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LPG Cylinder Market Size & Trends By Regional(Asia Pacific, Europe, America, Middle East And Africa), Industry Statistics, Growth Potential, Price Trend, Competitive Share, Market Statistics and Forecast 2023 - 2027

ID : MRI_71971 | Date : Apr, 2021 | Pages : 168 | Region : Global

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LPG Cylinder is a storage device that designed for the storing and transporting of liquefied petroleum gas.
LPG cylinder has a huge variety of uses, most significantly domestic use. It is suitable for both indoor and outdoor use, including caravans, camping and barbecues. Moreover, it is employed across many different sectors such as transportation, hot air balloons, construction, recreation, hospitality, agricultural, calefaction and fishing.
LPG cylinder industry has low technology barrier and is labor intensive industry. Currently, there are several producing companies in the world LPG cylinder industry. The main market players are Worthington Industries, Huanri, Hebei Baigong, Sahamitr Pressure Container and Mauria Udyog. The C of LPG cylinder will increase to 78563 K Units in 2018 from 58354 K Units in 2013 with average growth rate of 6.13%.
Due to the regulations in Europe, the LPG cylinder industry is relative concentrated, the manufacture technology of steel cylinder is highly mature, while the market of composite cylinder is in fast growth, which has been taking a noticeable market share for more than ten years. In 2017, the market share of steel cylinder is 60.17%, while the share of composite cylinder increased to 34.97%. The key factors that triggered the prosperity of composite cylinder market are: it is fifty per cent lighter than conventional steel cylinders; it is nonexplosive, translucent, non-corrosive and environment friendly.
The LPG Cylinder Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.

The report offers detailed coverage of LPG Cylinder industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading LPG Cylinder by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global LPG Cylinder market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

First, this report covers the present status and the future prospects of the global LPG Cylinder market for 2015-2027.

Key Companies
Worthington Industries
Aygaz
Butagaz
EVAS
Hexagon Ragasco
Faber Industrie
Gaz Liquid Industrie (GLI)
VÍTKOVICE 
Luxfer Gas Cylinders
Aburi Composites
Huanri
Hebei Baigong
Sahamitr Pressure Container 
Mauria Udyog
Jiangsu Minsheng
Bhiwadi Cylinders
MetalMate

LPG Cylinder Market by Type
LPG Steel Cylinders
LPG Composite Cylinders
LPG Cylinder Market by Application
Kitchen and Domestic Use
Automotive Use

At the same time, we classify LPG Cylinder according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the LPG Cylinder market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the LPG Cylinder market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the LPG Cylinder market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.

Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the LPG Cylinder market for the forecast period 2021 - 2027?
• What are the driving forces in the LPG Cylinder market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the LPG Cylinder industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

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