Asia Pacific Aerosol Propellants Market Size & Outlook
Asia Pacific aerosol propellants market, 2018-2030 (US$M)
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Asia Pacific aerosol propellants market highlights
- The Asia Pacific aerosol propellants market generated a revenue of USD 2,504.0 million in 2023.
- The market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, hydrocarbons was the largest revenue generating product in 2023.
- DME and Methyl Ethyl Ether is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,504.0 million |
| Market revenue in 2030 | USD 4,250.8 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Hydrocarbons |
| Fastest growing segment | DME and Methyl Ethyl Ether |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hydrocarbons, DME and Methyl Ethyl Ether, Nitrous Oxide and Carbon Dioxide, Other Products |
| Key market players worldwide | Shell PLC, Brother Industries Ltd, The Chemours Co, Mitsubishi Gas Chemical Co Inc, DuPont de Nemours Inc, Honeywell International Inc, Linde PLC, National Fuel Gas Co |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 25.0% of the global aerosol propellants market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,250.8 million by 2030.
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Aerosol Propellants Market Scope
Aerosol Propellants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific aerosol propellants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerosol propellants market will help companies and investors design strategic landscapes.
Hydrocarbons was the largest segment with a revenue share of 83.16% in 2023. Horizon Databook has segmented the Asia Pacific aerosol propellants market based on hydrocarbons, dme and methyl ethyl ether, nitrous oxide and carbon dioxide, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific (APAC) aerosol propellants market is expected to grow at a fast pace, especially in the personal care application owing to various factors such as rapid economic development, growing GDP, increased standards of living, and growing consumer surplus.
In addition, a growing population coupled with rising disposable income in developing countries such as China, India, and Korea are likely to boost the industry demand. Moreover, usage of aerosol propellants is expected to grow in light of high awareness regarding hair spas, hair care treatments, and deep nourishment.
This region is witnessing growth in skincare products and is expected to see further growth in the future on account of growing consumer awareness and increasing spending power. Appearance consciousness among youth and middle age groups is expected to drive the personal care applications market and thus driving the use of aerosol propellants.
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Our clientele includes a mix of aerosol propellants market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific aerosol propellants market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aerosol propellants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific aerosol propellants market size, by country, 2018-2030 (US$M)
Asia Pacific Aerosol Propellants Market Outlook Share, 2023 & 2030 (US$M)
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