Market Beat Global aerosol market to reach $70.15 billion by 2020 A new study by Grand View Research predicts the global aerosol market will reach $70.15 billion by 2020, primarily due to growing prevalence in personal care and household products. New product development in Europe and North America and increasing cosmetics demand from Asia Pacific and Latin America will continue to drive personal care as the largest application segment, but growth is also dependent on demand in paints, medical, food, automotive and adhesives applications. Global aerosol demand is expected to grow at a compound annual growth rate (CAGR) of 3.1% from 14.61 billion units in 2013 to over 18 billion units by 2020. Household aerosol applications will witness the fastest growth, at an estimated 3.5% CAGR, as a result of increasing demand from the home furnishing market and rising hygiene awareness. Asia Pacific is expected to be the fastest growing regional market, due to a relaxed regulatory scenario and high demand for both cosmetics and household products. Global volume sales of aerosol cans to grow 3% annually through 2020 A new report from Research & Markets echoes Grand View’s findings. The global volume sale of aerosol cans, which topped 15 billion units in 2014, is estimated to reach 17.83 billion units by 2020, growing at 3.1% year-over-year. In terms of revenue, the $56.4 billion total value in 2014 will grow at a rate of 3.8%, reaching $70 billion in 2020. Europe held the highest market share (35%) in 2014, while Asia Pacific will be the fastest growing during the projection period. Large retailers such as Walmart and Target will drive companies to improve packaging to better appeal to customers within limited shelf space. Growth expected in Asian natural and organics market Natural and organic cosmetics sales revenues in Asia are projected to exceed $1 billion in the coming years, according to a new study by Organic Monitor. Despite many “Green” brands boycotting China, it remains the most prominent market in Asia, where high-end brands are attracted to the rising purchasing power of its consumers. Japan has the second largest market for natural and organic cosmetics. Many brands are opening stand-alone concept stores across the continent. A growing number of brands are pursuing standards certification, most commonly from Ecocert. 38 Spray September 2015 Forecast calls for dramatic growth in global dimethyl ether market over the next five years The global dimethyl ether (DME) market is expected to reach $8.37 billion in 2020, expanding at a compound annual growth rate (CAGR) of 9.4% over the next five years, according to a new report by Transparency Market Research. The global dimetyl ether market, which was valued at $4.46 billion in 2013, is expected to grow as a result of its favorable physical and chemical characteristics in a time of increasing regulation. Aerosol propellants are the second-largest application for dimethyl ether. Global aerosol propellants market to continue growth The global aerosol propellants market is poised to grow at a compound annual growth rate (CAGR) of 4.79% from 2015–2019, according to a new report from Technavio. Due to bans on the use of CFCs, hydrocarbons are the most widely-used propellants; others, such as nitrous oxide, carbon dioxide and DME may also gain ground. Korean beauty brands find audience in the U.S. Euromonitor International reports Korean companies have found success exporting beauty products to the U.S., where technology, cute packaging and affordable prices are attractive to consumers. BB creams (all-in-one facial beauty balms), originating in South Korea, have particularly exploded in popularity, leading non-Korean companies to develop their own versions. Korean brands have migrated out of ethnic stores and into more mainstream retail outlets.
Spray September 2015
To see the actual publication please follow the link above