San Francisco, 13 December 2018 - The global aerosol valves market is expected to reach USD 1.87 billion by 2025, growing at a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Rising demand for aerosol based household cleaners is expected to emerge as a major factor driving growth. In addition, growth in the demand for easy to use products due to widening consumer acceptance is likely to drive growth.
The raw materials required for the product manufacture such as springs, dip tubes, and coatings are procured from low cost suppliers. The industry witnesses the production of highly customized products with the specifications varying with the can design. In addition, the wide availability of raw materials results in a diminished supplier power for the manufacturers. The industry is characterized by the presence of stringent regulations by agencies, pertaining to the raw material grades and coatings used in the valve systems. However, the industry is expected to witness limited regulations, primarily in Asia Pacific, thereby realizing high growth. Introduction of innovative products by key FMCG manufacturers such as P&G and Unilever in high potential markets including China and India in light of expansion of the domestic retail markets is expected to promote the usage of such products. This trend is expected to expand the market size over the forecast period. To request a sample copy or view summary of this report: www.grandviewresearch.com/industry-analysis/aerosol-valve-market Further key findings from the study suggest:
Aerosol Valves Application Outlook (Volume, Million Units; Revenue, USD Million, 2014 - 2025)
www.grandviewresearch.com/press-release/global-aerosol-valve-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Info: www.grandviewresearch.com
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