30-April-2019: The global aerosol valves
market size is projected to reach USD 1.63 billion by 2025 expanding at a CAGR
of 4.2% over the forecast period, according to a new report by Grand View
Research, Inc. Increasing product penetration in the healthcare industry for products,
such as asthma inhalers and other types of sprays, is expected to boost the
demand over the forecast period. Growing consumption of personal care and
household products in various countries is also anticipated to drive the
product demand. In addition, the introduction of innovative personal care and
household products by FMCG manufacturers, such as P&G, is expected to
augment the demand for aerosol components including valves.
The components used for the
manufacturing of aerosol valves, such as gaskets, seals, springs, and dip
tubes, are available in abundance owing to the presence of a large number of
manufacturers. In addition, low product differentiation enables easy supplier
switching at a low cost. The combined effect of this has resulted in low
bargaining power of suppliers. Companies in the industry are focusing on
product innovation for the development of eco-friendly components using latest
aerosol technologies. Over the past few years, there has been a shift from
traditional manufacturing to enhanced sustainability, which includes reduced
use of energy and raw materials.
In
depth research report on Aerosol Valves Market
Further
key findings from the study suggest:
· Continuous
valves accounted for 35.76% of the global revenue share in 2018 due to its
increased penetration in personal care products like deodorant cans, shaving
creams, and waxes
· The
consumption of the product in automotive & industrial segment is expected
to grow at 5.6%, in terms of revenue, from 2019 to 2025 owing to high demand
for aerosol lubricants and greases by various manufacturing industries
· The
Asia Pacific accounted for 19.47% of the global revenue in 2018 due to
increased consumer spending on personal care products and rising demand for
automobiles in India and China
· Some of
the companies in the industry include DS Corporation, LINDAL Group, Coster
Tecnologie Speciali S.p.A., Precision Valve Corporation, and Summit Packaging
Systems.
· Most of
them focus on offering customized products, such as engraved client logo on the
actuator head, to obtaining a significant share in the global aerosol valves
market
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
· Metered
· Others
· Household
· Continuous
· Others
· Automotive
& Industrial
· Continuous
· Others
· Food
· Continuous
· Others
· Paints
· Continuous
· Others
· Medical
· Continuous
· Metered
· Others
· Others
· Continuous
· Metered
· Others
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more research reports of this category:
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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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