of 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 the furniture industry in the coming years.
  • Furthermore, the Indian furniture market was valued at USD 17.4 billion in FY21. The demand for furniture has been observed to majorly generate from northern and southern India. Additionally, India's top export destinations include the United States, Germany, France, the United Kingdom, the Netherlands, and Australia.
  • 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 7 million a year by 2025. The target, if achieved will increase the share of electric vehicles to 20% of total new car production in China by 2025.
  • Therefore, such growth in the automotive, paints and coatings, and furniture industries is likely to increase the demand for aerosol products in the coming years, further driving the demand for the aerosol market.
Aerosol Market - Growth Rate by Region

Aerosol Industry Overview

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 (not in any particular order).

Aerosol Market Leaders

  1. AkzoNobel N.V.

  2. Henkel AG & Co. KGaA

  3. Honeywell International Inc.

  4. Procter & Gamble

  5. Unilever

*Disclaimer: Major Players sorted in no particular order

Aerosol Market Concentration
bookmark Need More Details on Market Players and Competitors?
Download PDF

Aerosol Market News

  • December 2022: Honeywell announced its Baton Rouge, LA., facility has doubled the production capacity of Honeywell Solstice ze (HFO-1234ze), an ultra-low-global-warming-potential (GWP) and energy-efficient solution compared to other current technologies. Solstice ze is used in foam insulation, as an aerosol propellant, and in refrigeration and air conditioning applications.
  • June 2022: Ball Corporation launched its most sustainable aluminum aerosol can globally, with only half the carbon footprint of a standard can. This will help support Ball's ambition to achieve its 2030 science-based targets and net-zero emissions prior to 2050.

Aerosol Market Report - 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 Forces 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 (Market Size in Value)

    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 and Technical

      8. 5.2.8 Medical

      9. 5.2.9 Paints and 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 Turkey

        7. 5.3.3.7 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 (%)**/Ranking 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
bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Aerosol Industry Segmentation

Aerosols are extremely tiny solid particles or liquid droplets suspended in the atmosphere. It consists of solid particles that can be placed in the atmosphere primarily by large dust storms, volcanic eruptions, or soot particles from large fires. The market is segmented by can type, application, and geography. By can type, the market is segmented into steel, aluminum, plastic, and other can types. By application, the market is segmented into automotive, personal care, food products, herbicide, household products, insecticide, industrial and technical, medical, paints and coatings, and other applications. The report also covers the market size and forecasts for the aerosol market in 18 countries across major regions. The market sizing and forecasts for each segment have been done on the basis of revenue (USD million).

Can Type
Steel
Aluminum
Plastic
Other Can Types
Application
Automotive
Personal Care
Food Products
Herbicide
Household Products
Insecticide
Industrial and Technical
Medical
Paints and 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
Turkey
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
customize-icon Need A Different Region Or Segment?
Customize Now

Aerosol Market Research FAQs

The Aerosol Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

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

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Aerosol Market.

The report covers the Aerosol Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aerosol Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Aerosol Industry Report

Statistics for the 2024 Aerosol market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aerosol analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Aerosol Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)