Market Overview:
The global LPG composite cylinders market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for LPG composite cylinders in automotive and kitchen and domestic use applications. In terms of type, the metal composite segment is expected to hold a major share of the global LPG composite cylinders market during the forecast period. However, non-metal composites are projected to grow at a higher CAGR than metal composites during the forecast period owing to their advantages such as low weight and high strength-to-weight ratio over metal composites.
Product Definition:
LPG Composite Cylinders are cylinders made from a variety of materials, including fiberglass and aluminum. They are often used for storage of propane or other gases.
Metal Composite:
Metal Composite is a material made by bonding two or more metals together. The most common example of metal composite is stainless steel, which consists of iron and chromium. Stainless steel has over 60% of metal content, making it a metal composite. Metal composites have various advantages over other materials such as low thermal expansion coefficient and high strength among others; these are some factors that can be attributed to the growth in demand for LPG composite cylinders market globally in recent years.
Non-metal Composite:
Non-metal composite is a material that contains more than one metal. It can be used in various industries including LPG, construction, automotive and medical. The most common non-metallic composites are fiberglass reinforced plastics (FRP), carbon fiber reinforced plastics (CFRP) and aramid fibers reinforced plastic (APR). These materials have high strength & stiffness which makes them suitable for use in the manufacturing of LPG composite cylinders.
Application Insights:
The global market is segmented by application into kitchen and domestic use, automotive use, and others. The kitchen and domestic use segment accounted for the largest share in 2017 owing to increasing demand from end-use markets such as Europe. Growing urbanization has led to an increase in cooking activities at home which has consequently increased the demand for gas composite cylinders across countries such as Germany.
The automotive application is projected to witness significant growth over the forecast period due to rising fuel prices coupled with environmental concerns regarding carbon emissions during manufacturing of vehicles. Increasing usage of natural gas as a fuel source in vehicles would reduce harmful exhaust gases thereby enhancing environment quality which is likely to augment product demand over the forecast period.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and will expand further at a steady CAGR from 2018 to 2030 owing to increasing number of gas stoves and fireplaces in the region. Europe is expected to be one of the significant markets for liquefied petroleum gas composite cylinders over the forecast period owing to high demand for natural gas as a fuel across countries such as Russia, France, Italy, Germany, Turkey and Ukraine. In addition, growing automotive industry is also likely boost product demand over there. North America market was dominated by U.S.
Growth Factors:
- Increasing demand for LPG as a fuel for cooking and heating purposes
- Rising awareness about the benefits of using LPG composite cylinders over traditional steel cylinders
- Government initiatives and subsidies to promote the use of LPG composite cylinders
- Technological advancements that have led to the development of lighter and stronger composite cylinders
- Growing demand from rural areas as a result of increasing access to clean cooking fuels
Scope Of The Report
Report Attributes
Report Details
Report Title
LPG Composite Cylinders Market Research Report
By Type
Metal Composite, Non-metal Composite
By Application
Kitchen and Domestic Use, Automotive Use, Others
By Companies
Amtrol-Alfa, Hebei Baigong, Worthington Industries, Sahamitr Pressure Container, Mauria Udyog, Manchester Tank, Aygaz, Jiangsu Minsheng, Butagaz, Bhiwadi Cylinders, EVAS, Hexagon Ragasco, Faber Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
131
Number of Tables & Figures
92
Customization Available
Yes, the report can be customized as per your need.
Global LPG Composite Cylinders Market Report Segments:
The global LPG Composite Cylinders market is segmented on the basis of:
Types
Metal Composite, Non-metal Composite
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Kitchen and Domestic Use, Automotive Use, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amtrol-Alfa
- Hebei Baigong
- Worthington Industries
- Sahamitr Pressure Container
- Mauria Udyog
- Manchester Tank
- Aygaz
- Jiangsu Minsheng
- Butagaz
- Bhiwadi Cylinders
- EVAS
- Hexagon Ragasco
- Faber Industries
Highlights of The LPG Composite Cylinders Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal Composite
- Non-metal Composite
- By Application:
- Kitchen and Domestic Use
- Automotive Use
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LPG Composite Cylinders Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LPG composite cylinders are made of a number of different materials, including plastic and metal. They are designed to be more durable than traditional gas cylinders, and they can be filled with either propane or butane.
Some of the major players in the lpg composite cylinders market are Amtrol-Alfa, Hebei Baigong, Worthington Industries, Sahamitr Pressure Container, Mauria Udyog, Manchester Tank, Aygaz, Jiangsu Minsheng, Butagaz, Bhiwadi Cylinders, EVAS, Hexagon Ragasco, Faber Industries.
The lpg composite cylinders market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LPG Composite Cylinders Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LPG Composite Cylinders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LPG Composite Cylinders Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LPG Composite Cylinders Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LPG Composite Cylinders Market Size & Forecast, 2020-2028
4.5.1 LPG Composite Cylinders Market Size and Y-o-Y Growth
4.5.2 LPG Composite Cylinders Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Metal Composite
5.2.2 Non-metal Composite
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Kitchen and Domestic Use
6.2.2 Automotive Use
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LPG Composite Cylinders Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LPG Composite Cylinders Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Metal Composite
9.6.2 Non-metal Composite
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Kitchen and Domestic Use
9.10.2 Automotive Use
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Metal Composite
10.6.2 Non-metal Composite
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Kitchen and Domestic Use
10.10.2 Automotive Use
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Metal Composite
11.6.2 Non-metal Composite
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Kitchen and Domestic Use
11.10.2 Automotive Use
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Metal Composite
12.6.2 Non-metal Composite
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Kitchen and Domestic Use
12.10.2 Automotive Use
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Metal Composite
13.6.2 Non-metal Composite
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Kitchen and Domestic Use
13.10.2 Automotive Use
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LPG Composite Cylinders Market: Competitive Dashboard
14.2 Global LPG Composite Cylinders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amtrol-Alfa
14.3.2 Hebei Baigong
14.3.3 Worthington Industries
14.3.4 Sahamitr Pressure Container
14.3.5 Mauria Udyog
14.3.6 Manchester Tank
14.3.7 Aygaz
14.3.8 Jiangsu Minsheng
14.3.9 Butagaz
14.3.10 Bhiwadi Cylinders
14.3.11 EVAS
14.3.12 Hexagon Ragasco
14.3.13 Faber Industries
