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Liquefied Petroleum Gas (LPG) Cylinder Market- Roadmap for Recovery from COVID-19 | Increasing Use of LPG in Many Applications to Boost the Market Growth | Technavio

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Technavio has been monitoring the liquefied petroleum gas (LPG) cylinder market and it is poised to grow by USD 407.60 million during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by type, which is the leading segment in the market?
  • The metal LPG cylinders segment is expected to be the leading segment in the global market during the forecast period.
  • What are the major trends in the market?
  • Rising subsidies offered by governments to promote LPG use is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 4%, the incremental growth of the market is anticipated to be USD 407.60 million.
  • Who are the top players in the market?
  • Aygaz AS, China Huanri Group Co. Ltd., Hebei baigong high-pressure vessel Co. Ltd., Hexagon Composites ASA, Mauria Udyog Ltd., Metal Mate Co. Ltd., Sahamitr Pressure Container Plc, The Supreme Industries Ltd., Time Technoplast Ltd., and Worthington Industries Inc. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Increasing use of LPG in many applications is one of the major factors driving the market. However, the availability of alternative fuels restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 56% of market growth.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Aygaz AS, China Huanri Group Co. Ltd., Hebei baigong high-pressure vessel Co. Ltd., Hexagon Composites ASA, Mauria Udyog Ltd., Metal Mate Co. Ltd., Sahamitr Pressure Container Plc, The Supreme Industries Ltd., Time Technoplast Ltd., and Worthington Industries Inc. are some of the major market participants. The increasing use of LPG in many applications will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Liquefied Petroleum Gas (LPG) Cylinder Market 2020-2024: Segmentation

Liquefied Petroleum Gas (LPG) Cylinder Market is segmented as below:

  • Type
    • Metal
    • Composite
  • Geography
    • APAC
    • North America
    • MEA
    • Europe
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44277

Liquefied Petroleum Gas (LPG) Cylinder Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The liquefied petroleum gas (LPG) cylinder market report covers the following areas:

  • Liquefied Petroleum Gas (LPG) Cylinder Market Size
  • Liquefied Petroleum Gas (LPG) Cylinder Market Trends
  • Liquefied Petroleum Gas (LPG) Cylinder Market Analysis

This study identifies rising subsidies offered by governments to promote LPG use as one of the prime reasons driving the liquefied petroleum gas (LPG) cylinder market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

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Liquefied Petroleum Gas (LPG) Cylinder Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist liquefied petroleum gas (LPG) cylinder market growth during the next five years
  • Estimation of the liquefied petroleum gas (LPG) cylinder market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the liquefied petroleum gas (LPG) cylinder market
  • Analysis of the markets competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of liquefied petroleum gas (LPG) cylinder market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five Force Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Metal – Market size and forecast 2019-2024
  • Composite – Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2019-2024
  • North America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Aygaz AS
  • China Huanri Group Co. Ltd.
  • Hebei baigong high-pressure vessel Co. Ltd.
  • Hexagon Composites ASA
  • Mauria Udyog Ltd.
  • Metal Mate Co. Ltd.
  • Sahamitr Pressure Container Plc
  • The Supreme Industries Ltd.
  • Time Technoplast Ltd.
  • Worthington Industries Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

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AIT Worldwide Logistics’ UK facilities earn priority customs clearance as Authorized Economic Operators

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Global transportation logistics leader earns international mark of supply chain security, quality

ITASCA, Ill., Oct. 29, 2020 /PRNewswire/ — The European Commission’s Taxation and Customs Union recently approved AIT’s three U.K. locations–Exeter, London and Manchester–as Authorized Economic Operators (AEOs), granting the facilities priority customs clearance treatment.

AIT's three United Kingdom locations—Exeter, London (pictured) and Manchester—have earned Authorized Economic Operator (AEO) accreditation from the European Commission’s Taxation and Customs Union
AIT’s three United Kingdom locations—Exeter, London (pictured) and Manchester—have earned Authorized Economic Operator (AEO) accreditation from the European Commission’s Taxation and Customs Union

"We’re proud to be able to spotlight our U.K. facilities’ dedication to excellence with this globally acknowledged endorsement and delighted to offer even speedier customs clearance services for our clients as a result," said AIT Executive Vice President Greg Weigel.

"With the potential of a hard Brexit, AIT’s AEO status in the United Kingdom will be a particularly helpful differentiator for our customers, providing them simplified and efficient customs processing and priority import handling," he added.

Available to financially stable, well-established businesses in the United Kingdom and European Union that are actively involved in customs operations and international trade, AEO accreditation is an internationally recognized mark of supply chain security and quality.

According to Weigel, AEO approval requires an extensive vetting process to demonstrate well-documented internal standards and compliance. Furthermore, AEO status lets customers know that their freight forwarder’s customs control procedures not only meet government requirements but consistently attain a high standard for cargo safety and security.

"We’re excited for our customers to benefit from faster cycle times and enhanced reliability through our U.K. locations to all points in Europe and around the globe," Weigel said. "This achievement is a direct result of the U.K. team’s commitment to living out AIT’s core values, especially high performance."

AIT’s Amsterdam location earned AEO status in 2017. For more information on the Authorized Economic Operators program, visit www.gov.uk.

