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Global LPG Cylinder Market Will Grow at a CAGR 4.4% and Reach USD 2.24 Billion by 2023, from USD 1.73 Billion in 2017

New Global LPG Cylinder Market Report Covers market forecast and top Companies like Top Huanri, Amtrol-Alfa, Hebei Baigong, Worthington Industries, Sahamitr Pressure Container and others.


Lewes, DE -- (SBWIRE) -- 07/27/2018 -- LPG Cylinder market will register a 4.4% CAGR in terms of revenue, reach US$ 2240 million by 2023, from US$ 1730 million in 2017.

LPG Cylinder is a storage device that designed for the storing and transporting of liquefied petroleum gas.

LPG cylinder has a huge variety of uses, most significantly domestic use. It is suitable for both indoor and outdoor use, including caravans, camping and barbecues. Moreover, it is employed across many different sectors such as transportation, hot air balloons, construction, recreation, hospitality, agricultural, calefaction and fishing.

In consumption market, the global consumption value of LPG cylinder increases with the 3.25% average growth rate. Europe and China are the mainly consumption regions due to the bigger demand of downstream applications. In 2016, these two regions occupied 51.70% of the global consumption volume in total.

LPG cylinder has two types, which include LPG steel cylinders and LPG composite cylinders. And each type has application industries relatively. With medical effect in application process of LPG cylinder, the downstream application industries will need more LPG cylinder products. So, LPG cylinder has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce good performance LPG cylinder through improving technology.

The major raw materials for LPG cylinder are metal sheets, fluxes, welding wires, paint, valve, and other components. Fluctuations in the price of the upstream product will impact on the production cost of LPG cylinder. The production cost of LPG cylinder is also an important factor which could impact the price of LPG cylinder.

Over the next five years,study projects that LPG Cylinder will register a 4.4% CAGR in terms of revenue, reach US$ 2240 million by 2023, from US$ 1730 million in 2017.

This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
Hebei Baigong
Worthington Industries
Sahamitr Pressure Container
Mauria Udyog
Manchester Tank
Jiangsu Minsheng
Bhiwadi Cylinders
Hexagon Ragasco
Faber Industrie
Gaz Liquid Industrie (GLI)
Luxfer Gas Cylinders
Guangdong Yingquan
Aburi Composites

Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
LPG Steel Cylinders
LPG Composite Cylinders

Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
Kitchen and Domestic Use
Automotive Use

Spanning over 163 pages "Forecast of Global LPG Cylinder Market 2023" report covers LPG Cylinder Market Overview, Global LPG Cylinder Sales, Revenue (Value) and Market Share by Players, Global LPG Cylinder Sales, Revenue (Value) by Regions, Type and Application (2013-2018), North America Top 5 Players LPG Cylinder Sales, Revenue and Price, Europe Top 5 Players LPG Cylinder Sales, Revenue and Price, Asia-Pacific Top 5 Players LPG Cylinder Sales, Revenue and Price, South America Top 5 Players LPG Cylinder Sales, Revenue and Price, Middle East & Africa Top 5 Players LPG Cylinder Sales, Revenue and Price, Global LPG Cylinder Players Profiles/Analysis, Global LPG Cylinder Market Forecast (2018-2023), LPG Cylinder Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders, Market Effect Factors Analysis, Research Findings and Conclusion, Appendix.

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