An exciting new study from the team of Lucintel found that LPG cylinder market is expected to reach $2.4 billion by 2025 with a CAGR of 2.6%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The LPG cylinder market is segmented based on cylinder, application, material consumption, and region. In this market, a metal LPG cylinder is the largest segment by cylinder type, whereas household is largest by application. Players can benefit from the available opportunities like LPG being the major source of cooking fuel in most of the countries and the lack of infrastructure for piped natural gas.
The increasing adoption of composite LPG cylinders and widening the size range of composite LPG cylinders to meet the needs of different consumers are emerging trends having impact on dynamics of the industry.
Worthington Industries, Maurya Udyog Limited, Hexagon Composites, Sahamitr Pressure Container, and Time Technoplast are some of the major players profiled in this 193 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the LPG cylinder market by cylinder type (metal LPG cylinders and composite LPG cylinders), application (households, automobile, and leisure), material consumption (metal, composite, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the LPG cylinder market?
Q.4 What are some changing demands of customers in the LPG cylinder market?
Q.5 What are the new developments in the LPG cylinder market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this LPG cylinder area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this LPG cylinder market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link
[email protected]
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email:
[email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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