As per the research, the global Aerosol market is likely to grow from $49,710.2 in 2015 to $79,324.8 in 2022. Some of the key factors driving the global growth of the global aerosol market include growth in key end-user industries, rapid industrialization in developing economies and increasing health awareness along with rising cognizance regarding personal care.

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As per the findings of research, the personal care has been the largest application in the aerosol market. Additionally, insecticide is expected to be the fastest growing application segment in the global market for aerosol during the forecast period. Moreover, automotive, household and food and beverages are other major applications in the global aerosol market.

Geographically, Europe has been the largest market for aerosol, where the U.K. has been the largest contributor to the regional market. Further, other major countries such as Germany and Spain are considered among the growing markets for aerosol in the region. The increasing health awareness and the growing concern for personal care and hygiene, is boosting the aerosol demand in Europe.

The developing economies, such as China, India, Brazil, Korea and Malaysia are witnessing fast-paced industrialization and urbanization, creating potential market for aerosol. The increasing automobile production in India, China, Brazil, Indonesia and Germany is anticipated to drive the demand for aerosol. Asia-Pacific accounts for 50% share of the total automotive vehicles manufactured worldwide that offers a high-potential market for aerosols. Additionally, aerosols are preferred for spray paints application in automotive and paints and coatings industry.

The research states that the global market for aerosol had a consolidated structure in 2015, where the top three competitors accounted for a major share of the market. Some of the key players in the global market for aerosol include Reckitt Benckiser Group Plc, Procter & Gamble Company, S C Johnson & Son, Inc., Akzo Nobel N.V., Unilever PLC, Coster Tecnologie Speciali S.p.A. and Thymes, LLC.

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Product launches and strategic partnerships have been the major recent developments in the global aerosol market. For instance, Grupo Ferrer International acquired Alexza Pharmaceuticals in a deal of around $2.0 million to add Alexza Pharmaceutical’s staccato aerosol system to its drug delivery system in May 2016.