openPR Logo
Press release

‘Composite LPG Cylinders Market to become US$ 189.7 million opportunity in 2022’– Stratview Research Market Report

03-11-2019 10:06 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

‘Composite LPG Cylinders Market to become US$ 189.7 million

As per the latest market intelligence report published by Stratview Research, the Composite LPG Cylinders Market is anticipated to reach at US$ 189.7 million by 2022.

The research studies Composite LPG Cylinders Market in the trend period of 2011 to 2016 and forecasted period of 2017 to 2022 under four segments by Cylinder Type (Type III and Type IV), by Cylinder Size Type (0-5kg, 6-10kg, and 11kg & Above), by Application Type (Kitchen & Domestic Use, Transportation, Recreational Use, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017–2022

The study finds –
 Kitchen & domestic use is expected to remain the largest and fastest-growing application type in the global composite LPG cylinders market during the forecast period.
 Type IV is the most widely preferred cylinder type in the composite LPG cylinders market. It is expected to remain larger and faster-growing cylinder type during the forecast period.

Click here to read the detailed description https://www.stratviewresearch.com/276/composite-LPG-cylinders-market.html

Go through the TOC: https://www.stratviewresearch.com/toc/276/composite-LPG-cylinders-market.html

Composite LPG Cylinders Market: Highlights
The global composite LPG cylinders market is expected to grow at an impressive CAGR of 9.7% over the next five years to reach US$ 189.7 million in 2022. Increasing demand for lightweight, explosion proof and non-corrosive LPG cylinders and government push towards the usage of composite cylinders are some of the major drivers of the market. Increase in the consumption of LPG in the developing economies further elevate the demand for composite LPG cylinders over the next five years.

The global composite LPG cylinders market is segmented based on cylinder type as type III and type IV. Type IV is the most widely preferred cylinder type in the composite LPG cylinders market. It is expected to remain larger and faster-growing cylinder type during the forecast period. All the major composite LPG cylinder manufacturers have a presence in type IV tanks only. Type IV cylinder offers the maximum weight reduction and higher burst pressure as compared to type I and type III cylinders.

Request free sample here- https://www.stratviewresearch.com/Request-Sample/276/composite-LPG-cylinders-market.html

Based on the application type, the global composite LPG cylinders market is segmented as kitchen & domestic use, transportation, recreational use, and others. Kitchen & domestic use is expected to remain the largest and fastest-growing application type in the global composite LPG cylinders market during the forecast period. There is an increasing replacement of type I cylinders with type IV cylinders, owing to their advantages of lightweight and an excellent burst pressure. Additionally, piped natural gas in households is being replaced with composite LPG cylinders, owing to its limited reserves and high cost.

The key composite LPG cylinders manufacturers are Hexagon Composites ASA, Aburi Composites, Amtrol-Alfa, Time Technoplast Ltd., and Metal Mate Co., Ltd., and AL Aman Gas Cylinders Manufacturing LLC.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum input to the entire value chain of BMI Prepreg. The key features of the report are -
 Market structure: Overview, industry life cycle analysis, supply chain analysis
 Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
 Market trend and forecast analysis
 Market segment trend and forecast
 Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
 Attractive market segments and associated growth opportunities
 Emerging trends
 Strategic growth opportunities for the existing and new players
 Key success factors.

Stratview follows a rigorous process for conducting business research from primary and secondary sources to understand the entire market ecosystem. It has several high value market reports in the chemicals and materials industry. Please refer to the following link to browse through the reports:

Click Here for Other Reports from Stratview Research in the Consumer Goods Industry: https://www.stratviewresearch.com/market-reports/Consumer-Goods.html

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release ‘Composite LPG Cylinders Market to become US$ 189.7 million opportunity in 2022’– Stratview Research Market Report here

News-ID: 1645011 • Views:

