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Butane Gas Cartridges Market Size Forecast: $0.71 Billion by 2029 | Global Outlook
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.What Is the Projected Market Size Valuation of the Butane Gas Cartridges Market by 2025?
The market for butane gas cartridges has been consistently expanding over the past few years. The market, valued at $0.53 billion in 2024, is projected to increase to $0.55 billion in 2025, with a compound annual growth rate (CAGR) of 4.4%. The aforementioned historical growth can be credited to several factors, including the rising popularity of outdoor recreational activities, the demand for portable and easy-to-use fuel sources for cooking and heating, heightened urbanization and the requirement for easy-to-carry energy solutions, the advent of compact and small gas-powered appliances, and the surge in the number of food service businesses that use portable stoves.
What Is the Estimated Market Growth Value for the Butane Gas Cartridges Industry in 2029?
The market for butane gas cartridges is set to experience significant growth in the coming years, expanding to a size of $0.71 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. This predicted growth during the forecast period can be tied to several factors, such as increased demand for environmentally-friendly and recyclable butane gas cartridge materials. The upswing in the global e-commerce industry for online sales and distribution and the adoption of these cartridges for emergency preparedness and disaster relief are further contributing factors. This market is also seeing growth due to expanding applications in the industrial and construction sectors, as well as an increased demand for practical and energy-efficient solutions. Some of the key trends during the forecast period include incorporating butane gas cartridges into portable power generators, adding safety features like pressure relief valves and leak protection, improvements in cartridge design and manufacturing technology, the embrace of smaller, more portable designs, portable power generators, and continued demand for eco-friendly and recyclable materials.
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What Are the Growth Drivers and Opportunities in the Butane Gas Cartridges Market?
Global urban population density is on the rise, and this is fueling the expansion of the butane gas cartridges market. These cartridges are commonly used to store either butane gas alone or a combination of butane and propane gases. A blend of butane and propane, known as liquefied petroleum gas (LPG), is predominantly used for cooking purposes, and higher population density corresponds to increased LPG usage. Particularly, the greatest surge in urban populations during the historical period could be observed in East Asian and Pacific countries. Furthermore, as per a report by the commerce government, a US-based government entity, the population count as of Jan. 1, 2024, stood at 8,019,876,189, showing a rise of 75,162,541 (0.95%) from the start of 2023. The report projects 4.3 births and 2.0 deaths happening every second around the globe in January 2024. This growth in urban population density is thus directly linked to the increased usage of LPG or butane gas, thereby stimulating the development of the butane gas cartridges market.
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What Are the Primary Segments Covered in the Global Butane Gas Cartridges Market Report?
The butane gas cartridges market covered in this report is segmented -
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
Subsegments:
1) By Below 220g/Unit: 100g/Unit Cartridges, 200g/Unit Cartridges
2) By 220-250 g/Unit: 220g/Unit Cartridges, 230g/Unit Cartridges, 250g/Unit Cartridges
3) By Above 250 g/Unit: 300g/Unit Cartridges, 400g/Unit Cartridges, 500g/Unit Cartridges
What Are the Top Growth Trends in the Butane Gas Cartridges Market?
Leading businesses in the Butane Gas Cartridges Market are prioritizing technological innovations such as Level Indicator Technology to boost customer safety, augment consumer convenience, and maximize the overall effectiveness of gas utilization. Level Indicator Technology is a system that delivers real-time updates regarding the contents of a container, allowing users to conveniently monitor the remaining amount, thereby increasing safety and convenience. As an example, Tradex, a trading and exploitation company from India, instigated an international bid in March 2024 to accommodate the growing demand for butane gas cylinders in the country. The objective of this endeavor is to procure 66,000 commercial butane cylinders weighing 12.5 kg each and 600 cylinders weighing 50 kg, all fitted with valves and level indicators. The goal is to cater to the escalating need for household gas in Cameroon, anticipated to increase at an average yearly rate of 5%.
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Which Companies Are Shaping the Future of the Butane Gas Cartridges Market?
Major companies operating in the butane gas cartridges market include Taeyang Corporation, Ultracare Products, The Coleman Company Inc., Aspire Industries Inc., Marina Corporation, Kampa Limited, Zhejiang Jinyu Co. Ltd., Balkan Gasovi, Iwatani Corporation, Gasmate, Do-Well Aerosols, Kovea Co. Ltd., Seo Young Corporation, Praxair Inc., Maxsun Co. Ltd., Gabsan Development Co. Ltd., Junko Co. Ltd., Airgas Inc., Middlesex Gases & Technologies Inc., Marathon Petroleum Corporation, Blazer Products Inc., Butler Gas Products Company, Linde LLC, Air Liquide America Specialty Gases LLC, Matheson Tri-Gas Inc., Messer Americas Inc., WestAir Gases & Equipment Inc., American Gas Products Inc., Bernzomatic Corporation, GasOne, Campingaz
Which Region Holds the Largest Market Share in the Butane Gas Cartridges Industry?
Asia-Pacific was the largest region in the butane gas cartridges market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market share. The regions covered in the butane gas cartridges market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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