Global Steel Gas Cylinder Market Growth 2025-2031

Global Steel Gas Cylinder Market Growth 2025-2031

The global Steel Gas Cylinder market size is predicted to grow from US$ 1963 million in 2025 to US$ 2732 million in 2031; it is expected to grow at a CAGR of 5.7% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Steel Gas Cylinder Industry Forecast” looks at past sales and reviews total world Steel Gas Cylinder sales in 2024, providing a comprehensive analysis by region and market sector of projected Steel Gas Cylinder sales for 2025 through 2031. With Steel Gas Cylinder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steel Gas Cylinder industry.

This Insight Report provides a comprehensive analysis of the global Steel 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 Steel Gas Cylinder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Steel Gas Cylinder market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steel 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 Steel Gas Cylinder.

This report presents a comprehensive overview, market shares, and growth opportunities of Steel Gas Cylinder market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Seamless Gas Cylinder
Welded Gas Cylinder

Segmentation by Application:
Food Industry
Medical Industry
General Industry
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 analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Steel Gas Cylinder market?

What factors are driving Steel Gas Cylinder market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Steel Gas Cylinder market opportunities vary by end market size?

How does Steel Gas Cylinder break out by Type, by Application?

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