ID: MRFR/PNT/4758-HCR | February 2021 | Region: Global | 100 pages
Market Synopsis of Aerosol Valves Market
Aerosol is a suspension of particles in the atmosphere.. Any aerosol spray product comprises five major parts: actuator, valve, container, propellant, and product concentrate. Aerosol valve is the equipment that discharges the contents in the form of a spray from the pressurized containers. The major applications of aerosol valves are in the packaging of food products, personal care products, hairsprays, deodorants, pharmaceutical, insecticides and other household products.
The market of aerosol valves is expected to reach USD ~2.5 billion at a CAGR of ~5.2% during the forecast period. Aerosol-based products are widely accepted by large number of consumers owing to the ease of use which fuels the popularity of aerosol valves in packaging. The market for aerosol valves is driven by the rising demand for aerosols used for household cleaning. The rising demand for personal care product is the other reason, driving the market for aerosol valves. Aerosols are sold in the form of deodorants, hairsprays, shaving creams, face & body creams, where aerosol valves are extensively used. As the consumer lifestyle is changing, advances and innovation in the cosmetic industry is often aimed at user convenience. Increasing consumer preference for cosmetics with convenient applications is indirectly fueling the demand for aerosols and driving the market for aerosol valves. However, fluctuations in the prices of raw materials and availability of alternatives in term of packaging and price are the major restraints for the growth of the aerosol valve market. Whereas, disposal of aerosol valves and environmental concerns pose a challenge for the market growth of aerosol valves.
Segmentation: Global Aerosol Valves Market
Source: MRFR Analysis
The market for aerosol valves has been segmented on the basis of type, application, and region. On the basis of type, it has been segmented into metered and continuous valves. The continuous aerosol valves cover the largest market share in term of both value and volume. This is because of its wider acceptability in various end-use industries. Whereas, continuous aerosol valves are highly durable, user-friendly, and have high recycling rates. Additionally, the rising concerns about safety and hygiene also drive the demand for continuous aerosol valves.
Metered aerosol valves are primarily used in the healthcare sector. With the increasing disease prevalence of respiratory disorders like asthma, metered valves are being increasingly used in asthma inhalers and respiratory equipment driving the demand for metered valves in the pharmaceutical industry.
Regional Analysis of Aerosol Valves Market
The key regions covered in the market analysis of aerosol valves are the Americas, Asia Pacific, Europe, and the Middle East, and Africa. In 2017, North America dominated the market for aerosol valves. This was due to high purchasing power, the demand for personal care, automotive, healthcare and food products from the developed economies of the U.S. and Canada. The U.S. is expected to dominate the North American aerosol valves market because of awareness regarding product wastage and recycling of containers. In addition to this, factors such as economic growth, consumer preference for high-quality and convenient packaging, and the increasing competition among manufacturers, are some of the factors driving the demand for aerosol valves in this region.
Industry News and key players
The key players of Global Aerosol Valves market include Aptar Group (U.S.), Precision Valve Corporation (U.S.), Coster Tecnologie Speciali (Italy), Seung IL Corporation (South Korea), LINDAL Group Holding (Germany), Mitani Valve (Japan), Summit Packaging Systems (U.K), Clayton Corp. (U.S.), Newman Green (U.S.), KOH-I-NOOR Mladá Vožice a.s. (Czech Republic), Majesty Packaging System Limited (China) and Salvalco (U.S.).
These companies have adopted strategies like mergers & acquisitions, new product launches, expansions, and investments to achieve growth in aerosol valve market.
On June 11, 2018, Precision Global has been awarded ISO 13485 quality certification for manufacturing quality aerosol valves to be used in the pharmaceutical industry by the American Systems Registrar.
The report for Aerosol Valves Market of Market Research Future comprises extensive primary research findings along with detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes historical and projected market size in terms of value, technological advancement, macroeconomic and other governing factors in the market. The report provides detailed information about strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Frequently Asked Questions (FAQ) :
The global aerosol valves market is predicted to grow at a 5.2% CAGR between 2017- 2023.
The aerosol valves market is predicted to reach USD 2.5 billion by 2023.
North America will lead the global aerosol valves market.
Growing demand for personal care products and increasing use in household cleaning are the key factors driving the global aerosol valves market growth.
Key contenders profiled in the global aerosol valves market include Aptar Group (U.S.), Precision Valve Corporation (U.S.), Coster Tecnologie Speciali (Italy), Seung IL Corporation (South Korea), LINDAL Group Holding (Germany), Mitani Valve (Japan), Summit Packaging Systems (U.K), Clayton Corp. (U.S.), Newman Green (U.S.), KOH-I-NOOR Mladá Vožice a.s. (Czech Republic), Majesty Packaging System Limited (China) and Salvalco (U.S.).