Aerosol Cans Market by Material Type (Aluminum, Steel, Plastic, and Glass), Product Type (Necked-in, Straight wall, and Shaped), Propellant Type (Liquefied Gas and Compressed Gas), End-use Sector, and Region - Global Forecast to 2021".
The global market for aerosol cans is projected to grow from USD 63.06 billion in 2015 to reach USD 80.94 billion by 2021, at an estimated CAGR of 4.3%.
The aerosol cans market is driven by factors such as ease-of-use, portability, recyclability, safety & strength, and increase in aesthetic appeal of the product. The increase in disposable income of people in developing economies allows them to spend more on personal care products, thereby helping the aerosol cans industry to grow. However, availability of alternatives in terms of price and packaging, is a restraining factor for aerosol cans.
The liquefied gas propellant segment accounted for the largest market share in 2015 in the aerosol cans market. Liquefied gas propellants help to maintain the performance of the spray throughout the lifespan of the aerosol can. This is driving the demand for liquefied gas propellants in the aerosol cans market.
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Latin America. In Asia-Pacific, China is the largest consumer for aerosol cans, followed by Australia. China, with its growing personal care and health care industries, is expected to drive the aerosol cans market. Australia, with its growing inclination toward convenient products, is expected to impact the aerosol cans market in the Asia-Pacific region.
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