Market Overview:
The global high-pressure gas cylinder 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 technical gases, acetylene, and CNG in various applications across different regions. In terms of type, the stainless steel segment is expected to hold a major share of the global high-pressure gas cylinder market during the forecast period. This can be attributed to its properties such as corrosion resistance and durability.
Product Definition:
A high-pressure gas cylinder is a container used to store high-pressure gases. These cylinders are typically made of steel and have a regulator to control the release of gas. High-pressure gas cylinders are often used in industrial and medical applications, where they can provide a safe way to store and transport gases.
Stainless Steel:
Stainless steel is a type of metal that has high corrosion resistance and strong magnetic, electrical, and optical properties. It is also known as ferritic or grey iron because of it's mixture with small amounts of carbon. It's typical composition includes 18% chromium, 8% nickel, 7% magnesium, 6% iron and 56 % silicon.
Aluminum:
Aluminum is a metal that is obtained from the mineral bauxite. Bauxite contains aluminum along with other minerals like potassium, iron, and magnesium. The most common way to obtain aluminum is by smelting (treatment) of the bauxite.
Application Insights:
Technical gases led the global high-pressure gas cylinder market and accounted for more than 45.0% share of the overall revenue in 2017. The segment is expected to witness significant growth over the forecast period owing to increasing demand for HVAC systems, industrial applications, welding equipment and other processes that require technical gases such as hydrogen, nitrogen and carbon dioxide.
The medical gas application segment is also projected to witness considerable growth over the next eight years due to its rising use in hospitals across developing countries including China India Indonesia Malaysia Philippines Thailand Vietnam Brazil Argentina Colombia Chile Russia Saudi Arabia UAE etc. In addition, it finds numerous applications in anesthesia delivery such as nitrous oxide (laughing gas) usage during dental treatments sedation of patients undergoing surgery pain management with marijuana-like effects without causing drowsiness or memory loss used for surgeries dentistry drug discovery neurobiology animal training etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing industrialization and rapid urbanization in emerging economies such as China, India, and Indonesia. Furthermore, growing demand for high-pressure gas cylinders for use in industries such as oil & gas, mining, food & beverage processing is anticipated to drive the market growth over the forecast period.
Europe was estimated at USD X million in 2017 and is projected to grow at a significant rate over the forecast period owing to stringent government regulations regarding carbon emissions coupled with increasing environmental awareness among consumers pertaining majorly towards fuel consumption by vehicles. Increasing number of manufacturers along with technological advancements are expected favorably impact industry growth over next eight years.
North America accounted for 24% of global revenue share in 2017 on account of presence of numerous end users along with high disposable income especially among middle class population groupings that have been driving demand across technical gases.
Growth Factors:
- Increasing demand for high-pressure gas cylinders from the oil & gas and chemical industries
- Growing popularity of compressed natural gas (CNG) as a fuel source for vehicles
- Proliferation of portable high-pressure gas cylinders for personal use
- Rising demand for helium in various industrial and medical applications
- Technological advancements that improve the efficiency and safety of high-pressure gas cylinders
Scope Of The Report
Report Attributes
Report Details
Report Title
High-Pressure Gas Cylinder Market Research Report
By Type
Stainless Steel, Aluminum, Others
By Application
Technical Gases, Acetylene, CNG, Medical Gas, Others
By Companies
Tenaris, Air Liquide, Norris, Faber, Norris Cylinder, Catalina Cylinders, Luxfer, AL-CAN EXPORTS, VÍTKOVICE, Maruti Koatsu Cylinders, Tenaris, Everest Kanto Cylinder, Sharpsville Container
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
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global High-Pressure Gas Cylinder Market Report Segments:
The global High-Pressure Gas Cylinder market is segmented on the basis of:
Types
Stainless Steel, Aluminum, Others
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
Technical Gases, Acetylene, CNG, Medical Gas, Others
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:
- Tenaris
- Air Liquide
- Norris
- Faber
- Norris Cylinder
- Catalina Cylinders
- Luxfer
- AL-CAN EXPORTS
- VÍTKOVICE
- Maruti Koatsu Cylinders
- Tenaris
- Everest Kanto Cylinder
- Sharpsville Container
Highlights of The High-Pressure Gas Cylinder 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:
- Stainless Steel
- Aluminum
- Others
- By Application:
- Technical Gases
- Acetylene
- CNG
- Medical Gas
- Others
- 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 High-Pressure Gas Cylinder 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?
