Global Composite LPG Cylinders Market Impacted by increasing demand for lightweight, explosion proof and non-corrosive LPG cylinders.

The 210 pages latest publication on the Global Composite LPG Cylinders Market throws light on the market dynamics and the factors impacting the business environment.

Stratview Research’s latest market report on the Global Composite LPG Cylinders Market covers the wide spectrum of the factors governing the future growth including drivers, challenges, emerging trends, technology changes, and environmental factors. The report is a perfect blend of insights and market figures which would enable the business strategists to churn out the future business strategies.

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According to the report, Global Composite LPG Cylinders Market is likely to reach an estimated value of 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.
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The supply chain of this market comprises raw material suppliers, composite LPG cylinder manufacturers, distributors, oil & gas companies, and end users. 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. Development of lightweight cylinders, capacity expansion, and regional expansion are the key strategies adopted by the key players to gain a competitive edge in the market.

Stratview Research has done a rigorous study on the Global Composite LPG Cylinders Market in its recently launched market report. Market forecast has been done after considering the views of key decision makers, extensive desk research, key market drivers and challenges, apart from our market expertise. Identify the most important factors and opportunities impacting your business decisions.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

This report studies the Global Composite LPG Cylinders Market and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. The following are the four ways in which the market is segmented:

Global Composite LPG Cylinders Market by Cylinder Type:
• Type III Cylinder (Regional Analysis: NA, Europe, APAC, and RoW)
• Type IV Cylinder (Regional Analysis: NA, Europe, APAC, and RoW)

Global Composite LPG Cylinders Market by Size Type:
• 0-5kg (Regional Analysis: NA, Europe, APAC, and RoW)
• 6-10kg (Regional Analysis: NA, Europe, APAC, and RoW)
• 11kg & Above (Regional Analysis: NA, Europe, APAC, and RoW)

Global Composite LPG Cylinders Market by Application Type:
• Kitchen & Domestic Use (Regional Analysis: NA, Europe, APAC, and RoW)
• Transportation (Regional Analysis: NA, Europe, APAC, and RoW)
• Recreational Use (Regional Analysis: NA, Europe, APAC, and RoW)
• Others (Regional Analysis: NA, Europe, APAC, and RoW)

Global Composite LPG Cylinders Market by Region:
• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Norway, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: Thailand, Bangladesh, South Korea, and Rest of Asia-Pacific)
• Rest of the world (Country Analysis: The Middle East, Latin America, and Others)

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Source: MarketersMedia

Release ID: 498073