Europe Aerosol Propellants Market Size & Outlook
Europe aerosol propellants market, 2018-2030 (US$M)
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Europe aerosol propellants market highlights
- The Europe aerosol propellants market generated a revenue of USD 3,628.5 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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, Russia is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,628.5 million |
| Market revenue in 2030 | USD 5,735.2 million |
| Growth rate | 6.8% (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, Europe region accounted for 36.2% 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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Europe 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 79.11% in 2023. Horizon Databook has segmented the Europe 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.
Europe is one of the fastest-growing regions owing to the growing usage of deodorants and antiperspirants on account of economic prosperity and growing disposable income. Increasing demand for hair care products on account of the aging population in the region is expected to propel market growth.
Furthermore, R&D leading to innovation in shaving cream and gel formulation is expected to positively influence the market. Leading chemical manufacturers such as BASF, Shell, Henkel, and Bostik have established their production base in Europe which is expected to ensure an uninterrupted supply of aerosol propellants in adhesives, sealants, and lubricants to the region.
Moreover, the rising awareness among consumers regarding their well-being and leading a healthy lifestyle has resulted in significantly driving the demand for personal care products including shaving gels, hair mousses, hair sprays, dry shampoos, deodorants, and perfumes.
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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 Europe aerosol propellants market , including forecasts for subscribers. This continent databook contains high-level insights into Europe aerosol propellants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe aerosol propellants market size, by country, 2018-2030 (US$M)
Europe Aerosol Propellants Market Outlook Share, 2023 & 2030 (US$M)
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