Gas Cylinder Market By Product(Steel Cylinders, Composite Cylinders, Others), By Wrap Rype(HDPE, Glass Fiber), By Gas Type(Inert Gases, Flammable Gases, Toxic Gases), By Application(Kitchen and Domestic, Processing Industries, Medical), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2023-2032

Gas Cylinder Market Size, Share, Trends Analysis

The gas cylinder market was valued at USD 8.9 Billion in 2022. It is expected to reach USD 18.7 Billion in 2032, with a projected CAGR of 7.9% during the forecast period from 2023 to 2032.

The surge in demand in various sectors such as the healthcare industry and the rise in the usage of combustion engines in vehicles are some of the main driving factors in the growth of the gas cylinders market. Gas cylinders are frequently used in the healthcare industry for therapeutic and diagnosis Medical Purposes. Medical oxygen gas cylinders are commonly used for homecare purposes and it is used for elderly patients who are unable to move and require a constant oxygen supply.

Medical gas cylinders play an important role in delivering anesthetic gases to patients. Anesthetic gases are preferred to control the unconscious state of health, ensure pain relief, and provide comfort and relaxation at the time of surgery. These gas cylinders offer a ready-to-use distribution of life-saving gases such as oxygen, carbon dioxide, and nitric oxide which helps to stabilize the patients during any kind of emergency. Oxygen and anesthetic gases are used for specific treatments and therapies.

For example, helium-oxygen combinations known as heliox, are used for the treatment of patients with acute respiratory issues by providing them with improved gas exchange in the lungs. Likewise, oxygen and nitrogen mixtures, which are medical gases, are used in neonatal care units to offer respiratory support to premature babies. The utilization of Gas Cylinders for some specific treatments ensures the supply of these products will be efficient and smooth concerning the unique requirements of the patient population.

In the vehicle manufacturing industry, an engine tube car is a compartment in which the vehicle fuel is burned to develop the power of the engine to get started. The average engine on a vehicle is 4,6 or 8 engine gas cylinders. Each tube in the vehicle is linked to the crankshaft, which turns the energy generated by the combustion into rotational mobility. These Pressure Vessels represent the Production of Gas Cylinders and are Essential Commodities in modern automotive technology.

Gas Cylinder Market Dynamics

Diverse Industrial Demand Drives Gas Cylinder Market Growth

The escalating demand from various industries significantly propels the gas cylinder market's growth. Sectors like water treatment, medical, beverage dispensing, and fire extinguishing rely increasingly on gas cylinders for their daily operations. This diverse application spectrum ensures a consistent demand, buffering the market against sector-specific downturns. The versatility of gas tubes in meeting the varied needs of these industries not only drives current market growth but also lays the groundwork for sustainable expansion. The anticipated long-term implication is a market increasingly characterized by innovation in cylinder design and materials to cater to the specific needs of these diverse industries.

Rising Energy Consumption and Alternative Fuels Adoption Boost Market

The surge in energy consumption and the growing adoption of alternative fuels, including Supercritical Fluid, are pivotal in shaping the gas cylinder market. As the world shifts towards cleaner energy sources, the role of High-Pressure Gas Cylinders in storing and transporting these fuels becomes more critical. This transition is not just about meeting energy demands but also about adhering to environmental standards and positioning gas cylinders, with enhanced Safety Measures and Thermal Stability, as key enablers in the global shift toward sustainable energy practices. The long-term impact is likely a market expansion driven by the need for specialized tubes designed for alternative fuels, like Supercritical Fluid, aligning with global sustainability goals.

Need for Proper Securing of Cylinders Restrains Gas Cylinder Market Growth

The stringent requirements for the safe transportation of gas cylinders significantly elevate transportation costs, impacting the overall market growth. Proper securing and handling of these tubes are essential to prevent accidents and leaks, necessitating specialized equipment and protocols. This increases logistic expenses, as companies must invest in reinforced vehicles and trained personnel to ensure compliance with safety regulations. The resultant higher transportation costs can lead to increased prices for end consumers, potentially reducing market demand. This scenario is particularly challenging for smaller market players who might lack the resources to efficiently manage these increased operational costs.

