The liquefied petroleum gas (LPG) cylinder market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth increased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
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Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Liquefied Petroleum Gas (LPG) Cylinder Market Participants:
Aygaz AS
Aygaz AS operates its business through segments such as Gas and petroleum products, Electricity, and Other operations. The company offers a wide range of small cylinders and household gas cylinders.
China Huanri Group Co. Ltd.
China Huanri Group Co. Ltd. operates its business through segments such as Plumbing Valve, Plumbing Fitting, Cylinder, Tank, and Gas valve & Accessories. The company offers a range of LPG cylinders such as HR40001 14LB, HR40002 20LB, HR40003 30LB, and HR40004-1.
Hebei baigong high-pressure vessel Co. Ltd.
Hebei baigong high-pressure vessel Co. Ltd. operates its business through the Unified segment. The company offers ISO11120 Cylinder series that comply with the international standard of ISO11120.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/liquefied-petroleum-gas-cylinder-market-size-industry-analysis
Liquefied Petroleum Gas (LPG) Cylinder Market 2021-2025: Segmentation
Liquefied petroleum gas (LPG) cylinder market is segmented as below:
- Type
- Geography
- APAC
- North America
- MEA
- Europe
- South America
The liquefied petroleum gas (LPG) cylinder market is driven by the increasing use of LPG in many applications. In addition, other factors such as rising subsidies offered by governments to promote LPG use are expected to trigger the liquefied petroleum gas (LPG) cylinder market toward witnessing a CAGR of over 5% during the forecast period.
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