Projected aerosol valves market of €1.45 billion by 2025, Grand View Research Inc.
The global aerosol valves market size was valued at USD 1.23 (€1.09) billion in 2018 and is expected to register a CAGR of 4.2% over the forecast period, pointing to a projected USD 1.63 (€1.45) billion by 2025.
Increasing product penetration in the medical industry is expected to boost market growth; increasing use of pain relief sprays, asthma inhalers and other types of sprays, which are used to treat pain, sunburn, insect bites, and itching problems, is expected to increase the product demand over the forecast period.
In addition, rising demand for aerosol cans for the packaging of such products due to ease of use is anticipated to drive the market.
Presence of major personal care products manufacturing companies, such as Estee Lauder, Johnson & Johnson, and Procter & Gamble, in U.S. is anticipated to have a positive impact on the aerosol valves market growth in North America. Constant research and development by these companies is expected to propel the product demand over the forecast period. Valve stems, gaskets, seals, coatings, dip tube and springs are used as raw materials for the production of aerosol valves.