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Aerosol Propellants Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa Research
“Aerosol Propellants Market worth USD 11 billion
by 2024�
The global aerosol propellants market size is projected to reach USD 11 billion by 2024. The development of high-quality propellant formulations with enhanced product dispensing capacities can drive this industry during the forecast period (2016-2024). In addition, widespread adoption of various aerosol-based personal care and household products could also positively influence the market. This trend is mainly observed in developing countries, like India, Thailand, etc. Moreover, rising technological develop ments resulting in the production of superior propellant combinations may stimulate market demand. Growth of the Aerosol Propellants Market depends greatly on the availability of raw materials, such as crude oil and natural gas. Moreover, cost of the product depends on the prices of crude oil and natural gas. High production of natural gas in Asia-Pacific and North America could boost the demand for aerosol propellants in the years to come. Additionally, greater technological initiatives resulting in the p roduction of high-quality cans that are aesthetically appealing may augment the demand for these cans. This in turn can propel the global market.
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