Tuesday, 26 July 2016

Aerosol Propellants: phase-out of CFCs & limited conventional hydrocarbon propellants drives the Industry

Aerosol propellants derive substantial demand from applications such as household, medical, coatings, and paintings. Surging demand for aerosols is expected to drive the global aerosol propellants market in the years to come. Combustion technology and pesticide sprays are the other common areas of application in the global aerosol propellants market. Ongoing industry trends indicate that the aerosol propellants market will grow at a 4% CAGR from 2013 to 2019 thereby reaching a market value exceeding US$65 billion by the end of the forecast period.

What are Propellants?

Propellants refer to substances that are used in aerosol containers for generating the necessary pressure for pushing out the contents from the nozzle of the container. Propellants are vital ingredients that are used in aerosol sprays. These are chemicals used for producing pressurized energy and gas which in turn are required for creating movement of liquids within an object or container.

Get Free PDF Brochure for more Professional and Technical insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1346

Liquefied gas propellants and compressed gas propellants are the two main types of propellants that are used in a host of applications. In addition to industrial demand, stringent environmental standards and regulations also propel the global aerosol propellants market.

High Demand for Hydrocarbons Aerosol Propellants to Drive the Global Market

The global aerosol propellants market is segmented on the basis of the following parameters: product, application, and geography. On the basis of product, this market is segmented into CFCs aerosol propellants, hydrocarbons aerosol propellants, methyl ethyl ether and dimethyl ether (DME) aerosol propellants, and nitrous oxide and carbon dioxide aerosol propellants.

In 2012, the segment for hydrocarbons led the overall aerosol propellants market with a market share of more than 80%. Isobutene, n-butane, and propane are a few of the commonly used hydrocarbons in this industry. Aerosol propellants mostly use propane and butane. The aerosol propellants market at present is characterized by high demand for methyl ethyl and dimethyl ether, since these are environment friendly and are good substitutes for the traditional hydrocarbon propellants.

Which Application Segment Leads the Market?

Based on applications, the aerosol propellants market is classified into households, paints and coatings, medical applications, and others. The household segment holds more than half the total share in the aerosol propellants market within the application segment. This segment is anticipated to retain its leading position in the market in the forthcoming years as well. New and innovative product launches is a vital factor that drives the household segment.

Owing to widespread implementation of stringent regulations, the demand for aerosol propellants in areas such as veterinary, food, auto care, and industry will contract significantly in the years to come. High demand for eco-friendly aerosol propellants will present several opportunities for market expansion.

Favorable Demand in China to Drive the Asia Pacific Aerosol Propellants Market

Geographically, the global aerosol propellants market is categorized into Europe, Asia Pacific, North America, and Rest of the World. With a consumption demand of almost 36%, Europe dominates the global aerosol propellants market. This region is expected to retain its leading position during the forecast period. In 2012, the second largest regional player in this industry was North America.

With high potential for market expansion in the Asia Pacific region, China is considered to be a lucrative market for aerosol propellants. Thus, the Asia Pacific aerosol propellants market will grow robustly in the forthcoming years. However, at present, the Asia Pacific region is witnessing sluggish market performance. The use of aerosol propellants poses several health and environmental hazards. This is a glaring restraint in the global aerosol propellants market.

The prominent companies operating in the global aerosol propellants market are Royal Dutch Shell plc, National Gas Company S.A.O.G., Lapolla Industries Ltd., Honeywell International Inc., BOC Industrial Gases UK, Bayer MaterialScience AG, Aeropres Corporation, AVEFLOR a.s., and AkzoNobel NV.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

No comments:

Post a Comment