Global Butane Gas Cartridges Market To Reach $0.68 Billion By 2028 With A Growth Rate Of 6.3%
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The butane gas cartridges market has seen robust growth in recent years, expected to rise from $0.5 billion in 2023 to $0.53 billion in 2024, with a compound annual growth rate (CAGR) of 6.1%. This growth can be attributed to several factors, including the growing popularity of outdoor recreational activities, a rising demand for portable and user-friendly fuel sources for cooking and heating, increased urbanization leading to a need for convenient portable energy solutions, the emergence of small, compact gas-powered appliances, and a higher number of foodservice businesses utilizing portable stoves.
What Is the Projected Market Size of the Global Butane Gas Cartridges Market and Its Growth Rate?
The butane gas cartridges market is anticipated to experience robust growth, projected to reach $0.68 billion by 2028, with a compound annual growth rate (CAGR) of 6.3%. This growth is driven by increasing demand for eco-friendly and recyclable materials for butane gas cartridges, expansion in the global e-commerce market for online sales and distribution, the use of butane gas cartridges for emergency preparedness and disaster relief, growing applications in the industrial and construction sectors, and a rising demand for convenient and energy-efficient solutions. Key trends expected during the forecast period include the integration of butane gas cartridges into portable power generators, the incorporation of safety features such as pressure relief valves and leak protection, advancements in cartridge design and manufacturing, increased miniaturization and portability, and the use of sustainable and recyclable materials.
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What are the Key Drivers Fueling Growth in the Butane Gas Cartridges Market?
The rising population density in urban areas worldwide is driving the growth of the butane gas cartridges market. These cartridges are utilized to store butane gas or a blend of butane and propane. Liquefied petroleum gas (LPG), which consists of both butane and propane, is commonly used for cooking, and increased population density typically leads to higher LPG consumption.
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Who Are the Key Players Driving Growth in the Butane Gas Cartridges Market?
Key players in the market include Taeyang Corporation, Ultracare Products, The Coleman Company Inc., Aspire Industries Inc., Marina Corporation, Kampa Limited, Zhejiang Jinyu Co. Ltd., Balkan Gasovi, Iwatani Corporation, Gasmate, Do-Well Aerosols, Kovea Co. Ltd., Seo Young Corporation, Praxair Inc., Maxsun Co. Ltd., Gabsan Development Co. Ltd., Junko Co. Ltd., Ozturk Ilac San. Ve Tic. A.S., CS Global Partners Limited, Den Hartogh Global BV, Airgas Inc., Middlesex Gases & Technologies Inc.
What Are The Emerging Trends Shaping The Growth Of The Butane Gas Cartridges Market?
Strategic collaborations are emerging as a significant trend in the butane gas cartridges industry. Leading companies in this sector are concentrating on forming partnerships and alliances to enhance their competitive standing.
What Are the Segments of the Global Butane Gas Cartridges Market?
1) By Type: Below 220g/Unit, 220-250 g/Unit, Above 250 g/Unit
2) By Application: Medical, Stoves, Commercial, Other Applications
3) By End User: Pharmaceutical And Biotechnological Companies, Chemical And Petrochemical Companies, Food And Beverage Companies, Other End Users
Geographic Overview: Asia-Pacific at the Helm of the Butane Gas Cartridges Market
Asia-Pacific was the largest region in the butane gas cartridges market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market share. The regions covered in the butane gas cartridges report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
How Is The Butane Gas Cartridges Market Defined?
The butane gas cartridges market includes the sales of cartridges containing liquefied butane gas mixed with a small amount of propane, sold by various entities such as organizations, sole traders, and partnerships. These cartridges are typically made of metal for improved storage and are primarily used for activities like camping and picnicking, sealing poly bags, metalworking, pest control, and fumigation.
The Butane Gas Cartridges Global Market Report 2024 from The Business Research Company includes the following key information:
• Market size data for both historical and future periods
• Analysis of both macro and microeconomic factors that have impacted the market over the past five years
• Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa
• Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Overview of the Global Butane Gas Cartridges Market Report: Trends, Opportunities, Strategies, and More
The Butane Gas Cartridges Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into the butane gas cartridges market size, butane gas cartridges market drivers and trends, butane gas cartridges global market major players, butane gas cartridges competitors' revenues, butane gas cartridges global market positioning, and butane gas cartridges market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential.
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