More Releases from Stratview Research

Semiconductor Vacuum Valve Market Set to Reach US$ 1.0 Billion by 2031, Reports Stratview Research
Semiconductor Vacuum Valve Market Set to Reach US$ 1.0 Billion by 2031, Reports …
Stratview Research, a leading global market research firm, forecasts that the global Semiconductor Vacuum Valve market will grow at an annual rate of 6.7%, reaching US$ 1.0 billion by 2031. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers. Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/3932/semiconductor-vacuum-valve-market.html#form Key Report Highlights: • Market Size by 2031: US$ 1.0 billion • Growth Rate
Small Satellites Market Set to Reach US$ 7.7 Billion by 2030, Reports Stratview Research
Small Satellites Market Set to Reach US$ 7.7 Billion by 2030, Reports Stratview …
Stratview Research, a leading global market research firm, forecasts that the global Small Satellites market will grow at an annual rate of 2.2%, reaching US$ 7.7 billion by 2030. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers. Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/1920/small-satellites-market.html#form Key Report Highlights: • Market Size by 2030: US$ 7.7 billion • Growth Rate (CAGR):
Hard Body Armor Market Set to Reach US$ 2,271.2 Million by 2031, Reports Stratview Research
Hard Body Armor Market Set to Reach US$ 2,271.2 Million by 2031, Reports Stratvi …
Stratview Research, a leading global market research firm, forecasts that the global Hard Body Armor market will grow at an annual rate of 3.2%, reaching US$ 2,271.2 million on by 2031. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers. Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/3253/hard-body-armor-market.html#form Key Report Highlights: • Market Size by 2031: US$ 2,271.2 million • Growth
3D Printing Powder Market Set to Reach US$ 5.8 Billion by 2028, Reports Stratview Research
3D Printing Powder Market Set to Reach US$ 5.8 Billion by 2028, Reports Stratvie …
Stratview Research, a leading global market research firm, forecasts that the global 3D Printing Powder market will grow at an annual rate of 27.1%, reaching US$ 5.8 billion by 2028. The report provides a detailed outlook on regional and global markets, emerging trends, segment analysis, competitive landscape, and key market drivers. Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/853/3d-printing-powder-market.html#form Key Report Highlights: • Market Size by 2028: US$ 5.8 billion • Growth Rate

All 5 Releases


More Releases for LPG

Aluminium LPG Cylinder Market
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The aluminium LPG cylinder market is experiencing significant growth due to various factors that enhance its adoption across residential, commercial, and industrial sectors. One of the main growth drivers is the increasing demand for liquefied petroleum gas (LPG) as an energy source due to its efficiency and cleanliness compared to traditional fuels like wood and coal. Aluminium cylinders are particularly preferred in the storage and transportation of
LPG Price Trend: Comprehensive Market Insights
Liquefied Petroleum Gas (LPG), a versatile and efficient energy source, is widely used for residential, industrial, and transportation purposes. Understanding the LPG Price Trend is essential for businesses, suppliers, and consumers to optimise procurement strategies, manage energy costs, and anticipate market fluctuations. This article explores the factors influencing LPG prices, historical data, market dynamics, forecasts, regional insights, and procurement resource strategies. Latest LPG Price Trends The LPG market has experienced significant price
Global LPG Tanker Market Expected to Reach US$ 289.72 Mn. by 2030: Rising Demand …
The LPG tanker market, valued at US$ 201.82 million in 2023, is anticipated to witness substantial growth, with total revenue projected to reach nearly US$ 289.72 million by 2030, growing at a CAGR of 5.3% from 2024 to 2030. This growth is driven by several factors, including the increasing demand for LPG as a clean and efficient fuel source, particularly in residential, commercial, and industrial applications. Additionally, the expanding use
LPG Tanker Market May See a Big Move | Major Giants Dorian LPG, Pertamina, Navig …
The latest study released on the Global LPG Tanker Market by AMA Research evaluates market size, trend, and forecast to 2027. The LPG Tanker market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players in
France LPG Market Growth Driven by Low Upfront Cost of LPG Boilers
A number of factors such as the low upfront cost and less storage space required by LPG boilers and the massive government support toward new energy vehicles will help the French LPG market demonstrate a CAGR of 2.1% between 2020 and 2030. According to P&S Intelligence, the market was valued at $7,691.2 million in 2020, and it will generate $9,480.3 million revenue by 2030. Additionally, the rising public awareness regarding
Global Bio LPG Market Poised to Offer Sustainable Solution for Soaring Demand fo …
The global Bio LPG demand is expected to rise during the forecast period as it is an ideal energy solution that helps in reducing the emissions of CO2 by 80%. Consumers are increasingly adopting it as it is derived from plant and vegetable residues and municipal waste. A recent report published by Fairfield Market Research predicts that the global Bio LPG market is expected to reach US$1,020.32 Mn by 2025