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The liquefied petroleum gas cylinder market size is forecast to increase by USD 654.4 billion at a CAGR of 6.11% between 2023 and 2028. The liquefied petroleum gas (LPG) cylinder market is experiencing significant growth due to the increasing utilization of LPG in various sectors. In the industrial sector, LPG's clean-burning properties make it an attractive alternative to traditional fuels for applications such as metalworking, glass production, and thermal desiccation. In the residential sectors, LPG is gaining popularity as a fuel source for heating and cooking, particularly in areas without access to natural gas. The market is also witnessing a trend towards the adoption of composite LPG cylinders, which offer increased safety and durability. However, the availability of alternate fuels, such as natural gas and electricity, poses a challenge to the market growth. The Internet of Things (IoT) is transforming the LPG industry by enabling remote monitoring and control of gas valves and business models are evolving to meet the changing market demands. LPG is widely used in the agricultural sector for poultry breeding and in various industries such as refinery fuel, forklifts, and aluminum dye-casting. Its clean-burning properties and hot flame make it an ideal fuel for numerous applications. Despite the challenges, the market is expected to continue growing due to the versatility and benefits of LPG.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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