ID: MRFR/PNT/4758-HCR | February 2021 | Region: Global | 100 pages
During the ongoing forecast period of 2021-2028, the aerosol valves market size is expected to expand and grow at a CAGR of 5.2%.
During the period, the market is expected to reach a final market value worth USD 3.30 billion. During the historic forecast period that ended in 2019, the market operations were valued at a market figure of UD 2.62 billion.
The adversity brought in by the arrival of the novel coronavirus has been such that the markets and prominent players are having a tough time surviving and finding ways that will revive the market. The pandemic is circulating at a high rate and the global healthcare services of both the developed and developing nations are collapsing at an alarming rate. Governments across the world have been taking tough decisions like imposition of lockdown, travel restrictions, restrictions on imports and exports, along with regional boundary restraints, which are adding to the misery of the production units and manufacturing departments.
However, as the number of positive cases are declining, the governments are lifting the restrictions and regulations. Also, the investment in the research and development department is rising that will help in increasing the product availability and launching them in the international market.
The continuous aerosol valves are gaining a huge momentum following the trends that prevailed in the historic forecast period that ended in 2019. For the current period, the market is expected to drive huge growth as it is offering a wide range of applications to the market end-users to choose from. Personal grooming products are witnessing major growth in the automotive sector. The market products are being used for spray paints and lubricants for dispensing aerosol cans and in the food and beverage industry, as well. The food and beverage industry players are demanding aerosol valves due to their convenient dispensing mechanism. One of the most common uses is the whipped cream dispensing aerosol cans.
But, the market is on the lookout for constant sources of funding and investment that will keep the market functioning to meet the rising market trends and demand. Also, the target audience has a variation in their disposable income which affects their purchasing power. Also, the changing preferences and tastes of the target audience is a major issue that the market is facing on the way to its growth during the forecast period that ends in 2028.
The market players are investing in the development of the market by employing technological solutions. Also, the global governments are intervening to create employment opportunities that will help in increasing the disposable income of people, especially in developing countries. Manufacturers are witnessing a major change in the preferences followed by the adoption of convenient packaging methods available that will help the market grow as per the predictions of the market players during the forecast period of 2021-2028.
The aerosol valve market has been divided all across the globe based on type, application, and region.
Based on the Type
The market has been divided all across the globe based on the type into the continuous type and metered type. In terms of volume and value, the largest market share is held by continuous aerosol valves as it is used in various end-user industries. It is user-friendly, highly durable, and has high recycling rates.
Based on the Application
The market has been divided all across the globe based on the application into the healthcare sector, automotive and industrial sector, personal care sector, household sector, food industry, and various others.
Based on the Region
The market has been divided worldwide based on the region into the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region.
The aerosol valves market has been divided all across the globe based on the region into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. The largest market share in the global market is held by the North American region owing to the presence of countries like the US, Canada, and Mexico that drives the market demand in this region. Moreover, increasing demand for food and healthcare products, automotive products, and personal care products is another factor that drives the market demand in this region.
Being the fastest-emerging economy, the second-largest market share in the global market is held by the Asia-Pacific region owing to increasing competition among various major key players coupled with increasing consumer preference for convenient and high-quality packaging creates more market demand in this region. Moreover, the presence of highly populous countries like China and India is another factor that creates more market demand.
The third-largest market share in the global market is held by the European region owing to the presence of a well-established technologically advanced infrastructure that creates more market demand for convenient food in this region. Increasing investment done by various major key players is yet another factor that drives the market demand in this region.
The Latin American region and the Middle East and African region show the least market share due to the presence of low infrastructure in both these regions. Low per capita income is another contributing factor that restricts the market growth in these regions.
The most prominent major key players in the aerosol valves market all across the globe are mentioned below:
These major key players use various strategies to sustain their market position in the aerosol valves market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a unique production process, and many others to expand their customer base in the untapped market of the aerosol valves market all across the globe.
This global aerosol valves market research report consists of the following components mentioned below:
This market research report contains various elements that drive the growth of the aerosol valves market in the global market and the factors that restrict its growth in the global market. The technical analysis in the global market during the forecasted period is mentioned. The impact of the COVID 19 on the aerosol valves market in the global market is mentioned. The future growth rate in the aerosol valves market during the review period is estimated and mentioned.
|CAGR||5.2% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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.)|
|Key Market Opportunities||Gradual Recovery Of deodorants, hairsprays, shaving creams, face & body creams, where aerosol valves|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The aerosol valves market is expected to grow at a higher CAGR of 5.2% in the global market during the forecasted period.
The aerosol valves global market is predicted to reach USD 3.30 billion during Forecast period.
The largest market share in aerosol valves market all across the globe is held by the North American region.
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.).
The most prominent major vital players are Precision Valve Corporation (US), Seung IL Corporation (South Korea), Summit Packaging Systems (UK), KOH-I-NOOR Mlada Vozice a.s. (Czech Republic), LINDAL Group Holding (Germany), Aptar Group (US), Newman Green (US), and various others.