Market Overview:
The global industrial high pressure 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 high pressure cylinders in various applications such as factories, scientific research field, and others. Stainless steel high pressure cylinders are expected to dominate the global industrial high pressure cylinders market during the forecast period owing to their properties such as corrosion resistance and durability. Asia Pacific is projected to be the fastest growing region in terms of CAGR during the forecast period followed by Europe and North America respectively.
Product Definition:
Industrial high pressure cylinders are containers that hold pressurized gases. These cylinders can be used for a variety of purposes, such as powering tools or equipment, providing compressed air, or delivering fuel. They are an important part of many industrial and manufacturing processes.
Stainless Steel High Pressure Cylinders:
Stainless steel high pressure cylinders are used in the manufacturing of industrial high pressure cylinders. They are manufactured using various types of raw materials such as carbon, nickel, chromium and iron which is then heated to a temperature greater than 2300 degrees Celsius. The raw materials form a protective layer around the steel which prevents it from deforming due to extreme pressures.
Aluminum High Pressure Cylinders:
Aluminum High Pressure Cylinders (AHPC) are used in the manufacturing of industrial high pressure cylinders. AHPC is a highly-purified aluminum alloy, which contains no iron and has low carbon content. It offers several advantages over steel such as less weight, better strength, corrosion resistance and it can be machined easily than steel.
Application Insights:
The global industrial high pressure cylinders market is segmented on the basis of application into chemical, petrochemical, oil & gas and food processing industries. The chemical industry held the largest share in 2017 due to extensive usage of HPCs in various plants across China, India and Middle East countries for handling flammable liquids such as LPG and CNG. In addition, stringent regulations regarding emissions by EPA are further driving the demand for HPCs in this sector.
In terms of revenue as well as volume wise growth rate, the oil & gas industry is anticipated to witness a significant rise over the forecast period owing to increasing exploration activities globally coupled with rising need for transportation and storage facilities at drilling sites. Furthermore, rapid urbanization along with growing population has led to an increased demand for energy resources which further drives product consumption in this sector over other applications globally.
The food processing industry also holds a considerable share owing to its critical nature while handling highly pressurized fluids such as acids.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a growing number of manufacturing facilities, especially in China, India, Japan and South Korea. Growing industrialization coupled with increasing government investments for research & development activities are likely to drive high-pressure gas cylinders demand over the coming years.
Europe accounted for more than 20% of global revenue share in 2017 owing to presence of major automobile manufacturers such as Daimler AG; BMW Group; Mercedes-Benz AG; Volkswagen Group; Ford Motor Company Europe GmbH & Co., Ferrari S.p.A.; Fiat Chrysler Automobiles N.V.; Porsche Engineering GmbH & Co., Renault S.A.; Nissan Motor Corporation etc., which use high pressure gas cylinders for fuel injection applications across various automotive segments including commercial vehicles and power trains among others).
Growth Factors:
- Increasing demand for industrial high pressure cylinders from end-use industries such as oil & gas, chemicals, and automotive
- Growing investments in research and development by leading players to develop new and innovative products
- Rising popularity of lightweight high pressure cylinders among consumers owing to their easy handling and portability features
- Proliferation of online retail platforms that offer a wide range of industrial high pressure cylinders at competitive prices
- Increasing number of mergers and acquisitions among key players to expand their product portfolios
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial High Pressure Cylinders Market Research Report
By Type
Stainless Steel High Pressure Cylinders, Aluminum High Pressure Cylinders
By Application
Factory, Scientific Research Field
By Companies
Air Liquide USA, Worthington Industries, Gelest Inc., Praxair, Norris Cylinder Company, Catalina Cylinders
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
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Industrial High Pressure Cylinders Market Report Segments:
The global Industrial High Pressure Cylinders market is segmented on the basis of:
Types
Stainless Steel High Pressure Cylinders, Aluminum High Pressure 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
Factory, Scientific Research Field
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:
- Air Liquide USA
- Worthington Industries
- Gelest Inc.
- Praxair
- Norris Cylinder Company
- Catalina Cylinders
Highlights of The Industrial High Pressure 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:
- Stainless Steel High Pressure Cylinders
- Aluminum High Pressure Cylinders
- By Application:
- Factory
- Scientific Research Field
- 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 Industrial High Pressure 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?
Industrial high pressure cylinders are used in a variety of industries to store and transport products. They are made from steel or aluminum and can hold a large amount of product.
Some of the key players operating in the industrial high pressure cylinders market are Air Liquide USA, Worthington Industries, Gelest Inc., Praxair, Norris Cylinder Company, Catalina Cylinders.
The industrial high pressure cylinders market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial High Pressure 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 Industrial High Pressure Cylinders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial High Pressure 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 Industrial High Pressure 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 Industrial High Pressure Cylinders Market Size & Forecast, 2020-2028
4.5.1 Industrial High Pressure Cylinders Market Size and Y-o-Y Growth
4.5.2 Industrial High Pressure 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 Stainless Steel High Pressure Cylinders
5.2.2 Aluminum High Pressure 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 Factory
6.2.2 Scientific Research Field
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial High Pressure 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 Industrial High Pressure 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 Stainless Steel High Pressure Cylinders
9.6.2 Aluminum High Pressure 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 Factory
9.10.2 Scientific Research Field
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 Stainless Steel High Pressure Cylinders
10.6.2 Aluminum High Pressure 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 Factory
10.10.2 Scientific Research Field
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 Stainless Steel High Pressure Cylinders
11.6.2 Aluminum High Pressure 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 Factory
11.10.2 Scientific Research Field
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 Stainless Steel High Pressure Cylinders
12.6.2 Aluminum High Pressure 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 Factory
12.10.2 Scientific Research Field
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 Stainless Steel High Pressure Cylinders
13.6.2 Aluminum High Pressure 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 Factory
13.10.2 Scientific Research Field
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 Industrial High Pressure Cylinders Market: Competitive Dashboard
14.2 Global Industrial High Pressure Cylinders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Air Liquide USA
14.3.2 Worthington Industries
14.3.3 Gelest Inc.
14.3.4 Praxair
14.3.5 Norris Cylinder Company
14.3.6 Catalina Cylinders
