Global Composite LPG Cylinders Market Growth 2023-2029

Global Composite LPG Cylinders Market Growth 2023-2029

Composite LPG Cylinderss are tanks that designed for the storing and transporting of liquefied petroleum gas.

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.

LPI (LP Information)' newest research report, the “Composite LPG Cylinders Industry Forecast” looks at past sales and reviews total world Composite LPG Cylinders sales in 2022, providing a comprehensive analysis by region and market sector of projected Composite LPG Cylinders sales for 2023 through 2029. With Composite LPG Cylinders sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Composite LPG Cylinders industry.

This Insight Report provides a comprehensive analysis of the global Composite LPG Cylinders landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Composite LPG Cylinders portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Composite LPG Cylinders market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Composite LPG Cylinders and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Composite LPG Cylinders.

The global Composite LPG Cylinders market size is projected to grow from US$ 408.9 million in 2022 to US$ 624 million in 2029; it is expected to grow at a CAGR of 624 from 2023 to 2029.

Global Composite LPG Cylinders key players include Hexagon Ragasco, Aburi Composites, Santek, EVAS, Time Tech, etc. Global top five manufacturers hold a share about 60%.

Europe is the largest market, with a share over 30%, followed by China, and North America, both have a share about 50 percent.

In terms of product, Composite liner winding is the largest segment, with a share over 55%. And in terms of application, the largest application is Kitchen and Domestic Use, followed by Industries, Institutions and Commercial, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Composite LPG Cylinders market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Metal Tank Winding

Composite Material Tank Winding

Segmentation by application

Kitchen and Domestic Use

Industries

Institutions and Commercial

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Hexagon Ragasco

Aburi Composites

Time Tech

Santek

Rubis Caribbean

Supreme

Composite Scandinavia

Gavenplast

RAD SANE HIDAJ

Sundarban Industrial Complex

Kolos

Metal Mate

EVAS

Key Questions Addressed in this Report

What is the 10-year outlook for the global Composite LPG Cylinders market?

What factors are driving Composite LPG Cylinders market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Composite LPG Cylinders market opportunities vary by end market size?

How does Composite LPG Cylinders break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.