Use of Portable Stoves with Integrated Butane Gas Cartridges Spur Sales in Butane Gas Cartridges Market, Valuation to Expand at CAGR of ~4% from 2019 to 2027

Use of Portable Stoves with Integrated Butane Gas Cartridges Spur Sales in Butane Gas Cartridges Market, Valuation to Expand at CAGR of ~4% from 2019 to 2027

PR Newswire

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.

Transparency_Market_Research_Logo

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. 

Request for Covid-19 Impact Analysis on Butane Gas Cartridges Market: https://www.transparencymarketresearch.com/sample/sample.php

Key Findings of Butane Gas Cartridges Market Report

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php

Butane Gas Cartridges Market: Key Driving Factors and Promising Avenues

 

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/17957

Butane Gas Cartridges Market: Regional Landscape

Purchase Premium Research Report on Butane Gas Cartridges Market @ https://www.transparencymarketresearch.com/checkout.php

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.

Browse More Press Releases: https://www.transparencymarketresearch.com/press-releases.htm

The Butane Gas Cartridges Market can be segmented as follows:

Butane Gas Cartridges Market: Application

Butane Gas Cartridges Market: Regional Analysis

Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,

2,3-Butanediol Market - In terms of value, the global 2,3-Butanediol market is anticipated to expand at a CAGR of 3.5% from 2020 to 2030. The rise in demand for rubbers such as styrene–butadiene rubber, styrene–butadiene latex, nitrile rubber, and chloroprene rubber in the tire industry is expected to drive the global 2,3-Butanediol market, as 2,3-Butanediol is converted into 1,3-Butadiene that is extensively employed in the manufacture of different kinds of rubbers. 2,3-Butanediol acts as a precursor to methyl ethyl ketone (also known as MEK or 2-butanone). The demand for 2,3-Butanediol is estimated to rise significantly in this area of application during the forecast period. The demand for products with natural origin has been rising across the globe. Products manufactured through fermentation and biorefinery processes are replacing synthetic and petrochemical products. 2,3-Butanediol (2,3-BD) is a promising bulk chemical with potentially wide range of applications.

Succinic Acid Market - In terms of value, the global succinic acid market is anticipated to expand at a CAGR of ~7% from 2019 to 2027. Succinic acid is widely used in various industries such as pharmaceuticals, chemical, and food. Currently, major proportion of succinic acid is derived from petroleum feedstock Increase in construction and infrastructure development activity is expected to trigger the demand for resin, coating, and polyurethanes, which in turn is expected to drive the growth of the market. High cost of production associated with the petroleum-based process is the major challenge facing the succinic acid market. However, the cost of production is expected to decline with the advent of bio-derived succinic acid. This is expected to propel the demand for succinic acid across the globe. Bio-based succinic acid is gaining popularity due to high degree of government intervention to reduce industrial waste and air pollutants

Formaldehyde Market - The global formaldehyde market was valued at ~US$ 8.6 Bn in 2018 and is anticipated to expand at a CAGR of ~3% from 2019 to 2027. Use of formaldehyde in the production of resins is growing; these formaldehyde based resins find applications in a wide range of activities.

Bio-based Succinic Acid Market - With a large and constantly increasing manufacturer pool, the global bio-based succinic acid market is demonstrating a highly competitive business landscape. According to a new report by Transparency Market Research (TMR), the leading players in this market, including Koninklijke DSM N.V, Myriant Corp., Roquette Frères S.A., Corbion N.V, BASF SE, and BioAmber Inc., are focusing on finding new approaches to increase their production scale. From adopting advanced technologies with low ecological footprints to actively pursuing bio-based methods succinic acid production, manufacturers are leaving no stones unturned to remain in the competition. Moreover, they are also taking up various organic and inorganic marketing strategies to enhance their visibility in the global market, states the report.

Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

 

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Press
Release Source: https://www.transparencymarketresearch.com/pressrelease/butane-gas-cartridges-market.htm 
Website: http://www.transparencymarketresearch.com

Logo : https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg

Voltar noticias em Inglês