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Market Research Report

Liquefied Petroleum Gas (LPG) Cylinder Market by Type and Geography - Global Forecast and Analysis 2019-2023

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Liquefied Petroleum Gas (LPG) Cylinder Market by Type and Geography - Global Forecast and Analysis 2019-2023
Published: September 6, 2019 Content info: 132 Pages
Description

About this market

The rising demand for LPG and the high cost of laying pipe networks for LPG distribution have increased the use of LPG cylinders, primarily in domestic applications. Sectors such as construction, transportation, recreation, hot air balloons, agriculture, hospitality, and calefaction are also using LPG cylinders significantly. Technavio's liquefied petroleum gas cylinder market analysis considers sales from the metal and composite type. Our analysis also considers the sales of liquefied petroleum gas cylinder in APAC, North America, Europe, South America, and MEA. In 2018, the metal segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as the availability of government subsidies on metal LPG cylinders, rising disposables income, and the environmental-friendly attribute of these cylinders will significantly help the segment in maintaining its leading market position. Also, our global liquefied petroleum gas cylinder report has observed market growth factors such as increasing use of LPG in many applications, rising subsidies offered by governments to promote LPG use, and lack of infrastructure for distribution of piped natural gas. However, challenges such as availability of alternative fuels, risks associated with LPG cylinders, and re-use of scrapped cylinders may hamper the growth of the liquefied petroleum gas cylinder industry over the forecast period.

Overview

Lack of infrastructure for transportation of piped natural gas

Although piped natural gas is convenient to use and cost low for end-users, the lack of infrastructure for the distribution of natural gas through the piped network will create a high demand for LPG cylinders. Governments are promoting the use of LPG cylinders over piped natural gas owing to factors such as high cost of laying natural gas distribution pipelines and the extensive maintenance requirement post-installation. Vendors are capitalizing on these factors and are increasingly offering metal and composite LPG cylinders. As a result, the global liquefied petroleum gas cylinder market will record a CAGR of almost 4% during 2019-2023.

The growing trend toward the use of greener fuels

The trending concept of sustainability has been paving the way to use greener fuels, such as LPG, for cooking purposes. LPG has minimal emissions, low carbon footprint, and high energy value. Moreover, governments across developing nations, such as India, Turkey, and Brazil, are providing subsidies to promote the use of LPG as a cooking fuel than traditional fuels (wood, coals, charcoal, and kerosene). Therefore, the trend is expected to have a positive impact on the overall liquefied petroleum gas cylinder market growth during the forecast period.

For the detailed list of factors that will drive the global liquefied petroleum gas cylinder market during the forecast period 2019-2023, view our report.

Competitive Landscape

With the presence of a few major players, the global liquefied petroleum gas cylinder market is concentrated. Technavio's robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of few leading vendors such as Aygaz AS, China Huanri Group Co. Ltd., Hebei baigong high-pressure vessel Co. Ltd., Hexagon Composites ASA, Mauria Udyog Ltd., Metal Mate Co. Ltd., Sahamitr Pressure Container Plc, Supreme Industries Ltd., Time Technoplast Ltd., and Worthington Industries Inc.

Also, the liquefied petroleum gas cylinder market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies in strategizing and leveraging on all forthcoming growth opportunities.

Table of Contents
Product Code: IRTNTR31995

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TYPE

  • Market segmentation by type
  • Comparison by type
  • Metal - Market size and forecast 2018-2023
  • Composite - Market size and forecast 2018-2023
  • Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Aygaz AS
  • China Huanri Group Co. Ltd.
  • Hebei baigong high-pressure vessel Co. Ltd.
  • Hexagon Composites ASA
  • Mauria Udyog Ltd.
  • Metal Mate Co. Ltd.
  • Sahamitr Pressure Container Plc
  • Supreme Industries Ltd.
  • Time Technoplast Ltd.
  • Worthington Industries Inc.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

LIST OF EXHIBITS:

