Composite LPG Cylinders Market forecasted to reach US$ 189.7 million in 2022
The report on Composite LPG Cylinders Market is a 228-pages study offering rich insights on the market opportunities, trends, forecasts, and competitive analysis.
(EMAILWIRE.COM, January 25, 2019 )
Stratview Research has launched a research report on Composite LPG Cylinders Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Composite LPG Cylinders Market from 2017 to 2022.
This 336-pages report is segmented in four ways to provide a 360-degree holistic view. The segments are –
• By Cylinder Type (Type III Cylinder, Type IV Cylinder)
• By Size Type (0-5kg, 6-10kg, 11kg & Above)
• By Application Type (Kitchen & Domestic Use, Transportation, Recreational Use, Others)
• By Region
o North America (Country Analysis: The USA, Canada, and Mexico)
o Europe (Country Analysis: Germany, France, The UK, Norway, Russia, and Rest of Europe)
o Asia-Pacific (Country Analysis: Thailand, Bangladesh, South Korea, and Rest of Asia-Pacific)
o Rest of the World (Country Analysis: Latin America, The Middle East and Others)
Stratview Research has presented the study of Composite LPG Cylinders Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022. 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.
The key composite LPG cylinders manufacturers are Hexagon Composites ASA, Aburi Composites, Amtrol-Alfa, Time Technoplast Ltd., and Metal Mate Co., Ltd., and AL Aman Gas Cylinders Manufacturing LLC.
Go through the detailed scope: https://www.stratviewresearch.com/toc/276/composite-LPG-cylinders-market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/276/composite-LPG-cylinders-market.html
Increasing demand for lightweight, explosion proof and non-corrosive LPG cylinders
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 is the most widely preferred 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.
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.
Stratview Research has launched a research report on Composite LPG Cylinders Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Composite LPG Cylinders Market from 2017 to 2022.
This 336-pages report is segmented in four ways to provide a 360-degree holistic view. The segments are –
• By Cylinder Type (Type III Cylinder, Type IV Cylinder)
• By Size Type (0-5kg, 6-10kg, 11kg & Above)
• By Application Type (Kitchen & Domestic Use, Transportation, Recreational Use, Others)
• By Region
o North America (Country Analysis: The USA, Canada, and Mexico)
o Europe (Country Analysis: Germany, France, The UK, Norway, Russia, and Rest of Europe)
o Asia-Pacific (Country Analysis: Thailand, Bangladesh, South Korea, and Rest of Asia-Pacific)
o Rest of the World (Country Analysis: Latin America, The Middle East and Others)
Stratview Research has presented the study of Composite LPG Cylinders Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022. 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.
The key composite LPG cylinders manufacturers are Hexagon Composites ASA, Aburi Composites, Amtrol-Alfa, Time Technoplast Ltd., and Metal Mate Co., Ltd., and AL Aman Gas Cylinders Manufacturing LLC.
Go through the detailed scope: https://www.stratviewresearch.com/toc/276/composite-LPG-cylinders-market.html
Or
Get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/276/composite-LPG-cylinders-market.html
Increasing demand for lightweight, explosion proof and non-corrosive LPG cylinders
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 is the most widely preferred 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.
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.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results