Market Overview:
The global aluminium gas cylinders market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for aluminium gas cylinders from various end-use industries, such as gas carriers and storage, transportation, life support, and medical applications. In addition, the growing demand for lightweight and high-pressure aluminium gas cylinders is also contributing to the growth of this market. Based on type, the global aluminium gas cylinders market can be segmented into low pressure aluminum gas cylinders and high pressure aluminum gas cylinders. The high pressure segment is expected to grow at a higher CAGR than the low pressure segment during the forecast period from 2018 to 2030. This growth can be attributed to increased demand for high-pressure aluminum gas cylinders in various end-use industries such as transportation and medical applications.
Product Definition:
An aluminium gas cylinder is a pressure vessel used to store and transport gases. Aluminium gas cylinders are important because they are lightweight and corrosion-resistant, making them ideal for transporting hazardous gases.
Low Pressure Aluminium Gas Cylinders:
Low pressure aluminum gas cylinders are used to store and transport natural gas. They are made from light weight aluminum, which makes them easy to handle during transportation. Aluminum is a very strong lightweight metal, which gives high strength to the cylinder. These products have applications in various end-use industries such as construction & building, oil & gas and power generation industries among others.
High Pressure Aluminium Gas Cylinders:
High pressure aluminum gas cylinders are used to store and transport natural gas. They are made from aluminum and have a capacity of up to 500 cubic feet. These cylinders can be used for the transportation of gases in industries, such as power generation, oil & gas, manufacturing facilities among others. High-pressure aluminum cylinders are also known as retorts or pressure vessels and they can withstand high temperatures without being damaged or destroyed.
Application Insights:
The transportation segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growing automotive sector across various regions coupled with increasing disposable income levels of consumers has been contributing significantly to industry growth.
The life support application segment is expected to witness a CAGR of XX% from 2017 to 2030 owing to rising demand for oxygen and other gases in hospitals and other medical facilities. In addition, this product plays a vital role as anodes in cardiac pacemakers which are likely to propel its demand over the coming years. Increasing use of gas carriers for providing natural gas service connections is also anticipated fuel industry growth over the next few years in Asia Pacific region among others locations around globe where such services are provided including LNG import & export terminals globally speaking).
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rising demand for natural gas in China, India, South Korea, and Taiwan. In addition, growing construction activities in emerging economies of Asia Pacific are expected to drive product demand over the next eight years.
North America accounted for a significant share of global market revenue owing to high production levels coupled with stringent regulations regarding environmental protection from LPG cylinders manufacturers Association (LPGMA). Europe is also projected to witness steady growth due to strict emission norms implemented by European Gas Association (EGA) on aluminium gas cylinders across 28 member states of Europe since 2005. Moreover, increasing use of natural gas as an alternative fuel for vehicular transportation will boost industry penetration rates over the coming years.
Growth Factors:
- Increasing demand for aluminium gas cylinders from the transportation and logistics sector as a result of the growth in global trade.
- Rising demand for aluminium gas cylinders from the oil and gas industry due to increasing exploration and production activities across the globe.
- Growing popularity of aluminium gas cylinders in emerging markets due to their low weight and high strength-to-weight ratio compared to other materials such as steel or brass.
- Increasing use of aluminium gas cylinders in firefighting applications, thanks to their non-toxic nature and ability to withstand high temperatures without corroding or leaking.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminium Gas Cylinders Market Research Report
By Type
Low Pressure Aluminium Gas Cylinders, High Pressure Aluminium Gas Cylinders
By Application
Gas Carriers and Storage, Transportation, Life Support, Medical
By Companies
Luxfer Gas Cylinder, Hexagon Composites, Sinoma, Aburi Composites, Faber Industrie, Worthington Cylinders, Dragerwerk, Santek, Time Technoplast, Rubis Caribbean, Beijing Tianhai Industry
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Aluminium Gas Cylinders Market Report Segments:
The global Aluminium Gas Cylinders market is segmented on the basis of:
Types
Low Pressure Aluminium Gas Cylinders, High Pressure Aluminium Gas Cylinders
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Gas Carriers and Storage, Transportation, Life Support, Medical
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Luxfer Gas Cylinder
- Hexagon Composites
- Sinoma
- Aburi Composites
- Faber Industrie
- Worthington Cylinders
- Dragerwerk
- Santek
- Time Technoplast
- Rubis Caribbean
- Beijing Tianhai Industry
Highlights of The Aluminium Gas Cylinders Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Pressure Aluminium Gas Cylinders
- High Pressure Aluminium Gas Cylinders
- By Application:
- Gas Carriers and Storage
- Transportation
- Life Support
- Medical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aluminium Gas Cylinders Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aluminium gas cylinders are containers made of aluminium that hold a pressurized gas. They are used to store natural gas, propane, or butane.
Some of the major players in the aluminium gas cylinders market are Luxfer Gas Cylinder, Hexagon Composites, Sinoma, Aburi Composites, Faber Industrie, Worthington Cylinders, Dragerwerk, Santek, Time Technoplast, Rubis Caribbean, Beijing Tianhai Industry.
The aluminium gas cylinders market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aluminium Gas Cylinders Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aluminium Gas Cylinders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aluminium Gas Cylinders Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aluminium Gas Cylinders Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aluminium Gas Cylinders Market Size & Forecast, 2020-2028
4.5.1 Aluminium Gas Cylinders Market Size and Y-o-Y Growth
4.5.2 Aluminium Gas Cylinders Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Low Pressure Aluminium Gas Cylinders
5.2.2 High Pressure Aluminium Gas Cylinders
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Gas Carriers and Storage
6.2.2 Transportation
6.2.3 Life Support
6.2.4 Medical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aluminium Gas Cylinders Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aluminium Gas Cylinders Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Low Pressure Aluminium Gas Cylinders
9.6.2 High Pressure Aluminium Gas Cylinders
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Gas Carriers and Storage
9.10.2 Transportation
9.10.3 Life Support
9.10.4 Medical
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Low Pressure Aluminium Gas Cylinders
10.6.2 High Pressure Aluminium Gas Cylinders
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Gas Carriers and Storage
10.10.2 Transportation
10.10.3 Life Support
10.10.4 Medical
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Low Pressure Aluminium Gas Cylinders
11.6.2 High Pressure Aluminium Gas Cylinders
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Gas Carriers and Storage
11.10.2 Transportation
11.10.3 Life Support
11.10.4 Medical
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Low Pressure Aluminium Gas Cylinders
12.6.2 High Pressure Aluminium Gas Cylinders
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Gas Carriers and Storage
12.10.2 Transportation
12.10.3 Life Support
12.10.4 Medical
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Low Pressure Aluminium Gas Cylinders
13.6.2 High Pressure Aluminium Gas Cylinders
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Gas Carriers and Storage
13.10.2 Transportation
13.10.3 Life Support
13.10.4 Medical
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aluminium Gas Cylinders Market: Competitive Dashboard
14.2 Global Aluminium Gas Cylinders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Luxfer Gas Cylinder
14.3.2 Hexagon Composites
14.3.3 Sinoma
14.3.4 Aburi Composites
14.3.5 Faber Industrie
14.3.6 Worthington Cylinders
14.3.7 Dragerwerk
14.3.8 Santek
14.3.9 Time Technoplast
14.3.10 Rubis Caribbean
14.3.11 Beijing Tianhai Industry
