Global LPG Cylinder Market Growth 2023-2029

Global LPG Cylinder Market Growth 2023-2029

LPG Cylinder is a storage device that designed for the storing and transporting of liquefied petroleum gas. LPG cylinder has a huge variety of uses, most significantly domestic use. It is suitable for both indoor and outdoor use, including caravans, camping and barbecues. Moreover, it is employed across many different sectors such as transportation, hot air balloons, construction, recreation, hospitality, agricultural, calefaction and fishing.
LPI (LP Information)' newest research report, the “LPG Cylinder Industry Forecast” looks at past sales and reviews total world LPG Cylinder sales in 2022, providing a comprehensive analysis by region and market sector of projected LPG Cylinder sales for 2023 through 2029. With LPG Cylinder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LPG Cylinder industry.
This Insight Report provides a comprehensive analysis of the global LPG 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 LPG Cylinder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LPG Cylinder market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LPG 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 LPG Cylinder.
The global LPG Cylinder market size is projected to grow from US$ 2315.5 million in 2022 to US$ 2951.4 million in 2029; it is expected to grow at a CAGR of 2951.4 from 2023 to 2029.
Global LPG Cylinder key players include Worthington Industries, Huanri, Hebei Baigong, Aygaz, Manchester Tank, etc. Global top five manufacturers hold a share about 30%. Europe is the largest market, with a share about 40%, followed by China and North America, both with a share about 20 percent. In terms of product, LPG Steel Cylinders is the largest segment, with a share about 85%. And in terms of application, the largest application is Kitchen and Domestic Use, followed by Automotive Use, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of LPG Cylinder market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
LPG Steel Cylinders
LPG Composite Cylinders
Others
Segmentation by application
Kitchen and Domestic Use
Automotive Use
Others
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.
Worthington Industries
Hebei Baigong
Sahamitr Pressure Container
Mauria Udyog
Manchester Tank
Aygaz
Jiangsu Minsheng
Butagaz
Bhiwadi Cylinders
EVAS
Hexagon Ragasco
Faber Industrie
Chemet
MetalMate
VÍTKOVICE
Luxfer Gas Cylinders
SAHUWALA CYLINDERS
Guangdong Yingquan
MBG
Aburi Composites
PT PRAJAMITA INTERNUSA
Key Questions Addressed in this Report
What is the 10-year outlook for the global LPG Cylinder market?
What factors are driving LPG Cylinder market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do LPG Cylinder market opportunities vary by end market size?
How does LPG 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.