Report Overview

The Global Gas Cylinder Market was valued at USD 12.36 million in 2025 and is projected to reach USD 25.06 million by 2035, expanding at a robust CAGR of 8.98% during the forecast period from 2026 to 2035. The Gas Cylinder market report delivers a comprehensive industry assessment by analyzing macroeconomic conditions, technological advancements, regulatory frameworks, and evolving consumer behavior to provide a clear outlook on future growth potential.

With 2025 as the base year, the Gas Cylinder market is experiencing steady expansion driven by continuous innovation, rising demand across end-use industries, and rapid technological progress. Market participants are increasingly optimizing their go-to-market (GTM) strategies to capitalize on emerging opportunities and adapt to shifting competitive dynamics.

Looking ahead to 2035, the market is expected to maintain strong growth momentum, supported by sustained investments in research and development, strategic partnerships, and mergers and acquisitions. Companies that focus on innovation, agile GTM execution, and alignment with evolving customer needs are well positioned to achieve long-term success. The report provides in-depth insights into key market drivers, restraints, opportunities, and challenges across segments, regions, and countries, supported by robust qualitative and quantitative analysis spanning 2017 to 2035.

• Historical Analysis (2017 - 2024): Evaluates past market trends, performance indicators, and growth patterns to identify factors influencing current and future market behavior.
• Forecast and Projections (2026 - 2035): Offers forward-looking market estimates, highlighting emerging trends, growth opportunities, and regional developments.
• Compound Annual Growth Rate (CAGR): Provides a clear CAGR assessment for the 2026 - 2035 period, enabling stakeholders to evaluate long-term market growth potential.

Gas Cylinder Market

What is the Gas Cylinder Market

The gas cylinder market plays a critical role in the safe storage and transportation of gases used across industries and daily life. These pressurized containersmanufactured from steel, aluminum, and advanced composite materialsare designed to meet specific operational and safety requirements. Gas cylinders are widely used for industrial gases such as oxygen and nitrogen, medical oxygen in healthcare, and energy gases like LPG, CNG, and hydrogen.

The market serves a broad range of sectors including manufacturing, healthcare, energy, food & beverage, households, and transportation. From powering industrial processes and supporting medical treatments to enabling clean cooking and food preservation, gas cylinders are essential to modern infrastructure. Distribution occurs through direct sales, distributors, and online platforms, increasing accessibility across regions.

What are the drivers of the Gas Cylinder Market

Rapid industrialization and urbanization, particularly in emerging economies, are major drivers of the gas cylinder market. Expanding industries such as manufacturing, construction, and chemicals require large volumes of industrial gases, directly boosting demand for cylinders.

The healthcare sector is another significant contributor, with growing global demand for medical oxygen and specialty gases, especially following the COVID-19 pandemic. Expansion of healthcare infrastructure in developing regions continues to fuel demand for reliable medical gas cylinders.

Environmental sustainability initiatives and the shift toward cleaner fuels like LPG, CNG, and hydrogen are accelerating cylinder adoption. Government incentives and regulations promoting green energy and clean mobility are increasing demand for cylinders designed to safely handle alternative fuels.

On the technology front, innovations such as lightweight composite cylinders, IoT-enabled smart cylinders, and enhanced safety features are improving durability, safety, and operational efficiencyattracting new investments and unlocking growth opportunities.

What are the challenges and restraining factors of the Gas Cylinder Market

A major challenge is raw material price volatility, particularly for steel, aluminum, and composite materials. Fluctuating costs directly impact production expenses and compress profit margins, especially for cost-sensitive manufacturers.

Regulatory complexity is another restraint. Manufacturers must comply with diverse regional certification standards and testing requirements, which increase operational costs and can delay product launches.

Infrastructure and distribution limitations, especially in rural or underdeveloped regions, restrict efficient delivery and raise logistics costs. This limits market penetration in high-potential but underserved areas.

Safety concernsincluding improper handling, storage risks, and counterfeit cylinderspose reputational and regulatory challenges. Accidents can lead to stricter regulations, increasing compliance burdens for manufacturers.

What are the regional trends of the Gas Cylinder Market

North America

North America features a mature industrial base, strict safety regulations, and strong adoption of advanced and smart gas cylinders. Demand is driven by healthcare, energy, and transportation sectors, with growing use of lightweight composite and IoT-enabled cylinders. The U.S. leads the region, supported by ongoing investments in clean energy and healthcare.

