Market Beat Transparency Market Research released a new market report—Aerosol, SPF (Spray Polyurethane Foam) and Aerosol Propellants (CFC, Hydrocarbons, DME and Others) Market for Paints, Coatings, Medical and Household Applications: Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013– 2019—which noted that the global aerosol propellants market was valued at $16.4 billion in 2012 and is expected to reach $23.2 billion by 2019, growing 5.1% from 2013 to 2019. Increasing consumer awareness towards personal health and hygiene and growing demand for different products are the major factors driving the global aerosol market. As a result, one of the major factors driving the demand for propellants is this steady growth of the global aerosol market. Key industries for aerosols include paints and coatings, household products, medical care, auto care, industrial sprays, food and veterinary products. Spray polyurethane foam (SPF), used mainly in the paints and coatings industry, is one of the most predominantly used aerosols and strong demand from this industry is expected to trigger growth of SPF and the overall aerosol industry in the years to come. Hydrocarbons, including propane, n-butane, and isobutene, accounted for over 80% of the total aerosol propellants market volume in 2012 and are expected to grow 4.5% from 2013 to 2019. Hydrocarbons, due to their lower cost and high compatibility with all the other old and new propellants, are widely used in aerosol products. In addition, they are on the “Generally Recognized as Safe” (GRAS) list which is another factor expected to drive market growth. With a 7.7% share in total volume consumption in 2012, dimethyl ether (DME) was the second largest segment of the aerosol propellants market. Chlorofluorocarbons (CFCs), which accounted for 0.3% share in total volume consumption in 2012, are expected to witness decline in their market share in the years to come. Due to stringent environmental regulations, the use of CFC has been phased out from almost all applications. However a small volume of CFC is still in use as an aerosol propellant and is being traded in the black market, according to Transparency Market Research. With over 37% share in total volume consumption in 2012, Europe was the leading regional market for aerosol propellants and is expected to grow 4% from 2013 to 2019. North America was the second largest market for aerosol propellants with 30.7% share in total volume consumption in 2012. Asia Pacific is expected to be the fastest growing region over the next six years, due to rising consumer income, increasing awareness, changing lifestyles and increasing demand for aerosol products. The U.S. was the largest aerosol propellants consuming country in 2012, followed by China and Germany. October 2013 Spray 17
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