Global Industrial Gas Cylinder Market Growth 2023-2029

Global Industrial Gas Cylinder Market Growth 2023-2029

Industrial gas cylinders refer to the reusable inflation under normal environment (-40 ~ 60 ℃), the nominal working pressure is 1.0 ~ 30MPa (gauge pressure), the nominal volume is 0.4 ~ 1 000 L containing permanent gas, liquefied gas or Mobile pressure vessel for dissolved gas. 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.
LPI (LP Information)' newest research report, the “Industrial Gas Cylinder Industry Forecast” looks at past sales and reviews total world Industrial Gas Cylinder sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Gas Cylinder sales for 2023 through 2029. With Industrial Gas Cylinder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Gas Cylinder industry.
This Insight Report provides a comprehensive analysis of the global Industrial Gas Cylinder landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Gas Cylinder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Gas Cylinder market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Gas Cylinder and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Gas Cylinder.
The global Industrial Gas Cylinder market size is projected to grow from US$ 5651.3 million in 2022 to US$ 7996 million in 2029; it is expected to grow at a CAGR of 7996 from 2023 to 2029.
China has now become the largest producer of industrial gas cylinders. Not only can it meet the needs of the domestic market, but also a large number of industrial gas cylinders are exported to Europe and the United States, Southeast Asia and Central Africa every year. Industrial gas cylinders have good market prospects. Although the new coronary pneumonia in 2020 has had a certain negative impact on the market, the epidemic situation in China has improved, and many countries around the world have taken active prevention and control measures against the epidemic situation. The market will return to normal.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Gas Cylinder market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Steel Industrial Gas Cylinder
Aluminum Industrial Gas Cylinder
Composite Industrial Cylinder
Segmentation by application
General Industry
Chemical Energy
Food Industry
Medical Industry
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Industrial Gas Cylinder market?
What factors are driving Industrial Gas Cylinder market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Industrial Gas Cylinder market opportunities vary by end market size?
How does Industrial Gas Cylinder break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.