The global aerosol valve market is expected to reach a value of US$ 1.86 billion by 2026. The market is expected to witness significant growth rate of 4.3% over forecast period. The growing demand for aerosol based products in the healthcare, personal care and home care industry is supplementing the market for aerosol valve globally.
The global aerosol valve market report offers an analysis of the market based on segmentation such as application and region. The report provides detailed analysis as per segmentation and their respective contribution in 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 for aerosol valve owing to the ease of use and designed to take less space is the prime factor driving the market growth. Increasing demand of aerosol valve across different industry verticals including healthcare, personal care and home care is attributed towards the increased market revenues in the foresee future. The introduction of novel and attractive products for personal care have further added 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 for the soaring demand of aerosol valve in an emerging industries.
The applications of aerosol valve is increasing significantly from recent past due to the rapid demand for aerosol based product in healthcare sector for drug delivery as one of the key application and other industry sectors. Aerosol product constitute of its major parts such as container, valve, actuator, product concentrate and propellant. Aerosol is usually a suspension of particles that are present in the surrounding and with the help of aerosol equipment, substances are released in the form of spray present in a pressurized containers. The increasing use of asthma inhalers, pain relief sprays and other type of sprays for treating several conditions such as sunburn, pain, itching problems and insect bites is fueling the market growth in the forecast period.
The global Aerosol Valve market is segmented on the basis of application and region.
The Europe region accounts for the largest share in global Aerosol Valve market owing to the presence of 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 out to be the most lucrative region and 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 industrials 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 in personal care products.Contrariwise, stringent regulation against the use of HCFC, CFC and HFC due to the GHG emission further limits the market growth in the region. The other regions such as Middle East & Africa is 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.
The global aerosol valve market is depicted by the presence of a large number of local manufacturers and few leading companies accounted for the significant share of global production yearly. The key companies compete based on product innovation, superior product quality and various product design to name a few. Market expansion, key investments and partnerships were the key strategies adopted by the leading players in the market. Key companies such as Precision Valve Corporation,Aptar Group, CosterTecnologieSpeciali, Mitani valve, LINDAL Group Holding, Summit Packaging Systems, Clayton Corp., Newman Green and KOH-I-NOOR MladáVožicea.s. adopted the aforementioned strategies to strengthen its customer base in the market. The leading manufacturers of aerosol valves specifically focus on emerging countries that are projectedto indicate ample potential for industrial development in the foresee future.
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