Global Aerosol Market Size, Share, Trends, Growth, and Industry Analysis - By Type, Particle Size, Propellant Type, Can Type, Application, End-Use Industry - Regional Analysis, Competitor Analysis and Forecast 2024-2032

Report Overview

Global Aerosol market size was USD 83.76 billion in 2023 and the market is projected to touch USD 133.50 billion by 2031, at a CAGR of 6.00 % during the forecast period. The global aerosol market is a significant sector within the packaging and consumer goods industry, characterized by the widespread use of aerosols for various applications. Aerosols are pressurized containers that release contents in the form of a spray, foam, or mist, and are used across a wide array of industries, including personal care, automotive, household products, pharmaceuticals, and food. The market is driven by the increasing demand for convenient and efficient products, such as hair sprays, cleaning agents, paints, and insecticides. Innovations in aerosol technologies, including the development of eco-friendly propellants and advanced can materials, have further boosted market growth.

Regionally, the aerosol market shows strong growth potential in North America, Europe, and Asia Pacific, with emerging economies contributing to the expanding demand for both industrial and consumer applications. The use of aerosol cans in medical products, such as inhalers, has further spurred market development, particularly in the healthcare sector. Regulatory shifts toward sustainable products and green formulations are also influencing the market, with companies focusing on reducing the environmental impact of aerosol propellants and packaging. As consumer preferences evolve, manufacturers continue to innovate with new product formulations, packaging designs, and delivery systems, making the aerosol market increasingly dynamic and competitive.

Global Aerosol Market report scope and segmentation.

Global Aerosol Market dynamics

The global aerosol market is experiencing steady growth, driven by the increasing demand for convenient, easy-to-use products across various industries such as personal care, healthcare, automotive, and household goods. Aerosol products, ranging from air fresheners and cleaning agents to paint sprays and medical inhalers, offer efficient delivery systems for consumers and businesses alike. The market is also benefiting from technological advancements, including the development of environmentally friendly propellants and sustainable packaging solutions. As awareness about eco-friendly alternatives rises, the market is shifting towards greener formulations, further enhancing growth prospects. Additionally, the rise of emerging markets and the continued innovation in aerosol products are expected to fuel market expansion over the coming years.

Global Aerosol Market drivers

Increasing Usage of Personal Care and Household Products Boosts the Aerosol Market

The global aerosol market has seen significant growth, primarily driven by the rising demand for personal care and household products due to their convenience, efficiency, and ease of use. Aerosol products, such as deodorants, hairsprays, air fresheners, and cleaning agents, offer precise dosage and effective preservation, making them highly popular among consumers. Notably, household aerosol products accounted for approximately 30% of the total aerosol market in the United States in 2020, underscoring their importance in the sector. As consumer preferences shift towards personal grooming and hygiene, personal care aerosols, including dry shampoos and sunscreen sprays, have gained popularity for their quick application. Furthermore, innovations in eco-friendly formulations and sustainable packaging are addressing environmental concerns, driving further adoption of aerosol products. With a robust distribution network and continuous technological advancements, the market is poised for continued expansion, fueled by consumer demand for convenience and manufacturers’ efforts to meet sustainability standards.

Impact of COVID-19 Pandemic

The COVID-19 pandemic had a mixed impact on the global aerosol market, with certain segments experiencing growth while others faced challenges. The surge in demand for disinfectants, sanitizers, and cleaning agents led to an increase in the use of aerosol-based products, particularly in household and healthcare applications. Aerosol disinfectants and air fresheners saw a rise in popularity as consumers prioritized hygiene and cleanliness during lockdowns. However, the pandemic disrupted supply chains, manufacturing, and logistics, affecting the production and distribution of aerosol products. The personal care segment, including products like deodorants and hairsprays, faced a decline due to reduced consumer activity and changes in social behavior, such as the rise in remote work and the postponement of social events. Despite these challenges, the overall aerosol market showed resilience, with growth in key sectors like medical aerosols, disinfectants, and cleaning products, spurred by the heightened focus on health and hygiene during the pandemic.

