Composite LPG Cylinderss have a huge variety of uses, most significantly domestic use. They are suitable for both indoor and outdoor use, including caravans, camping and barbecues. Moreover, they are employed across many different sectors such as boating, hot air balloons, construction, recreation, hospitality, agricultural, calefaction and fishing.
Composite LPG cylinder has a huge variety of uses, most significantly domestic use. It is suitable for both indoor and outdoor use, including caravans, camping and barbecues. Moreover, it is employed across many different sectors such as transportation, hot air balloons, construction, recreation, hospitality, agricultural, calefaction and fishing.
In the past several years, the global composite LPG cylinder market is relatively stable with a Compound Annual Growth Rate of 9.86%. In 2015, the global actual production of composte LPG cylinder is about 5840 K Units, with a total capacity of nearly 7800K Units.
Due to the regulations in Europe and North America, the composite LPG cylinder industry is relatively concentrated, the manufacture technology of steel cylinder is highly mature, while the market of composite cylinder is in fast growth, which has been taking a noticeable market share for more than ten years. However, in China, the composite LPG cylinder is not that popular,
The composite LPG cylinder can be used in different fields, like home use and automotive, institutions & commercial applications, etc. Kitchen and domestic use is the largest application of composite LPG cylinder.
The two largest producers of LPG cylinder in the world are Hexagon Ragasco and Aburi Composites, which takes a combined share of 35.90% in 2015.
Due to the superior performance of composite LPG cylinder, the steel LPG cylinder must be replaced by composite LPG cylinder gradually. And with the development of technology, there will be better materials to be developed. So the current material also has the danger of replacement.
The global Composite LPG Cylinders market was 350 million US$ in 2018 and is expected to 540 million US$ by the end of 2025, growing at a CAGR of 5.6% between 2019 and 2025.
This report studies the Composite LPG Cylinders market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Composite LPG Cylinders in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
RAD SANE HIDAJ
Sundarban Industrial Complex
By the product type, the market is primarily split into
metal tank winding
composite material tank winding
By the end users/application, this report covers the following segments
Kitchen and Domestic Use
Institutions & Commercial
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Composite LPG Cylinders market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Composite LPG Cylinders market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Composite LPG Cylinders manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Composite LPG Cylinders with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Composite LPG Cylinders submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Composite LPG Cylinders are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Composite LPG Cylinders market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Composite LPG Cylinders market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.