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

DUBLIN–(BUSINESS WIRE)–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

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Related
Topics: LPG
(Liquefied Petroleum Gas), Composites