ALBANY, N.Y., Oct. 1, 2020
- Butane gas cartridges gather traction as portable energy storage systems in food and beverages industry, and the end-use segment accounted for more than 20% market share in 2018
- Worldwide, production and supply of butane gas cartridges high in Asia Pacific countries, making it the leading regional market
ALBANY, N.Y., Oct. 1, 2020 /PRNewswire/ -- The safety of butane gas cartridges has made it as a prominent type of portable energy systems in diverse range of applications such as in camping and picnic, metalworking, sealing polybags, and pest control and fumigation. The demand for gas stoves has been proliferating in camping and picnic applications in recent times.
Growing popularity of portable fuel storage solutions has spurred the prospects in the butane gas cartridges market. Small traders and distributors are expected to form key touch points for individual customers.
The global butane gas cartridges market was pegged at ~US$ 400 Mn in 2018 and is projected to clock a CAGR of more than 4% during the forecast period of 2019 – 2027.
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Key Findings of Butane Gas Cartridges Market Report
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Butane Gas Cartridges Market: Key Driving Factors and Promising Avenues
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Butane Gas Cartridges Market: Regional Landscape
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Key Impediments to Butane Gas Cartridges Market Stakeholders
Fluctuations in prices of crude oil and natural gas have markedly affected the production of butane gas, hence impeding the demand for butane gas cartridges. The prices are expected to see rise, which might shape the prospects adversely. Companies are also lax about regulatory norms they need to adhere to. This has raised significant safety concerns. For instance, this has led to numerous accidents such as in Australia, attractive negative criticisms.
Nevertheless, a steady demand will nudge several manufacturers to give due caution to the regulatory compliance of these power options.
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The Butane Gas Cartridges Market can be segmented as follows:
Butane Gas Cartridges Market: Application
Butane Gas Cartridges Market: Regional Analysis
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