What are the upcoming hot bets for the aerosol cans market?

The global aerosol market size is anticipated to reach USD 143.64 billion by 2027, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 6.5% in terms of revenue, during the forecast period. Rising demand for aerosol products from various end-use industries such as personal care, household, automotive and industrial, and medical is anticipated to drive the market growth.

Aerosol paints are increasingly being used for automotive as well as architectural paint applications. Uniform propulsion, ease of application, and aesthetic appeal of aerosols are the key factors attributed to the demand from automotive and architectural end-use industries. Furthermore, the rapidly expanding construction sector, especially in developing countries, such as India, China, Vietnam, and Indonesia, are expected to fuel the demand in paint application.

The considerably high prevalence of respiratory diseases such as asthma and Chronic Obstructive Pulmonary Disease (COPD), majorly due to the changing lifestyle and rising geriatric population, is principally driving the demand for aerosol-based inhalers. In addition, rising demand for various pain relief sprays owing to their convenience of application is further anticipated to drive the product demand.

The Asia Pacific is among the significant regional markets for aerosol. Rising demand for personal care products from developing countries is anticipated to propel the regional demand over the forecast period. In addition, increasing awareness regarding cleanliness and hygiene is boosting the demand for household products like cleaners, sanitizing agents, and air fresheners, which in turn is projected to drive the regional market growth over the forecast period.

Rising demand from Asia Pacific is encouraging aerosol manufacturers to increase their production. For example, in February 2019, Vanesa Care announced plans to set up its fourth manufacturing facility in India. This facility would be the company’s fourth plant. The market is highly competitive with numerous players involved in acquisitions and expansions. In addition, they also conduct R&D for emerging sectors such as household and personal care.