What Everyone Must Know About AEROSOL VALVES MARKET | Worth 3.30 Billion USD By 2022
The global aerosol valves market was valued at USD 2.62 Billion in 2016 and is projected to reach USD 3.30 Billion by 2022, at a CAGR of 4.03%. The base year considered for the study is 2016, and the market size is forecasted from 2017 to 2022. The primary objective of the study is to define, segment, and project the aerosol valves market size on the basis of type, end-use sector, and region.
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The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). In addition to this, the study analyzes competitive developments such as partnerships, expansions & investments, and R&D activities in the aerosol valves market.
- Manufacturers of aerosol valves
- Importers and exporters of aerosol valves
- Traders, distributors, and suppliers of aerosol valves
- End users (food & beverage, healthcare, and cosmetics & toiletries industries)
The research methodology used to estimate and forecast the market size included the top-down approach. The total market size for aerosol valves was calculated, and accordingly, the percentage was allotted to different sectors in each of the segments. This allotment and calculation were done on the basis of extensive primary interviews and secondary research from a variety of sources such as AEROBOL (European Association of Aluminium Aerosol Container Manufacturers), FEA (European Aerosol Federation), and NAA (National Aerosol Association). Primary research involved in this report includes extensive interviews with key people such as CEOs, VPs, directors, and executives. After arriving at the overall market size, the total market was split into several segments and subsegments.
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Expansion & investments and partnerships were the key strategies adopted by most players in this market. Companies such as Aptar Group (US), Precision Valve Corporation (US), Coster Tecnologie Speciali (Italy), LINDAL Group Holding (Germany), Mitani valve (Japan), Summit Packaging Systems (UK), Clayton Corp. (US), Newman Green (US), and KOH-I-NOOR Mladá Vožice a.s. (Czech Republic) were the key players who adopted these strategies to increase the customer base in key markets. The leading aerosol valves manufacturers focus on emerging countries that are estimated to show potential for industrial development in the near future.