BEIJING, Dec. 15, 2022 (GLOBE NEWSWIRE) — The Global Aerosol valve market The size accounted for USD 1,578 million in 2021 and is estimated to reach a market size of USD 2,277 million by 2030, growing at a CAGR of 4.3% from 2022 to 2030.
Aerosol Valve Market Statistics
- The global market value for aerosol valves was worth USD 1,578 million in 2021, growing at a CAGR of 4.3% from 2022 to 2030
- The Europe region accounted for 37.1% of the aerosol valve market share in 2021
- The growth of the aerosol valves market in Asia Pacific is expected to increase at a CAGR of 4.8% between 2022 and 2030
- By product type, the continuing segment captured more than 55.9% of the total market volume in 2021
- Growing applications in the F&B sector are driving market revenues for aerosol valves
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Aerosol Valve Market Coverage:
|Market||Aerosol valve market|
|Aerosol valve market Size 2021||USD 1,578 million|
|Aerosol valve market Forecast 2030||$2,277 million|
|Aerosol valve market CAGR during 2022 – 2030||4.3%|
|Aerosol valve market Analysis period||2018 – 2030|
|Aerosol valve market Base year||2021|
|Aerosol valve market Prediction data||2022 – 2030|
|Segments covered||By product type, by application and by geography|
|Aerosol valve market Regional scope||North America, Europe, Asia Pacific, Latin America and the Middle East and Africa|
|Main 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.|
|Report coverage||Market trends, drivers, constraints, competitive analysis, player profiling, regulatory analysis|
Aerosol Valve Market Overview
The demand for aerosol based products in the personal care, healthcare and home care industries is driving the global expansion of the aerosol valves market. Applications of aerosol valves have exploded in recent years due to the growing need for aerosol-based items in the medical industry for the delivery of medicines, asthma inhalers, diagnosis and treatment sprays and a host of others, driving the expansion of the market.
Market trends for aerosol valves
There is an increasing demand for aerosol valves or aerosol-based goods in industries such as automotive, healthcare, home care and many others to improve the production process and ensure safety. Aerosol is usually a combination of particles found in the environment, and chemicals are discharged from a pressurized container using an aerosol device in the form of a spray. The increasing use of nasal sprays, pain relief sprays and other forms of sprays for the treatment of various ailments such as sunburn, pain, itching and mosquito bites is driving the market expansion over the projection period. Due to increasing industrialization, the favorable properties of the aerosol valve have greatly increased its applications in recent years. Moreover, the high level of urbanization is driving the growth of urban infrastructure development, including green infrastructure. Rising inflation for aerosol products from various end-use sectors is expected to generate additional revenue during the potential evaluation period. On the other hand, the stringent regulatory environment is expected to impact the growth of the global aerosol valve market over the forecast period.
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Geographical Segmentation of Aerosol Valve Market
The global aerosol valve market has been segmented based on product type and application by Acumen Research and Consulting. The segment is separated into measured and tracked by product type. According to the market forecast for aerosol valves, the continued category is predicted to develop significantly in the coming years. In terms of application, the market is divided into medical, household, paint, food, personal care, automotive and industrial, and others.
Regional Overview of the Aerosol Valve Market
Based on the region, the global market segmentation for aerosol valves is in Asia-Pacific, Europe, North America, Middle East and Africa, and Latin America. According to an analysis of the aerosol valve industry, Europe dominates the global market. The existence of multiple aerosol producers in the region has contributed to this expansion. However, due to the established industry in the industrialized countries of the region, the market is expected to grow slowly. On the other hand, the Asia-Pacific region has proved to be the most profitable market and is expected to grow at a significant pace due to the rapid economic and industrial growth observed by countries like China and India, which are major contributors to the market development. The increased awareness of personal and cleanliness care supports the need for aerosol valves in the region.
North America ranks second in terms of demand in the aerosol valve market, thanks to the increased demand for personal care products and the high penetration rate in the medical industry. On the other hand, strict government regulations prohibiting the consumption of CFCs, HCFCs and HFCs due to greenhouse gas emissions hinder the expansion of the market in the region. Other regions, such as the Middle East and Africa, are experiencing rapid expansion thanks to the abundance of petrochemical production capacity in the UAE and Saudi Arabia. In addition, the government is encouraging the use of propylene and ethylene as propulsion systems in the production of aerosol solutions, contributing to the rising demand in the region for aerosol-based goods. The increased consumption of aerosol cans in the industrial and automotive segments, due to the growing demand for aerosol lubricating oils and fluids by multiple manufacturing industries, is driving the market in all emerging countries.
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Players in the Aerosol Valve Market
The major companies in the market are always focused on innovative products to develop the most advanced environmentally friendly aerosol solutions. The aerosol valve market is growing due to a gradual shift from conventional to advanced production methods that consume less energy and material resources, with aerosol products playing an important role. Some of the prominent companies operating in the Aerosol Valve market are Precision Valve Corporation, CosterTecnologieSpeciali, Newman Green, LINDAL Group Holding, Clayton Corp., Aptar Group, Mitani valve, Summit Packaging Systems and KOH-I-NOOR MladáVožicea.s. To strengthen their customer base in the market, the companies have used collaboration, partnership, agreement and product innovation as key strategies. The top manufacturers of aerosol valves are concentrating their efforts on new markets that are expected to show significant potential for commercial growth in the coming years.
Questions answered by this report
- What was the size of the Aerosol Valve market in 2021?
- What will the CAGR of Aerosol Valve market be during the forecast period from 2022 to 2030?
- Who are the key players in the global Aerosol Valve market space?
- Which region had the highest share of Aerosol Valve market in 2021?
- Which are the key factors driving the Aerosol Valve market?
- Who is the Largest End User Aerosol Valve Market?
- What will the market value of Aerosol Valve be in 2030?
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