openPR Logo
Press release

LPG Gas Cylinder Market Trends to 2028 | Huanri Group, Sahamitr Pressure Container, Hexagon Composites

04-15-2019 10:22 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

LPG Gas Cylinder Market Trends to 2028 | Huanri Group, Sahamitr

LPG Gas Cylinder Market Introduction

Liquefied Petroleum Gas (LPG) gas cylinder is the mixture of gases used in heating appliances, cooking, and vehicles. LPG gas cylinder has a variety of uses, with growing demand in domestic application. It is also employed across many sectors including construction, transportation, recreation, hot air balloons, agriculture, hospitality, and calefaction.

Request Sample Copy of the Report @ www.tmrresearch.com/sample/sample?flag=B&rep_id=4638

LPG gas cylinder is likely to be used on a large scale in the household and automobile owing to the growing demand for LPG as a fuel source and lack of infrastructure for gas pipeline network, especially in developing countries. However, the government in these countries are taking initiatives to support LPG gas cylinder industry.

LPG Gas Cylinders Market: Notable Highlights

In 2018, Worthington Industries launched fully recyclable composite LPG cylinders named as Fourtis® to be used for water heating, cooking, and outdoor grilling. The cylinder has been developed by Amtrol-Alfa, which was recently acquired by Worthington Industries.

India has emerged as the 2nd largest LPG consumer in the world under with a number of initiatives by the government to promote LPG across the country, with a special focus on rural areas. Under Pradhan Mantri Ujjwala Yojana (PMUY), the government is providing free (LPG) connection to the poor. Moreover, under direct benefit transfer, the government is supplying LPG cylinders at market rate rather than at subsidized rate and is transferring the subsidy amount in banks.

The report provides insights on the key players in the LPG gas cylinder market. Some of the leading players in the market are Huanri Group, Sahamitr Pressure Container, Hexagon Composites, Metal Mate, Time Technoplast, Mauria Udyog, and Worthington Industries

LPG Gas Cylinder Market Dynamics

Composite LPG Gas Cylinder Fast Emerging as Alternative to Steel Cylinders

Composite LPG gas cylinders are emerging as an alternative to the steel LPG gas cylinders in both industrial and household uses. Composite LPG gas cylinders are developed on a large scale by manufacturers using advanced composite and polymeric materials along with the focus on safety, design, and quality. Moreover, the requirement for less maintenance owing to the rust-free characteristics is driving the demand for composite LPG gas cylinders.

Majority of the manufacturers are producing polymer composite LPG gas cylinders to reduce the weight of the cylinder, minimize injury risks, and reduce logistics costs. Colorful, lightweight and easy to handle LPG gas cylinders are likely to witness growing demand in the developing countries such as India owing to the initiatives by the government to improve quality of service and ensure the safety of both supplier and consumer.

Request TOC of the Report @ www.tmrresearch.com/sample/sample?flag=T&rep_id=4638

Favorable Government Initiatives and Subsidies to Drive LPG Gas Cylinder Market

Increasing government initiatives and subsidies in various countries in Asia and South America have transitioned a switch from traditional fuel including coal, wood, and kerosene to LPG as clean and powerful cooking fuel. Governments across countries are introducing subsidies to switch the majority of the population in countries to use LPG as a cooking fuel, thereby, providing subsidized LPG gas cylinders.

The expected boom in the demand for LPG owing to the government initiatives in Asia is likely to drive imports in the region from LPG producing countries including the US and Saudi Arabia, with India and China emerging as the largest consumers. The supply outlook of LPG is also improving with continues rise in number of natural gas fields development across LPG producing countries. Moreover, governments in developing countries are also taking initiatives to educate the rural population about the benefits of using LPG.

Increasing LPG Gas Cylinder Accidents to Remain Longstanding Challenge

Increasing risk of fire, explosion, and gas leakage in LPG cylinders is expected to remain a longstanding challenge in the LPG gas cylinder market. LPG cylinders are emerging as the most common source of explosion and fire across regions. Recently, there has been a growth in the use of LPG cylinders in various industries, thereby, leading to a rise in explosions, fire and leakages. The rise in expired LPG gas cylinder and poor handling have emerged as the main factors resulting in a growing number of LPG cylinder explosions worldwide.

In order to support the development of LPG market worldwide, the World LPG Association is promoting safety practices. The Global Cylinder Network (GCN) was also established to share best practices on managing and developing LPG cylinder market along with the promotion of best maintenance and safety practices.

