Market Trends of Aerosol Cans Industry
The Automotive Industry to be the Fastest Growing End User
- The automotive sector's rising demand for aerosol cans fuels a global uptick in aerosol sales. These industrial aerosols are found to be extensively used in automotive applications, spanning from engine degreasing and vehicle polishing to reducing friction wear and providing lubrication. The versatility and efficiency of aerosol cans make them indispensable in maintaining vehicle performance and aesthetics.
- As vehicle sales surge worldwide, the automotive aftermarket is poised for significant growth, amplifying the need for aerosol cans in the automotive segment. This growth is driven by the increasing number of vehicles on the road, boosting the demand for maintenance and repair products.
- Driven by the escalating production and sales of passenger cars, commercial vehicles, and even two-wheelers, the demand for aerosol cans is rising. This demand is further bolstered by the increased need for lubricants and oils, commonly packaged in aerosol form. The convenience and effectiveness of aerosol packaging make it a preferred choice for manufacturers and consumers.
- Illustrating this trend, a January 2024 article in The Economic Times highlighted that India's passenger vehicle sales crossed the 4 million mark in 2023, a first for the country. This surge was attributed to rising disposable incomes, new sport-utility vehicles, and attractive loan rates. Such factors contribute to the growing market for automotive aerosols, as more vehicles require regular maintenance and care.
- Apart from traditional uses, aerosol cans for passenger vehicles are also employed for tire inflators and cleaning. These cans are designed for user convenience, offering quick and efficient application. The ease of use and portability of aerosol cans make them ideal for on-the-go maintenance and emergency repairs.
- Consumers increasingly prioritize vehicle appearance and maintenance, so the demand for products like spray paints and automotive cleaning agents is rising. Given the ease of handling aerosol cans for maintenance tasks and the emphasis on user comfort, many manufacturers are shifting towards aerosol-based products. This trend reflects a broader consumer preference for products that combine efficiency, convenience, and effectiveness in vehicle care.
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Europe is Expected to Hold Significant Market Share
- The French perfume and scent market is experiencing notable growth, largely attributed to the industry's rising utilization of aerosol cans. France's fragrance sector, a standout in the global cosmetics arena, has seen robust expansion, primarily fueled by continuous product innovations. This growth is further propelled by extensive R&D and collaborations among leading perfume manufacturers.
- Given aluminum's high recyclability, an increase in its production revenue is poised to spur investments in recycling infrastructure and sustainability initiatives within the metal packaging sector. This shift bolsters the eco-friendly image of metal packaging and resonates with the increasingly environmentally conscious consumer base, fueling market growth.
- Highlighting the trend, the German Cosmetic, Toiletry, Perfumery, and Detergent Association (IKW) reported that Germany's beauty and personal care segment raked in over USD 17 billion in 2023. This surge in beauty product sales directly translates into opportunities for the aerosol cans market.
- France's rising packaging standards and heightened consumer awareness are key drivers behind the escalating demand for aerosol cans. Eurostat's data projects that France's aluminum production revenue is set to hit around USD 6.824 billion by 2025. As this revenue climbs, it's anticipated to bolster the aluminum supply chain, ensuring a steady stream for metal packaging manufacturers.
- With its burgeoning automotive and personal care sectors, Germany is witnessing a parallel uptick in aerosol can demand. Steel cans, globally renowned for their robustness, are a preferred choice for packaging paints and coatings, offering the necessary protection and diffusion barriers, especially crucial for high-solvent paints.
- Moreover, as the machinery industry, encompassing general machinery, electronic motors, vehicles, and precision appliances, expands, the aerosol market is poised for broader growth. Pressurized aerosol sprays, a staple in advanced nations like Germany, Japan, and the United States, are pivotal in cleaning, maintaining, and servicing electrical components, switches, and circuit boards.
- Driven by heightened environmental concerns and a surge in product consumption, especially in automotive and personal care sectors, consumers increasingly seek aerosol cans with minimal ecological footprints. Additionally, owing to their rigidity, stability, and superior barrier properties, aerosol cans are often the preferred choice for products requiring an extended shelf life.
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