Market Overview:
The global chemical cylinders market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for transportation and factory applications across the globe. Additionally, the growing demand for laboratory applications is also propelling the growth of this market. The gas cylinders segment is expected to dominate the global chemical cylinders market during the forecast period, owing to their high usage in transportation and factory applications. The liquid cylinders segment is projected to grow at a higher CAGR than that of gas cylinders during the forecast period, as they are increasingly being used in laboratory applications.
Product Definition:
A chemical cylinder is a container made of metal or other sturdy material used to store compressed gases. The importance of chemical cylinders is that they provide a safe and efficient way to store and transport compressed gases.
Gas Cylinders:
The global gas cylinders market is expected to witness significant growth over the forecast period. Gas cylinders are used for storing liquefied natural gas (LNG), which is extracted from the ground and compressed into a smaller size for ease of transportation and storage. The product finds its major application in end-use industries such as power generation, cooking, heating & cooling among others.
Liquid Cylinders:
Liquid cylinders are used to store liquids in bulk quantities. They are available in different sizes and shapes, depending on the quantity required by the user. The liquid stored is generally used for industrial or laboratory use and can be a hazardous as well as an organic chemical substance. These cylinders come with standard capacities of 20 liters, 40 liters, 60 liters, 80 liters & 100 liters & 200 liter etc.
Application Insights:
The transportation application segment led the global chemical cylinders market in 2017 and is projected to register a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for diesel and gasoline across various regions, including North America and Europe. In addition, technological advancements in fuel systems coupled with growing automotive production are expected to drive the product demand from this segment over the coming years.
Liquid-cylinders are widely used in manufacturing processes owing to their properties such as high thermal stability & strength along with low volatility & odor compared to other gases such as hydrogen or nitrogen which makes them suitable for use as industrial gases.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing significant growth in industrial activities, which has led to an increased demand for chemical cylinders. China, India, Japan and South Korea are among the largest manufacturing hubs of Asia Pacific owing to low-cost labor and raw materials as well as easy access to capital.
The growing manufacturing sector across Asia Pacific is anticipated to boost product demand over the forecast period. In addition, rapid urbanization coupled with increasing population across emerging economies such as India and China have resulted in a rising requirement for transportation activities; thereby driving industry growth across this region.
Growth Factors:
- Increasing demand for chemical cylinders from the end-use industries such as oil & gas, chemicals, and pharmaceuticals
- Growing investments in the petrochemical sector across the globe
- Rising demand for compressed natural gas (CNG) as a fuel source
- Proliferation of stringent environmental regulations governing emissions and waste disposal
- Technological advancements that have led to the development of more energy-efficient and safer chemical cylinders
Scope Of The Report
Report Attributes
Report Details
Report Title
Chemical Cylinders Market Research Report
By Type
Gas Cylinders, Liquid Cylinders
By Application
Transportation, Factory, Lab
By Companies
Illing Company, Inc., All Metals & Forge Group, LLC, AquaPhoenix Scientific, Chart Industries, ENFLO Canada, Air Products and Chemicals, Inc., Faber Industrie
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Chemical Cylinders Market Report Segments:
The global Chemical Cylinders market is segmented on the basis of:
Types
Gas Cylinders, Liquid 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
Transportation, Factory, Lab
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:
- Illing Company, Inc.
- All Metals & Forge Group, LLC
- AquaPhoenix Scientific
- Chart Industries
- ENFLO Canada
- Air Products and Chemicals, Inc.
- Faber Industrie
Highlights of The Chemical 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:
- Gas Cylinders
- Liquid Cylinders
- By Application:
- Transportation
- Factory
- Lab
- 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 Chemical 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?
Chemical cylinders are containers made of metal or plastic that hold a variety of chemicals. They are used in laboratories and factories to store liquids, solids, and gases.
Some of the key players operating in the chemical cylinders market are Illing Company, Inc., All Metals & Forge Group, LLC, AquaPhoenix Scientific, Chart Industries, ENFLO Canada, Air Products and Chemicals, Inc., Faber Industrie.
The chemical 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 Chemical 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 Chemical Cylinders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chemical 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 Chemical 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 Chemical Cylinders Market Size & Forecast, 2020-2028
4.5.1 Chemical Cylinders Market Size and Y-o-Y Growth
4.5.2 Chemical 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 Gas Cylinders
5.2.2 Liquid 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 Transportation
6.2.2 Factory
6.2.3 Lab
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chemical 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 Chemical 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 Gas Cylinders
9.6.2 Liquid 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 Transportation
9.10.2 Factory
9.10.3 Lab
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 Gas Cylinders
10.6.2 Liquid 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 Transportation
10.10.2 Factory
10.10.3 Lab
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 Gas Cylinders
11.6.2 Liquid 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 Transportation
11.10.2 Factory
11.10.3 Lab
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 Gas Cylinders
12.6.2 Liquid 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 Transportation
12.10.2 Factory
12.10.3 Lab
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 Gas Cylinders
13.6.2 Liquid 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 Transportation
13.10.2 Factory
13.10.3 Lab
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 Chemical Cylinders Market: Competitive Dashboard
14.2 Global Chemical Cylinders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Illing Company, Inc.
14.3.2 All Metals & Forge Group, LLC
14.3.3 AquaPhoenix Scientific
14.3.4 Chart Industries
14.3.5 ENFLO Canada
14.3.6 Air Products and Chemicals, Inc.
14.3.7 Faber Industrie