• Restraints:

Potential Health Risks Associated with Inhalation of Aerosol Chemicals Limit Market Growth

The global aerosol market faces significant challenges due to health concerns related to the inhalation of certain aerosol chemicals, such as benzene and formaldehyde, which are classified as carcinogenic by research bodies like the International Agency for Research on Cancer (IARC). This has led to heightened consumer awareness and a shift in preferences towards products perceived as safer or less harmful. In response, regulatory bodies and industry associations, such as the Consumer Specialty Products Association (CSPA), are advocating for safer alternatives and promoting eco-friendly, plant-based aerosol products. However, the transition to these alternatives presents challenges, including the need for substantial investment in research and development to meet safety standards while maintaining product performance and cost-effectiveness. Despite these obstacles, the market is evolving toward safer, more sustainable products, driven by both regulatory pressures and growing consumer demand for health-conscious, environmentally friendly options.

Volatility In Prices of Key Raw Materials Like Aluminum and Steel Impacts Production Costs

In the global aerosol market, price volatility of key raw materials like aluminum and steel presents a significant challenge for manufacturers, directly affecting production costs and profit margins. The 60% surge in global steel prices in 2021, driven by supply chain disruptions, increased demand, and rising raw material expenses, exemplifies the magnitude of this issue. Companies like Unilever have highlighted the adverse impact of fluctuating raw material prices on their operational costs, which complicates financial forecasting and budgeting. This volatility can erode profit margins, especially in competitive markets where price sensitivity is high. Manufacturers may struggle to pass on higher costs to consumers without risking reduced sales. The need for proactive supply chain management, including supplier diversification and long-term contracts, becomes essential to mitigate these price fluctuations and ensure operational stability. As a result, managing raw material price volatility is crucial for maintaining profitability and sustaining competitive advantage in the aerosol market.

• Opportunities:

Expanding Urbanization and Disposable Incomes in Developing Countries Create New Market Opportunities

Expanding urbanization and rising disposable incomes in developing countries present significant opportunities for the global aerosol market. The United Nations projects that the global urban population will increase by 1.5 billion people by 2030, with most of the growth occurring in developing regions. This urbanization drives demand for convenience-oriented products like aerosol-based personal care items, household cleaners, and insecticides, which align well with the fast-paced lifestyle of urban residents. Additionally, rising disposable incomes in regions such as Asia-Pacific and Latin America fuel consumer purchasing power, making premium aerosol products more accessible. Projections indicate the global aerosol market, valued at $63.2 billion in 2020, will reach $90.1 billion by 2027, driven largely by growth in developing regions. Manufacturers have a substantial opportunity to expand by tailoring products to local preferences, establishing strong distribution networks, and enhancing operational efficiency. As urbanization and income levels rise, the demand for aerosol products is poised to increase, creating a fertile ground for market expansion and sustained growth.

• Segment Overview

The global aerosol market is dominated by two key segments: Bag-In-Valve (BIV) and Standard aerosols, each catering to distinct consumer needs and industry applications. BIV technology, which separates the product from the propellant to improve dispensing control and reduce waste, has gained significant traction, especially in personal care and household products. Its environmental benefits and superior user experience have contributed to its growing popularity, with the segment accounting for around 20% of the UK market in 2021. Meanwhile, standard aerosols continue to lead the market due to their versatility, cost-effectiveness, and widespread use in sectors such as insecticides, air fresheners, and industrial applications. Both segments are evolving with advancements in propellant technology and manufacturing processes, driving continued growth and adaptation to consumer demands for sustainability and performance.

Global Aerosol Market Overview by Region

The global aerosol market is experiencing varied growth across different regions, driven by factors such as urbanization, increasing disposable incomes, and evolving consumer preferences. North America and Europe remain dominant markets, with high demand for personal care, household, and industrial aerosol products, underpinned by advanced technological developments and regulatory frameworks promoting sustainability. In contrast, the Asia-Pacific region is witnessing rapid expansion due to rising urban populations, growing middle-class incomes, and increased demand for convenience-based products. Emerging markets in Latin America and the Middle East also present significant growth opportunities as economic development drives consumption, particularly in personal care and household segments. As a result, regional dynamics are influencing product innovation, packaging trends, and distribution strategies, shaping the future trajectory of the global aerosol market.

