Environmental Concerns Hinder Global Aerosol Propellant Market Growth

Fast Market Research announces the availability of Technavio's new report "Global Aerosol Propellant Market 2015-2019" on their comprehensive research portal.

Aerosol propellants comprise two components: aerosols and propellants. Aerosols area mixture of liquid and solid particles suspended in air or gas whereas propellants are chemicals that generate pressure and push the content out of the container. Aerosol propellants provide a convenient method of dispensing aerosols. They provide a targeted stream which ensures minimal wastage. Based on product type aerosol propellants are classified into hydrocarbons nitrous oxide and carbon dioxide DME CFC and others. Aerosol propellants are widely used in personal care household pharmaceutical paint and coating industrial and related applications.

Technavio's analysts forecast the global aerosol propellant market to grow at a CAGR of 4.79% over the period 2014-2019.

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The report analyst commented "Environmental concerns and hazardous waste released by aerosol propellants are hindering market growth. Consumers are demanding eco-friendly aerosol propellants. Governments in the US and Europe have banned the production of CFCs to prevent ozone layer depletion. Many manufacturers are investing in R&D to cater to the growing demand for eco-friendly propellants. For example Honeywell has introduced Solstice propellant that exhibits favorable environmental properties. This propellant is non-flammable with low GWP and photochemical reactivity. The propellant also serves as a replacement for liquefied gas propellants to reduce greenhouse gas emissions and prevent ozone layer depletion."

According to the report aerosol propellants are widely used in air fresheners oven cleaners vegetable oil sprays computer cleaning products disinfectants insecticides sprays furniture polish and spray paints owing to their low cost and eco-friendly nature. The market in APAC is expected to grow rapidly because of increased demand from the household sector. China and India are the major producers and consumers of aerosol propellants in this region.

Further the report states that regulation against the use of CFCs is one of the major challenges.

The key players in the Global Aerosol Propellants Market are Aeropres Akzo Nobel Bayer MaterialScience Honeywell International Lapolla Industries National Gas and Royal Dutch Shell while other prominent vendors include Aveflor Diversified CPC DuPont Gerstung Aerosol Harp International K-G Packaging MBC Aerosol Pro Aerosol Quality Aerosol Recycle Aerosol Shanghai Cal Custom Manufacturing & Aerosol Propellants Southern Aerosol and Westech Aerosol

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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