  • Exhibit 01: Vendors - Key product offerings
  • Exhibit 02: Global oil and gas storage and transportation market
  • Exhibit 03: Segments of global oil and gas storage and transportation market
  • Exhibit 04: Market characteristics
  • Exhibit 05: Market segments
  • Exhibit 06: Market definition - Inclusions and exclusions checklist
  • Exhibit 07: Market size 2018
  • Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
  • Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
  • Exhibit 10: Five forces analysis 2018
  • Exhibit 11: Five forces analysis 2023
  • Exhibit 12: Bargaining power of buyers
  • Exhibit 13: Bargaining power of suppliers
  • Exhibit 14: Threat of new entrants
  • Exhibit 15: Threat of substitutes
  • Exhibit 16: Threat of rivalry
  • Exhibit 17: Market condition - Five forces 2018
  • Exhibit 18: Type - Market share 2018-2023 (%)
  • Exhibit 19: Comparison by type
  • Exhibit 20: Metal - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 21: Metal - Year-over-year growth 2019-2023 (%)
  • Exhibit 22: Composite - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 23: Composite - Year-over-year growth 2019-2023 (%)
  • Exhibit 24: Market opportunity by type
  • Exhibit 25: Customer landscape
  • Exhibit 26: Customer landscape analysis
  • Exhibit 27: Market share by geography 2018-2023 (%)
  • Exhibit 28: Geographic comparison
  • Exhibit 29: APAC - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 30: APAC - Year-over-year growth 2019-2023 (%)
  • Exhibit 31: North America - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 32: North America - Year-over-year growth 2019-2023 (%)
  • Exhibit 33: MEA - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 34: MEA - Year-over-year growth 2019-2023 (%)
  • Exhibit 35: Europe - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 36: Europe - Year-over-year growth 2019-2023 (%)
  • Exhibit 37: South America - Market size and forecast 2018-2023 ($ millions)
  • Exhibit 38: South America - Year-over-year growth 2019-2023 (%)
  • Exhibit 39: Key leading countries
  • Exhibit 40: Market opportunity
  • Exhibit 41: Impact of drivers and challenges
  • Exhibit 42: Vendor landscape
  • Exhibit 43: Landscape disruption
  • Exhibit 44: Vendors covered
  • Exhibit 45: Vendor classification
  • Exhibit 46: Market positioning of vendors
  • Exhibit 47: Aygaz AS - Vendor overview
  • Exhibit 48: Aygaz AS - Business segments
  • Exhibit 49: Aygaz AS - Organizational developments
  • Exhibit 50: Aygaz AS - Geographic focus
  • Exhibit 51: Aygaz AS - Segment focus
  • Exhibit 52: Aygaz AS - Key offerings
  • Exhibit 53: China Huanri Group Co. Ltd. - Vendor overview
  • Exhibit 54: China Huanri Group Co. Ltd. - Product segments
  • Exhibit 55: China Huanri Group Co. Ltd. - Key offerings
  • Exhibit 56: Hebei baigong high-pressure vessel Co. Ltd. - Vendor overview
  • Exhibit 57: Hebei baigong high-pressure vessel Co. Ltd. - Product segments
  • Exhibit 58: Hebei baigong high-pressure vessel Co. Ltd. - Key offerings
  • Exhibit 59: Hexagon Composites ASA - Vendor overview
  • Exhibit 60: Hexagon Composites ASA - Business segments
  • Exhibit 61: Hexagon Composites ASA - Organizational developments
  • Exhibit 62: Hexagon Composites ASA - Geographic focus
  • Exhibit 63: Hexagon Composites ASA - Segment focus
  • Exhibit 64: Hexagon Composites ASA - Key offerings
  • Exhibit 65: Mauria Udyog Ltd. - Vendor overview
  • Exhibit 66: Mauria Udyog Ltd. - Business segments
  • Exhibit 67: Mauria Udyog Ltd. - Segment focus
  • Exhibit 68: Mauria Udyog Ltd. - Key offerings
  • Exhibit 69: Metal Mate Co. Ltd. - Vendor overview
  • Exhibit 70: Metal Mate Co. Ltd. - Product segments
  • Exhibit 71: Metal Mate Co. Ltd. - Key offerings
  • Exhibit 72: Sahamitr Pressure Container Plc - Vendor overview
  • Exhibit 73: Sahamitr Pressure Container Plc - Business segments
  • Exhibit 74: Sahamitr Pressure Container Plc - Segment focus
  • Exhibit 75: Sahamitr Pressure Container Plc - Key offerings
  • Exhibit 76: Supreme Industries Ltd. - Vendor overview
  • Exhibit 77: Supreme Industries Ltd. - Business segments
  • Exhibit 78: Supreme Industries Ltd. - Segment focus
  • Exhibit 79: Supreme Industries Ltd. - Key offerings
  • Exhibit 80: Time Technoplast Ltd. - Vendor overview
  • Exhibit 81: Time Technoplast Ltd. - Business segments
  • Exhibit 82: Time Technoplast Ltd. - Organizational developments
  • Exhibit 83: Time Technoplast Ltd. - Segment focus
  • Exhibit 84: Time Technoplast Ltd. - Key offerings
  • Exhibit 85: Worthington Industries Inc. - Vendor overview
  • Exhibit 86: Worthington Industries Inc. - Business segments
  • Exhibit 87: Worthington Industries Inc. - Organizational developments
  • Exhibit 88: Worthington Industries Inc. - Geographic focus
  • Exhibit 89: Worthington Industries Inc. - Segment focus
  • Exhibit 90: Worthington Industries Inc. - Key offerings
  • Exhibit 91: Validation techniques employed for market sizing
  • Exhibit 92: Definition of market positioning of vendors
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