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

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

According to our (Global Info Research) latest study, the global Steel Gas Cylinder market size was valued at US$ 1958 million in 2024 and is forecast to a readjusted size of USD 2820 million by 2031 with a CAGR of 5.3% during review period.

Steel gas cylinder is a container used to store and transport high-pressure gas, which is widely used in industry, medical treatment, fire fighting, food processing and diving. Steel gas cylinder is mainly made of high-quality carbon steel or alloy steel, with good mechanical strength and corrosion resistance, and can withstand high-pressure environment.

The steel gas cylinder industry is currently in a steady development stage and is an indispensable infrastructure in the field of gas storage and transportation. The industry widely serves industrial gases, energy, medical treatment, firefighting and other fields. Among them, the industrial gas market is still the traditional pillar of demand, and the rapid development of clean energy has become a new engine to promote industry growth. In recent years, the global promotion of clean energy such as hydrogen and natural gas and the growth of medical and health needs have driven the growth of demand for steel gas cylinders, especially high-performance and specialized gas cylinders. In the Chinese market, products are mainly low-end and mid-range. However, with the improvement of industry technical thresholds and stricter environmental protection standards, the market is gradually moving towards centralization and high-end development.

In terms of sales areas, the demand for steel gas cylinders shows obvious geographical distribution characteristics. Developed countries such as Europe and the United States are the main consumer markets for high-end steel gas cylinders due to their high degree of industrialization and widespread application of clean energy. These regions have higher requirements for the technical performance, safety and service life of gas cylinders, so high value-added products dominate the market. Emerging markets such as Southeast Asia, South Asia, Africa and the Middle East are dominated by demand for mid- and low-end products and are more price sensitive. The regional distribution of the Chinese market is mainly in the eastern coastal areas, where industrial demand is strong and infrastructure is well-developed; at the same time, with the advancement of the country's clean energy policy, demand in inland and western regions is also growing rapidly. Southeast Asia and India, as regions with relatively fast regional economic development, have gradually become important export destinations. At the regional level, the Chinese market has changed rapidly in the past few years. The market size in 2023 is US$343 million, accounting for about 18.02% of the world. It is expected to reach US$556 million in 2030, and the global share will reach 20.12% by then.

At present, the world's major manufacturers include Worthington Industries, Cylinders Holding, Everest Kanto Cylinder, Rama Cylinders and Norris Cylinder Company. In 2023, the share of major manufacturers will exceed 54%. It is expected that the industry competition will become more intense in the next few years, especially in the Chinese market.

Looking ahead, the steel gas cylinder industry will usher in many development opportunities. The transformation of the global energy structure has created unprecedented growth space for the industry, especially in the fields of hydrogen energy storage and transportation and natural gas, and the demand for high-pressure and high-performance gas cylinders is increasing. At the same time, the innovation of manufacturing technology has promoted the widespread application of lightweight materials, high-strength design and intelligent monitoring technology for gas cylinders, which will greatly improve the safety and market competitiveness of products. In addition, the trend of globalization and the rise of emerging markets provide new possibilities for companies to expand into international markets.

This report is a detailed and comprehensive analysis for global Steel 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 Steel Gas Cylinder market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031

Global Steel 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 Steel 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 Steel 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 Steel 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 Steel 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 Worthington Industries, Cylinders Holding, Everest Kanto Cylinder, Rama Cylinders, Linde Group, Vítkovice, Norris Cylinder Company, Air Liquide, Beijing Tianhai Industrial, Zhejiang Jindun Pressure Vessel, etc.

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

Market Segmentation

Steel 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
Seamless Gas Cylinder
Welded Gas Cylinder

Market segment by Application
Food Industry
Medical Industry
General Industry
Others

Major players covered
Worthington Industries
Cylinders Holding
Everest Kanto Cylinder
Rama Cylinders
Linde Group
Vítkovice
Norris Cylinder Company
Air Liquide
Beijing Tianhai Industrial
Zhejiang Jindun Pressure Vessel
Hebei Baigong Industrial Co., Ltd.
Nippon Sanso
NK Co., Ltd.
Sinoma Science and Technology
Messer
Shandong Yongan Special Equipment
Shandong Huachen High Pressure Vessel Group
Jai Maruti Gas Cylinders Ltd.
Faber Industrie
Gelest
MSA Safety

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 Steel Gas Cylinder product scope, market overview, market estimation caveats and base year.

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

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

Chapter 4, the Steel 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 Steel 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 Steel Gas Cylinder.

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