The global aerosol actuators market is foretold to observe growth at a CAGR of 4.9% and exhibit an estimated value of USD 1.58bn by 2027.
There are several factors that may contribute to the growth of the global aerosol actuators market, however growing adoption of bio-based solvents is likely to increase the production of aerosol products, thus driving the global aerosol actuators market.
Researchmoz briefly explains the aerosol actuators market in terms of market size, drivers, restraints, opportunities, and competitive edge.
Versatile Designs to Boost Sales
Aerosol actuators find their use in various applications such as personal care products, automotive products, household products, etc. These actuators are designed ergonomically for each application; thus, this versatile factor of actuators is anticipated to boost sales in the global actuators market during the forecast period.
The actuator sales depend on the coverage area of the product, such as if the consumer uses the product on themself or the surface.
High and volatile prices of raw materials may dampen the growth of the global aerosol actuators market in the following years.
Nonetheless, rising investment in research and development towards product innovations is anticipated to stimulate the market to grow during the forecast period.
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Sustainability to Drive the Aerosol Actuators Market
The rising concerns over volatile organic compounds and reducing carbon footprints have been the reason behind stringent regulations around aerosol production. The bio-based solvents are gaining traction as compared to the conventional oil-based solvent and the manufacturers are focusing on integrating sustainability in the packaging areas, resulting in the expansion of the global aerosol actuators market in the following years.
Bio-based solvents provide a range of benefits such as low vapour, lesser surface tension, high boiling paint, along with biodegradability and safety to the labour force in the manufacturing facilities. All these sustainability factors are anticipated to lead to growth opportunities in the global aerosol actuators market over the forecast period.
Based on application, the personal care segment would hold a larger share in the global aerosol actuators market during the forecast year.
Deodorant and antiperspirants under personal care products are likely to boost sales in the aerosol actuators market in the forthcoming years.
Europe will hold a larger share in the aerosol actuators market in the forecast years, owing to large production taking place in countries such as Germany, France, and the UK.
Asia Pacific market will witness significant growth during the forecast period, owing to ever-increasing demand from the personal and household products sector.
Some of the prominent players in the global aerosol market include-
- Mitani Valve Co. Ltd
- Summit Packaging Systems Inc
- Lindal Group
- Coster Group
Application Outlook (Revenue, USD Billion)
- Personal Care
- Automotive & Industrial
- The U.S.
Middle East & Africa
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Here are some of the key takeaways from the report.
- The global aerosol actuators market will grow at a CAGR of 4.9% between 2019 to 2027 and will be valued at USD 1.58bn by 2027.
- The personal care segment will bring out more demand for actuators.
- Europe will thrive in terms of regional growth, owing to large scale production in the UK, France, Germany, etc.
- Growing adoption of sustainability will cause growth opportunities in the global aerosol actuators market during the forecast period.
- The Asia Pacific and North America will witness significant growth over the forecast period, thanks to the growing demand for personal care products and the household products sector.
Download Report PDF: Aerosol Actuators Market
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