Press Release

Metal Cylinder Type to Dominate Asia Pacific LPG Cylinder Market During Forecast Period

Subsidies on purchase of LPG cylinders and lack of gas pipeline infrastructure to drive Asia Pacific LPG cylinder market through 2025

According to TechSci Research report, Asia Pacific LPG Cylinder Market By Cylinder Type, By Size, By Application, By Country, Competition, Forecast & Opportunities, 2025, Asia-Pacific LPG cylinder market is projected to grow at CAGR of over 5% in terms of value through 2025 on account of extension utilization of LPG in domestic applications and lack of proper infrastructure for the transportation of LPG. Due to unavailability of pipelines in developing economies, liquefied natural gas is transported in cylinders made of metal or composite material. Owing to lower greenhouse emission due to the use of LPG as fuel, several verticals including automotive & construction are switching or have switched to LPG, fueling the demand for LPG, which is anticipated to drive the LPG market through 2025 in the region. However, presence of alternative fuel can hamper the growth of the market.

LPG cylinder market in Asia-Pacific can be segmented based on cylinder type, size, application and country. In terms of cylinder type, metal segment is expected to account for the largest share and the trend is likely to continue in the coming years as well. This is due to subsidy offered by government on metal LPG cylinders and attributable to the fact that these cylinders are environment friendly in comparison to composite ones.

Browse 15 market data Tables and 30 Figures spread through 118 Pages and an in-depth TOC on"Mexico Tire Market "

https://www.techsciresearch.com/report/asia-pacific-lpg-cylinder-market/4341.html

LPG cylinder market in Asia-Pacific is consolidated with few players occupying the dominant share. Major players operating in the market include China Huanri Group Co. Ltd., Hebei baigong high-pressure vessel Co. Ltd., Mauria Udyog Ltd., Metal Mate Co. Ltd., Sahamitr Pressure Container Plc, Supreme Industries Ltd., Worthington Industries Inc., and Time Technoplast Ltd, among others.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4341

Customers can also request for 10% free customization on this report.

 “Asia-Pacific LPG cylinder market is expected to grow at brisk growth rate through 2025 due to growing demand for LPG as it is a cleaner fuel with low carbon footprint and high energy value. Moreover, piping natural gas requires huge initial investment for laying pipelines & maintenance after laying whereas LPG cylinders are readily available for instant use. This is expected to positively influence the growth of LPG cylinder market in the region.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Asia-Pacific LPG Cylinder Market By Cylinder Type, By Size, By Application, By Country, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of Asia-Pacific LPG cylinder market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Asia-Pacific LPG cylinder market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

 

Tel: +1-646-360-1656

 

Email: [email protected]