San Francisco, 6 March 2019: The Report Aerosol Valve Market Analysis By Application (Personal care, household, Automotive
& Industrial, Foods, Paints, Medical), By Region, And Segment Forecasts,
2018 - 2025
The global aerosol valves market is expected to reach USD 1.87 billion by 2025,
growing at a CAGR of 5.5%, according to a new report by Grand View Research,
Inc. Rising demand for aerosol based household cleaners is expected to emerge
as a major factor driving growth. In addition, growth in the demand for easy to
use products due to widening consumer acceptance is likely to drive growth.
The raw materials required for the product
manufacture such as springs, dip tubes, and coatings are procured from low cost
suppliers. The industry witnesses the production of highly customized products
with the specifications varying with the can design. In addition, the wide
availability of raw materials results in a diminished supplier power for the
manufacturers.
The industry is characterized by the
presence of stringent regulations by agencies, pertaining to the raw material
grades and coatings used in the valve systems. However, the industry is
expected to witness limited regulations, primarily in Asia Pacific, thereby
realizing high growth.
Introduction of innovative products by key FMCG
manufacturers such as P&G and Unilever in high potential markets including
China and India in light of expansion of the domestic retail markets is
expected to promote the usage of such products. This trend is expected to
expand the market size over the forecast period.
Access Research Report of Aerosol Valves Market@ www.grandviewresearch.com/industry-analysis/aerosol-valve-market
Further key findings from the report suggest:
· The demand for aerosol valves for personal
care products accounted for 35.8% of the consumption volume in 2016, driven by
rising sales of products such as deodorants, hairsprays and shaving creams
· The demand for continuous valves in
household segment is expected to register a CAGR of 4.9% by revenue from 2017
to 2025 due to heightened product consumption envisaged by limited human
interaction with aerosol cleaners
· The demand other valves including
bag-on-valves in the food segment is likely to register a CAGR of 5.8% from
2017 to 2025 due to superior product performance for dispensing food products
· The market in North America accounted for a
consumption of 4,682.8 million valves due to high aerosol production in the
U.S. The industry is expected to grow in the wake of high adoption levels
coupled with increasing penetration levels
· China is estimated to account for an
industry revenue of USD 102.4 million in 2016, on account of low cost
production coupled with superior economies of scales achieved by the manufacturers
in the economy
· Key players including Mitani Valve and
Coster Group lay high emphasis on capacity increases in order to gain market
share and increase the company revenues
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the
global aerosol valves market on the basis of application, and region:
Aerosol Valves Application Outlook (Volume,
Million Units; Revenue, USD Million, 2014 - 2025)
·
Personal Care
·
Household
·
Automotive & Industrial
·
Food
·
Paints
·
Medical
·
Others
Aerosol Valves Regional Outlook (Volume, Million Units;
Revenue, USD Million, 2014 - 2025)
o
North America
o
Europe
o
Asia Pacific
o
Central & South America
o
Middle East & Africa
Access Press Release of
Aerosol Valves Market@ www.grandviewresearch.com/press-release/global-aerosol-valve-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.
For More Information: www.grandviewresearch.com
No comments:
Post a Comment