About AIT Worldwide Logistics

AIT Worldwide Logistics helps companies grow by expanding access to markets all over the world where they can sell and procure their raw materials, components and finished goods. For more than 40 years, the Chicago-based transportation management leader has relied on a consultative approach to build a global network and trusted partnerships in nearly every industry, including aerospace, e-commerce, food, government, healthcare, life sciences and retail. Backed by scalable, user-friendly technology, AIT’s flexible business model delivers precisely tailored supply chain solutions for sea, air and ground freight—on time and on budget. With expert teammates at more than 60 worldwide locations in Asia, Europe and North America, AIT’s full-service options also include customs clearance, warehouse management and white glove services. Learn more at www.aitworldwide.com.

Our Mission

At AIT, we vigorously seek opportunities to earn our customers’ trust by delivering exceptional worldwide logistics solutions while passionately valuing our co-workers, partners and communities.

MEDIA CONTACT:

Matt Sanders
Senior Copywriter
630-766-8300 x5984
[email protected]

AIT Worldwide Logistics, Inc.
P.O. Box 66730
Chicago, IL 60666-0730
800-669-4AIT (4248)
www.aitworldwide.com

Photo – https://mma.prnasia.com/media2/1318673/uk_aeo.jpg?p=medium600 
Logo – https://mma.prnasia.com/media2/587945/AIT_Worldwide_Logistics_Logo.jpg?p=medium600

 

Related Links :

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Singaporean omnichannel e-tailer Iuiga to enhance user engagement and retention with Netcore Personalization

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– Iuiga is a leading direct-to-consumer Singapore homeware brand focusing on lifestyle products.

– Netcore to enable personalized omnichannel user experience across multiple channels and platforms for Iuiga

– Netcore’s AI-powered platform has already powered GoBear, Hermo, Sendo, Hnam, and Mapan

SINGAPORE, Oct. 29, 2020 /PRNewswire/ — Leading customer engagement and retention platform Netcore today announced the onboarding of one of South East Asia’s largest omnichannel e-tailer Iuiga to enable personalized user experience across platforms and channels.

Launched in 2017, IUIGA is known for its direct-to-consumer affordable, minimalist lifestyle products ranging from home and kitchen to apparels and electronics. Iuiga will leverage Netcore’s platform to enable a dynamically optimized, AI-powered personalized experience.

Jaslyn Chan, Founding Member and Chief Growth Officer, IUIGA: "We saw the Netcore platform and were impressed by the capabilities. Their deep expertise in the industry with some marquee names instilled us with the confidence we needed. I believe their proprietary AI-based personalization platform will be instrumental for the enhanced user experience and engagement we envision for our customers."

Netcore’s AI-powered platform has been the customer engagement and retention platform of choice for some of the biggest brands across the globe including GoBear, Hermo, Sendo, Hnam mobile, and Mapan (GoJek).

Kalpit Jain, Group CEO, Netcore Solutions said, "Iuiga is one of the most loved brands in SEA. It stands for quality and enhanced customer experience which resonated with the core philosophy of Netcore. Iuiga is redefining omnichannel retail in the region and we are excited to help drive the customer engagement fueled growth for them through dynamic and personalized experiences through our platform."

Logo – https://mma.prnasia.com/media2/1176346/Netcore_Solutions_Logo.jpg?p=medium600

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Delta Capita: Reinventing Data Sourcing for Chinese Entities – Karbon 8

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LONDON, Oct. 29, 2020 /PRNewswire/ — Now is the time to Reinvent. As we continue to navigate through the transformational changes taking place globally companies can take the opportunity to make positive, innovative changes to how business is being conducted today that will lead to long term benefits for both your teams and clients.

Karbon 8 is the latest proprietary technology solutions Delta Capita has brought to market, reinventing how we source and access KYC data for China entities. Learn more on how Delta Capita can partner and work with you in “reinventing” your value chain. Let’s Reinvent.
Karbon 8 is the latest proprietary technology solutions Delta Capita has brought to market, reinventing how we source and access KYC data for China entities. Learn more on how Delta Capita can partner and work with you in “reinventing” your value chain. Let’s Reinvent.

Karbon 8 is the latest proprietary technology solutions Delta Capita has brought to market, reinventing how we source and access KYC data for China entities. Launched earlier this year, Karbon 8 provides a comprehensive and real time data source for all Chinese client information.

Reinvention is about making improvements to something by looking at it in a different or a new way. At Delta Capita we work with our financial services clients to recognise the possibilities available for reinventing their existing operating models and how they can deliver it in a new way. Partnering with our clients, we work together to reinvent their value chain and consider the ways value is added along the chain, both to the products and services they offer, and what Delta Capita can perform on their behalf.

Through Karbon 8 clients can implement a cost-efficient operating model by automating and mutualizing the KYC data collection for Chinese entities. Karbon 8 aggregates and conducts initial analysis and comparisons of the sourced data in Chinese and then translates it into English as the final step, minimising the number of data discounting needed to be conducted. The data is sourced in real time, directly from the data sources in minutes, regardless of where the KYC analyst is located.

Delta Capita is a global provider of managed services, technology solutions and consulting. Delta Capita have a unique combination of experience in Financial Services and technology innovation capability, supported by an eco-system of proprietary technology solutions. Headquartered in London with offices around the world, Delta Capita work with the world’s top financial institutions to help them comply with regulations, simplify operations, reduce costs, and innovate their business models.

Learn more by visiting our website on how Delta Capita can partner and work with you in reinventing your value chain. Let’s Reinvent.

Media Enquiries: 
Leeya Hendricks 
CMO Delta Capita 
+44 (0)20 3890 4803 
[email protected]

Photo – https://mma.prnasia.com/media2/1322073/karbon_8.jpg?p=medium600
Logo – https://mma.prnasia.com/media2/1322074/Delta_Capita_Logo.jpg?p=medium600

 

Related Links :

https://deltacapita.com

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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