About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

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 LPG Gas Cylinder Market Trends to 2028 | Huanri Group, Sahamitr Pressure Container, Hexagon Composites here

News-ID: 1702834 • Views: 177

More Releases from TMR Research

Process Safety System Market Overview, Segmentation, Manufacturing, Opportunitie …
Global Process Safety System Market: Snapshot The number of safeguarding measures implemented today is very high on account of the increasing concerns over safety. However, the results are still not very positive. This is especially true for the various process industries that are vulnerable to accidents. Thus, the demand for process safety systems is expected to rise in the coming years for the application of several layers of protection. Process
Satellite Manufacturing Market Overview, Trends, Leading Companies, Types, Appli …
Global Satellite Manufacturing Market: Snapshot With both developing and developed countries focusing on space missions and looking forward to enhance their communication technologies, the demand for satellite manufacturing is increasing with every passing day. The installation of satellite technology is intense in many countries as they witness high demand for advanced digital streaming of contents. The fueling demand for commercial satellites along with military satellites is likely to play a key
Steam Turbine Market Regional Outlook (North America, Latin America, Europe, Asi …
Global Steam Turbine Market: Snapshot With the assistance of blades joined to a rotor, the steam turbines change thermal energy of steam into mechanical energy. The turbine begins to turn when steam of high pressure goes through the succession of rotor blades. With the developing populace over the world, and robust urbanization in developing economies, the continuous demand for power and energy is heightening reliably, and therefore, the demand in the
Power Transmission Components Market will grow at a robust pace between 2017 and …
Global Power Transmission Components Market: Overview Advancement of several industries and robust urbanization have set off a noteworthy rush of power and energy in the last couple of years. This has raised worries about high utilization of energy and has started a discussion among countries to devise approaches to check power a use. Altogether, the two variables have brought about a colossal interest for control transmission components, which are known to

All 5 Releases


More Releases for LPG

LPG Tanker Market Trends and Forecast up to 2024
LPG Tanker Market: Overview Shale gas production is in an unstoppable phase in some parts of the world, and this will be a high-impact driver for the global LPG tanker market. The market for LPG tankers is expected to display strong growth until the end of the forecast period of this report on account of several other factors as well. With the high production of shale gas, there has been a
Cape Gas Ensuring Safe LPG Installations
The expertise of Cape Gas lies in the “Liquid Petroleum Gas” Industry (LPG) and the company performs installations and repairs. Cape Gas is a registered member of LPGSASA or Liquid Petroleum Gas Safety Association of Southern Africa. Service areas of Cape Gas include: Domestic Installations: The staff of Cape Gas does Basic Economy installation that comes with a Gas Hob connection as well as single 9 kg cylinder in a cupboard system.
LPG Tanker Market to Record Sturdy Growth by 2024
LPG Tanker Market: Overview Shale gas production is in an unstoppable phase in some parts of the world, and this will be a high-impact driver for the global LPG tanker market. The market for LPG tankers is expected to display strong growth until the end of the forecast period of this report on account of several other factors as well. With the high production of shale gas, there has been a
Cape Gas: Solving all LPG Requirements
Very few companies provide a wholesome solution to their consumers, be it domestic, commercial or industrial gas requirements. Cape Gas is one such company that proves to be a one-stop solution to any kind of requirement regarding liquefied petroleum gas (LPG). They are registered members of “Liquid Petroleum Gas Safety Association of South Africa (LPGSASA) and proudly employed members titled “Licensed Gas Practitioners” who hold South African Qualification and Certification
Global LPG Regulators for Cylinders Market Research Report 2017
LPG Regulators for Cylinders industry has low technology barrier and is labor intensive industry. Currently, there are several producing companies in the world LPG Regulators for Cylinders industry. The main market players are Emerson, Cavagna Group, Rotarex, EFFBE, ECP Industries and Mauria Udyog. The production of LPG Regulators for Cylinders will increase to 99692 K Units in 2017 from 85184 K Units in 2012 with average growth rate of 3.19% This
Global LPG Cylinder Market Report 2017: MBG
The Global LPG Cylinder Market Report 2017 is a professional and in-depth study on the current state of the LPG cylinder market. Annual estimates and forecasts are provided for the period 2015 through 2023. Also, a six-year historic analysis is provided for these markets. The poduction of LPG cylinder will increase to 75665 K Units in 2017 from 55078 K Units in 2012 with average growth rate of 6.56%. Fill the