Nov 21, 2019   SOURCE: BusinessWire

Growth of Liquefied Petroleum Gas (LPG) Cylinder Market to Be Impacted by Growing Trend Toward the Use of Greener Fuels | Technavio

The report, global liquefied petroleum gas (LPG) cylinder market has been added to Technavio’s catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on type and geography for the forecast period 2019-2023.

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Technavio has announced its latest market research report titled global LPG cylinder market 2019-2023. (Graphic: Business Wire)

Technavio has announced its latest market research report titled global LPG cylinder market 2019-2023. (Graphic: Business Wire)

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This report on the liquefied petroleum gas (LPG) cylinder market includes:

Liquefied petroleum gas (LPG) cylinder market analysis and forecast 2019-2023: Features

  • Competitive landscape
  • Market segmentation
    • Type
    • Geography
  • Market drivers
  • Market trends
  • Market challenges
  • Five forces analysis
  • Market landscape
  • Market sizing & forecast

Liquefied Petroleum Gas (LPG) Cylinder Market 2019-2023: Competitive Landscape

  • Vendors covered
  • Vendor classification
    • Aygaz AŞ
    • China Huanri Group Co. Ltd.
    • Hebei baigong high-pressure vessel Co. Ltd.
    • Hexagon Composites ASA
    • Mauria Udyog Ltd.
    • Metal Mate Co. Ltd.
    • Sahamitr Pressure Container Plc
    • Supreme Industries Ltd.
    • Time Technoplast Ltd.
    • Worthington Industries Inc.

Liquefied Petroleum Gas (LPG) Cylinder Market 2019-2023: Geographic Landscape

  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023

Liquefied Petroleum Gas (LPG) Cylinder Market 2019-2023: Type

  • Metal - Market size and forecast 2018-2023
  • Composite - Market size and forecast 2018-2023

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Lack of infrastructure for transportation of piped natural gas will drive the liquefied petroleum gas (LPG) cylinder market

Importing piped natural gas is a costly affair for countries, which have insufficient gas resources. This is because LPG must first be liquefied and transported in special ships. Then, it must be gasified again at LNG terminals based in the importing country before being piped. This adds to the cost of piped gas. Hence, most countries prefer transporting LPG through cylinders than laying out pipelines. Therefore, the lack of infrastructure for transportation of piped natural gas will drive the growth of the LPG cylinder market.

Growing trend toward the use of greener fuels– An emerging trend in the LPG cylinder market

The most common traditional fuels for cooking are wood, coal, charcoal, and kerosene. Burning of wood leads to smoke and contaminates the food with ash. Coal often contains contaminants that make its emissions unhealthier than biomass. Hence, the focus is increasingly shifting toward the use of greener fuels. LPG is a clean-burning fuel and one of the cleanest forms of energy available, both in terms of handling and combustion. Moreover, governments across various developing nations such as India, Turkey, and Brazil are providing various subsidiaries to promote the use of LPG as a cooking fuel over traditional fuels. Thus, the demand for LPG is increasing which will drive the LPG cylinder market growth.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

Get Full Report: https://www.technavio.com/report/liquefied-petroleum-gas-lpg-cylinder-market-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

Market Trends

  • Growing trend toward the use of greener fuels
  • Growing trend toward adoption of composite LPG cylinders
  • Innovative technology to boost access to cooking fuels

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Browse Related Energy Reports:

  • Global LPG Tanker Market: The global LPG tanker market is forecast to grow at a CAGR of over 4% during the period 2019-2023. The LPG tanker market size will grow by USD 235.96 million during the forecast period of 2019-2023.
  • Global Liquefied Petroleum Gas (LPG) Market: The global liquefied petroleum gas (LPG) market is forecast to grow at a CAGR of almost 3% during the period 2019-2023. The liquefied petroleum gas (LPG) market size will grow by USD 41.29 billion during the forecast period of 2019-2023.

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