The global aerosol valve market is expected to reach a market value of US$ 1.86 billion by 2026, registering a CAGR of 4.3% during the forecast period. Increase in the demand for aerosol based products in the personal care and medical care industry among others is the prime factor to the growth of aerosol valve market worldwide.The increasing adoption of aerosol valve in medical industry have added boost to the market growth. For instance, growing use of asthma inhalers due to the soaring cases of asthma across the world, pain relief sprays and other sprays for the treatment of itching problems, insect bites and sunburn have spurred the market growth.
North America holds the second leading position in the market owing to the increasing demand of personal care products and presence of key personal care product manufacturers such as Johnson & Johnson, Procter & Gamble and Estee Lauder in the U.S., the major contributor in the North America aerosol valve market.
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The global aerosol valve market is segmented based on application and region. The global aerosol valve market segmentation by application includes Medical, Personal Care, Household, Automotive & Industrial, Foods, Paints and Others. Based on region, the market is segmented across North America, Latin America, Europe, APAC, and MEA. The report includes in-depth analysis according the segmentations mentioned.
Large scale of infrastructural development fuel the demand for aerosol valves
The large scale of infrastructural upgradation and development especially in the emerging economies demands more aerosol based products thereby propelling the market growth. For instance, spray paintings are widely being adopted and is increasingly getting practiced on a commercial scale. Therefore, strong product demand in the construction as well as household segment stipulates the demand for aerosol valve and contributes remarkably for the market growth. In addition, the increasing trend of urbanization specifically observed in developing economies soars the demand for aerosol valves adding boost to the market growth. Moreover, technological advancements in the new generation safe and easy to use aerosol valves is likely to fuel the industry growth.
The global aerosol valve market is highly fragmented by the presence of a large number of local manufacturers and global leading companies accounted for the significant share in the market. Key companies such as Precision Valve Corporation, Aptar Group, Coster Tecnologie Speciali, Mitani valve, LINDAL Group Holding, Summit Packaging Systems, Clayton Corp., Newman Green and KOH-I-NOOR Mladá Vožice a.s. adopt key strategies such as strategic partnership with big scale distributors such as Gregg and McKernan to strengthen its customer base in the market. The leading manufacturers of aerosol valves specifically focus on emerging countries that are projected to indicate ample potential for industrial development in the foresee future.
Europe holds the dominant share in the year 2018 and witnessed to retain the same trend throughout the forecast period.This is on account of the presence of numerous aerosol manufacturers in the region. However, the region is witnessing lower growth rate in the coming years on account of matured industry in key economies, such as U.K., Germany and France. Additionally, Asia Pacific is growing at the fastest rate from 2019-2026 due to the growing disposable income and strong economic growth in the developing countries such as China and India. Government initiatives for the provision of new investments in the varied industrial sector and high expenditure on personal care is driving the market for aerosol valve in the region.
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Benefit of aerosol products improves the quality of life and has raised its consumer base
Earlier the aerosol product were limited to few applications but have become a significant part of today’s modern life in various industrial sectors such as healthcare, medical treatment, disease prevention, pest control, personal care & hygiene, house hold, automotive and other industrial cleaning and maintenance. The aerosol container with the help of aerosol valve provides variation of propellant pressure and extensive range of spray pattern and particle sizes that are specially designed for varied consumer needs. Thediverse applications include long distance spray of insecticides, asthmatic inhalers, first aid products, lubricating products for machines, contact lens solutions and few foam products among many others. The benefits of such aerosol products such as its safety, efficiency, cost-effectiveness, convenience, special products such as long distance spray and wider application in clean and sanitary use has made aerosol products as boon in different industrial verticals. The surplus demand for aerosol products in various application is the prime driving factor for aerosol valve market across the globe.
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