Description
Aerosol Valve Market size is valued at USD 2,943.6 million in 2021. It is expected to reach USD 3,595.72 million by 2028, at a CAGR of 2.9% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by value type, by value functionality, and by End users. By value type, the Aerosol Valve market growth has been segmented into Vertical Aerosol Valve and Tilt Aerosol Valve. The Vertical Aerosol Valve segment is likely to be the largest and fastest-growing segment in terms of value type. Based on Value functionality, the Aerosol Valve market is segmented into Continuous and Metered. Among these, the Continuous value functionality segment is expected to have the fastest-growing market during the forecast period 2022-2028. The rise of this segment is mainly because of the growing demand for aerosol-based pharmaceutical goods in the drug delivery mechanism and the growing demand for aerosol valves made of stainless steel. Heat resistance, corrosion resistance, enhanced cleanliness, and long-standing value are just a few of the advantages provided by stainless steel-based aerosol valves. Based on the End users, the Aerosol Valve market is segmented into Automotive, Healthcare, Personal Care, Home Care, Medical, Paints, Food, and Other End Users. The Healthcare segment is expected to have a significant share in 2021. The rising use of aerosol valves in the healthcare industry is driving the market. This can be related to growing pharmaceutical aerosol demand, enhanced healthcare awareness, and increasing healthcare expenditure in developing economies. In the interim, the rising personal care commercial, which is profiting from growing demand for aerosol-based cosmetics, is expected to drive the market. Customer preference for aerosol cans other than foams and traditional creams used by hand is likely to support the aerosol value market share.
Key Development:
In December 2021, Beiersdorf launched eco-friendly aerosol value-containing recycled aluminum cans for the Nivea Men line.
In April 2022, Salvalco expanded its business by securing funding from six companies to enhance its product portfolio.