San Francisco, 28
September 2018: The global aerosol caps market is
expected to reach USD 440.5 million by 2025, growing at a CAGR of 4.7%,
according to a new report by Grand View Research, Inc. Increasing demand for
the product in aerosol used in personal care and household application is
expected to drive growth.
Growing demand for the
aerosols in the automotive & industrial application is expected to drive
industry growth over the next eight years. The increasing utilization of
aerosol paint cans in enhancing the aesthetic value of the vehicle is expected
to drive the demand over the forecast period.
The increasing use of
aerosol products in the personal care industry is expected to have a positive
impact on the demand. However, the substitution by new technologies in the
aerosol industry is expected to restrain growth. In addition, the rising
environmental & human health concerns pertaining to aerosol products is
expected to restrain growth.
The industry is
fragmented with local manufacturers accounting for majority of the market
share. These players cater to their existing customers and provide personalized
services to retain them. As a result, players catering to the global market
struggle to acquire new customers in a supplier saturated market.
Access Research Report
of Aerosol Caps Market@ www.grandviewresearch.com/industry-analysis/aerosol-caps-market
Further key findings from the report suggest:
· Personal care accounted for 45.3% of the
overall revenue share in 2016 on account of the growing demand for aerosol
products in hair care and skin care applications coupled rising consumer
grooming standards
· Automotive & industrial applications
accounted for over 23.5% of the volume share in 2016 owing to high utilization
of bug & tar remover, cleaner, degreaser aerosol sprays coupled with
growing automotive industry
· Food & paints applications accounted
for over USD 75 million on account of the growing demand for aerosol technology
in manufacturing spray paint cans, cheese cans and other related products
· The U.S. accounted for 24% of the overall
industry owing to the presence of major automotive players in the country
coupled with increasing demand for aerosol technology in automotive industry
· The major players in industry are
vertically integrated and adopt different technologies for improving the
quality of raw materials and molding techniques to enhance the quality of the
aerosol caps
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has
segmented the global aerosol caps market on the basis of application and
region:
Aerosol Caps Application Outlook (Volume, Million Units;
Revenue, USD Million, 2014 - 2025)
·
Personal Care
·
Household
·
Automotive & Industrial
·
Foods
·
Paints
·
Medical
·
Others
Aerosol Caps Regional Outlook (Volume, Million
Units; Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Brazil
·
Middle East & Africa
Access Press Release of
Aerosol Caps Market@ www.grandviewresearch.com/press-release/global-aerosol-caps-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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