LPG Cylinder Manufacturing Market: To Receive Overwhelming Hike In Revenues By 2018 - 2026
According to a new market report published by Transparency Market Research titled “LPG Cylinder Manufacturing Market, Material – Steel, Aluminum; Size – 4 Kg-15 Kg, 16 Kg-25 Kg, 25 Kg-50 Kg, More than 50 Kg; End-use – Domestic, Commercial, Industrial – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global LPG cylinder manufacturing market is expected to reach US$ 4.7 Bn by 2026, expanding at a CAGR of 3.6% from 2018 to 2026. Asia Pacific held the highest share in the LPG cylinder manufacturing market in 2017. Demand is expected to accelerate with rising disposable income. Rising awareness about the usage of natural fuel by end-users, and emission of minimal pollution through LPG cylinders has triggered the demand for LPG cylinders across the globe. LPG is a clean-burning fuel that produces lower levels of CO2, NO2, and other pollutants as compared to traditional fuels such as biomass. Furthermore, LPG helps to improve ...