Aerosol based products including deodorants, hair sprays and foam-based products are experiencing a strong demand worldwide, in turn propelling the demand for propellants.
Expansion of the global aerosol propellants industry is garnering momentum, driven by growing product application in the cosmetics and personal care space. Aerosol based products including deodorants, hair sprays, and foam-based products are experiencing a strong demand worldwide, in turn propelling the demand for propellants. This demand is expected to be further augmented by high consumer demand for household products such as air fresheners, disinfectants, and repellents.
Global Market Insights Inc forecasts that global aerosol propellants market size will hit an annual valuation of nearly $27 billion by 2022, with consistent demand for aerosol based products and widespread use of aerosol in cosmetics and personal care.
How will be the demand for high quality cosmetics impact product consumption?
The world of cosmetics and personal care has experienced a notable transformation over the years. Recent trends in the industry have been largely influenced by widespread adoption of premium quality products, mainly across emerging economies which have been experiencing robust economic growth. Premium skin care and fragrance products are among the most widely purchased products across these regions today. These trends are likely to promote aerosol consumption in cosmetic and personal care formulations, which will certainly create a need for high quality propellants.
Aerosol propellant manufacturers worldwide are witnessing tremendous opportunities across the beauty and cosmetics sector.
Recently for instance, in May 2020, Yorkshire-based Salford Valve Company had secured an investment from Beiersdorf, a leading maker of skincare products including brands like Nivea. Salford Valve Company had also announced the launch of its Eco-Valve aerosol valve and a range of ecofriendly and sustainable propellants.
In anticipation of a substantial product demand in the future, several manufacturers have also been investing in expansion of production capacities. In June 2020, Diversified CPC had disclosed plans to construct a new multimillion-dollar production facility at the Iron Horse Terminals in Beaumont.
The ongoing COVID-19 pandemic has created a significant demand for personal care and hygiene products, including spray based hand sanitizers. Numerous cosmetic companies have launched innovative sanitizer products during 2020.
In April 2020, Starco Brands had commercialized a spray based hand sanitizer technology with a 75 percent alcohol solutions under its consumer brand Breathe. The product is a continuous spray, clean aerosol based sanitizer that uses compressed air, mainly consisting of a nitrogen propellant. The technology enables users to a larger number of people faster and more efficiently with no human-to-human contact.
Considering the sustained nature of the pandemic, individuals, households, healthcare facilities, airports, and many other public spaces can benefit from similar innovations.
What will be some of the key challenges for manufacturers in the near future?
Aerosol propellants can be harmful to humans and the environment as they are toxic and flammable in nature. Most products used in sprays are a mixture of various flammable gases including propane and butane. These gases may catch a fire and lead to explosion if they are accidentally released due to can puncture or damage. Hence, overcoming concerns and issues regarding the impact and risk of aerosol propellants on human health and environment will be among the major hurdles for manufacturers.
AkzoNobel, Diversified CPC International Inc, DuPont, Harp International, Aztec Aerosols Ltd, Honeywell Corporation, BOC Industrial Gases, Bayer Material Science AG, IGS Aerosols GmbH, Aero-Spray AB, Aerosol Service GmbH, National Gas Company SAOG, Financial Overview and Emirates Gas are some of the leading aerosol propellant suppliers worldwide.
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