Butane Gas Cartridges Market to Reach US$555.24 mn by 2024 | Page 3

Butane Gas Cartridges Market
individuals as it allows for the use of butane gas in rural or remote locations as well ,” states a TMR analyst .
The global butane gas cartridges market is also being driven by the greater efficiency of butane gas when compared to other liquid fuels that can be stored in capsules . Butane gas cartridges are much lighter in weight and provide a great fuel efficiency for their stored volume .
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Shaky Crude Prices and Safety Issues Mar Butane Gas Cartridges Demand One of the key restraints acting on the global butane gas cartridges market currently , is the volatility of crude oil supply and pricing . The global market for crude oil and natural gas has been in a shay state over the past decade owing to several issues such as the depletion of key stockpiles and the growing pressure on production by the extremely high consumption rate of fuel by all economies . If the current trend continues , so will the volatility in prices of butane gas cartridges across the world . Another issue with butane gas cartridges is their relatively lower level of safety in comparison to other fuel storage units . They can be sources of fire hazards if misused and are the cause of multiple home or office fires annually . Manufacturers are quick to respond to these safety flaws and add increasingly efficient safety mechanisms on the cartridges .
“ A lot of manufacturers in the global butane gas cartridges market are taking one step backwards to cope with losses in the event of extreme pricing pressure . They are beginning to integrate the production of aerosol cans in order to tap their growing demand , thereby creating additional opportunities in a time where demand for butane cartridges is fickle ,” adds the analyst .
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Transparency Market Research
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