The Report Aerosol Valves Market Size,
Share & Trends Analysis Report By Application (Household, Food, Personal
Care, Automotive & Industrial, Food, Paints, Medical), By Region (North
America, APAC, Europe), And Segment Forecasts, 2019 - 2025
The global aerosol valves market size is projected
to reach USD 1.63 billion by 2025 expanding at a CAGR of 4.2% over the forecast
period, according to a new report by Grand View Research, Inc. Increasing
product penetration in the healthcare industry for products, such as asthma
inhalers and other types of sprays, is expected to boost the demand over the
forecast period. Growing consumption of personal care and household products in
various countries is also anticipated to drive the product demand. In addition,
the introduction of innovative personal care and household products by FMCG
manufacturers, such as P&G, is expected to augment the demand for aerosol
components including valves.
The components used for
the manufacturing of aerosol valves, such as gaskets, seals, springs, and dip
tubes, are available in abundance owing to the presence of a large number of
manufacturers. In addition, low product differentiation enables easy supplier
switching at a low cost. The combined effect of this has resulted in low
bargaining power of suppliers. Companies in the industry are focusing on
product innovation for the development of eco-friendly components using latest
aerosol technologies. Over the past few years, there has been a shift from
traditional manufacturing to enhanced sustainability, which includes reduced
use of energy and raw materials.
Access
Research Report of Aerosol Valves Market @ https://www.grandviewresearch.com/industry-analysis/aerosol-valve-market
Further key findings from the study suggest:
· Continuous valves accounted for 35.76% of
the global revenue share in 2018 due to its increased penetration in personal
care products like deodorant cans, shaving creams, and waxes
· The consumption of the product in
automotive & industrial segment is expected to grow at 5.6%, in terms of
revenue, from 2019 to 2025 owing to high demand for aerosol lubricants and
greases by various manufacturing industries
· The Asia Pacific accounted for 19.47% of
the global revenue in 2018 due to increased consumer spending on personal care
products and rising demand for automobiles in India and China
· Some of the companies in the industry
include DS Corporation, LINDAL Group, Coster Tecnologie Speciali S.p.A.,
Precision Valve Corporation, and Summit Packaging Systems.
· Most of them focus on offering customized
products, such as engraved client logo on the actuator head, to obtaining a
significant share in the global aerosol valves market
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)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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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