Europe composite LPG cylinder market is anticipated
to grow at a steady pace in the forecast period,
2024-2028. Increased demand for
transportation storage containers for liquid petroleum gas (LPG) and compressed
natural gas (CNG) is anticipated to fuel the expansion of the composite
cylinder market. Additionally, a variety of end-use industries, including
transportation, aerospace & defense, wind energy, and construction &
infrastructure, are increasingly adopting composite cylinders.
A composite cylinder has
three layers: an inner liner made of blow-molded HDPE; a composite layer
composed of polymer-wrapped fiber glass; and an outside jacket made of HDPE.
Compared to the current
steel cylinders, these modern composite cylinders provide several benefits. They
are lightweight as a composite cylinder's tare weight is half that of a steel
cylinder. They have a translucent body that makes it easier for users to
precisely measure the LPG level in relation to light. Customers will be able to
quickly plan their next refill using this. They don't corrode and don't rust as
the likelihood of leaving stains and markings on surfaces is decreased. They
are artistically pleasing and perfect for today's modern kitchens because of
their beautiful design.
Rise
in the Usage of Composite LPG Cylinders for Various Application
A fuel that burns cleanly, is sustainable, and is effective, is
liquefied petroleum gas (LPG). It is a clean, efficient, low-carbon, and
cutting-edge energy source. It offers customers benefits. Environmental and
industrial issues Since most of the energy in LPG is converted to heat, it is
less expensive than other conventional fuels and can be used for a variety of
purposes, including transportation, storage, and auto gas.
LPG is normally stored under
pressure, which changes it from a gas to a liquid. The simplicity of
transporting LPG over other energy sources is one of its main benefits. It
contains no sulphur and has a superior heating value. Compared to other forms
of energy, LPG is more dependable because it burns frequently. Compared to
other energy sources, LPG has a better environmental impact. All energy sources
produce carbon dioxide, but when compared to oil, LPG emits just 81% of what
oil does. LPG emits only 70% of the carbon dioxide emitted by coal, another
energy source.
Innovative Cylinders and Technological
Advancements
To meet shifting consumer needs,
petrol cylinder manufacturers are constantly enhancing their cylinder bundles.
Increased pressures, digital displays, and newly designed guards and valves
make it possible to transfer more gas, intelligent cylinders, and simpler loads
without sacrificing safety. The need for safe, controlled gas cylinders is
growing as the transfer of highly valuable gases becomes increasingly
important. Compression techniques for volatile and nonreactive gases have
improved, which has an impact on gas cylinder manufacturing. The handling and
storage capacities of gas cylinders have been improved through increased safety
and cutting-edge cylinder designs.
The market for composite LPG cylinders
anticipated to increase because of the rise in cylinder innovation and
technical advancements.
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Strained Supply Chain System
Every industry in the world is experiencing
enormous challenges because of the global supply chain crisis. The outbreak of
COVID-19 and Europe's response to it have caused a shipping issue. Sea freight
costs are at an all-time high, demand is outpacing supply, and container
capacity is severely constrained. Unfortunately, there is no simple solution,
and it seems that in the first half of 2022, there will still be high shipping
costs, longer lead times, and capacity bottlenecks. Businesses involved in
shipping anticipated that things would start to turn around in the second half
of the year.
Another barrier to the supply chain in Europe
was the significant raw materials required to make petrol cylinders. The
outbreak has significantly disrupted mining and industry around the world,
leading to a shortage of aluminum in Europe. As a result, carbon fiber prices
have reached record highs, aluminum prices have doubled, and cylinder
manufacturers are unable to increase production capacity by acquiring enough aluminum.
Unintended repercussions of the Russian invasion of Ukraine include rising
petrol costs and flights being redirected to avoid Russian airspace. This can
be resolved by storing adequate number of gases and all the other things in
times of war and pandemics, so as to avoid chaos.
Properties of LPG Cylinders
The cylinder is made strong by composite
reinforcing. LPG composite cylinders are employed in a variety of settings,
including as houses, boats, forklifts, resorts, hotels, mobile homes, caravans,
and other similar structures. Brass inserts usually welded to an HDPE boss that
was injection-molded or incorporated during the molding process, is used to
mount the cylinder. Glass fibres wound with epoxy resin-impregnated resin serve
as reinforcement. This layer can endure the pressure of LPG and has an incredibly
high strength-to-weight ratio. A HDPE outer casing will increase the strength
even more. In addition to offering protection, this has an ergonomic grip and
is built to stack.
