A new Transparency Market Research report states that the global air care market stood at US$9.87 bn in 2014 and is anticipated to touch US$11.74 bn by 2021, by rising at a CAGR of 2.60% CAGR between 2015 and 2021. The title of the report is “Air Care Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”
Browse the full Air Care Market (Electric Air Fresheners, Candle Air Fresheners, Liquid Air Fresheners, Gel Air Fresheners, Spray/Aerosol Air Fresheners ) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at https://www.transparencymarketresearch.com/air-care-market.html
Air care products are essentially air fresheners and are categorized under the wide variety of home care products available globally. Owing to the rising awareness about a fresh and clean environment, air care products are gaining importance. Consumers worldwide are demanding value-added and premium air care products for maintaining air hygiene within cars, and rooms.. A number of fragrance-based air care products with fragrances such as jasmine, lavender, rose, lemon, sandalwood, and apple, among others, are gaining importance globally in order to maintain air hygiene.
The global air care market is growing owing to the increasing disposable incomes of consumers globally. In addition, the development in the living standards of people, particularly within the European nations, is also predicted to augment the growth of the overall market. Furthermore, the rising levels of dust and pollution globally will also positively influence the development of the air care market. The increasing environmental awareness and the utilization of natural air fresheners are the key opportunities within the market. On the other hand, the absence of awareness amongst people regarding different types of air care products in various developing countries is a major factor that may impede the demand for air care products, thus inhibiting the growth of the overall market.
On the basis of product type, the air care market is segmented into spray/aerosol, electric, car, gel candle, liquid air, and other air freshener products. Amongst these, spray/aerosol air freshener products led the market in 2014 and were followed by electric air fresheners. The increasing proliferation of products in the forecast horizon is a key factor augmenting the growth of spray/aerosol air fresheners. In addition, the rising disposable incomes of consumers is also stimulating the growth of spray/aerosol air fresheners globally. By distribution channel, the report categorizes the air care market into business-to-business and retail. Amongst these, the segment of retail will represent the largest share in the air care market in the forecast horizon.
By geography, the report segments the market into Europe, North America, Rest of Europe, and Rest of Asia Pacific. Of these, in 2014, Europe emerged as the largest market on the basis of revenue. Within Europe, France, Germany, and the UK are the key dominant nations in the air care market. On the other hand, Asia Pacific is predicted to exhibit the fastest growth in the forecast period and is predicted to rise at a 5.20% CAGR between 2015 and 2021. This is owing to the rising disposable incomes of consumers within this region. Within Asia Pacific, Japan led the market in 2014 and is anticipated to maintain its superiority all through the forecast horizon.
According to the report, the key players in this market are Procter & Gamble Co., Henkel Group, Church & Dwight Co. Inc., Reckitt Benckiser Inc., SC Johnson & Son Inc., Chesapeake Bay Candle, Car Freshener Corporation, American Covers, Inc., and Candle-lite, Inc., among others.
The report segments the air care market into:
Global Air Care Market: By Product Type
Global Air Care Market: By Distribution Channel
Global Air Care Market: By Geography
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