TMR_Research_Reports_2017 Butane Gas Cartridges Industry By 2024 | Page 2

Butane Gas Cartridges Market
REPORT DESCRIPTION
Butane Gas Cartridges Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 – 2024
Aspire Industries and Tae Yang Corporation were the leading names in the global butane gas
cartridges market in 2015, Transparency Market Research (TMR) says in a recent market study.
The strong product portfolio of both these companies is playing a crucial role in serving the demand
of key regions thus having a strong grasp over these regions. Nevertheless, these companies are
showing promising growth across the globe.
Despite an intensive competitive profile of the global market for butane gas cartridges, the market is
favorable for entry of new entrants. This is due to easy availability of inexpensive raw materials and
low capital required for entry into this market. Consequently, this will compound the degree of
competition within the market, which will be further boosted by the rising rivalry from substitutes for
butane gas cartridges.
The global market for butane gas cartridges stood at US$364.55 mn in 2015. Expanding at a CAGR
of 4.73% between 2016 and 2024, the market is expected to reach a valuation of US$555.24 mn by
the end of 2024.
Browse Market Research Report @ http://www.transparencymarketresearch.com/butane-
gas-cartridges-market.html
Demand for Butane Gas Stoves to Remain High
The application segments of the global butane gas cartridges market are medical, stoves, pest control
and food and beverage, fumigation, and others. The butane gas stoves segment held the leading
share accounting for more than 50% of the revenue of the market in 2015. This is mainly due to
extensive use of butane gas stoves due to its portability for camping and outdoor use.
The food and beverages industry is a major end-user of butane gas cartridges as they are used as a
fuel for blow torches for meat and fish processing. The increasing demand for convenience foods is
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Transparency Market Research