Aerosol refers to a colloid of solid particles or liquid droplets suspended in air or in any other gas in the form of natural or artificial state. The size of suspended particles varies from 0.001 to 100 microns. Natural aerosols include dust, forest exudates, natural geyser steams and fog; while artificial aerosols include haze, smoke and particulate air pollutants. Growth in key end-user industries, rapid industrialization in developing economies and increasing health awareness along with rising cognizance regarding personal care are some of the factors responsible for driving the growth of the global aerosol market.
The developing economies, such as China, India, Brazil, Korea and Malaysia are witnessing fast-paced industrialization and urbanization, creating potential market for aerosols. The increasing automobile production in India, China, Brazil, Indonesia and Germany is anticipated to drive the demand for aerosol. Asia-Pacific accounts for 50% share of the total automotive vehicles manufactured worldwide that offers a high-potential market for aerosols. Additionally, aerosols are preferred for spray paints application in automotive and paints and coatings industry. The rapid urbanization along with infrastructural development, particularly in India, Thailand and Brazil is expected to drive the paints and coatings industry, which in turn would increase aerosol demand, during the forecast period. The increasing usage of aerosol products for stain removing, pre-wash sprays, shoe-polish, water and starch removal in leather industry and fabrics is expected to further drive the aerosol demand during the forecast period.
Geographically, Asia-Pacific region is anticipated to grow significantly during the forecast period. Growth in the region is expected to be driven by development in key end-user industries such as food and beverages, paints and varnishes, automotive, pharmaceuticals and personal care. Additionally, the increasing buying power and increasing standard of living is supporting further growth in the market in the personal care and household segments. The increasing investment in automotive and infrastructure development is expected to boost the aerosol demand in the paints and varnishes application. The personal care segment and household segment dominated the Asia-Pacific aerosol market. The automotive and insecticide industry has shown significant growth during the forecast period. China dominates the Asia-Pacific aerosol market, followed by Japan, India and Australia.
Some of the key players in the global aerosol market include Reckitt Benckiser Group Plc, Procter & Gamble Company, S C Johnson & Son, Inc., Akzo Nobel N.V., Unilever PLC, Coster Tecnologie Speciali S.p.A. and Thymes, LLC.