The global aerosol valves market is set to enjoy a valuation of USD 1,892.0 Million in 2022, and further expand at a CAGR of 5.2% between 2022 and 2032 to reach USD 3,149.5 Millio by 2032. The aerosol valve sales are anticipated to bolster with the top 5 countries currently holding 35 to 40% of the global aerosol valve market.
The rapid expansion of industries like automotive, pharmaceutical, and cosmetics & personal care along with increased demand for sustainable and eco-friendly packaging solutions is stimulating growth in the global market for aerosol valves.
Based on the product type, the continuous valve segment is expected to lead the global aerosol valve market. FMI predicts a market value share of around 60% for the target segment by the end of 2032.
Demand for aerosol valves is estimated to surge at a steady pace throughout the forecast period, creating an incremental growth opportunity of USD 1,330.8 Million by the end of 2032.
Aerosol valves are packaging solutions that are used to regulate the entrance/exit of a fluid or vapor from a can, tank, container, and other sources. These valves have good sealing performance in the closed state and can reliably and effectively spray out the aerosol content.
They are easy to use, compact, portable, durable, and cost-effective. Thanks to these features, aerosol cans have become increasingly popular across a wide range of industries.
The growing popularity of pharmaceutical aerosols across the healthcare industry is expected to boost the sales of aerosol valves during the forecast period. Today, consumers are showing a keen inclination toward using medication with user-friendly and convenient packaging.
As a result, there has been a rapid rise in the production and consumption of pharmaceutical aerosols. This is creating lucrative growth opportunities for the manufacturers of aerosol valves and the trend is likely to continue during the projection period.
Similarly, increasing applications of aerosol valves across automotive and cosmetics & personal care industries coupled with growing demand for mess-free packaging products with good looks is likely to elevate the demand for aerosol valves over the next ten years.
Attribute | Key Insights |
---|---|
Aerosol Valves Market Estimated Value (2022) | USD 1,892.0 Million |
Projected Market Value (2032) | USD 3,149.5 Million |
Value-based CAGR (2022 to 2032) | 5.2% |
Collective Value Share: Top 5 Companies (2022E) | 35 to 40% |
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The global sales of aerosol valves grew at 3.9% CAGR during the historical period from 2015 to 2021 and reached a total valuation of USD 1,818.7 Million in 2021. However, with growing adoption across various industries due to their convenient and mess-free nature, the overall demand for aerosol valves is projected to rise at 5.2% CAGR between 2022 and 2032.
The past few years have seen a significant rise in the demand for products with convenient and environmentally friendly packaging. One of the most significant advancements in the packaging sector has been aerosol valves, which are used to package a variety of personal care, home care, and healthcare products.
The purpose of the aerosol valve is to regulate the entrance of a vapor or fluid to or from a can, tank, container, etc. Aerosol valves have become increasingly popular due to their notable benefits, including their compact and convenient nature, portability, and cost-effectiveness.
The rapid growth of industries such as automotive, pharmaceutical, cosmetics and personal care, and homecare along with increasing usage of aerosol valves across these sectors is expected to boost the global market during the forecast period.
Similarly, growing consumer spending on personal care and hygiene products, development of advanced and sustainable aerosol valves, and reduction in product prices will help the market to thrive at a steady pace over the next decade.
Booming Automotive Industry to Generate High Demand for Aerosol Valves Through 2032
Due to the increasing urban population and rising levels of affluence, the automotive industry is expanding quickly in emerging countries. Diesel and gasoline vehicles are progressively being replaced by electric or hybrid vehicles in industrialized economies. This in turn is creating a need for aerosol valves.
The market for aerosol valves is expected to expand despite restrictions placed on aerosol production and product safety concerns over the composition of the materials inside the containers.
Additionally, the market for paint spray is growing and the demand for customization and maintenance is rising, which is expected to augment the sales of aerosol valves during the projection period.
The younger generation utilize spray paint to make their automobiles and motorcycles look good and appealing. This will play a key role in elevating the demand for aerosol valves over the next ten years.
Robust Growth of Cosmetics & Personal Care Industry Pushing Demand in Germany
As per FMI, Germany’s aerosol valve market is expected to grow at a steady CAGR of 4.8% during the forecast period (2022 to 2032).
Rapid expansion of the cosmetics and personal care industry, increasing consumer spending on grooming products, and the growing popularity of aerosol cans as ideal packaging solutions are some of the key factors pushing demand for aerosol valves across Germany.
According to Cosmetics Europe-The Personal Care Association, Germany was one of the biggest markets for cosmetic and personal care goods across Europe in 2020. The demand for aerosol valves among manufacturers of cosmetic and personal care goods is being driven by consumers' growing preference for fragrance-based products.
The adoption of economical packaging is rising as the global demand for beauty and personal care products continues to increase.
The availability of innovative, cutting-edge cosmetic and personal care goods, increased consumer purchasing power, and growth in spending on online beauty items are some of the key reasons that are expected to create growth prospects for the German market over the next ten years.
Strong Presence of Leading Manufacturers Boosting Market in the USA
According to Future Market Insights, the USA accounts for a significant share of the global market and it is expected to grow at a steady pace during the next ten years.
Rising consumption of cosmetics and personal care products and increasing demand for simple and more convenient packaging solutions across pharmaceutical and automotive industries are driving the USA aerosol valve market.
Similarly, the heavy presence of the world’s leading manufacturers including Aptar and Precision Valve Corporation is aiding in the expansion of the market for aerosol valves in the USA
The USA is home to some of the leading aerosol valve manufacturing companies that are continuously innovating to develop advanced packaging solutions to meet end-user demands.