Europe

Europes gas cylinder market is shaped by stringent environmental regulations and a strong focus on sustainability. Demand for LPG, CNG, and hydrogen cylinders is rising, supported by advanced R&D in specialty gases. Countries such as Germany, France, and Italy remain key production and export hubs.

Asia Pacific

Asia Pacific dominates the global market due to rapid industrial growth, urban expansion, and strong manufacturing capacity. China and India lead both production and consumption, with high demand for LPG and CNG cylinders in households and transport. The region is also a major exporter of gas cylinders worldwide.

Latin America

Latin America is experiencing steady growth, driven by industrialization, urbanization, and reliance on LPG cylinders in areas without piped gas infrastructure. Governments are strengthening safety regulations, while awareness of certified cylinders is increasing across Brazil, Mexico, and Argentina.

Middle East & Africa

The Middle East & Africa market is evolving rapidly. In the Middle East, strong energy industries and exports drive demand for industrial gas cylinders, while Africas growth is fueled by urbanization and rising use of LPG for cooking. Regulatory improvements and private healthcare investment support gradual expansion.

What is the competitive landscape of the Gas Cylinder Market

Competition is shaped by pricing, safety compliance, durability, distribution efficiency, and innovation. Manufacturers balance raw material cost fluctuations with regulatory demands. Composite materials, corrosion-resistant alloys, IoT integration, and sustainability practices are key differentiators, along with certifications such as ISO, PED, and DOT.

Who are the key players in the Gas Cylinder Market

Key players include Luxfer Holdings, Worthington Industries, Everest Kanto Cylinder Ltd, Praxair Technologies Inc., Faber Industrie SpA, Linde plc, Air Liquide, Beijing Tianhai Industry Co. Ltd., Time Technoplast Ltd, Hexagon Composites ASA, Shri Ram Cylinders, Catalina Cylinders, Chart Industries, Sinoma Science & Technology Co. Ltd., Weldship Corporation, Drgerwerk AG & Co. KGaA, Tenaris S.A., Aburi Composites, Rama Cylinders, and Amtrol-Alfa.

What are the recent developments in the Gas Cylinder Market

• May 2025: Time Technoplast became the first Indian company to receive dual PESO and Bureau Veritas certification for a 150-litre Type IV composite hydrogen cylinder.
• June 2024: Worthington acquired Hexagon Ragasco, expanding its portfolio of lightweight and corrosion-resistant composite LPG cylinders.

Study Period of the Gas Cylinder Market

Gas Cylinder Market

Report Highlights

Our team of experienced researchers has meticulously gathered and analyzed data to deliver a thorough examination of market dynamics, competitive landscape, and emerging technologies. With a focus on delivering actionable intelligence, this report aims to empower decision-makers with the information needed to make informed choices and stay ahead of the competition. Whether you are a seasoned industry player or a new entrant, our market research report serves as a strategic tool to navigate the complexities of the market, aiding in successful business planning and growth strategies.

Key Chapters Covered in the Gas Cylinder Market Report

Market Dynamics, Key Variables, and Industry Analysis

This chapter of our Gas Cylinder market report provides an in-depth examination of the factors shaping the industry landscape. This section typically encompasses several key elements to offer a comprehensive understanding of the industry landscape such as market drivers & restraints analysis, market opportunities & trend analysis, market size & growth analysis, competitive analysis, SWOT analysis, business environment tools such as Porter's five forces & PESTEL analysis, Ansoff Matrix analysis, penetration & growth prospect analysis, regulatory framework & reimbursement scenario analysis, impact of macro & micro economic factors analysis such as Covid-19 impact, GDP growth, market inflation, U.S.- China trade war, Russia-Ukraine war impact, and supply chain analysis.

Segment Analysis and Forecast Through 2035

The segment analysis chapter of Gas Cylinder market report is a critical section that delves into a detailed examination of the market's various segments. Segmentation involves dividing the market into distinct categories based on certain criteria to better understand and address the diverse needs of consumers. This chapter typically follows the introduction and provides a more granular view of the market, offering valuable insights for businesses and stakeholders. The components of the chapter lude segment definitions to understand the inclusions and exclusions of the study, assumptions, market size estimates and growth trend analysis of each segment, qualitative analysis of the segment, technological advancements, market penetration rate, market adoption rate, market share examination by each segment, segment growth drivers and restraint barriers, consumer behaviour and challenge analysis.

