Aerosol Market Analysis And Segment Forecasts To 2020
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Aerosol Market Analysis And Segment Forecasts To 2020 Global Aerosol Market is expected to reach USD 70.15 billion by 2020, according to a new study by Grand View Research, Inc. The global aerosol market is expected to witness growth primarily due to growing use in personal care and household applications. These together accounts for the lion share of the application market and are expected to witness growth in line with the end use industries. Global aerosol market growth is primarily dependent on demand dynamics in applications including personal care, household, paints, medical and others including food, automotive and adhesives. Browse the report: http://www.orbisresearch.com/reports/index/aerosol-market-analysis-byapplication-personal-care-household-paint-medical-and-segment-forecasts-to-2020 Personal care was the largest application segment in 2013 owing to new product development in Europe and North America coupled with increasing cosmetics demand from Asia Pacific and Latin America. The segment had an estimated demand of over 6.0 billion units in 2013 and consists of products including deodorant, hair care and body care. Europe was a major regional market with an estimated demand of over 5.0 billion units in 2013 owing to high demand in personal care, household and medical applications. The region is expected to witness below average growth rate owing to VOC and CFC emission related regulations which are expected to restrict aerosol demand.
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Aerosol Market Analysis And Segment Forecasts To 2020 Asia Pacific is expected to be the fastest growing regional market due to relaxed regulatory scenario and high demand for cosmetics and household products. The region is expected to grow at a CAGR of 4.1% from 2014 to 2020. Growing use of personal care products such as deodorants and shaving creams among younger population in emerging markets including India and China is expected to have major impact on market growth. In addition, increasing old age population has propelled use of aerosol in anti-ageing cosmetic products. Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/119454 Key market participants are making extensive efforts for developing sustainable alternatives which use fewer amounts of raw material and energy with low carbon footprint and high recyclability. Global aerosol market is characterized by innovation and new product development as measures to sustain competition. P&G, S C Johnson, Henkel and Reckitt Benckiser are key market participants.
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