Global Butane Gas Cartridges Market Trends And Strategies Of Major Players In The Butane Gas Cartridges Market 2021-2030

5 Oct, 2021

The butane gas cartridges market consists of sales of butane gas cartridges by entities (organizations, sole traders, and partnerships) that contain liquified butane gas mixed with a much smaller amount of propane. These are manufactured using metal for better storage function and are most commonly used for camping and picnics, sealing poly bags, metalworking, pest control, and fumigation.

Global Butane Gas Cartridges Market Size And Drivers:

The global butane gas cartridges market is expected to grow from $402.67 million in 2020 to $431.99 million in 2021 at a compound annual growth rate (CAGR) of 7.3%. The growth in the butane gas cartridges market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The butane gas cartridges market is expected to reach $535.97 million in 2025 at a CAGR of 5.5%. The increase in population density in urban areas across the globe is contributing to the growth of the butane gas cartridges market.

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Trends In The Global Butane Gas Cartridges Market

Strategic collaborations are a key trend gaining popularity in the butane gas cartridges market. Major companies operating in the butane gas cartridges sector are focused on strategic collaborations and partnerships to strengthen their position. For instance, in November 2019, ITM Power, a UK-based company that manufactures integrated hydrogen energy solutions collaborated with Iwatani Corporation, a Japan-based industrial gases company that offers butane gas cartridges, for the integration of multi-MW electrolyzer-based hydrogen energy systems in North America. Furthermore, in November 2020, Iwatani Corporation collaborated with Toyota, a Japan-based automotive manufacturer to bring seven new hydrogen refueling stations to Southern California.

Global Butane Gas Cartridges Market Segments:
The global butane gas cartridges market is further segmented –
By Type: Below 220g/Unit, 220-250 g/Unit, Above 250 g/Unit
By Application: Medical, Stoves, Commercial, Others
By End User: Pharmaceutical And Biotechnological Companies, Chemical And Petrochemical Companies, Food And Beverage Companies, Others
By Geography: The global butane gas cartridges market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific butane gas cartridges market accounts for the largest share in the global butane gas cartridges market.

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Butane Gas Cartridges Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides butane gas cartridges market overviews, analyzes and forecasts market size and growth for the global butane gas cartridges market, butane gas cartridges market share, butane gas cartridges market players, butane gas cartridges market segments and geographies, butane gas cartridges market’s leading competitors’ revenues, profiles and market shares. The butane gas cartridges market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.