Global Aerosol market competitive landscape

The global aerosol market is highly competitive, with major players vying for market share across various segments. Key companies such as Reckitt Benckiser Group PLC, S. C. Johnson & Son, Inc., and Unilever dominate the consumer goods segment, offering a wide range of personal care, household, and industrial aerosol products. Trivium Packaging B.V., Crown Holdings, Inc., and Ball Corporation lead in aerosol can manufacturing, providing innovative packaging solutions. Additionally, Akzo Nobel N.V., Arkema Group, and Henkel AG & Co. KGaA focus on specialty chemicals and propellants, contributing to advancements in product formulations. These companies are investing in sustainability initiatives, product innovation, and strategic partnerships to maintain their competitive edge in the market, while expanding their presence in emerging regions.

Global Aerosol Market Recent Developments

• In October 2023, Crown Holdings, Inc. successfully completed the acquisition of Helvetia Packaging AG, a beverage can and end manufacturing facility located in Saarlouis, Germany.
• In December 2023, Unilever announced it has signed an agreement to acquire K18, a premium biotech haircare brand. K18's innovative haircare solutions will enhance Unilever's offerings in the premium beauty segment, further driving its growth in this lucrative market.
• In August 2023, AkzoNobel completed the acquisition of Valspar Coatings Holding Co. Ltd. This strategic move strengthens AkzoNobel's foothold in China's coatings market and extends its presence beyond the premium segment, enabling the company to tap into new opportunities and broaden its customer base.
• In June 2024, Arkema has entered into an agreement to acquire a majority stake of nearly 78% in Proionic, a prominent start-up specializing in the production and development of ionic liquids. These ionic liquids are crucial for advancing next-generation lithium-ion batteries.
• On September, 2020, Ball Corporation completed the acquisition of Tubex's aluminium aerosol packaging business in Brazil, strengthening its market position and expanding its production capacity for innovative aerosol solutions.

