Jan 3, 2018   SOURCE: BusinessWire

Global Composite LPG Cylinders Market 2011-2022 - $187 Million Market Opportunity - Research and Markets

The "Global Composite LPG Cylinders Market by Cylinder Type, by Cylinder Size Type, by Application Type and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022" report has been added to Research and Markets' offering.

The global composite LPG cylinders market is expected to grow at an impressive CAGR of 9.7% over the next five years.

The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

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 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.

Kitchen & domestic use is expected to remain the largest and fastest-growing application type in the global composite LPG cylinders market during the forecast period. There is an increasing replacement of type I cylinders with type IV cylinders, owing to their advantages of lightweight and an excellent burst pressure. Additionally, piped natural gas in households is being replaced with composite LPG cylinders, owing to its limited reserves and high cost.

Key Topics Covered:

1. Executive Summary

2. Global Composite LPG Cylinders Market - Overview and Market Forces

3. Global Composite LPG Cylinders Market Analysis - By Cylinder Type

4. Global Composite LPG Cylinders Market Analysis - By Cylinder Size Type

5. Global Composite LPG Cylinders Market Analysis - By Application Type

6. Global Composite LPG Cylinders Market Analysis - By Region

7. Competitive Analysis

8. Strategic Growth Opportunities

9. Company Profile of Key Players

  • Amtrol Alfa Hexagon Ragasco AS
  • Metal Mate Co. Ltd.
  • Time Technoplast Ltd.
  • Supreme Industries Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/hcbv2l/global_composite?w=4