They are launching new products with enhanced features to expand their customer base. For instance, in July 2022 PRECISION introduced STORM, which is the latest innovation for the aerosol industry and a disruptive break-up technology for spray actuators.
Continuous Aerosol Valve to Remain Highly Sought-After Product Type
Based on product type, the continuous valve segment will continue to dominate the global aerosol valve market with a projected market share of around 60.0% by the end of the forecast period. Rising usage across diverse industries is a key factor driving sales of continuous aerosol valves.
Most of the aerosol valves are in continuous spray mode. Continuous aerosol valves are versatile, user-friendly, durable, cost-effective, and sustainable, and help to maintain the performance of the spray throughout the lifespan of the aerosol can.
As a result, they have gained immense traction across various industries such as healthcare, cosmetics & personal care, automotive, food & beverage, paint, and others.
Cosmetic & Personal Care Sector to Create Remunerative Prospects for Aerosol Valves
As per FMI, the cosmetics & personal care segment is expected to grow at a CAGR of 5.8% during the forecast period. Rapid growth of the cosmetics and personal care industry, increasing consumer spending, and a high preference for simple packing are some of the key factors driving the growth of this segment.
People across the world are spending large amounts on cosmetics and personal care items such as perfumes, creams, shaving foam, and others owing to social media's pervasiveness and the shift in people's attitude toward personal grooming.
A majority of these products are packed in aerosol cans, increasing production and consumption of these products will eventually generate high demand for aerosol valves during the forecast period.
According to European Aerosol Production, the cosmetic sector uses the aerosol valve in around 57% of its manufacturing. Small firms of today frequently target niche audiences based on their preferences for ecologically friendly goods, organic materials, and unique formulae for challenging skin and hair conditions.
Customers are becoming precise about the products they purchase. They frequently seek details about the contents, supply chain, and packaging. This has prompted cosmetics and personal care companies to use aerosol cans and valves for packaging their products.
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Key manufacturers of aerosol valves are trying to capture the market by expanding their presence and launching new aerosol valves. They are also adopting collaboration or partnership strategies to expand their resources and footprint. Some of the latest developments by the key players are as follows:
Attribute | Details |
---|---|
Expected Market Size (2022) | USD 1,892.0 Million |
Projected Market Size (2032) | USD 3,149.5 Million |
Anticipated Growth Rate (2022 to 2032) | 5.2% CAGR |
Historical Data | 2015 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2022 to 2032 |
Segments Covered | Product Type, Valve Type, End Use, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa (MEA); Oceania |
Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
Key Companies Profiled | Precision Valve Corporation; Coster Tecnologie Speciali S.p.A.; AptarGroup, Inc; Summit Packaging Systems; LINDAL Group; Mitani Valve Co., Ltd.; Clayton Corporation; Newman Green Inc.; The Salford Valve Company Ltd.; Weener Plastics; KOH-I-NOOR Mladá Vožice a.s.; EC Pack Industrial Limited; ARIS Stellantriebe GmbH; Majesty Packaging Systems Limited; Clear Sky |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
The global aerosol valves market size is expected to reach USD 1,892.0 Million in 2022.
The overall market for aerosol valves expanded at a CAGR of 3.9% from 2015 to 2021.
By 2032, the global market for aerosol valves is projected to reach USD 3,149.5 Million.
The worldwide market for aerosol valves is anticipated to grow at a CAGR of 5.2% between 2022 and 2032.
The overall market for aerosol valves is estimated to grow 1.7 times the current market value during the forecast period.
The rapid growth of the cosmetics industry, innovation in aerosol valves, and continuous new product launches are some of the key trends shaping the market for aerosol valves.
Precision Valve Corporation, Coster Tecnologie Speciali S.p.A., AptarGroup, Inc, Summit Packaging Systems, LINDAL Group, Mitani Valve Co., Ltd, Clayton Corporation, Newman Green Inc, The Salford Valve Company Ltd., Weener Plastics, KOH-I-NOOR Mladá Vožice a.s., EC Pack Industrial Limited, ARIS Stellantriebe GmbH, and Majesty Packaging Systems Limited are some of the key players operating in this market space.
As per the FMI analysis, the India market is projected to expand at a CAGR of 6.0% from 2022 to 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2015 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Metered Valve 5.2. Continuous Valve 6. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Valve Type 6.1. Vertical 6.2. Tilt (Toggle) 7. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By End Use 7.1. Healthcare 7.2. Cosmetics & Personal Care 7.3. Homecare 7.4. Automotive 7.5. Food & Beverage 7.6. Others (Paint, Chemical, etc.) 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, by Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa (MEA) 9. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 15. Middle East & Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Country 16. Country-wise Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Precision Valve Corporation 18.2. Coster Tecnologie Speciali S.p.A. 18.3. AptarGroup, Inc 18.4. Summit Packaging Systems 18.5. LINDAL Group 18.6. Mitani Valve Co., Ltd. 18.7. Clayton Corporation 18.8. Newman Green Inc. 18.9. The Salford Valve Company Ltd. 18.10. Weener Plastics 18.11. KOH-I-NOOR Mladá Vožice a.s. 18.12. EC Pack Industrial Limited 18.13. ARIS Stellantriebe GmbH 18.14. Majesty Packaging Systems Limited 18.15. Clear Sky 19. Assumptions and Acronyms Used 20. Research Methodology
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