The global aerosol valve market size was 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. Aerosol valves are the devices that allow substances to be released from a can or container. Valve, propellant, container, actuator, and product concentrate are the five major components of aerosol valves. The aerosol is basically a suspension of atmospheric particles. Food items, deodorants, hair spray, pesticides, personal care, pharmaceuticals, or other household products all benefit from these aerosol valves.
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Over the projected period, rising product penetration in the healthcare sector for items such as asthma inhalers as well as other types of sprays is expected to enhance demand. Product demand is expected to be driven by rising personal care and household product consumption in various countries. Furthermore, the launch of novel personal care and household goods by FMCG companies such as P&G is likely to boost demand for aerosol components such as valves. Due to the huge number of manufacturers, components needed in the fabrication of aerosol valves, including as gaskets, seals, springs, and dip tubes, are readily available. Furthermore, low product differentiation allows for low-cost supplier change. The combined effect has resulted in suppliers having less negotiation power. Companies in the industry are concentrating on product innovation in order to manufacture eco-friendly components employing the most up-to-date aerosol technologies. There has been a movement in manufacturing over the last few years from traditional production to increased sustainability, which includes reduced energy and raw material use.
The global aerosol valve market segmentation:
1) By Valve Type: Vertical Aerosol Valve and Tilt Aerosol Valve.
2) By Valve Functionality: Continuous and Metered.
3) By End User: Automotive, Healthcare, Personal Care, Home Care, Medical, Paints, Food and Other End Users.
Owing to the huge number of aerosol manufacturers in the region, Europe dominates the aerosol valves industry. Because of its high economic growth, Asia-Pacific (APAC) is predicted to be the fastest expanding market over the projection period of 2022 to 2029. In addition, numerous important market players in the global Aerosol Valves Market sector are currently concentrating their efforts on forming effective joint ventures, acquisitions, and/or partnerships in order to increase their respective consumer bases. They will be able to increase their target bases by being able to cater to them on both a global and domestic level as a result of this. This factor, together with good prospects arising from developing countries in the Asia-Pacific region such as India, China, Taiwan, Indonesia, and others, is expected to boost commercial opportunities for concerned players throughout the projection period.
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There are several industry players working in the Aerosol Valve Industry Market, which include Allurion Technologies (U.S.) Silimed inc. (Brazil) Obalon Therapeutics Inc. (U.S.) Districlass Medical (S.A.) (France) ReShape Medical Inc. (U.S.)
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