Press release
Butane Gas Cartridges Market Trends, Industry Trends, Growth Revenue 2024 To 2033
Butane Gas Cartridges Market
The Business Research Company presents an extensive market research report on the "Butane Gas Cartridges Global Market Report 2024," furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Butane Gas Cartridges industry. This report on Butane Gas Cartridges market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The butane gas cartridges market size has grown strongly in recent years. It will grow from $0.5 billion in 2023 to $0.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased popularity of outdoor recreational activities, demand for portable and easy-to-use fuel sources for cooking and heating, increased urbanization and need for convenient portable energy solutions, emergence of small and compact gas-powered appliances, and increased number of foodservice businesses using portable stoves.The butane gas cartridges market size is expected to see strong growth in the next few years. It will grow to $0.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
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Key Market Players:
Taeyang Corporation, Ultracare Products, The Coleman Company Inc., Aspire Industries Inc., Marina Corporation
Market Drivers:
According to the Butane Gas Cartridges Market Report 2024 by The Business Research Company, 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 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, China's urban population, reached 60.3% of the total population, while India's urban population accounted for 34.5%.
More information about the Global Butane Gas Cartridges Market Report -
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Market segments for Butane Gas Cartridges include:
1) By Type: Below 220g/Unit, 220-250 g/Unit, Above 250 g/Unit
2) By Application: Medical, Stoves, Commercial, Other Applications
3) By End User: Pharmaceutical And Biotechnological Companies, Chemical And Petrochemical Companies, Food And Beverage Companies, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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