15 October 2018, the global Aerosol Propellants Market size is projected to reach USD 11 billion by 2024. The development of high-quality propellant formulations with enhanced product dispensing capacities can drive this industry during the forecast period (2016-2024). In addition, widespread adoption of various aerosol-based personal care and household products could also positively influence the market. This trend is mainly observed in developing countries, like India, Thailand, etc. Moreover, rising technological developments resulting in the production of superior propellant combinations may stimulate market demand.
Growth of the Aerosol Propellants Market depends greatly on the availability of raw materials, such as crude oil and natural gas. Moreover, cost of the product depends on the prices of crude oil and natural gas. High production of natural gas in Asia-Pacific and North America could boost the demand for aerosol propellants in the years to come. Additionally, greater tcontinue reading →