09-Mar-2021 | Market Research Store
As per 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 utilize the pressure difference between the two fluids to force the product through atomizer and generate the fine mist. This is accomplished by loading the can/tank/reservoir with two separate fluids: one is a low-density high-pressure propellant, and the other is the liquid to be dispensed. The major objective of aerosol valve is to convert the source into fine spray. Aerosol valves dominate the paint, cooking, cosmetics, hobby, and clothing industries.
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.
Increased Demand from personal Care and Cosmetic Industry
The global aerosol valve market is expected to expand due to increased demand for cosmetic and personal use industry. Aerosol valves have variety of uses in personal care industry as hair sprayer, deodorants, shaving foam etc. Increased presence of millennial generation on the social media has generated the interest to stay well groomed. Many followers of social influencers get inspired by the style and statement of their icon and spend on grooming products. Aerosol valve assist in easier handling of the products with increased demand for e-commerce and its need for efficient packaging is also driving the market of Aerosol Valve. Technological development in the manufacturing of variety of aerosol according to fluid content and application is further driving the market of aerosol valve. However, stringent government regulations related to aerosol pollution is acting as restraint for the growth.
Europe and North America Region Projected To Dominate Global Aerosol Valve Market Growth
Europe provides a lucrative growth prospect for the aerosol valves market in business due to high disposable income levels and extensive use of aerosol valves in the automobile industry. However, the region is expected to grow slowly in the coming years due to the mature industry in large economies such as the United Kingdom, Germany, and France. Due to Saudi Arabia's and the UAE's rapid expansion of petrochemical production capacity, the Middle East and Africa are also expected to see significant growth. Furthermore, government support for new investment is projected to boost demand for ethylene and propylene as propellants in the manufacture of aerosol products, resulting in industry growth integration. Because of the demand for personal care items, North America is expected to be the second-largest market in terms of consumption
Browse the full “Aerosol Valve Market, By Type (Continuous Aerosol Valves, Metered Aerosol Valves, and Others), By Application (Insecticide, Household, Automobile & Industry, Personal Care and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.marketresearchstore.com/market-insights/aerosol-valve-market-828543
The global Aerosol Valve market is segmented as follows:
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