Aerosol Valves Market Size was valued at USD 1.89 Billion in 2023. The Aerosol Valves industry is projected to grow from USD 1.99 Billion in 2024 to USD 2.84 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.56% during the forecast period (2024 - 2032). Rising demand for cosmetics and rising disposable income in middle-class households are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for aerosol valves is being driven by the rising income for disposal among middle class people. Aerosol valves maintain pressure between two fluids to force product through an atomizer that generates a useful, thin mist. This is accomplished by adding two distinct fluids to the canister, can, or reservoir. One of the primary factors propelling the growth of the aerosol valves market is the trend towards more user-friendly and convenient packaging. The widespread use of pain relief sprays, asthma inhalers, and other sprays used to treat pain, sunburn, insect infestations, and itching issues drives market expansion. Increased demand for aerosol cans to package personal care products as a result of their convenience of use and the presence of major personal care product manufacturers have a further impact on the market.
Additionally, the market for aerosol valves is being driven by the increasing demand for aerosol personal care products and home cleaning products. Deodorants, hairspray, grooming cream, face lotion, and body cream are sold in aerosol containers. The availability of packaging and pricing alternatives, as well as fluctuations in the cost of basic materials, are the most significant market restraints for aerosol valves. Environmental concerns and the recycling of aerosol valves impede the growth of this market. Gaskets, seals, springs, and dip tubes, which are utilized in the production of aerosol valves, are abundantly available due to the presence of numerous manufacturers. In addition, low differentiation in products facilitates cost-effective and simple supplier switching. This has manifested in the suppliers' lack of bargaining power, which has an effect on the overall price of valves.
As the worldwide market for personal care goods and cosmetics continues to rise, there is a rise in the use of packaging that is economical. The accessibility of innovative, cutting-edge personal care and cosmetics items, an increase in consumer purchasing power, and a rise in spending on online beauty products are some of the primary factors that are anticipated to create growth opportunities for the German market over the next decade.
For instance, according to AEROBAL, the cosmetics industry remains by far the most significant market for aluminum aerosol cans, accounting for nearly 85% of the total quantity produced worldwide. Deodorants and fragrances account for every second can produced and have a market share of 60%, which is followed by hair sprays, hair mousses, and various other cosmetic items. Aerosol valves will be in greater demand as a result of the increase in aluminum aerosol cans. This is driving the Aerosol Valves market revenue.
The Aerosol Valves market segmentation, based on product type includes stainless steel, carbon steel, and others. The stainless steel segment dominated the market. The expanding demand for stainless steel aerosol valves in the personal hygiene industry for aerosol cans containing various products including deodorants, face & body creams, shaving foams, and fragrances. Aerosol valves made from stainless steel have numerous benefits, including resistance to corrosion, heat, improved hygiene, and durability. These valves are also utilized in the pharmaceutical industry's medical delivery systems.
The Aerosol Valves market segmentation, based on type, includes continuous type, and metered type. It is anticipated that the category for continuous type will expand significantly. Aerosol valves comprised of stainless steel offer a number of advantages, including resistance to corrosion and heat, enhanced hygiene, and long-term value. The growing use of constant aerosol valves in deodorants, spray paints, and other items for personal use is anticipated to drive the segment's growth over the forecast period.
Figure1: Aerosol Valves Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Aerosol Valves market segmentation, based on application, includes healthcare sector, automotive, industrial sector, personal care sector, household sector, and food industry. The market is being driven by the increasing use of aerosol valves in medicine. This is attributable to increasing demand for pharmaceutical aerosols, increased medical care knowledge, and rising healthcare expenditures in emerging economies. In addition, the expanding personal care industry, which is benefiting from a growing preference for aerosol-based cosmetics, is expected to be a market driver. The preference of consumers for aerosol cans as opposed to hand-applied traditional lotions and foams is anticipated to boost product demand.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Aerosol Valves market area will dominate this market. The market for aerosol valves in North America is driven by the increasing consumption of cosmetics and personal care products, as well as the demand for simpler and more convenient packaging solutions in the pharmaceutical and automotive industries.
Further, the major countries studiedin the market reportare The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: AEROSOL VALVES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Aerosol Valves market accounts for the second-largest market share due to the high concentration of aerosol manufacturers in the region. Further, the German Aerosol Valves market held the largest market share, and the UK Aerosol Valves market was the fastest growing market in the European region
The Asia-Pacific Aerosol Valves Market is expected to grow at the fastest CAGR from 2023 to 2032. Due to population growth and improved product quality, the market for aerosol valves is increasing. Moreover, China’s Aerosol Valves market held the largest market share, and the Indian Aerosol Valves market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Aerosol Valves market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Aerosol Valves industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Aerosol Valves industry to benefit clients and increase the market sector. In recent years, the Aerosol Valves industry has offered some of the most significant advantages to packaging industry. Major players in the Aerosol Valves market, including Aptar Group (US), Precision Valve Corporation (US), Coster Tecnologie Speciali (Italy), LINDAL Group Holding (Germany), Mitani Valve (Japan) and others, are attempting to increase market demand by investing in research and development operations.
The LINDAL Group specializes in the design, development, manufacturing, and distribution of aerosol dispensing packaging solutions that are tailored to satisfy a wide range of customer requirements and market applications. Our product line consists of a comprehensive selection of valves, actuators, barrier packs, and associated accessories that meet the technical and aesthetic needs of our customers, allowing them to excel in an increasingly competitive market. In 2021, The Lindal Group collaborated with the technology firm Alternative Packaging Solutions (APS) to create minimalist packaging. It is a new, globally patented continuous distribution system that provides a reusable and environmentally friendly alternative to the current aerosol format.
Aptar Group, Inc., also known as Aptar, is an international supplier of consumer dispensing packaging and medication delivery devices based in the United States. The organization has manufacturing facilities in 18 nations. The liquid aerosol medication delivery technology platform from Aptar functions as a ready-to-use, unit-dose, single-shot system for Narcan. It was the first nasally administered, prepared-to-use medication approved by the FDA to rectify an opioid overdose. The administration of Narcan does not require assembly, medical education, or needles. In June 2019, Nanopharm and Gateway Analytical were the two businesses that Aptar acquired. Noble International, a company specializing in instruction devices and patient induction, was acquired by the company in November of 2019..
April 2022: PRECISION, a manufacturer of aerosol valves and actuators, has introduced a 3D configurator to assist clients in visualising new products. The new 3D configurator, which is offered for free, is intended to reduce tension and save money.
April 2022: Salvalco, a Yorkshire-based manufacturer of specialised aerosol technology, has secured €2.5 million in expansion funding from a consortium of six companies, including Green Angel Syndicate, Beiersdorf, Foresight Williams Technology, AWI Ltd, Fin.Essa, and Growthdeck Ltd. The new funds will be used to expand manufacturing capacity at Salvalco's facility in Thailand and will also be invested in research and development operations and the expansion of the company's patent portfolio.
December 2021: Beiersdorf introduced a more climate-friendly aerosol valve system for its Nivea Ecodeo product line and 100% recycled aluminium cans for its Nivea Men product line as part of its sustainability programme. In addition, the company stated that this variety of deodorants and shaving gels would be made available on the European market in environmentally friendly packaging.
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