Market Overview
The Global Aerosol Propellants Market reached US$ 10.29 billion in 2024 and is expected to reach US$ 28.31 billion by 2033, growing at a CAGR of 11.3% during the forecast period 2025-2033.
Aerosol propellants are critical components of aerosol products, which are widely used to disperse a variety of substances such as personal care products, household cleaners, and industrial uses. These propellants are gases that generate internal pressure within an aerosol canister, allowing the contents to be ejected as a fine mist or spray when the valve is actuated. The term "aerosol" refers to a suspension of fine solid particles or liquid droplets in a gas, and in the context of aerosol products, it denotes the combination of the product and the propellant that permits its delivery.
The increasing urbanization and industrialization is the driving factor that drives the market over the forecast period. For instance, according to the India Brand Equity Foundation, in 2023, India's GDP surged by 8.4% in the October-December quarter, surpassing expectations. Manufacturing exports have registered their highest-ever annual exports of US$ 447.46 billion with 6.03% growth due to quick industrial growth. Due to industrialization, the demand for aerosol propellants increases due to various industrial applications of aerosol propellants in the manufacturing sector.
Executive Summary
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Market Dynamics: Drivers & Restraints
Increasing urbanization and industrialization
The increasing urbanization and industrialization is expected to be a significant factor in the growth of the global aerosol propellant market. As cities and populations expand, so does the demand for aerosol products, which range from personal care items to home cleaners. This tendency is particularly noticeable in places such as Asia Pacific, where rapid urbanization is combined with rising disposable incomes and an increasing middle class. China and India are seeing significant growth in companies that rely heavily on aerosol propellants, such as personal care, automotive, and paints & coatings. This increased demand for aerosol items needs a matching increase in propellant production, therefore fueling market expansion.
The increasing urbanization results in an increase in traffic which results in an increase in air pollution and contaminates the air that we breathe. So aerosol propellents are used to reduce the greenhouse gas emissions. In recent times ecologically friendly propellants have been launched by major players. For instance, in July 2024, Aerosol Innovations Corp. introduced a new, ecologically friendly propellant blend that aims to reduce greenhouse gas emissions by 30%. This introduction is in line with the tightening of environmental standards worldwide.
The increase in industrialization is one of the major driving factors. In recent times, the number of industries is increasing day by day which increases the demand for aerosol propellant as a part of industrial applications. For instance, according to the United Nations Industrial Development Organization, globally, there was a 2.3% growth in industrial sectors, encompassing manufacturing, mining, electricity, water supply, waste management, and other utilities, signaling an increasing expansion of industrialization across the globe. The interaction between urbanization and industrialization is a primary driver of the worldwide aerosol propellant market. As consumer demand evolves alongside urban growth, manufacturers are compelled to develop and modify their manufactured products in order to remain competitive in a fast-changing market.
Safety concerns
Factors such as safety concerns are expected to hamper the global aerosol propellant market. One of the main concerns is the flammability of many aerosol propellants, which often contain hydrocarbons like propane and butane. These compounds are not only volatile, but they can also easily ignite when exposed to heat or open flames, posing significant fire risks. The pressurized nature of aerosol cans increases the risk of fire; if they overheat or are punctured, they can explode, inflicting injury or property damage. Such concerns need severe safety procedures during both manufacturing and usage, which can discourage customers and companies from using aerosol products entirely.
Segment Analysis
The global aerosol propellant market is segmented based on product, type, application, distribution channel and region.
Medical segment is expected to dominate the global aerosol propellant market share
The medical segment is the most dominant due to the increasing number of respiratory diseases that increase the demand for aerosol propellants. For instance, according to the American Lung Association, COPD affects 11.7 million adults and accounts for hundreds of thousands of emergency department visits and tens of billions in healthcare costs each year. Moreover, according to the World Health Organization, chronic obstructive pulmonary disease (COPD) is the fourth leading cause of death worldwide, causing 3.5 million deaths, approximately 5% of all global deaths.
The aerosol propellant suspensions help in the treatment and reduction the respiratory disorders. Aerosol propellants are essential in the formulation of pressurized metered-dose inhalers (pMDIs), which are commonly used to administer bronchodilators and corticosteroids straight to the lungs. These inhalers use propellants to produce a tiny mist of medication that can be deeply inhaled into the respiratory system. This approach ensures that a higher concentration of the medicine reaches the site of action in the lungs than oral or injectable versions, resulting in faster symptom alleviation and more effective treatment of chronic respiratory disorders.
For instance, In March 2024, Honeywell Group launched an alternative medical propellant that can aid in reducing greenhouse gas (GHG) emissions from these lifesaving treatments. Solstice Air is the next generation hydrofluoroolefin(HFO)-based propellant technology. Solstice Air is the next generation hydrofluoroolefin(HFO)-based propellant technology. The increasing number of cases of respiratory diseases and recent launches using novel technology make the medical segment a dominant one.
Geographical Analysis
North America is expected to hold a significant position in the global aerosol propellant market share
The aerosol propellant market in the North American Region is driven by several key factors that underscore its robust industrial landscape and consumer demand. The manufacturing sector in the United States, which accounts for approximately 11% of the country's GDP, is critical to increasing demand for aerosol propellants in a variety of industries, including personal care, medical, automotive, and industrial applications. A well-established industrial infrastructure makes it easier to produce and distribute aerosol products. Furthermore, Canada's extensive industrial capabilities, particularly in the automobile sector, strengthen the North American market.
