Press release
Composite LPG Cylinders Market is Likely to reach an estimated value of US$ 189.7 million in 2022
Stratview Research has launched a new research report on Composite LPG Cylinders Market. Published on Jul,2017 this 210-page report segments the market in four ways to provide a 360-degree holistic view.The forecast of the market size has been segmented by –
Cylinder Type (Type III Cylinder, Type IV Cylinder),
Size Type (0-5kg, 6-10kg, 11kg & Above),
Application Type (Kitchen & Domestic Use, Transportation, Recreational Use, Others),
Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: France, Germany, the UK, Russia, and Rest of Europe)
Asia-Pacific (Country Analysis: Thailand, Bangladesh, South Korea, and Rest of Asia-Pacific)
Rest of the World (Country Analysis: The Middle East, Latin America, and South Africa)
The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Composite LPG Cylinders Market.
Years considered for this report –
base year 2017
trend period 2011 – 2016
forecast period 2017 - 2022
Click here to read the detailed description: https://www.stratviewresearch.com/276/composite-LPG-cylinders-market.html
View detailed TOC here: https://www.stratviewresearch.com/toc/276/composite-LPG-cylinders-market.html
LPG cylinders market to reach US$ 189.7 million
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.
Type IV to remain larger and faster-growing cylinder type
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.
Kitchen & domestic use to remain the largest and fastest-growing application type
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.
Key Strategies
Development of lightweight cylinders, capacity expansion, and regional expansion are the key strategies adopted by the key players to gain a competitive edge in the market.
The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Major Composite LPG Cylinders companies - 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 business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
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.
Research Methodology
This report studies the Composite LPG Cylinders Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
Extensive secondary research,
Rigorous primary interviews with more than 10 industry stakeholders across the value chain.
Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.
Stratview Research has several high value market reports in the Consumer Goods industry. Please refer to the following link to browse through our reports:
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 is Likely to reach an estimated value of US$ 189.7 million in 2022 here
News-ID: 1698878 • Views: …
More Releases from Stratview Research

Aerospace & Defense Aramid Honeycomb Core Market is Forecasted to Reach US$ 561. …
The global aerospace & defense aramid honeycomb core market is projected to witness a growth rate of 3.6% annually from 2024 to 2035, with an anticipated size of US$ 561.2 million by 2035, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global aerospace & defense aramid honeycomb core market which provides a comprehensive outlook of the global and regional…

Marine Seals Market is Forecasted to Reach US$354 Million in 2031, Says Stratvie …
The global marine seals market size was valued at US$285 million in 2024, and is projected to reach US$354 million by 2031, witnessing a market growth CAGR of 2.8% from 2024 to 2031, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global marine seals market which provides a comprehensive outlook of the global and regional industry forecast, current &…

Profile Seals Market is Forecasted to Reach US$ 13.8 Billion in 2031, Says Strat …
The global profile seals market is projected to witness a growth rate of 3.0% annually from 2024 to 2031, with an anticipated size of US$ 13.8 billion by 2031, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global profile seals market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis,…

Rail Seals Market is Forecasted to Reach US$ 1.2 Billion in 2031, Says Stratview …
The global rail seals market is projected to witness a growth rate of 2.5% annually from 2024 to 2031, with an anticipated size of US$ 1.2 billion by 2031, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global rail seals market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis,…
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…