The demand within the global market for LPG gas cylinder has been rising on account of the use of these cylinders across the commercial, industrial, and residential sectors. A number of research organisations have testified the safety of LPG over other gases or mixtures. For this reason, LPG is one of the most commonly distributed gases across several regional pockets. The wide application portfolio of LPG gas cylinders has also played a key role in the growth of the global market in recent times. Several key investments are expected to flow into the global market for LPG gas cylinder in the years to come.
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Multiple End-Use Industries
The use of LPG gas cylinders in the automotive sector has been at the forefront of growth within the global market in recent times. The presence of a robust food industry has also played an underhanded role in the growth of the global LPG gas cylinder market. Cooking appliances are supported by LPG gas cylinders, and there is a high possibility of LPG-usage in the transportation industry as well. Therefore, the global market for LPG gas cylinder is projected to expand at a stellar rate in the years to come.
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Growth in Asia Pacific
The domestic industry in India has been a major user of LPG gas cylinders. This factor has impelled the cumulative demand for LPG gas cylinders in Asia Pacific in recent times. Furthermore, the use of these cylinders in the agricultural and calefaction sectors has also given an impetus to regional market growth.