Scope of global Aerosol market report

Global Aerosol report market segmentation

Table Of Contents

Table of Contents

1. Executive Summary
   1. Market Attractiveness Analysis
      1. Global Aerosol Market, By Type
      2. Global Aerosol Market, By Particle Size
      3. Global Aerosol Market, By Propellant Type
         1. Global Aerosol Market, By Liquefied Propellant
         2. Global Aerosol Market, By Compressed Gas Propellant
      4. Global Aerosol Market, By Can Type
      5. Global Aerosol Market, By Application
      6. Global Aerosol Market, By End-Use Industry
      7. Global Aerosol Market, By Geography                                 
2. Market Introduction
   1. Definition
   2. Scope of the Study
3. Research Methodology
   1. Data Mining
   2. Secondary Research
   3. Primary Research
   4. Forecasting Techniques
4. Market Dynamics
   1. Introduction
   2. Drivers
   3. Restraints
   4. Opportunities
   5. Challenges
   6. Covid 19 Impact Analysis
5. Aerosol Market ANALYSIS by SEGMENT
   1. Aerosol Market ($BILLION), and Forecasts (2023 – 2031), By Type
      1. Bag-In-Valve
      2. Standard
   2. Aerosol Market ($BILLION), and Forecasts (2023 – 2031), By Particle Size
      1. Aitken Particles
      2. Large Particles
      3. Giant Particles
   3. Aerosol Market ($BILLION), and Forecasts (2023 – 2031), By Propellant Type
      1. Liquefied Propellant
         1. Hydrocarbons (Propane, Butane)
         2. Hydrofluorocarbons (HFCs)
      2. Compressed Gas Propellant
         1. Nitrogen
         2. Carbon Dioxide
         3. Nitrous Oxide
   4. Aerosol Market ($BILLION), and Forecasts (2023 – 2031), By Can Type
      1. Steel
      2. Aluminum
      3. Plastic
      4. Tin
      5. Others
   5. Aerosol Market ($BILLION), and Forecasts (2023 – 2031), By Application
      1. Brake Cleaners
      2. Paints
      3. Varnishes
      4. Insecticides
      5. Hair Care
      6. Body Care
      7. Cleaning Agents
      8. Air Fresheners
      9. Inhalers
      10. Others
   6. Aerosol Market ($BILLION), and Forecasts (2023 – 2031), By End-Use Industry
      1. Agriculture
      2. Automotive
      3. Cosmetic & Personal Care
      4. Household
      5. Food & Beverages
      6. Medical & Pharmaceuticals
      7. Industrial
      8. Others
6. NORTH AMERICA Aerosol Market analysis
   1. Overview
   2.  By Type
   3. By Particle Size
   4. By Propellant Type
      1. By Liquefied Propellant
      2. By Compressed Gas Propellant
   5. By Can Type
   6. By Application
   7. By End-Use Industry
7. EUROPE Aerosol Market analysis
   1. Overview
   2. By Type
   3. By Particle Size
   4. By Propellant Type
      1. By Liquefied Propellant
      2. By Compressed Gas Propellant
   5. By Can Type
   6. By Application
   7. By End-Use Industry
8. ASIA PACIFIC Aerosol Market analysis
   1. Overview
   2. By Type
   3. By Particle Size
   4. By Propellant Type
      1. By Liquefied Propellant
      2. By Compressed Gas Propellant
   5. By Can Type
   6. By Application
   7. By End-Use Industry
9. Rest of the World Aerosol Market analysis
   1. Overview
   2. By Type
   3. By Particle Size
   4. By Propellant Type
      1. By Liquefied Propellant
      2. By Compressed Gas Propellant
   5. By Can Type
   6. By Application
   7. By End-Use Industry
10. COMPetitive Landscape
    1. Competitive Overview
    2. Competitive Benchmarking
    3. Major players in the Global Aerosol Market
11. Company Profiles
    1. RECKITT BENCKISER GROUP PLC
       1. Company Overview
       2. Product Offered
       3. Financials Overview
       4. Recent Development
       5. Swot Analyis
       6. Business Strategy
    2. S. C. JOHNSON & SON, INC.
       1. Company Overview
       2. Product Offered
       3. Financials Overview
       4. Recent Development
       5. Swot Analyis
       6. Business Strategy
    3. TRIVIUM PACKAGING B.V.
       1. Company Overview
       2. Product Offered
       3. Financials Overview
       4. Recent Development
       5. Swot Analyis
       6. Business Strategy
    4. CROWN HOLDINGS, INC.
       1. Company Overview
       2. Product Offered
       3. Financials Overview
       4. Recent Development
       5. Swot Analyis
       6. Business Strategy
    5. UNILEVER
       1. Company Overview
       2. Product Offered
       3. Financials Overview
       4. Recent Development
       5. Swot Analyis
       6. Business Strategy
    6.   AKZO NOBEL N.V.
       1. Company Overview
       2. Product Offered
       3. Financials Overview
       4. Recent Development
       5. Swot Analyis
       6. Business Strategy
    7.   ARKEMA GROUP
       1. Company Overview
       2. Product Offered
       3. Financials Overview
       4. Recent Development
       5. Swot Analyis
       6. Business Strategy
    8. BALL CORPORATION
       1. Company Overview
       2. Product Offered
       3. Financials Overview
       4. Recent Development
       5. Swot Analyis
       6. Business Strategy
    9. COLEP CONSUMER PRODUCTS
       1. Company Overview
       2. Product Offered
       3. Financials Overview
       4. Recent Development
       5. Swot Analyis
       6. Business Strategy
    10. HENKEL AG & CO. KGAA
        1. Company Overview
        2. Product Offered
        3. Financials Overview
        4. Recent Development
        5. Swot Analyis
        6. Business Strategy

Mathodology

Methodology