Regional Market Analysis and Forecast Through 2035

The chapter in Gas Cylinder market research report is a pivotal section that examines and predicts the market dynamics and trends specific to different geographical regions. This chapter is crucial for businesses and stakeholders seeking a comprehensive understanding of how the market behaves across various locations, enabling them to tailor strategies and make informed decisions based on regional variations. The regional analysis chapter of our Gas Cylinder market report is classified into regions & country-level. The chapter consists of North America (U.S., Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Sweden, Denmark, Norway, Rest of Europe), Asia Pacific (Japan, China, India, Australia, South Korea, Thailand, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Colombia, Rest of Latin America), Middle East & Africa (South Africa, Saudi Arabia, UAE, Kuwait, Rest of Middle East & Africa).

Gas Cylinder Market

Competitive Analysis and Company Profiles

This section of a Gas Cylinder market report is a crucial segment that provides a comprehensive overview of the competitive landscape within the market. This section is vital for businesses, investors, and stakeholders seeking insights into key players, their market positioning, strengths, weaknesses, strategies, and potential impacts on the overall market dynamics. The chapter includes research methodology used to analyse the market competition, list of key players operating in the market, detailed company profile section which includes company overview, business verticals, financial performance, product/services benchmarking, geographical presence, and strategic initiatives.

• Luxfer Holdings
• Worthington Industries
• Everest Kanto Cylinder Ltd
• Praxair Technologies Inc.
• Faber Industrie SpA
• Linde plc
• Air Liquide
• Beijing Tianhai Industry Co. Ltd.
• Time Technoplast Ltd
• Hexagon Composites ASA
• Shri Ram Cylinders
• Catalina Cylinders
• Chart Industries
• Sinoma Science & Technology Co. Ltd.
• Weldship Corporation
• Drgerwerk AG & Co. KGaA
• Tenaris S.A.
• Aburi Composites
• Rama Cylinders
• Amtrol-Alfa

Gas Cylinder Market

Report Scope

Based on Material Type & Wrap Type, the Gas Cylinder market is segmented into:

• Steel
• Composite
• Aluminum
• Hoop Wrap (Glass Fiber
• Carbon Fiber)
• Full Wrap (Glass Fiber
• Carbon Fiber
• Aramid Fiber
• Hybrid Wrap)

Based on Product Type & Cylinder Type, the Gas Cylinder market is segmented into:

• Type I
• Type II
• Type III
• Type IV
• High-Pressure Cylinder
• Low-Pressure Cylinder
• Acetylene Cylinder

Based on Size, the Gas Cylinder market is segmented into:

• <5 kg
• 510 kg
• 1015 kg
• 1520 kg
• 2050 kg
• >50 kg

Based on Gas Type, the Gas Cylinder market is segmented into:

• Liquefied Petroleum Gas (LPG)
• Compressed Natural Gas (CNG)
• Oxygen
• Hydrogen
• Carbon Dioxide
• Others

Based on Application & End Use Industry, the Gas Cylinder market is segmented into:

• Domestic
• Transportation
• Industrial
• Medical
• Fire Protection
• Oil & Gas
• Healthcare
• Food & Beverage
• Automotive
• Chemical
• Fire Safety
• Others

Key Reasons to Purchase the Gas Cylinder Market Research Report

• This report offers a comprehensive analysis of the Gas Cylinder market from 2017 to 2035, including market segments, current trends, estimations, and dynamics
• It also provides information on key drivers, restraints, and opportunities
• Porter's five forces analysis is used to assess the potency of buyers and suppliers, helping stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network
• The report includes an in-depth analysis of the Gas Cylinder market segmentation to identify prevailing market opportunities
• Major countries in each region are mapped according to their revenue contribution to the global market
• Market player positioning is also analyzed to facilitate benchmarking and provide a clear understanding of the present position of the market players
• The report includes an analysis of the regional and global Gas Cylinder market trends, key players, market segments, application areas, and market growth strategies

Gas Cylinder Market

Available Customizations

Customization Options Offered by Quintile Reports

• You may ask for a global, regional, or country-specific report.
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• You may ask for specific competitors/players to be profiled.

Gas Cylinder Market Research Report

Statistics for the 2025 Gas Cylinder market share, size, and revenue growth rate were created by Quintile Report™. Gas Cylinder analysis includes a market forecast outlook for 2035 and a historical overview. Get a free PDF sample of this market analysis, please get in touch with our principal analyst at sales@quintilereports.com