North America Aerosol Propellants Market Size, Share & Trends Analysis Report By Product (Hydrocarbons, DME, Nitrous Oxide & Carbon Dioxide), By Application, By Country,- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2033

North America aerosol propellants market Size and Trends

The North America aerosol propellants market size was exhibited at USD 2.85 billion in 2023 and is projected to hit around USD 4.38 billion by 2033, growing at a CAGR of 4.4% during the forecast period 2024 to 2033.

North America Aerosol Propellants Market Key Takeaways:

• Hydrocarbons dominated the market with a revenue share of 81.5% in 2023.
• On the other hand, dimethyl ether (DME) and methyl ethyl ether are projected to witness the fastest growth in terms of revenue, with a CAGR of 5.8% from 2024 to 2033.
• The personal care application dominated the market with a revenue share of 30.0% in 2023.
• The medical segment is projected to experience the fastest growth, with a CAGR of 6.9% from 2024 to 2033.

Report Scope of North America Aerosol Propellants Market

This growth is attributed to several key driving factors including the significant expansion of the cosmetic industry, leading to an increased preference for aerosol-based products. These propellants find application in antiperspirants, shaving creams, hair mousses, and air fresheners. Secondly, the trend of urbanization, especially in developing economies, has spurred demand for aerosol-based household formulations such as insect repellents, disinfectants, and air fresheners.

Aerosol paints are widely used for refurbishing vehicles, touching up dents, and enhancing aesthetics. Furthermore, innovations like environment-friendly propellants have gained traction. These cans minimize volatile organic compounds (VOCs) and find applications in health and hygiene products. Rising consumer spending capacity and the continual launch of novel gender-specific personal care items further bolster the market’s prospects.

Regulations play a crucial role in shaping the market. For instance, Section 610 (d) of the Clean Air Act resulted in the prohibition of HCFC-141b in aerosol solvents. Additionally, there are increasing government and environmental regulations concerning ozone layer depletion, attributed to compounds like CFC, HCFC, and HFC. These stringent measures are expected to restrain the market’s growth in the near future. Furthermore, the phasing out of chlorofluorocarbons (CFCs) as propellants due to regulatory requirements regarding volatile organic compounds (VOC) emissions and ozone depletion potential (ODP) has significantly affected the industry in Europe, North America, and Asia-Pacific.

North America Aerosol Propellants Market By Product Insights

Hydrocarbons dominated the market with a revenue share of 81.5% in 2023. This dominance can be attributed to their widespread use in various applications due to their cost-effectiveness and ease of availability. Hydrocarbons, such as propane, butane, and isobutane, are commonly used as propellants in aerosol products. They are preferred for their low cost, high stability, and good performance characteristics. However, environmental concerns related to the use of hydrocarbons may impact their market share in the future.

On the other hand, dimethyl ether (DME) and methyl ethyl ether are projected to witness the fastest growth in terms of revenue, with a CAGR of 5.8% from 2024 to 2033. The growth of these segments can be attributed to their superior properties such as low toxicity, non-flammability, and high stability. These ethers are increasingly being used as alternatives to traditional hydrocarbon propellants in various applications, including personal care products, paints, and medical aerosols. Their rapid growth indicates a shift in the market towards more environmentally friendly and sustainable propellant options.

North America Aerosol Propellants Market By Application Insights

The personal care application dominated the market with a revenue share of 30.0% in 2023. This segment encompasses a wide range of products, including deodorants, hair sprays, shaving creams, and antiperspirants. The high market share is indicative of the growing consumer demand for personal hygiene and grooming products. The trend toward personal care products that offer conveniences, such as aerosol-based cosmetics and pharmaceuticals, has been a major growth driver.

The medical segment is projected to experience the fastest growth, with a CAGR of 6.9% from 2024 to 2033. This rapid growth can be attributed to the increasing use of aerosol propellants in pharmaceutical applications, including inhalers and topical medications. The convenience and precision in dosage that aerosol delivery systems provide make them indispensable in medical treatments. Moreover, the ongoing research and development in the field of aerosol medicine are likely to introduce innovative products that could further drive the demand for product in this segment. The aging population and the rising prevalence of respiratory diseases are additional factors contributing to the growth.

Country Insights

U.S. Aerosol Propellants Market Trends

The U.S. dominated the market with a revenue share of 79.3% in 2023. The country holds a pivotal position in the North America aerosol propellants market, driven by robust demand in personal care and household applications. The market is propelled by technological advancements and the presence of major industry players who are focusing on eco-friendly and low-VOC products. The U.S. market is also influenced by stringent regulations on aerosol emissions, which has led to innovation in product development to meet environmental standards.

Canada Aerosol Propellants Market Trends

Canada’s aerosol propellants market is a significant contributor to the North American region. The market benefits from the country’s advanced healthcare and personal care industries. Canadian consumers’ growing awareness of eco-friendly products is shaping the market. The demand for aerosol propellants in food applications is also on the rise, reflecting global trends towards convenience in food packaging.

North America Aerosol Propellants Market Recent Developments

• In November 2023, The Chemours Company commenced a strategic enhancement of its manufacturing capabilities, targeting a 20% increase in the production of the eco-friendlier aerosol propellant, HFC-152a, at its Texas plant. This initiative is in direct response to evolving regulatory standards aimed at minimizing the usage of propellants with a high global warming potential (GWP)
  
  
• In August 2023, Honeywell announced a commercial partnership with Recipharm to speed the development of pressurized metered dose inhalers (pMDIs) that use Honeywell’s near-zero global warming potential (GWP) propellant. This highlightsa broader industry shift towards environmentally responsible products
  
  
• In June 2023, AkzoNobel NV disclosed a series of new investments within the North American territory, encompassing the establishment of a pilot manufacturing facility and a dedicated regional research and development hub. These strategic investments are anticipated to significantly contribute to the growth trajectory in the region, enhancing its innovation capacity and market reach.

Some of the prominent players in the North America aerosol propellants market include:

• Royal Dutch Shell PLC
• Honeywell International Inc.
• Arkema Group
• The Chemours Company
• Nouryon
• Aeropres Corporation
• BOC Ltd.
• AkzoNobel NV
• DuPont de Nemours, Inc.
• Lapolla Industries Inc

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the North America aerosol propellants market

Product

• Hydrocarbons
• DME and Methyl Ethyl Ether
• Nitrous Oxide and Carbon Dioxide
• Others

Application

• Personal Care
• Households
• Automotive and Industrial
• Foods
• Paints and Coatings
• Medical
• Others

Country

• U.S.
• Canada
• Mexico