Aerosol Caps Market Is Projected To Grow At A CAGR of 4.7% By 2025: Key Industry Players Plasticap, Aspire Industries
San
Francisco, 26 September 2018 - The global aerosol caps market is expected to reach USD 440.5
million by 2025, growing at a CAGR of 4.7%, according to a new report by Grand
View Research, Inc. Increasing demand for the product in aerosol used in
personal care and household application is expected to drive growth.
Growing demand for the aerosols in the automotive
& industrial application is expected to drive industry growth over the next
eight years. The increasing utilization of aerosol paint cans in enhancing the
aesthetic value of the vehicle is expected to drive the demand over the
forecast period.
The increasing use of aerosol products in the
personal care industry is expected to have a positive impact on the demand.
However, the substitution by new technologies in the aerosol industry is
expected to restrain growth. In addition, the rising environmental & human
health concerns pertaining to aerosol products is expected to restrain growth.
The industry is fragmented with local manufacturers
accounting for majority of the market share. These players cater to their
existing customers and provide personalized services to retain them. As a
result, players catering to the global market struggle to acquire new customers
in a supplier saturated market.
Full
Research Report On Global Aerosol Caps Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/aerosol-caps-market
www.grandviewresearch.com/industry-analysis/aerosol-caps-market
Further key findings from the report suggest:
- Personal care accounted for 45.3% of the
overall revenue share in 2016 on account of the growing demand for aerosol
products in hair care and skin care applications coupled rising consumer
grooming standards
- Automotive & industrial applications
accounted for over 23.5% of the volume share in 2016 owing to high
utilization of bug & tar remover, cleaner, degreaser aerosol sprays
coupled with growing automotive industry
- Food & paints applications accounted for
over USD 75 million on account of the growing demand for aerosol technology
in manufacturing spray paint cans, cheese cans and other related products
- The U.S. accounted for 24% of the overall
industry owing to the presence of major automotive players in the country
coupled with increasing demand for aerosol technology in automotive
industry
- The major players in industry are vertically
integrated and adopt different technologies for improving the quality of
raw materials and molding techniques to enhance the quality of the aerosol
caps
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global aerosol caps market on the
basis of application and region:
Aerosol
Caps Application Outlook (Volume, Million Units; Revenue, USD Million, 2014 -
2025)
- Personal
Care
- Household
- Automotive
& Industrial
- Foods
- Paints
- Medical
- Others
Aerosol
Caps Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 -
2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-aerosol-caps-market
www.grandviewresearch.com/press-release/global-aerosol-caps-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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