Aerosol Valves Market To Surpass $1.87 Billion By 2025 | Key Industry Players Coster Group, Lindal Group
San Francisco, 13
December 2018 - The
global aerosol valves market is expected to reach USD
1.87 billion by 2025, growing at a CAGR of 5.5%, according to a new report by
Grand View Research, Inc. Rising demand for aerosol based household cleaners is
expected to emerge as a major factor driving growth. In addition, growth in the
demand for easy to use products due to widening consumer acceptance is likely
to drive growth.
The raw
materials required for the product manufacture such as springs, dip tubes, and
coatings are procured from low cost suppliers. The industry witnesses the
production of highly customized products with the specifications varying with
the can design. In addition, the wide availability of raw materials results in
a diminished supplier power for the manufacturers.
The industry is
characterized by the presence of stringent regulations by agencies, pertaining
to the raw material grades and coatings used in the valve systems. However, the
industry is expected to witness limited regulations, primarily in Asia Pacific,
thereby realizing high growth.
Introduction of
innovative products by key FMCG manufacturers such as P&G and Unilever in
high potential markets including China and India in light of expansion of the
domestic retail markets is expected to promote the usage of such products. This
trend is expected to expand the market size over the forecast period.
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or view summary of this report:
www.grandviewresearch.com/industry-analysis/aerosol-valve-market
www.grandviewresearch.com/industry-analysis/aerosol-valve-market
Further key
findings from the study suggest:
- The demand for aerosol valves for personal care products accounted
for 35.8% of the consumption volume in 2016, driven by rising sales of
products such as deodorants, hairsprays and shaving creams
- The demand for continuous valves in household segment is expected to
register a CAGR of 4.9% by revenue from 2017 to 2025 due to heightened
product consumption envisaged by limited human interaction with aerosol
cleaners
- The demand other valves including bag-on-valves in the food segment
is likely to register a CAGR of 5.8% from 2017 to 2025 due to superior
product performance for dispensing food products
- The market in North America accounted for a consumption of 4,682.8
million valves due to high aerosol production in the U.S. The industry is
expected to grow in the wake of high adoption levels coupled with
increasing penetration levels
- China is estimated to account for an industry revenue of USD 102.4
million in 2016, on account of low cost production coupled with superior
economies of scales achieved by the manufacturers in the economy
- Key players including Mitani Valve and Coster Group lay high
emphasis on capacity increases in order to gain market share and increase
the company revenues
Grand View Research has segmented the global aerosol
valves market on the basis of application, and region:
Aerosol Valves Application Outlook (Volume, Million
Units; Revenue, USD Million, 2014 - 2025)
- Personal Care
- Continuous Valves
- Metered Valves
- Other Valves
- Household
- Continuous Valves
- Other Valves
- Automotive & Industrial
- Continuous Valves
- Other Valves
- Food
- Continuous Valves
- Other Valves
- Paints
- Continuous Valves
- Other Valves
- Medical
- Continuous Valves
- Metered Valves
- Other Valves
- Others
- Continuous Valves
- Metered Valves
- Other Valves
Aerosol Valves Regional Outlook (Volume, Million Units;
Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
Access Press Release Of
This Research Report by Grand View Research:
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.
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