October 04, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Global Butane Gas Cartridges Market Growth 2019-2024’, the worldwide butane gas cartridges market is anticipated to surpass US $550 million by the year 2024.
Gas cartridge is the most effective way of storing fuel. Butane gas cartridge generally contains a mixture of butane and propane stored under high pressure. These cartridges are usually made up of metal for improved storage functionality. Other benefits of these cartridges include easy portability, light weight, clean burning, and ability to control and effectively monitor the flame for safe operations, which are aiding the growth of butane gas cartridges market.
According to the report, butane gas cartridges market was worth US $450 million in 2019 and is expected to grow with a CAGR of 3.5% over the forecast timeframe. The study also presents a comprehensive insight about the segmental share, growth opportunities, challenges, drivers and trends impacting the market growth.
Butane gas cartridges market is examined on the basis of product type, application spectrum and regional landscape. Based on the product type, the market is fragmented as below 220g/unit, 220g-250g/unit and above 250g/unit.
Considering the application spectrum, the market is segmented as commercial, stoves, medical, foods & beverages and others, wherein stoves segment witnessed momentous growth in 2017, owing to higher sales of integrated stoves encountered by distributors and small traders for individual use.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/1584589/
Speaking of the regional landscape, the market is bifurcated into four major regions; China, India, Australia, Japan, Southeast Asia, and Korea come under Asia Pacific; Egypt, Turkey, GCC Countries, South Africa, and Israel fall under Middle East & Africa; Europe comprises of Germany, UK, Italy, France, Spain, and Russia; and America contains Brazil, the U.S., Mexico, and Canada. Furthermore, China registered the largest consumption share of 27.07% in 2017 and South Korea dominated the production share in the same year, claims the report.
The prominent manufacturers operating in butane gas cartridges market include Suzhou Xingda, Taeyang Corporation, Zhejiang Jinyu, Maxsun, Gasmate, Marina Corporation, Aspire Industries, Onezone Gas, Ultracare Products, Coleman, Iwatani, Kampa, Balkan Gasovi, and GoSystem.