Butane Gas Cartridges Market 2021 Precise Outlook- Taeyang Corp, Ultracare Products, Coleman, Aspire Industries

Global Butane Gas Cartridges Market 2021 report includes current market scenario and offers a comprehensive analysis on Butane Gas Cartridges industry, standing on the readers’ perspective, delivering detailed market data and understanding insights. It comprises inclusive important points that significantly affect the growth of the market at a global level. It analyzes present scenario along with future trends in the market. The report is made after a pin-point research and exhaustive investigation of the market development in different sectors that requires theoretical analysis, technology-based ideas, and its validity.

The global butane gas cartridges market is expected to grow from $402.67 million in 2020 to $431.99 million in 2021 at a compound annual growth rate (CAGR) of 7.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $535.97 million in 2025 at a CAGR of 5.5%.

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Scope of the Report:

Markets Covered: 1) By Type: Below 220g/Unit; 220-250 g/Unit; Above 250 g/Unit
2) By Application: Medical; Stoves; Commercial; Others
3) By End User: Pharmaceutical And Biotechnological Companies; Chemical And Petrochemical Companies; Food And Beverage Companies; Others

Companies Mentioned: Taeyang Corp; Ultracare Products; Coleman; Aspire Industries; Marina Corporation

Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East And Africa

The butane gas cartridges market consists of sales of butane gas cartridges by entities (organizations, sole traders, and partnerships) that contain liquified butane gas mixed with a much smaller amount of Propane. These are manufactured using metal for better storage function and are most commonly used for camping and picnics, sealing poly bags, metalworking, pest control, and fumigation.

The main types of butane gas cartridges are below 220g/unit, 220-250g/unit, and above 250g/unit. Below 220g/unit cartridges are mainly used for portable gas stoves, fogging machines, and butane lanterns, and others. The different applications include medical, stoves, food and beverages, commercial, others and used in various verticals such as pharmaceutical and biotechnological companies, chemical and petrochemical companies, food and beverage companies, others.
The Asia Pacific was the largest region in the butane gas cartridges market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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Recent Developments:

In October 2019, The Carlyle Group, US-based alternative asset management, and financial services corporation acquired a 37% stake in Cepsa from Mubadala for an undisclosed amount. The Carlyle Group acquired Cepsa in order to maintain its majority stake in Europe's largest privately-owned integrated energy company. Cepsa is a Europe-based company that manufactures butane gas cartridges.

Market Growth:

The increase in population density in urban areas across the globe is contributing to the growth of the butane gas cartridges market. Butane gas cartridges are used to store the butane gas or a mixture of butane and propane gas. Liquefied petroleum gas (LPG) is a mixture of butane and propane is used for cooking and higher population density is associated with the higher usage of LPG. For instance, countries in East Asia and the Pacific region saw the highest growth in their urban populations in the historic period. In 2019, Chinas urban population, reached 60.3% of the total population, while Indias urban population accounted for 34.5%. 

Highlights of Butane Gas Cartridges Market Report:

-Market dynamics, Butane Gas Cartridges economy manufacturing, opportunities on the total pricing of this top manufacturer and improvement trend analysis;

-Butane Gas Cartridges industry players at the general regional industry and economy synopsis;

-Deep analysis of the most significant market players included by Worldwide Butane Gas Cartridges Market study report;

-Understand more about the market plans that are increasingly now being adopted by leading Butane Gas Cartridges businesses;

-Evaluation of this market character, namely market development drivers, essential challengers, inhibitors, and chances;

-Strategically profile the key players and comprehensively analyze their growth strategies.

Key Takeaways:

-An extensive analysis of the Butane Gas Cartridges market trends and shares from 2017 to 2023 to identify market opportunities and analyze industry developments.

-Comprehensive analysis with respect to investments and price trends that impact the outlook of the Global Butane Gas Cartridges market between 2021 and 2023.

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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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