Butane Gas Cartridges Market
REPORT DESCRIPTION
Butane Gas Cartridges Market( Applications- Medical, Pest Control and Fumigation, Stoves, Food and Beverages, Metal Working, and Plastic Industry)- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016- 2024
The Yang Corporation and Aspire Industries were two highly prominent names in the global butane gas cartridges market for 2015, thanks to their strong grasp over key regions in terms of supplying their demand. Both companies own a wide array of products in the global butane gas cartridges market and are showing promising rates of expansions across the globe.
In its recent research report, Transparency Market Research points to an intense competitive profile for the global butane gas cartridges market. The market is very favorable to new entrants due to the ease with which inexpensive raw materials are available, and the low capital required to set up. This will compound the competition within the global butane gas cartridges market, further boosted by the growing rivalry from substitutes to butane gas cartridges. The global butane gas cartridges market was valued at US $ 364.55 mn at the end of 2015. By the end of 2016, this market’ s revenue is expected to reach US $ 380.30 mn and is projected to reach US $ 555.24 mn by 2024, after expanding at a CAGR of 4.73 % from 2016 to 2024.
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Gas Cartridges Winning Demand amid Need for Portable Fuel Storage Units“ The global stockpile of energy can potentially be used up faster than it can be generated. Industries are still highly dependent on conventional fuels and as a result, energy security becomes a paramount issue. The global butane gas cartridges market is currently in a position where it can provide an economical answer to the problem, thereby gaining a high volume of demand. Both industrial clients as well as individual consumers are ramping up their demand for gas capsules as they rank better in portability to other fuel transportation options. This is especially beneficial for
Transparency Market Research
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