North America Aerosol Propellants Market Size & Outlook
North America aerosol propellants market, 2018-2030 (US$M)
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North America aerosol propellants market highlights
- The North America aerosol propellants market generated a revenue of USD 2,221.3 million in 2023.
- The market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, hydrocarbons was the largest revenue generating product in 2023.
- Other Products is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,221.3 million |
| Market revenue in 2030 | USD 2,937.0 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Hydrocarbons |
| Fastest growing segment | Other Products |
| 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, North America region accounted for 22.2% 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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North America 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 81.49% in 2023. Horizon Databook has segmented the North America 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.
North America aerosol propellants market is expected to witness growth owing to the market presence of FMCG companies such as Proctor & Gamble and Unilever in the U.S. The prime focus of aforementioned companies towards new product developments in personal care products and household products are expected to promote aerosol propellants market growth over the forecast period.
Also, the manufacturing industry of the U.S. contributes nearly 11% of the country’s GDP and this projects a positive outlook for the aerosol propellants consumption in the personal care, medical, paints & coatings, food, automotive and industrial manufacturing industries of the U.S.
Canada also has sizable manufacturing industries with a prominence of automobile industry. However, the country’s leadership in terms of oil and natural gas resources promotes its raw material supply ability in the aerosol propellants market.
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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 North America aerosol propellants market , including forecasts for subscribers. This continent databook contains high-level insights into North America aerosol propellants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America aerosol propellants market size, by country, 2018-2030 (US$M)
North America Aerosol Propellants Market Outlook Share, 2023 & 2030 (US$M)
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