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(USGovernment-News.Com, March 28, 2018 ) LPG Cylinders Market By Type (LPG Steel Cylinder, LPG Composite Cylinder); By End-Use (Kitchen & Domestic Use, Automotive Use, Others); By Regions (North America, Asia Pacific, Europe, The Middle East & Africa And Latin America) - Europe Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2017-2025
It is progressively used as an aerosol propellant and a refrigerant, supplanting chlorofluorocarbons with an end goal to lessen harm to the ozone layer. At the point when particularly used as a vehicle fuel, it is frequently referred to as auto gas. LPG is prepared by refining petroleum or "wet" natural gas and is totally derived from non-renewable energy sources, being manufactured amid the refining of crude oil, or extracted from oil or natural gas streams as they rise up out of the ground.
The report delivers both, qualitative and quantitative research of the market, at the same time encompasses worthy insights into the rational scenario and favored improvement methods adopted by key contenders. Some of the primary players of Europe LPG Cylinders Market are Aygaz, Luxfer Gas Cylinders, Hexagon Ragasco, GLI, Gaz Liquid Industrie, Faber Industrie S.p.A, Antonio Merloni Cylinders Ghergo Group S.p.A, Eurocylinder Systems AG, EUROCAMPING Srl, Atrama, Rubis Caribbean, Aburi Composites, GI&E Holding, EVAS, and Amtrol-Alfa among others
Europe LPG cylinders market accounted for 24.1 million units in 2015 and is expected to reach 37.7 million units by 2021, growing at a CAGR of 7.9% from 2016 to 2021. Europe LPG Cylinders Market is segmented on the basis of type into LPG Steel Cylinder and LPG Composite Cylinder.
Representing over XX% of the aggregate share of the market, the LPG Steel Cylinder Segment will lead the market amid the forecast period as it holds the largest share of the market. Also, it is anticipated to be the dominant segment throughout the prognosis period due to its high prevalence in the market. Growing demand from the kitchen & domestic use sector is the major factor boosting demand for LPG cylinders in the Europe market.
Kitchen & domestic use is projected to remain the largest and fastest-growing application in the Global LPG Cylinders Market during the prognosis period. There is a rise in replacement of the type I cylinders with sort IV cylinders, inferable from their principal points of lightweight and an incredible burst pressure. Increase in demand for lightweight, explosion proof and non-destructive LPG cylinders and government push towards the use of composite cylinders are some of the significant drivers of the market. The increase in the consumption of LPG in the emerging economies of Europe additionally lifts the demand for LPG cylinders throughout the following five years.
Germany represented a significant share of Europe LPG Cylinders Market in XXXX and is relied upon to increase in the coming years. Representing over XX% of the aggregate share of the Europe market, Germany is projected to be dominant throughout the forecast period. This is due to increase in the products demand for recreational use. Development of lightweight cylinders, capacity expansion, and regional expansion are the key strategies adopted by the key players to gain a competitive edge in the market.
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