Butane Gas Cartridges Market Size, Share, Growth, and Industry Analysis by Type (Below 220g/Unit, 220-250 g/Unit, Above 250 g/Unit), by Application (Medical, Stoves, Food & Beverage, Commercial, Others), and Regional Insights and Forecast to 2031

Updated On: 17 June 2024

BUTANE GAS CATRIDGES MARKET REPORT OVERVIEW

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The global butane gas cartridges market size was USD 480.4 million in 2019 and will touch USD 608.7 million by 2026, exhibiting a CAGR of 3.4% during the forecast period.

Butane gas cartridge is one of the most efficient ways of storing fuel. Gas cartridges generally comprise a mixture of propane and butane contained under high pressures. Gas cartridges are generally made of metal for better storage functions.  Due to their simplicity of use and compatibility with a wide range of devices, threaded gas cartridges are more often used by customers. These cartridges are also commonly utilised in industrial processes including brazing, welding, and soldering.

Demand for these cartridges is also being driven by increasing use of butane gas in industrial processes such as soldering, welding, and brazing. Butane gas has a high energy density, making it the perfect fuel for these applications since it produces a lot of heat and is simple to control. Manufacturers are concentrating on creating green energy-based butane gas cartridges that are effective and lower greenhouse gas emissions. Demand for eco-friendly substitutes is being driven by rising concern over environmental contamination brought on by use of conventional fuel storage options, such as petroleum-based fuels. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

BUTANE GAS CATRIDGES MARKET SEGMENTATION

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By Type Analysis

According to type, the market can be segmented into below 220g/unit, 220-250 g/unit, above 250 g/unit

Below 220g/Unit will capture the maximum market share through forecast period.  

• Below 220g/Unit: These cartridges are typically used in lightweight, portable applications where minimal fuel is required. They are popular among backpackers, hikers, and for emergency kits due to their compact size and ease of transport.

• 220-250 g/Unit: It is common for general-purpose use, including in portable stoves for camping, small heaters, and some commercial applications where a balance between capacity and portability is needed.

• Above 250 g/Unit: Hydraulic rower- Larger cartridges are suited for applications requiring longer use times between replacements. They are often used in commercial settings, such as in food and beverage operations with portable cooking equipment, or in larger heaters and lanterns for extended use.

By Application Analysis

According to application, the market can be segmented into medical, stoves, food & beverage, commercial, others

Butane gas cartridges market players cover segment as medical will dominate the market share during forecast period.

• Medical: In medical applications, butane gas cartridges might be used for sterilization equipment, portable medical instruments, or in emergency medical kits for field use. The demand in this segment is driven by the need for reliable, portable energy sources in healthcare settings, especially in remote or temporary locations.

• Stoves: The convenience of butane stoves for outdoor and portable cooking solutions drives demand in this segment.

• Food & beverage: Butane cartridges are used in culinary torches for food finishing, such as caramelizing sugars, browning meringues, and melting cheese. The growth in gourmet cooking and the hospitality industry supports demand in this segment.

• Commercial: It includes use in commercial heaters, construction and craft tools, and in agriculture for flame weeding. The versatility of butane gas cartridges supports varied commercial applications.

• Others: This segment encompasses all other applications not specifically mentioned, such as in lighting, recreational use, and any innovative uses that emerge as technology and market needs evolve.

DRIVING FACTORS

"Increasing Demand for Portable Fuel Sources To Boost The Market Growth"

The convenience of butane gas cartridges for outdoor activities, such as camping and hiking, and their use in portable stoves and heaters, drives market growth. Focusing more on tourism activities which have enhanced the demand for butane gas cartridges as a portable energy storage device

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the butane gas cartridges market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices. Advances in product design, safety features, and efficiency of butane gas cartridges can also serve as a market driver, appealing to a broader range of consumers and applications.

RESTRAINING FACTOR

"Environmental impact To Hamper The Market Growth"

The environmental impact of using butane as a fuel source, including concerns about greenhouse gas emissions and the disposal of used cartridges, can restrain market growth, particularly in regions with strict environmental regulations. Technical difficulties will reduce the industry revenue.

BUTANE GAS CATRIDGES MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Region Due To Expanding population"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa. 

Asia Pacific is further expected to witness growth in the butane gas cartridges market share. The region is dominating the market due to the expanding population and need for energy storage systems. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Taeyang (South Korea)
• Maxsun (South Korea)
• Onezone Gas (UAE)
• Coleman (U.S.)
• Iwatani (Japan)

INDUSTRIAL DEVELOPMENT

November 2020:  Iwatani and Toyota Motor shook hands to introduce new products and strengthen their market position.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.