A high-pressure gas cylinder is a container that stores pressurized gas. The pressure in the cylinder can be as high as 10,000 psi (700 bar).
Some of the major players in the high-pressure gas cylinder market are Tenaris, Air Liquide, Norris, Faber, Norris Cylinder, Catalina Cylinders, Luxfer, AL-CAN EXPORTS, VTKOVICE, Maruti Koatsu Cylinders, Tenaris, Everest Kanto Cylinder, Sharpsville Container.
The high-pressure gas cylinder 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 High-Pressure Gas Cylinder 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 High-Pressure Gas Cylinder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High-Pressure Gas Cylinder 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 High-Pressure Gas Cylinder 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 High-Pressure Gas Cylinder Market Size & Forecast, 2018-2028
4.5.1 High-Pressure Gas Cylinder Market Size and Y-o-Y Growth
4.5.2 High-Pressure Gas Cylinder Market Absolute $ Opportunity
Chapter 5 Global High-Pressure Gas Cylinder 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 High-Pressure Gas Cylinder Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Aluminum
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High-Pressure Gas Cylinder 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 High-Pressure Gas Cylinder Market Size Forecast by Applications
6.2.1 Technical Gases
6.2.2 Acetylene
6.2.3 CNG
6.2.4 Medical Gas
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High-Pressure Gas Cylinder 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 High-Pressure Gas Cylinder 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 High-Pressure Gas Cylinder Analysis and Forecast
9.1 Introduction
9.2 North America High-Pressure Gas Cylinder 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 High-Pressure Gas Cylinder Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Aluminum
9.6.3 Others
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 High-Pressure Gas Cylinder Market Size Forecast by Applications
9.10.1 Technical Gases
9.10.2 Acetylene
9.10.3 CNG
9.10.4 Medical Gas
9.10.5 Others
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 High-Pressure Gas Cylinder Analysis and Forecast
10.1 Introduction
10.2 Europe High-Pressure Gas Cylinder 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 High-Pressure Gas Cylinder Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Aluminum
10.6.3 Others
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 High-Pressure Gas Cylinder Market Size Forecast by Applications
10.10.1 Technical Gases
10.10.2 Acetylene
10.10.3 CNG
10.10.4 Medical Gas
10.10.5 Others
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 High-Pressure Gas Cylinder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High-Pressure Gas Cylinder 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 High-Pressure Gas Cylinder Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Aluminum
11.6.3 Others
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 High-Pressure Gas Cylinder Market Size Forecast by Applications
11.10.1 Technical Gases
11.10.2 Acetylene
11.10.3 CNG
11.10.4 Medical Gas
11.10.5 Others
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 High-Pressure Gas Cylinder Analysis and Forecast
12.1 Introduction
12.2 Latin America High-Pressure Gas Cylinder 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 High-Pressure Gas Cylinder Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Aluminum
12.6.3 Others
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 High-Pressure Gas Cylinder Market Size Forecast by Applications
12.10.1 Technical Gases
12.10.2 Acetylene
12.10.3 CNG
12.10.4 Medical Gas
12.10.5 Others
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) High-Pressure Gas Cylinder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High-Pressure Gas Cylinder 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) High-Pressure Gas Cylinder Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Aluminum
13.6.3 Others
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) High-Pressure Gas Cylinder Market Size Forecast by Applications
13.10.1 Technical Gases
13.10.2 Acetylene
13.10.3 CNG
13.10.4 Medical Gas
13.10.5 Others
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 High-Pressure Gas Cylinder Market: Competitive Dashboard
14.2 Global High-Pressure Gas Cylinder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tenaris
14.3.2 Air Liquide
14.3.3 Norris
14.3.4 Faber
14.3.5 Norris Cylinder
14.3.6 Catalina Cylinders
14.3.7 Luxfer
14.3.8 AL-CAN EXPORTS
14.3.9 VÍTKOVICE
14.3.10 Maruti Koatsu Cylinders
14.3.11 Tenaris
14.3.12 Everest Kanto Cylinder
14.3.13 Sharpsville Container
