The Global Aerosol Valve Market Size accounted for USD 1,578 Million in 2021 and is estimated to achieve a market size of USD 2,277 Million by 2030 growing at a CAGR of 4.3% from 2022 to 2030. Increased product adoption in the healthcare industry is projected to drive the aerosol valve market growth. Furthermore, the widespread usage of stainless steel-based aerosol valves due to their significant advantages, such as high potential, corrosion, & heat resistance, is favorably boosting the growth of the aerosol valve market value.
Aerosol Valve Market Report Key Highlights
Aerosol valves are pressure-sprayed liquid or gas sprayers that are installed on containers or equipment. They use a mechanical or electromechanical actuator to control and dispense the material in user-defined amounts. Aerosol valves come in a variety of configurations, including metered & continuous. They are made up of dip tubes, seals, dip tubes, springs, and gaskets that allow the material to exit the container in the form of a thin spray. They help to keep containers neat, sealed, and sanitary while also controlling the flow of products while in use. As a consequence, aerosol valves are widely used in the healthcare, automobile, and care products industries.
Global Aerosol Valve Market Trends
Aerosol Valve Market Report Coverage
|Aerosol Valve Market
|Aerosol Valve Market Size 2021
|USD 1,578 Million
|Aerosol Valve Market Forecast 2030
|USD 2,277 Million
|Aerosol Valve Market CAGR During 2022 - 2030
|Aerosol Valve Market Analysis Period
|2018 - 2030
|Aerosol Valve Market Base Year
|Aerosol Valve Market Forecast Data
|2022 - 2030
|By Product Type, By Application, And By Geography
|North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|Key Companies Profiled
|Precision Valve Corporation, Aptar Group, CosterTecnologieSpeciali, Mitani valve, LINDAL Group Holding, Summit Packaging Systems, Clayton Corp., Newman Green, and KOH-I-NOOR MladáVožicea.s.
|Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
The growing demand for aerosol-based products in the healthcare, personal care, and home care industry is supplementing the market for aerosol valves globally. The global aerosol valve market report offers an analysis of the market based on segmentation such as application and region. The report provides a detailed analysis as per segmentation and their respective contribution to this market. The global aerosol valve market report offers further in-depth analysis-based insights on the expected growth in this market as per segmented geographic regions and its key countries respectively.
The growing adoption of aerosol valves owing to their ease of use and designed to take up less space is the prime factor driving the market growth. The increasing demand for aerosol valves across different industry verticals including healthcare, personal care, and home care is attributed to the increased market revenues in the foreseeable future. The introduction of novel and attractive products for personal care has further added a boost to the market growth. Additionally, the rising disposable income, shift toward easy and convenient packaging, and growing awareness regarding product safety and security have contributed to the soaring demand for aerosol valves in emerging industries.
Aerosol Valve Market Segmentation
The worldwide aerosol valve market segmentation is based on the product type, application, and geography.
Aerosol Valve Market By Product Type
According to aerosol valve industry analysis, the continued segment dominates the market in 2021. The market for continuous aerosol valves is predicted to grow significantly due to the growing demand for aerosol-based pharmaceuticals in the medication delivery system and the growing preference for stainless steel aerosol valves. Stainless steel-based aerosol valves provide resistance to corrosion, heat resistance, enhanced cleanliness, and long-term value, to list a few advantages. Moreover, the product's high impact tolerance makes it suitable for use in a wide variety of sectors, including automotive, pharmaceutical, as well as personal care. Furthermore, the growing use of continuous aerosol valves in perfume, spraying paints, or other personal care products is likely to drive segment growth throughout the projection period.
Aerosol Valve Market By Application
According to the aerosol valve market forecast, the medical segment is predicted to increase significantly in the approaching years. The applications of the aerosol valve is increasing significantly in the recent past due to the rapid demand for aerosol-based products in the healthcare sector for drug delivery as one of the key applications and other industry sectors. Aerosol products constitute major parts such as containers, valves, actuators, product concentrate, and propellants. Aerosol is usually a suspension of particles that are present in the surroundings and with the help of aerosol equipment, substances are released in the form of spray present in a pressurized container. The increasing use of asthma inhalers, pain relief sprays, and other types of sprays for treating several conditions such as sunburn, pain, itching problems, and insect bites is fueling the market growth in the forecast period.
Aerosol Valve Market Regional Outlook
The Middle East & Africa
Europe Holds Largest Share Of The Global Aerosol Valve Market
The Europe region accounts for the largest share of the global Aerosol Valve market owing to the presence of a handful of aerosol manufacturers in the region. However, the market is anticipated to witness steady growth owing to the matured industry in the developed economies of the region. Asia-Pacific has emerged to be the most lucrative region and is expected to grow at the fastest rate attributed to the strong economic growth witnessed by the countries such as China and India. Moreover, increasing government investment in industrial developments and growing disposable income further supplement the market for aerosol valve market in the region.
North America holds the second position in the aerosol valve market talking in the terms of consumption specifically due to the elevated demand for personal care products. Contrariwise, stringent regulation against the use of HCFC, CFC, and HFC due to GHG emission further limits the market growth in the region. The other regions such as Middle East & Africa are endorsing remarkable growth specifically due to the rich production capacity for petrochemical in UAE and Saudi Arabia area. Also, the government supports the promotion of ethylene and propylene as propellants for producing aerosol products contributing to the increased demand for aerosol-based products in the region.
Aerosol Valve Market Players
Some of the top aerosol valve market companies offered in the professional report include Precision Valve Corporation, Aptar Group, CosterTecnologieSpeciali, Mitani valve, LINDAL Group Holding, Summit Packaging Systems, Clayton Corp., Newman Green, and KOH-I-NOOR MladáVožicea.s.
The estimated value of global aerosol valve market in 2021 was accounted to be USD 1,578 Million.
The projected CAGR aerosol valve market during the analysis period of 2022 to 2030 is 4.3%.
The prominent players of the global aerosol valve market are Precision Valve Corporation, Aptar Group, CosterTecnologieSpeciali, Mitani valve, LINDAL Group Holding, Summit Packaging Systems, Clayton Corp., Newman Green, and KOH-I-NOOR MladáVožicea.s.
Europe held the dominating aerosol valve during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for aerosol valve during the analysis period of 2022 to 2030.
Growing demand for aerosol-based products in the healthcare, personal care, and home care industry drives the growth of global aerosol valve market.
Based on product type, continued segment is expected to hold the maximum share of the aerosol valve market.