Changing Global Socioeconomic Landscape Restrains Gas Cylinder Market Growth

The gas cylinder market is particularly sensitive to fluctuations in the global socioeconomic landscape, including political influences on global trade. These factors can dramatically affect the costs and availability of raw materials required for tube production. Political instability, trade disputes, and economic sanctions can disrupt supply chains, leading to shortages and inflated raw material prices. Furthermore, socioeconomic shifts can alter energy consumption patterns, influencing the demand for gas cylinders. These dynamics introduce a level of unpredictability in the market, making it challenging for manufacturers to plan production and pricing strategies, thereby constraining market growth.

Gas Cylinder Market Segmentation Analysis

By Product Analysis

Steel cylinders are the dominant of the gas cylinder market. This is underpinned by their durability, reliability, and cost-effectiveness, making them a preferred choice in various industries. Steel's resilience to high pressure and temperature variations is a critical factor in its widespread adoption. However, the heavy weight of steel cylinders poses logistical challenges and has led to the exploration of lighter alternatives.

Composite cylinders, made from materials like carbon fiber, offer a lighter alternative and are gaining traction, particularly in sectors where weight reduction is crucial. These tubes are more expensive but offer advantages in terms of weight and corrosion resistance. The 'Others' category includes aluminum and other materials, catering to specific industry needs where steel or composite materials may not be suitable. These segments, while smaller, are essential for market diversification and growth.

By Wrap Type Analysis

High-Density Polyethylene (HDPE) is a predominant wrap type in the gas cylinder market. HDPE's durability, resistance to chemicals, and cost-effectiveness contribute to its widespread use. This material is particularly favored in applications where resistance to external elements is crucial.

Glass fiber and aramid fiber wraps, though less common than HDPE, are significant for their specific advantages. Glass fiber offers excellent tensile strength, while aramid fiber is known for its heat resistance and strength-to-weight ratio. These materials are typically used in high-performance applications where HDPE may not suffice.

By Gas Type Analysis

Inert gasses, like nitrogen and argon, are the most commonly stored gasses in barrels. Their wide application range, from food preservation to industrial processes, cements their dominance in the market. The non-reactive nature of inert gasses makes them ideal for various industrial and commercial applications.

Flammable gasses such as propane and butane, and toxic gasses like chlorine, are stored in specialized tubes. These segments cater to specific industries and applications, requiring stringent safety standards and specialized materials for tube construction. Their role, though smaller in market share, is critical for industries relying on these glasses.

By Application Analysis

The kitchen and domestic segment is a major consumer of gas cylinders, driven by the widespread use of LPG (Liquefied Petroleum Gas) in cooking and heating. The convenience and accessibility of gas cylinders in domestic settings underpin this segment's dominance.

Processing industries, encompassing sectors like chemical, petrochemical, and manufacturing, rely heavily on gas cylinders for various processes. The medical sector, especially post-pandemic, has seen a surge in demand for medical-grade gasses, necessitating specialized gas cylinders. These sectors, while not as large as the domestic segment, are integral to the market's growth due to their specific and critical requirements.

Gas Cylinder Industry Segments

By Product

• Steel Cylinders
• Composite Cylinders
• Others

By Wrap Type

• HDPE
• Glass Fiber
• Aramid Fiber
• Carbon Fiber
• Wrap less

By Gas Type

• Inert Gases
• Flammable Gases
• Toxic Gases
• Oxidizers
• Pyrophoric Gases

By Application

• Kitchen and Domestic
• Processing Industries
• Medical
• Transportation

Gas Cylinder Market Growth Opportunity

Increasing Demand for Specialty Gases Offers Growth Opportunity in Gas Cylinder Market

The rising demand for specialty gasses across various industries presents a substantial growth opportunity for the gas cylinder market. Industries such as food, medicine, and chemicals are increasingly relying on these glasses for various applications, from food preservation to medical procedures and chemical processing. This uptick in demand necessitates a corresponding increase in safe, reliable gas storage and transport solutions, thereby driving the market for gas cylinders. Recent industry trends indicate a steady rise in the use of specialty gasses, which in turn propels the need for high-quality gas cylinders, fostering market expansion both in terms of volume and technological advancement.

