Published: Mar-2021 | Format: PDF | Market Research Store | Number of pages: 110 | Code: MRS - 828543
According to the report published by Market Research Store, global demand for aerosol valve market was valued at approximately USD 2.95 Billion in 2019, and is expected to generate revenue of around USD 4.02 Billion by end of 2026, growing at a CAGR of around 4.5% between 2020 and 2026.
Aerosol valves are the devices that enable liquids to be released from a can or bottle. Valve, propellant, tube, actuator, and product concentrate are the five main components of aerosol valves. The aerosol is basically a collection of atmospheric particles. Food items, antiperspirants, hair spray, pesticides, care products, pharmaceutical products, and other household products all benefit from these aerosol valves.
The global aerosol valve market is expected to expand due to increased product penetration in the medical industry. Over the forecast era, demand for pain reliever sprays, inhalers, and other forms of sprays, which are used to itching problems, treat pain, and sunburn is expected to rise. The market is also expected to be driven by increasing demand for aerosol cans for the packaging of such items due to their ease of use.
The global aerosol valve market is segregated based on the type as continuous aerosol valves, metered aerosol valves, and others. The major applications of the market include insecticide, household, automobile & industry, personal care, and others. Moreover, the global market is classified based on geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Due to the disposable income levels and widespread use of aerosol valves in the automotive industry, Europe offers a promising market opportunity for the aerosol valves market in business. However, due to the mature industry in big economies such as the United Kingdom, Germany, and France, the region is expected to develop slowly in the coming years. The Middle East and Africa are also expected to see substantial growth due to Saudi Arabia's and the UAE's explosive growth of petrochemical production capacity. Furthermore, government funding for new investment is expected to fuel demand for ethylene and propylene as propellants in the manufacture of aerosol products, thereby integrating market growth. Because of the demand for personal care items, North America is expected to be the second-largest market in terms of consumption.
Some main participants of the Aerosol Valve market are Summit Packaging Systems, Jinxing Aerosol Valve, EC Pack, Salvalco, Lindal Group, Precision Valve Corporation, Newman-Green, DS Containers, Coster Group, Aptar, Clayton Corporation, KOH-I-NOOR, MAJESTY, Mitani Valve, and among others.