|
|
(Transportation-News.com, December 29, 2018 )
Stratview Research has published a new research report on Composite LPG Cylinders Market. This extensive 210-page report by Stratview Research analyses the growth of Composite LPG Cylinders Market over the trend period of 2011 to 2016 and forecast period of 2017 to 2022 under the following segments -
• 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 (North America, Europe, Asia-Pacific, Rest of the World)
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. Type IV cylinder offers the maximum weight reduction and higher burst pressure as compared to type I and type III cylinders.
Top market players
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.
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
Ritesh Gandecha
+1-313-307-4176
sales@stratviewresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
|