Growing Demand in Analytical and Calibration Industries Fuels Gas Cylinder Market Expansion

The growing demand in the analytical and calibration industries is another key factor fueling the expansion of the gas cylinder market. These industries require precise and consistent gas compositions for accurate analysis and calibration, leading to a heightened need for specialized gas cylinders that comply with Regulatory Frameworks. The recent surge in environmental monitoring and the increasing sophistication of analytical techniques have amplified this demand. Gas cylinders that offer enhanced safety, greater precision in gas release, and improved preservation of gas integrity, often achieved through Powder Coating Technologies, are particularly in demand. This trend not only widens the market but also encourages innovation in tube technology, meeting the specific needs of these critical industries and identifying Sweet Spots for further market growth.

Gas Cylinder Market Regional Analysis

Asia Pacific Dominates with 32.60% Market Share

Asia Pacific's stronghold on 32.60% of the global gas cylinder market is attributed to its expanding industrial sector and escalating energy needs. The region's burgeoning population and rapid urbanization have led to increased demand for gas barrels in domestic and commercial settings, driving market growth.

The market dynamics in Asia Pacific are further reinforced by the region's robust manufacturing capabilities, offering cost-effective production. The presence of emerging economies like China and India, which are major manufacturing hubs, significantly contributes to the market's volume and variety, catering to both local and global demands.

Asia Pacific's future in the gas cylinder market is poised for sustained growth. The region's ongoing industrial development, coupled with increasing energy consumption, is expected to maintain, if not elevate, its market dominance. Technological advancements and environmental regulations may further shape the market, steering it towards more efficient and eco-friendly gas cylinder solutions.

Europe: Focus on Safety and Sustainability

In Europe, the gas cylinder market is characterized by stringent safety regulations and a shift towards sustainable energy sources. The region's commitment to environmental protection drives innovation in gas cylinder technology, focusing on safer and more eco-friendly products. Europe's mature industrial base and advanced technological landscape make it a key player, balancing market growth with environmental consciousness.

North America: Diverse Applications and Technological Leadership

North America's gas cylinder market benefits from its diverse application across industries and leadership in technology. The region's strong focus on research and development has led to the introduction of advanced, lightweight gas barrels. This innovation, combined with a robust industrial infrastructure and stringent safety standards, positions North America as a significant market player with a focus on quality and innovation.

Gas Cylinder Industry by Region

North America

• US
• Canada
• Mexico

Western Europe

• Germany
• France
• The UK
• Spain
• Italy
• Portugal
• Ireland
• Austria
• Switzerland
• Benelux
• Nordic
• Rest of Western Europe

Eastern Europe

• Russia
• Poland
• The Czech Republic
• Greece
• Rest of Eastern Europe

APAC

• China
• Japan
• South Korea
• India
• Australia & New Zealand
• Indonesia
• Malaysia
• Philippines
• Singapore
• Thailand
• Vietnam
• Rest of APAC

Latin America

• Brazil
• Colombia
• Chile
• Argentina
• Costa Rica
• Rest of Latin America

Middle East & Africa

• Algeria
• Egypt
• Israel
• Kuwait
• Nigeria
• Saudi Arabia
• South Africa
• Turkey
• United Arab Emirates
• Rest of MEA

Gas Cylinder Market Key Player Analysis

In the gas cylinder market, a diverse array of key players are shaping the industry's landscape, each contributing uniquely to its growth and evolution. 3M, with its innovation-driven approach, underscores the market's emphasis on advancing materials and safety technologies. Aygaz A.Ş., rooted in regional market strength, highlights the importance of local market understanding and distribution efficacy.