The industrialization is growing at a very quick rate in the North American region. For instance, there are 20,000 large corporations and industries in the USA (>500 employees). The services sector is the largest sector at 70% of the Gross Domestic Product (GDP). Various industries require aerosol propellants for various applications within the industry and the demand for aerosol propellants will be in increasing phase due to industrialization. Canada is one of the largest manufacturers in the automobile industry. For instance, in 2023, Canadian automobile sales were projected to reach approximately 1.65 million units. The industry produced over 1.2 million vehicles that year, contributing significantly to both local economies and exports. For the automobile industries, aerosol propellants play an important role such as lubricants, Cleaning Products, and spray paints. The demand for aerosol propellants increases due to wide applications in various industries.
Asia Pacific is growing at the fastest pace in the global aerosol propellant market
Rapid industrialization and urbanization in nations such as China and India have been key drivers of growth in the Asia Pacific area. As these countries’ economies grow, disposable incomes and living standards rise, driving demand for a wide range of aerosol products. The personal care industry, in particular, is experiencing tremendous expansion, with rising demand for deodorants, hair sprays, and other grooming goods. This development reflects shifting lifestyles and increased consumer awareness of personal grooming and cleanliness, resulting in a higher dependence on aerosol formulations for convenience and efficacy.
The industrialization and urbanization are growing at a quick rate in India and China. For instance, according to the India Brand Equity Foundation, FDI in India's manufacturing sector has reached US$ 165.1 billion, a 69% increase over the past decade, driven by production-linked incentive (PLI) schemes. In the last five years, total FDI inflows amounted to US$ 383.5 billion. India's manufacturing sector is poised to reach US$ 1 trillion by 2025-26, led by Gujarat, Maharashtra, and Tamil Nadu, fueled by investments in automobile, electronics, and textile industries. The increased industrialization increases the demand for aerosol propellant products as a part of wide industrial applications and drives the market in this region.
Competitive Landscape
The major global players in the global aerosol propellant market include PPG Industries, Inc., The Sherwin-Williams Company, RPM International Inc., NIPSEA Group, Cardolite Corporation, Evonik Industries, Qualipoly Chemical Corp, Alberdingk Boley, Eternal Materials Co., Ltd., Wacker Chemie AG among others.
Emerging Players
LGrillo Werke AG, BioFlyte, and Aerogen among others
Key Developments
• In February 2024, Salvalco announced its latest collaboration with Proctor & Gamble’s (P&G) personal care brand Native and its brand-new Girl Scout Cookie range. The companies collaborate together and manufacture an aerosol format deodorant & body spray as well as stick deodorant, body wash, shampoo, and conditioner. These products are based on inert gas-propelled aerosol valve technology.
| Metrics | Details | |
| CAGR | 11.3% | |
| Market Size Available for Years | 2018-2033 | |
| Estimation Forecast Period | 2025-2033 | |
| Revenue Units | Value (US$ Mn) | |
| Segments Covered | Product | Hydrocarbons, Nitrous Oxide and Carbon Dioxide, DME and Methyl Ether, Others |
| Type | Compressed Gas Propellants, Liquefied Gas Propellants | |
| Application | Household, Personal Care, Paints & Coating, Medical, Automotive & Industrial, Foods, Others | |
| Distribution Channel | Retail Stores, Online Stores, Industrial Distributors | |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa | |
Why Purchase the Report?
- Pipeline & Innovations: Reviews ongoing clinical trials, product pipelines, and forecasts upcoming advancements in medical devices and pharmaceuticals.
- Product Performance & Market Positioning: Analyzes product performance, market positioning, and growth potential to optimize strategies.
- Real-World Evidence: Integrates patient feedback and data into product development for improved outcomes.
- Physician Preferences & Health System Impact: Examines healthcare provider behaviors and the impact of health system mergers on adoption strategies.
- Market Updates & Industry Changes: Covers recent regulatory changes, new policies, and emerging technologies.
- Competitive Strategies: Analyzes competitor strategies, market share, and emerging players.
- Pricing & Market Access: Reviews pricing models, reimbursement trends, and market access strategies.
- Market Entry & Expansion: Identifies optimal strategies for entering new markets and partnerships.
- Regional Growth & Investment: Highlights high-growth regions and investment opportunities.
- Supply Chain Optimization: Assesses supply chain risks and distribution strategies for efficient product delivery.
- Sustainability & Regulatory Impact: Focuses on eco-friendly practices and evolving regulations in healthcare.
- Post-market Surveillance: Uses post-market data to enhance product safety and access.
- Pharmacoeconomics & Value-Based Pricing: Analyzes the shift to value-based pricing and data-driven decision-making in R&D.
The global aerosol propellant market report delivers a detailed analysis with 60+ key tables, more than 50 visually impactful figures, and 176 pages of expert insights, providing a complete view of the market landscape.
Target Audience 2024
- Manufacturers: Pharmaceutical, Medical Device, Biotech Companies, Contract Manufacturers, Distributors, Hospitals.
- Regulatory & Policy: Compliance Officers, Government, Health Economists, Market Access Specialists.
- Technology & Innovation: AI/Robotics Providers, R&D Professionals, Clinical Trial Managers, Pharmacovigilance Experts.
- Investors: Healthcare Investors, Venture Fund Investors, Pharma Marketing & Sales.
- Consulting & Advisory: Healthcare Consultants, Industry Associations, Analysts.
- Supply Chain: Distribution and Supply Chain Managers.
- Consumers & Advocacy: Patients, Advocacy Groups, Insurance Companies.
- Academic & Research: Academic Institutions.
