The global aerosol valves market size was USD 1.43 billion in 2017. Rising disposable income has resulted in increased consumer purchase of personal and household hygiene products. This trend is expected to increase significantly in the near future, thus, driving the global aerosol valves market growth.
Expansion of the automotive and construction sectors in developing countries such as China and India in harmony with favorable regulatory support to promote investments coupled with easy raw material access has forced manufacturers to establish their production facilities in these geographies. Key industry participants widely manufacture continuous valves owing to its low cost and huge demand from the personal care and healthcare sectors. Also, personal care is a segment where attractive aesthetic packaging plays a key role in drawing consumer’s attention, differentiates the product. This has led to the unique designing and manufacture of aerosols containing personal care products.
The size of the global market for Aerosol Valves is expected to reach USD 2416.75 Million by 2030, expanding at a compound annual growth rate (CAGR) of 6.84%.
Recent technological innovations such as Stahl monoblock aerosol cans and airless dispensers has significantly added to the growth of the global aerosol valves market sales. For instance, currently, there is an increasing demand for oral hygiene products such as mouthwash, breath freshener, and teeth whiteners. Increasing consumption of aerosol propellants for the purpose of ejecting a liquid from the same self?pressurized container and a separate container is expected to surge the global aerosol valves market size in the near future.
Metered aerosol spray demand stood at 12.93 billion units in 2017. Rapid demand for metered aerosol sprays in the healthcare sector, on account of its wide range of applications owing to their ease of use and design, pose lucrative opportunities for the product demand in the forecast period. Aerosol delivery in human body is effective when taken in lower doses than required for oral administration. Metered dose inhaler valves are used for oral, inhalation and nasal aerosols. Metered valves deliver an accurate amount of product concentrate in the desired form and are easily turned on and off.
Household application contributed to slightly more than 30% of the global aerosol valves market share revenues in 2017. Aerosols are widely used in stain removers, sprays, starch, water repellents for leather & fabric, shoe polish, household surfaces, cleaning agents for rugs, furniture waxes & polishes, disinfectants and air fresheners among others. Globalization along with growing retail sector has resulted in an increased need for furniture, wall coverings, and other household products. Rising awareness over hygiene along with the growth of the home furnishing market is expected to drive aerosol growth in household applications, thereby augmenting the global aerosol valves market size.
Asia Pacific is projected to be the fastest growing market owing to the development of the home furnishings market. The aerosol valves market is projected to grow with a revenue CAGR of 4.4% from 2018 to 2025. Moreover, rising application scope in construction, automotive and paints & coatings sector on account of the low manufacturing cost is expected to have positive impact on market growth. China's Advisory Committee on Climate Change is planning to limit GHG emission by 2020, which is expected to restrain aerosol sales, thereby, adversely affecting the aerosol valves market demand. Governments of China and India have been focusing on investments which are expected to offer favorable opportunities for the market growth in the coming years. Also, burgeoning personal care markets in developing Latin American economies such as Brazil, Argentina, and Chile in tandem with new product launches by Unilever and P&G is expected to play a crucial role in increasing the use of aerosols. Furthermore, prevalence of automotive industries in Brazil is expected to promote the utilization of paints & coatings and is expected to escalate the aerosol valves market share in this region.
Aerosol companies require significant amount of investment during the initial start-up owing to the existence of stringent government regulations regarding testing and labeling of aerosols before and after placing them in the market. This has set a high barrier for the entry of new players in the global aerosol valves market. Various market participants include AptarGroup, Coster Tecnologie Speciali, Lindal Group Holding GmbH and The Precision Valve Corporation among others.
Aerosol Valves Market Scope
Metrics | Details |
Base Year | 2023 |
Historic Data | 2018-2022 |
Forecast Period | 2024-2030 |
Study Period | 2018-2030 |
Forecast Unit | Value (USD) |
Revenue forecast in 2030 | USD 2416.75 Million |
Growth Rate | CAGR of 6.84% during 2020-2030 |
Segment Covered | By Product Type, Application, Region |
Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Key Players Profiled | Lindal Group Holding GmbH, Aptar Group, Inc., Coster Tecnologie Speciali S.p.A., The Precision Valve Corporation, MITANI VALVE CO., LTD, Summit Packaging Systems, Newman Green, KOH-I-NOOR Mladá Vožice A.S., Clayton Corp., Salvalco. |
Key segments of the global aerosol valves market
Product Overview
- Metered
- Others
Application Overview
- Personal Care
- Household
- Automotive & Industrial
- Food
- Paints
- Medical
- Others
Regional Overview
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Germany
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Rest of APAC
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- GCC
- Rest of MEA