A gas cartridge helps in efficiently storing fuel. Gas cartridges are made of metals and usually consist of a mixture of two liquid petroleum gases-butane and propane-stored under high pressure. Key advantages of gas cartridges include their portability along with their ability to control and monitor the ignition flame as desired. These characteristics enable the end users to adhere to various external safety concerns related to the use of gas cartridge. Usually, liquid fuels have been preferred as the storage fuel in gas cartridges.
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The rapidly rising demand for portable fuel storage solutions across the globe has led to an increased demand for gas cartridges. Constant technological advancements in gas cartridge technology are expected to boost the market in major regions. The report on global gas cartridges market provides an in-depth analysis of the current market scenario, key dynamics, emerging trends, industry value chain, offerings of major manufacturers, technological advancements, and competitive landscape. The research offers insight into market size of leading application segments across various region and analyzes the factors influencing the demand for these segments for different end users.
The study provides market shares of different product types and evaluates the impact of key growth drivers in major regions. The report is prepared with the aid of reliable inputs from various industry players, thought leaders, business executives, and strategists and include valuable findings from a range of primary and secondary researches.
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We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
Key Highlights:In terms of value, the global butane gas cartridges market was stood around US$ 400 Mn in 2018 and is anticipated to expand at a CAGR of more than 4% from 2019 to 2027Stoves application accounted for largest share of the butane gas cartridges market in terms of value with more than 35.0% share in 2018 followed by food & beverages.Growing demand for portable energy storage systems such as butane gas stoves for outdoor activities such as picnic, camping, and others have boosted the sales of butane gas cartridges, globallyBased on region, Asia Pacific held a major share in 2018 and is expected to remain dominant region during the forecast period.
Increase in demand for portable energy storage systems in countries such as China and India propels the demand for butane gas cartridgesAfter Asia Pacific, North America is the major region which accounted for more than 20% of the butane gas cartridges in 2018.It is expected to exhibit moderate growth rate during the forecast periodSmall traders and distributors are actively selling integrated butane gas cartridges stoves to individual customers.
Around 30-35% butane gas cartridges is sold through e-stores and rest is sold directly through wholesalers and retailersRequest A Sample- https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=17957Volatility in Crude Oil Price and Risk Associated With Bursting of Gas Cartridges May Hamper Overall Demand of Butane Gas Cartridges The raw material for production of butane gas are crude oil and natural gas.
The compressed gas is then filled into cartridges or canisters and is sold to specific customers.Crude oil and natural gas are traded in the global market.
More than 100 companies are engaged in the distribution and production of butane gas cartridges.
Some of these companies do not comply with acceptable standards, which leads to major fire hazards resulting in loss of property and/or life.
The report "Fuel Additives Market by Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel) - Global Forecast to 2026", The fuel additives market is projected to reach USD 7.1 billion by 2026, at a CAGR of 3.4% from USD 6.0 billion in 2021.
These additives help fuels in meeting emission control standards and improve engine or vehicle performance.
These can be categorized into ten types- deposit control additives, cetane improvers, lubricity improvers, cold flow improvers, stability improvers, octane improvers, corrosion inhibitors, anti-icing fuel additives, dyes & markers and others.
Factors such as stringent governmental regulations and increase in automotive production in emerging economies will drive the fuel additives market.
Gasoline consumption is expected to increase worldwide and, subsequently, the consumption of fuel additive is expected to increase to meet the stringent environmental norms, especially in North America.
The North American market is highly regulated with the Environment Protection Agency (EPA) playing a key role in the monitoring and commercialization of fuel additives products.The key market players profiled in the report include Afton Chemical Corporation (US), The Lubrizol Corporation (US), Innospec Inc. (US), BASF SE (Germany), Evonik Industries AG (Germany), LANXESS AG, Chevron Oronite Company LLC (US), Dorf Ketal Chemicals (US), Infineum International Limited (UK), Cummins Inc.(US), Total SA (France), Baker Hughes (US), Clariant AG(Switzerland), Croda International PLC (UK), ENI SPA (Italy), Chempoint Solutions Company (US), Solvay S.A.(Belgium), Huntsman Corporation(US), The Dow Chemical Corporation (US), Eastman Chemical Corporation (US), Petroleum Logistics(US), Iftex Oil & Chemicals Ltd.(India), Eastern Petroleum(India), Lucas Oil Products Inc.(US) and Lubricant Engineers (US).
