Global LPG Cylinder Valve Market is expected to grow at a CAGR of 4.5% from 2017 to 2025.
Portland, OR -- (SBWIRE) -- 08/14/2017 -- According to a recent report published by Progressive Markets on the materials and chemicals sector, which titled, "Global Liquefied Petroleum Gas Cylinder Valve Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025", the industry is expected to increase at a CAGR of 4.5% during the period, 2017–2025. It is suitable for manufacturers and stakeholders owing to comprehensive analysis it offers of factors that increase or decrease growth of the market.
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The research gives a brief introduction of the global liquefied petroleum gas cylinder valve market in terms of its scope. It offers summary which includes significant findings, market attractiveness, competitive landscape, recent developments, and trend analysis. It incorporates research methodology, such as Porter's Five Forces Analysis (PFFA) to understand rivalry in the industry. This also includes bargaining power of the supplier & buyer and threat from substitutes & new entrepreneurs. It divides the industry into types and geographies.
Based on types, the study segments the global liquefied petroleum gas cylinder valve market into safety valves, prest-o-lite (POL) valves, self-closing valves, forklift valves, handwheel valves, quick-on valves, and cut-off push & turn valves. Geographically, it segments the market into Europe, North America, Latin America Middle East & Africa (LAMEA), and Asia-Pacific. The research analyzes share of the industry by types and geographies during the period, 2014–2025. It assesses market size of each type by region for the historic period and forecast period, 2014–2016 and 2017–2025, respectively. In addition, it evaluates market size of all nations of the industry during the aforementioned period.
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The study discusses big market players of the global liquefied petroleum gas cylinder valve market, such as Schultz Rackow Gasteknik, Bhiwadi Cylinders Pvt. Ltd., Hangzhou Tianlong Steel Cylinder Co., Ltd., Cavagna Group S.p.A, Rotarex, Kosan Industries Private Limited, Mauria Udyog Limited, ECP Industries Ltd., Orson Holdings Company Limited, and Vanaz Engineers Limited. It offers brief introduction of every manufacturer. Further, it analyzes business and finance segment of each company. It also evaluates recent advancements made by every firm. The experts describe various factors that vendors adopt to evolve market trends. These include product development, acquisition, product approval, and collaboration. The report explores factors that accelerate growth of the industry which include increase in energy demand in combination with rise in commercialization. It discusses alternate aspects that propel demand of the industry, such as growth in demand for safer solutions and technological advancement.
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The experts describe features that cause slow progress of the global liquefied petroleum gas cylinder valve market, such as uncertainty in LPG prices. Moreover, the study provides certain key takeaways of the industry, such as it provides great competitive edge to manufacturers, stakeholders, and new entrants. It provides comprehensive evaluation of aspects that have potential to restrict or drive the industry.