Europe aerosol container market is expected
to reach USD 1.37 Billion by 2022, according to a new report by Grand View
Research, Inc. Europe aerosol container is expected to witness substantial
growth over the forecast period owing to its widespread use in household,
paint, and medical industries. Furthermore, growing demand for these products
from food & beverage and automotive applications is expected to propel
market growth over the projected period.
Increasing
demand for cosmetic products in countries including UK, France, Germany and
Italy is expected to have positive impact on market growth. Furthermore, rising
demand from personal care sector owing to increasing use of deodorants, hair
sprays, and shaving creams among young population is expected to be a key
driver for aerosol container market growth.
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Further key findings from the study suggest:
- Europe metal aerosol container accounted for over 95% of the market share in 2014. Increasing demand for these products owing to its superior barriers properties which protects the product from negative effects of UV radiation on medical, personal care and food products is likely to increase market share.
- Growing demand for glass aerosol container from medical industry including pharmaceutical manufacturers as well as laboratory research is expected to drive production growth over the forecast period. These containers are non-porous, impermeable and have no chemical interactions with the product stored, thus promoting its use in medical and laboratory applications.
- Metal aerosol container production in France was over USD 130 million in 2014. Presence of large number of personal care companies coupled with rising use of these products in personal care packaging is expected to propel demand over the next seven years. France is the fourth largest paint exporter in the world and has been exporting to economies including Poland, Turkey and Russia. Rising demand for paint from various applications, especially construction, is expected to propel container production in the region.
- UK aerosol container production is expected to witness significant growth, growing at a CAGR of over 4% from 2015 to 2022. Growing demand for these products in personal care products is likely to propel production over the next seven years. Rising demand for these containers owing to their light weight and corrosion resistance properties is expected to propel demand over the forecast period.
- Europe aerosol container market is integrated across various stages of the value chain particularly from container manufactures to end-use industries and recycling companies. Raw material companies include Arcelor Mittal, Alcoa Inc., TW Metals, and Crown Aerosol provides various raw materials including stainless steel and aluminum in the form of rod, sheet, plate, tube or pipe.
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About
Grand View Research:
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
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Email:
sales@grandviewresearch.com
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