FABER INDUSTRIE SPA and Hexagon Ragasco AS, leaders in lightweight and composite cylinder technologies, reflect the industry's shift towards more sustainable and user-friendly solutions. Luxfer Gas Cylinders and Worthington Industries Inc., with their expansive product ranges, underscore the market's need for versatility to cater to diverse applications, from medical to industrial uses.

Beijing Tianhai Industry Co., Ltd. and Drägerwerk AG and Co. KGaA, renowned for their robust manufacturing capabilities, illustrate the market's competitive edge in production efficiency and scalability. EKC and Linde plc, with their global reach, demonstrate the importance of strategic global positioning and supply chain management in expanding market influence.

Time Technoplast Ltd. and MS GROUP, through their focus on innovation and customization, highlight the market's response to specific customer needs and emerging market trends. Welz Gas Cylinder GmbH and Zhejiang Tianlong Cylinder Co., L.T.D., with their emphasis on quality and durability, underscore the critical importance of reliability in this sector.

Lastly, Praxair's role as both a gas supplier and tube manufacturer exemplifies the market's trend towards vertical integration, offering a comprehensive solution to customers. Collectively, these companies not only drive the gas cylinder market's growth but also emphasize the diverse strategies - from advanced material technologies to global supply chain optimization - crucial in leading this dynamic and essential industry.

Gas Cylinder Industry Key Players

• 3M
• Aygaz A.Ş.
• FABER INDUSTRIE SPA
• Hexagon Ragasco AS
• Luxfer Gas Cylinders
• Worthington Industries Inc
• Beijing Tianhai Industry Co., Ltd.
• Drägerwerk AG & Co. KGaA
• EKC
• Linde plc
• Time Technoplast Ltd.
• MS GROUP
• Welz Gas Cylinder GmbH
• Zhejiang Tianlong cylinder Co., L.T.D.
• Praxair
• Air Liquide
• Gelest Inc.
• Norris Cylinder Company
• Catalina Cylinders
• MNKgases
• Cyl-Tec
• ECS
• JAI MARUTI GAS
• BOC (Linde)
• Rama Cylinders
• Air Products
• Gas Cylinder Source
• Afrox
• Chart Industries
• Everest Kanto Cylinder Ltd.

Recent Development

• In 2023, Luxfer Gas Cylinders, another significant industry player, also disclosed its expansion plans. In response to the expanding demand for alternative fuel vehicles and compressed natural gas (CNG) solutions, the company has announced its intention to increase its production capacity in the United States.
• In 2022, Air Liquide, a multinational provider of industrial gases and services, entered the market with the acquisition of the hydrogen barrel business of Messer Group. It is anticipated that the move will strengthen Air Liquide's position as a prominent supplier of hydrogen barrels for industrial and mobile applications and further consolidate the company's presence in Europe.
• In July 2021, Indane, which is an affiliate of Indian Oil Corporation, launched its new smart gas cylinder called the Composite Cylinder. It is believed to be stronger, safer, and lighter than traditional gas cylinders. It will allow customers to determine the quantity of gas contained inside the tube, as certain components are translucent. It has a blow-mold HDPE liner that is attached to the jacket outside. The liner is covered in the form of a polymer-wrapped layer.
• In October 2020, Luxfer Gas Cylinders a major manufacturer of light, high-pressure kind III composite cylinders with its headquarters in the U.S., introduced its first Non-Limited Life (NLL) medical barrels. The company is aiming to assist those suffering from respiratory ailments as they face the increasing incidence of COVID-19 through this launch. The barrel is designed to have a life span of over 15 years and is intended for hospitals.
• In April 2019, Faber Industrie Spa (Faber) was able to achieve a weighted efficiency as low as 0.84 kg/l at 200 working pressure or its CNG type 1 tube. The company also indicates the efficiency can be further enhanced to 0.75kg/l by utilizing advanced high-strength steel grade. The company intends to improve its technology to assert market dominance with this technological achievement.

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