Market Analysis
Market Research Future (MRFR) predicts the Aerosol Valves Market to reach USD 2.5 billion at a CAGR of 5.2% from 2020 to 2027 (forecast period).
Aerosol is a particle suspension in the atmosphere. Any aerosol spray product is made up of five major components: an actuator, a valve, a container, a propellant, and a product concentrate. Aerosol valve is basically the equipment that discharges the contents in the form of a spray from the pressurized containers. Aerosol valves are commonly used in the packaging of food, personal care products, hairsprays, deodorants, pharmaceuticals, insecticides, and other household products.
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Because of their ease of use, aerosol-based products are extensively accepted by a large number of consumers, which fuels the popularity of aerosol valves in packaging. The increasing demand for aerosols used for household cleaning is driving the market for aerosol valves. Another factor driving the market for aerosol valves is the rising demand for personal care products. Aerosols are commonly found in deodorants, hairsprays, shaving creams, face and body creams, where aerosol valves are widely used. As consumer lifestyles evolve, advances and innovations in the cosmetic industry are frequently aimed at user convenience. Consumer preference for cosmetics with convenient applications indirectly propels the demand for aerosols and accelerates the market for aerosol valves. The significant constraints for the growth of the aerosol valve market are volatility in raw material prices and the availability of alternatives in terms of packaging and price. However, the disposal of aerosol valves and environmental concerns present a challenge to the growth of the aerosol valve market.
COVID-19 Impact on the Global Aerosol Valves Market
The global outbreak of a new coronavirus pandemic is expected to cause a slight slowdown in the industry. Due to labor shortages, manufacturing operations have come to a halt. This has resulted in a major decline in demand from end-use industries.
Regional Analysis
The key regions included in the market analysis of aerosol valves are the Americas, Asia Pacific, Europe, and the Middle East, and Africa.
North America dominated the aerosol valves market in 2017. This was due to high purchasing power, the growing demand for personal care, automotive, healthcare and food products from the developed economies of the U.S. and Canada. Because of increased awareness about product wastage and container recycling, the United States is expected to dominate the North American aerosol valves market. Furthermore, economic growth, consumer preference for high-quality and convenient packaging, and increased competition among manufacturers are among the factors pushing demand for aerosol valves in this region.
Market Segmentation
The global aerosol valves market has been segmented based on type and application.
Based on type, the global aerosol valves market has been segmented into metered and continuous valves. In terms of both value and volume, continuous aerosol valves have the largest market share. This is due to its increased acceptance in a variety of end-use industries. Continuous aerosol valves, on the other hand, are extremely durable, user-friendly, and have high recycling rates. Furthermore, rising safety and hygiene concerns are driving demand for continuous aerosol valves. Metered aerosol valves are most commonly found in the healthcare industry. With the rising disease prevalence of respiratory disorders such as asthma, metered valves are increasingly being used in asthma inhalers and respiratory equipment, pushing the demand for metered valves in the pharmaceutical industry.
Based on application, the global aerosol valves market has been segmented into food, household, personal care, automotive & industrial, healthcare, and others.
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Key Players
The key players operating of the Global Aerosol Valves market include Aptar Group (U.S.), Precision Valve Corporation (U.S.), Seung IL Corporation (South Korea), Coster Tecnologie Speciali (Italy), LINDAL Group Holding (Germany), Clayton Corp. (U.S.), Mitani Valve (Japan), Summit Packaging Systems (U.K), Newman Green (U.S.), Majesty Packaging System Limited (China), KOH-I-NOOR Mladá Vožice a.s. (Czech Republic), and Salvalco (U.S.).
Summary
The global aerosol valves market is anticipated to hit USD 2.5 billion at a 5.2% CAGR from 2020 to 2027 (forecast period). Aerosol is a particle suspension in the atmosphere. Any aerosol spray product is composed of five main parts: an actuator, a valve, a container, a propellant, and a product concentrate. The equipment that discharges the contents of pressurized containers in the form of a spray is known as an aerosol valve. Aerosol valves are widely used in the packaging of food, personal care products, hairsprays, deodorants, pharmaceuticals, insecticides, and other household products.
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