Market Trends of Aerosol Cans Industry
Automotive Industry to be the Fastest Growing End User
- With the increase in the requirement for aerosol cans in the automotive sector, aerosol sales are increasing worldwide. Industrial aerosols are used extensively in the automotive industry in various applications such as engine degreasing, vehicle polishing, friction and wear lessening, and lubrication.
- The burgeoning sales of vehicles around the globe are predicted to cause a surge in the automotive aftermarket in the future years, which will, in turn, push up the requirement for aerosol cans in the automotive segment.
- The demand for aerosol cans is increasing with the growing production and sales of passenger cars, commercial vehicles, three-wheelers, two-wheelers, and quadricycles as more lubricants and oils are in demand, which are sold in aerosol cans.
- For instance, according to Scotia Bank, the number of cars sold globally in 2022 was 67.3 million, reaching 75.3 million in 2023. Also, according to ACEA, Germany remained the largest passenger car market in European Countries in 2023; German customers bought over 2.84 million units in 2023.
- Increasing consumer awareness regarding the appearance and maintenance of vehicles is driving the need for products like spray paints and automotive cleaning agents. Due to the ease of handling aerosol cans for several maintenance activities and the demand for comfort in using the product, many players focus on producing the products in the form of aerosol containers.
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Europe is Expected to Hold Significant Market Share
- The increasing use of aerosol cans in the perfume and scent industry is a significant factor in the growth of the French perfume and scent market. The French fragrance industry is one of the most popular segments of the global cosmetics industry. The fragrance market in France has witnessed substantial growth over recent years. The increase results from ongoing innovation in terms of new product launches. Extensive research, development, and collaboration by the world’s leading perfume producers drive the fragrance industry.
- Aluminum is a highly recyclable material, and an increase in its production revenue will incentivize further investments in recycling infrastructure and sustainability initiatives within the aluminum and metal packaging industries. This can enhance the eco-friendly profile of metal packaging products, appealing to environmentally conscious consumers and driving market growth.
- Demand for aerosol cans is driven by increased consumer packaging awareness and expanding packaging standards in France. According to published data from Eurostat, the revenue from aluminum production in France is projected to amount to approximately USD 6.824 billion by 2025. As the revenue of aluminum production grows, it's likely that there will be an increase in the supply of aluminum. This can lead to greater availability of aluminum for metal packaging production, ensuring a stable supply chain for manufacturers in the metal packaging market.
- With Germany's growing automotive and personal care industry, the country's demand for aerosol cans is increasing. Steel cans are widely recognized worldwide as an excellent packaging solution for paint and coatings. They are robust and can offer the kind of protection a chemical product, such as paint, needs. In addition, they have a high diffusion barrier required for special high-solvent paints.
- The market is also expected to grow broadly with the expansion of the machinery industry, including general machinery, electronic motors, vehicles, precision appliances, etc. Pressurized aerosol sprays clean, maintain, and service electrical and electronic components, switches, and circuit boards. According to data from advanced countries such as Germany, Japan, and the United States, the machinery industry accounts for about half of the manufacturing industry.
- With the trend of massive consumption of products in automotive, personal care, and more in the country and growing environmental concerns, consumers are demanding aerosol cans with less ecological impact. Owing to various advantages, such as rigidity, stability, and high barrier properties, aerosol cans can often store products with a longer shelf life.
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