Composite LPG Cylinders Market is expected to grow at a compound annual growth rate of 6.1% from 2018 to 2026. The composite LPG cylindersare tanks that are especially to store and transport the liquefied petroleum gas (LPG).The growth of the market is attributed to its usage across both domestic several commercial purposes such as camping, caravans,as transportation, hot air balloons, construction, recreation, hospitality, barbecues, agricultural, calefaction and fishing. Although kitchen is the remarkable application area for these composite LPG cylinders but other applications such as automotive and institutions also plays a crucial role in the growth of the composite LPG cylinders market The varied uses of the composite LPG cylinders has boosted it growth and is expected to continue during the forecast period. It’s both indoor and outdoor uses has given a remarkable position to maintain its foremost position in the LPG market globally. It durable and this is the factor that drives its market and keeps it as a recognized source for LPG globally.
Globally, North America and Europe have been the promising market for composite LPG cylinders since decade and the market is highly concentrated in this two regions. The composite LPG cylinders market in China and Europe is expected to experience robust growth in the coming years. Across Asia Pacific, China being the pioneer in many of the markets hold minimal share in the global composite LPG cylinder market as the popularity is low across this country. The composite LPG cylinders market is segmented into by application type and by geography. The application is further sub segmented into domestic, industrial and commercial. Under commercial we have covered automotive, recreational, institutions, and others. By geography or regional the market is broadly segmented into North America, Europe, Asia Pacific and rest of the World (RoW). The key countries of these four regions have been also analyzed under the scope of the global composite LPG cylinders market report. In addition, the composite LPG cylinders market also covers drivers, restraints, opportunities, key trends, challenges, distribution channels, pricing analysis and entry barriers among others.
The major companies profiled under the scope of the composite LPG cylinders market report are Hexagon Ragasco, Santek, RAD SANE HIDAJ, Sundarban Industrial Complex, Rubis Caribbean, Supreme,Aburi Composites, Time Tech, Composite Scandinavia, Gavenplast, Kolos, Metal Mate, and EVAS among others. Among these players, Aburi Composites and Hexagon Ragasco are the two largest manufacturers of composite LPG cylinders globally.
The Highlights of the Global Composite Liquified Petroleum Gas (LPG) Cylinder Market Report
Scope of the Global Composite Liquefied Petroleum Gas (LPG) Cylinder Market
Global Composite Liquefied Petroleum Gas (LPG) Cylinder Market Segments byApplication:
Global Composite Liquefied Petroleum Gas (LPG) Cylinder Market Segments by Geography/ Region: