Global Industrial Gas Cylinder Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global Industrial Gas Cylinder Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Industrial Gas Cylinder market size was valued at US$ 6596 million in 2024 and is forecast to a readjusted size of USD 9089 million by 2031 with a CAGR of 4.9% during review period.

An industrial gas cylinder is a high-pressure container used to store and transport gases in liquid or gas form These cylinders are typically made of steel or aluminum and are designed to safely contain gases such as oxygen, nitrogen, hydrogen, carbon dioxide, and various specialty gases. They are used across a wide range of industries, including manufacturing, healthcare, food processing, and chemical production, for purposes such as welding, medical treatments, chemical reactions, and as fuel sources. Industrial gas cylinders are equipped with valves and regulators to control the flow and pressure of the gas during use.

The report mainly counts industrial gas cylinders used for large enterprises such as oxygen, nitrogen, carbon dioxide, and industrial liquefied petroleum gas, and natural gas, while vehicle gas cylinders such as LNG gas cylinders and CNG gas cylinders are not included in the statistics.

The Industrial Gas Cylinder market is primarily influenced by the growth and demand for industrial gases, which originated in Western markets such as North America and Europe. These regions continue to hold a significant share of both the production and consumption of industrial gases, and consequently, the demand for industrial gas cylinders remains high. However, the markets in North America and Europe are gradually approaching saturation, leading to a slowdown in market growth.

On the other hand, the Asia-Pacific (APAC) region is witnessing a substantial increase in demand for industrial gases and gas cylinders. This region, particularly China, has emerged as a significant growth driver due to the rapid industrialization and the expanding chemical, manufacturing, and healthcare sectors. With its large and growing industrial base, APAC has a considerable potential for future market growth, which in turn stimulates the demand for industrial gas cylinders. In fact, China has become the world's largest producer of industrial gas cylinders, catering not only to domestic needs but also fulfilling substantial export volumes to regions such as North America, Europe, Southeast Asia, and Central Africa. The increasing demand for gases in these emerging markets is expected to continue driving the growth of industrial gas cylinder production in the coming years.

The industrial gas cylinder market can be segmented by material type, with the primary categories being steel, aluminum, and composite materials. Steel cylinders currently dominate the market, holding a 56% share of production in 2023. Steel cylinders are known for their durability and cost-effectiveness, making them the preferred choice for many industrial applications.

This report is a detailed and comprehensive analysis for global Industrial Gas Cylinder market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Industrial Gas Cylinder market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Industrial Gas Cylinder market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Industrial Gas Cylinder market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Industrial Gas Cylinder market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Industrial Gas Cylinder

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Industrial Gas Cylinder market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Sinoma Technology Co., Ltd., Worthington Industries, Rama Cylinders, Faber Industrie, Ningbo Meike Acetylene Bottle Co., Ltd., Luxfer Group, Beijing Tianhai Industry Co., Ltd., Hebei Baigong Industrial Co., Ltd., Lianyungang Zhongfu Lianzhong Composite Materials Group Co., Ltd., Everest KantoCylinders, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Industrial Gas Cylinder market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Steel Industrial Gas Cylinder
Aluminum Industrial Gas Cylinder
Composite Industrial Cylinder

Market segment by Application
General Industry
Chemical Energy
Food Industry
Medical Industry
Other

Major players covered
Sinoma Technology Co., Ltd.
Worthington Industries
Rama Cylinders
Faber Industrie
Ningbo Meike Acetylene Bottle Co., Ltd.
Luxfer Group
Beijing Tianhai Industry Co., Ltd.
Hebei Baigong Industrial Co., Ltd.
Lianyungang Zhongfu Lianzhong Composite Materials Group Co., Ltd.
Everest KantoCylinders
Chart Industries
Jingcheng Machinery Electric Company
Shandong Yongan Special Equipment
Hexagon Agility
Shandong Hualing Electronics
Hengyang JinHua High Pressure Container

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Industrial Gas Cylinder product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Industrial Gas Cylinder, with price, sales quantity, revenue, and global market share of Industrial Gas Cylinder from 2020 to 2025.

Chapter 3, the Industrial Gas Cylinder competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Industrial Gas Cylinder breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Industrial Gas Cylinder market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Industrial Gas Cylinder.

Chapter 14 and 15, to describe Industrial Gas Cylinder sales channel, distributors, customers, research findings and conclusion.