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Global “Liquefied Petroleum Gas (LPG) Cylinder market” report also concentrates on the development tendencies as well as history, competitive landscape evaluation, growth, key players, and key regions, etc. from the global Liquefied Petroleum Gas (LPG) Cylinder industry.
Liquefied Petroleum Gas (LPG) Cylinder market report is made by our industry experts to understand the worldwide Liquefied Petroleum Gas (LPG) Cylinder production, growth rate, consumption, market share, production volume, price, gross margin, and revenue. Our industry experts give the overview of the market by past, present, future demands and opportunities which helps the stakeholders and individuals interested in Liquefied Petroleum Gas (LPG) Cylinder.
The global Liquefied Petroleum Gas (LPG) Cylinder market to grow ata CAGR of almost 4% during the period 2019-2023.
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The rising demand for LPG and the high cost of laying pipe networks for LPG distribution have increased the use of LPG cylinders, primarily in domestic applications. Sectors such as construction, transportation, recreation, hot air balloons, agriculture, hospitality, and calefaction are also using LPG cylinders significantly. Our liquefied petroleum gas cylinder market analysis considers sales from the metal and composite type. Our analysis also considers the sales of liquefied petroleum gas cylinder in APAC, North America, Europe, South America, and MEA. In 2018, the metal segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as the availability of government subsidies on metal LPG cylinders, rising disposables income, and the environmental-friendly attribute of these cylinders will significantly help the segment in maintaining its leading market position.Also, our global liquefied petroleum gas cylinder report has observed market growth factors such as increasing use of LPG in many applications, rising subsidies offered by governments to promote LPG use, and lack of infrastructure for distribution of piped natural gas. However, challenges such as availability of alternative fuels, risks associated with LPG cylinders, and re-use of scrapped cylinders may hamper the growth of the liquefied petroleum gas cylinder industry over the forecast period.
Key Manufacturers Includes:
MARKET DYNAMICS:Market Driver:Lack Of Infrastructure For Transportation Of Piped Natural Gas.Market Trend:Growing Trend Toward Use Of Greener FuelMarket Challenge:Availability Of Alternative Fuel.Lack of infrastructure for transportation of piped natural gasAlthough piped natural gas is convenient to use and cost low for end-users, the lack of infrastructure for the distribution of natural gas through the piped network will create a high demand for LPG cylinders. Governments are promoting the use of LPG cylinders over piped natural gas owing to factors such as high cost of laying natural gas distribution pipelines and the extensive maintenance requirement post-installation. Vendors are capitalizing on these factors and are increasingly offering metal and composite LPG cylinders. As a result, the global liquefied petroleum gas cylinder market will record a CAGR of almost 4% during 2019-2023.The growing trend toward the use of greener fuelsThe trending concept of sustainability has been paving the way to use greener fuels, such as LPG, for cooking purposes. LPG has minimal emissions, low carbon footprint, and high energy value. Moreover, governments across developing nations, such as India, Turkey, and Brazil, are providing subsidies to promote the use of LPG as a cooking fuel than traditional fuels (wood, coals, charcoal, and kerosene). Therefore, the trend is expected to have a positive impact on the overall liquefied petroleum gas cylinder market growth during the forecast period.
Geographical Regions Includes:
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Detailed TOC of Liquefied Petroleum Gas (LPG) Cylinder Market Report:
PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
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Key Questions Answered in Liquefied Petroleum Gas (LPG) Cylinder Market Report: –
Name: Ajay More
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To view the original version on The Express Wire visit Global Liquefied Petroleum Gas (LPG) Cylinder Market Size 2019-2023: Regions, Top Players, Future Opportunities, and Challenges