Global Industrial Gas Cylinder Market Growth 2025-2031

The global Industrial Gas Cylinder market size is predicted to grow from US$ 6488 million in 2025 to US$ 8793 million in 2031; it is expected to grow at a CAGR of 5.2% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Industrial Gas Cylinder Industry Forecast” looks at past sales and reviews total world Industrial Gas Cylinder sales in 2024, providing a comprehensive analysis by region and market sector of projected Industrial Gas Cylinder sales for 2025 through 2031. 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.

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.

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 analysing 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
Jingcheng Machinery Electric Company
Shandong Yongan Special Equipment
Hexagon Agility
Shandong Hualing Electronics
Hengyang JinHua High Pressure Container

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 by Type, by Application?

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