Conventional steel cylinders are heavier,
more prone to corrosion, don't indicate the gas level, and are not protected
from fire-related explosions. Contrarily, LPG composite cylinders are
transparent, rustproof, lightweight, and non-explosive. LPG is the most
frequently utilized fuel for cooking. Composite LPG cylinders are lighter and
less expensive to carry due to their lighter weight. Steel LPG cylinders weigh
around twice as much as composite LPG cylinders for the same amount of LPG.
Government initiatives in India, Indonesia, China, and Africa are pushing the
use of LPG as a clean cooking fuel as well as a transportation fuel in response
to our customers' desires. This is a result of the worldwide effort to reduce
carbon emissions. The maximum pressure that a cylinder can withstand as a
safety measure is known as the burst pressure, which is 2.4 times the test
pressure.
Composite cylinders cannot explode, in
contrast to steel cylinders. They are made from a fiberglass-bound composite
layer that may burn in a fire without fear of causing an explosion and a
non-metallic gas-tight lining. After consuming the flames for a few minutes,
the exterior casing begins to melt, and LPG leaks out through the cylinder wall
from a separate spot, lowering internal pressure and only causing localized
burning. All end users and all industries, especially gas companies, now have a
safer option.
Recent Development
- In March 2021, Luxfer Gas
Cylinders purchases Structural Composites Industries, a producer of
composite cylinders. The acquisition expanded Luxfer's portfolio in the
aerospace, life support, and other areas while strengthening its composite
cylinder offering and aligning with recent investments to further improve its alternative
fuels capacity to address the CNG and Hydrogen market development
possibilities.
Market Segmentation
The
Europe composite LPG cylinder market is segmented based on product, size,
application, and country. Based on product, the market can be segmented into
type III and type IV. Based on size, the
market is divided into 0 to 5 Kg, 6 to 10 Kg, and 11 Kg & above. Based on application,
the market is divided into kitchen & domestic use, transportation,
recreational use, and others. Based on country, the market is fragmented into
Germany, United Kingdom, France, Italy, Spain, and rest of Europe.
Market Players
Some
of the major market players in the Europe composite LPG cylinder market are Hexagon Composites, Aburi Composites, Amtrol-Alfa,
Time Technoplast Ltd., Metal Mate, ALAMAN Gas Cylinders, Worthington
Industries, Maurya Udyog Limited, Sahamitr Pressure Container, and Metal Mate
Co., Ltd.
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Attribute
|
Details
|
|
Base Year
|
2022
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|
Historic Data
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2018 –
2022
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|
Estimated Year
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2024
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Forecast Period
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2024
– 2028
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|
Quantitative Units
|
Revenue in USD Million and CAGR for 2018-2022 and 2024-2028
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|
Report Coverage
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Revenue
forecast, company share, growth factors, and trends
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|
Segments Covered
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Product
Size
Application
Country
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Regional Scope
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Germany, United Kingdom, France, Italy, Spain, Rest of Europe
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|
Key Companies Profiled
|
Hexagon Composites, Aburi Composites, Amtrol-Alfa, Time
Technoplast Ltd., Metal Mate, ALAMAN Gas Cylinders, Worthington Industries,
Maurya Udyog Limited, Sahamitr Pressure Container, Metal Mate Co., Ltd.
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|
Customization Scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
|
Report Scope:
In this report, the Europe
composite LPG cylinder market has been segmented into following
categories, in addition to the industry trends which have also been detailed
below:
·
Europe Composite LPG Cylinder Market, By Product:
o Type III
o Type IV
·
Europe Composite LPG Cylinder Market, By Size:
o 0 to 5 Kg
o 6 to 10 Kg
o 11 Kg & Above
·
Europe Composite LPG Cylinder Market, By Application:
o Kitchen & Domestic Use
o Transportation
o Recreational Use
o Others
·
Europe Composite LPG Cylinder Market, By Country:
o Germany
o United Kingdom
o France
o Italy
o Spain
o Rest of Europe
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present in the Europe composite LPG
cylinder market.
Available Customizations:
Europe composite LPG cylinder market report with the given market data,
Tech Sci Research offers customizations according to a company's specific
needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Europe composite LPG cylinder market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]