Worldwide aerosol valve market is was valued at 14.7 billion units in 2014. Increasing aerosol products demand such as deodorants, room fresheners and antiperspirants is driving the demand globally. Key Firms like Unilever and P&G has introducted innovative products in the market. This has impacted the demand for aerosol valve in regions like India and China majorly.
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Augmenting focus on metered dose devices with appropriate budget allocations for their expansion is several applications will drive the demand. This has majorly impacted the healthcare applications. Technological advancements such as stahl monobloc cans and airless dispensers are projected to present new avenues to the market participants.
Based on products, continuous valves are majorly used worldwide. This segment contributed for over 80% of the total market share. A key use of continuous valves is in household, topical aerosol containers, paint and personal care industries.
In addition, In terms of revenue, metered valves are likely to go through considerable growth. This segment is projected to grow at a CAGR of over 4.2% from 2015 to 2022.Other products like Polyutherane and bag-on valves will experience considerable growth over the coming years. On the basis of geography, personal care products led the overall market. In 2014, this segment accounted for over 5.6 billion units. Augmenting consumption for hygienic products coupled with increasing health concerns among consumers is likely to boost the overall market demand.
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In addition, food sector will experience considerable gains in terms of volume. This segment is growing at a CAGR of 3.2% from 2015 to 2022.Other uses of aerosol valves is in coffee powders, salad dressing, icing, mustard, ketchup and cheese spreads. Constantly growing food& beverage industry in developing markets of China, Brazil and India owing to changing eating habits will exhibit a positive effect in the region. In addition, rising domestic consumption in aforementioned regions is also expected to boost the aerosol valve market demand.
In 2014, Europe led the worldwide market for aerosol valve contributing over 5.6 billion units. This region is anticipated to undergo sluggish growth over the coming years. Furthermore, Robust manufacturing base of cosmetic products in regions like UK, Germany, Spain and France is projected to augment the utilization of these products over the forecast period.
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