Global consumer markets suffered
seriously in the financial crisis in 2008. As a result, residents curtailed
unnecessary expenses, which made the market demand decline. In return, global aerosol
output volume also declined. However, since 2010, global markets have gradually
recovered. In the past few years, global aerosol output volume showed a rising
trend. It increased from 12 billion cans in 2006 to 14.4 billion cans in 2012,
with CAGR of 3.1%.
It is estimated that the global
output volume of aerosol products will exceed 16 billion cans by 2017. The CAGR
will maintain around 3% during 2011-2016. Proportion of China aerosol output
volume in the world will increase from 11.2% in 2012 to 18.8% in 2017. China
has become an important aerosol producer, aerosol OEM and aerosol consumer in
the world.
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In China market, there are more than
1,000 aerosol brands, which mainly concentrated in insecticide, paint and
auto-care. In the early stage, most factories were low-end product
manufacturers and original equipment manufacturers with lagging production
lines and technology. The major product strategies were following strategies.
With the rapid development in ASEAN and other BRICS, China's industry
advantages in international competition gradually become weak. The performance
in domestic market is also inconsistent with the huge Chinese market. In recent
years, some leading aerosol enterprises actively engage in developing new
aerosol products and bring in foreign advanced production lines. Since the
second half of 2010, the demand for auto-care products, personal care products
and aluminum aerosol cans home and abroad has been increasing. As a result, the
aerosol industry achieved a full recovery. At present, there are various
aerosol products in Chinese market, which include insecticide aerosol, paint
aerosol, household aerosol, personal-care aerosol, auto-care aerosol, food
aerosol, medical aerosol and industrial aerosol.
Aerosol industry in China develops
rapidly in recent years with huge market prospect. Aerosol industry started in
the early 1980s in China and the aerosol output volume was only 30 million cans
in the mid 1980s. The output volume rocketed to 560 million cans in 2000 and
even reached 1.61 billion cans in 2012. China has already been one of the
largest aerosol producers in the world. In 2008-2012, although the cardinal
number was very large, CAGR still reached 11.3%, which is higher than the GDP growth
rate. However, in terms of consumption per capita, the annual consumption per
capita of aerosol was 0.79 cans in 2008 and it was 1.19 cans in 2012. It is
greatly different from that of the world, which is 2 cans. It is equivalent to
less than 1/10 of that in the U.S. (12.3 cans). The data also shows that there
is huge potential for aerosol products in Chinese market. It will be a superb
opportunity to develop for aerosol manufacturers.
Aerosol product structure is
constantly optimizing in China. Presently, insecticide and paint are the Top 2
products by the proportion in China aerosol market. However, personal care
products and household goods are the Top 2 products by the proportion in the
global aerosol market. The two proportions can separately reach 40% and 30% in
mature markets. In recent years, the proportion of insecticide and paint is
declining while the proportion of personal products and household products is
obviously rising in China aerosol market. It is mainly caused by the rapid
development of economy. Household products and auto products have close
relationship with livelihood, so the consumption of them increases with the
increase of disposable income. Therefore, in terms of product structure, there
is huge space in domestic market for aerosol products. Industry concentration
is strengthening. Along with the gradually maturing aerosol market in China,
the leading enterprises are constantly expanding the production scale and
developing high-value products. As a result, their market share will become
higher. Although aerosol brands are still rather decentralized, after a new
round of self-elimination and shuffle, the concentration of aerosol industry
will be improved constantly.
Aerosol is direct-to-consumer
products. In recent years, consumer markets develop rapidly, which brings great
market demand in aerosol industry. With the continuous development of national
economy, people's consumption level improved, life quality and spending habits
changed and knowledge on aerosol products deepened. All of these will provoke
the consumption and output volume of aerosol and China aerosol industry will
enter a rapid development stage. According to China Research and Intelligence,
the annual output volume of aerosol will reach 3.15 billion cans by 2017 and
the annual per capita consumption will reach the world average.
China Research and Intelligence
composed this report by investigating aerosol manufacturers and trade companies
and interviewing the industry experts. Through this report, the readers will
acquire the following information:
- Global and China Aerosol Market
Overview
- Supply and Demand of Aerosol in
China
- Development of Aerosol
Sub-sectors in China
- Market Competition of Aerosol
in China
- Major Manufacturing Enterprises
and Their Operation Status
- Forecast on China Aerosol
Industry Development
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