Market Overview:
The global LNG cylinders market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for LNG as a fuel source for various applications, such as industrial use, daily use and car use. In terms of type, the market is segmented into capacity below 300L, capacity 300L-600L and capacity above 600L. Among these segments, the capacity below 300L segment is expected to witness highest growth during the forecast period. This can be attributed to increasing demand from developing countries for small-sized LNG cylinders for domestic applications such as cooking and heating purposes. In terms of application, the market is divided into industrial use, daily use and car use segments.
Product Definition:
LNG cylinders are containers that store liquefied natural gas. LNG is a fuel that is used to generate electricity and heat. It is also used in transportation, such as buses and trucks.
Capacity Below 300L:
Capacity below 300L is the largest size of liquid natural gas cylinder in a shipping container. It’s primary function is to store LNG from large regasification terminals for further transportation by ships, trains or trucks. These cylinders are manufactured with high-quality steel and aluminum alloys which can store gas at very high pressure and temperature conditions.
Capacity 300L-600L:
Capacity 300L-600L is a range of plastic containers with high wall thickness and excellent barrier properties. It offers resistance to solvents, acids, bases and most other chemical solutions. These containers are widely used for storage of LNG cylinders in liquefied gas terminal facilities across the globe.
Application Insights:
The global demand for LNG cylinders is expected to witness a growth of 5.2% from 2017 to 2018 on account of the increasing industrial use and daily use applications. The growing automotive sector across the globe is anticipated to propel the consumption of LNG in vehicles, thereby supporting market growth over the forecast period.
The industrial segment dominated with a volume share of 59% in 2016 and was followed by daily use at 40%. The growing manufacturing sectors across various regions are projected to drive both demand and supply for this fuel over the next eight years.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of 71.0% in 2017 owing to increasing demand from industrial as well as commercial sectors. China is projected to be one of the major consumers, which will drive industry growth over the next eight years.
North America emerged as a significant consumer with U.S., Canada, and Mexico being key contributing nations owing to high industrial output coupled with growing automotive production in North America region since 2014-15 when global prices were low; thereby driving up requirement for LNG cylinders across industries including manufacturing, automotive, power generation etc.; this trend is expected to continue over the forecast period (2018-2030).
Growth Factors:
- Increasing demand for LNG as a fuel source for transportation and industrial applications
- Growing popularity of LNG as a cleaner alternative to other fossil fuels
- Proliferation of LNG infrastructure, including terminals and storage facilities
- Rising global temperatures, which are increasing demand for air conditioning and refrigeration systems that use LNG as a cooling agent
- Technological advancements that are making it easier to transport and store large quantities of liquefied natural gas
Scope Of The Report
Report Attributes
Report Details
Report Title
LNG Cylinders Market Research Report
By Type
Capacity Below 300L, Capacity 300L-600L, Capacity Above 600L
By Application
Industrial Use, Daily Use, Car Use
By Companies
Sinoma Science & Technology Co.,Ltd., Worthington Industries, Rama Cylinders, Faber Industrie, Ningbo Meike Acetylene Cylinders Co.,Ltd., Luxfer Group, Beijing Tianhai Industry Co., Ltd., Hebei Baigong Industrial Co.,Ltd., Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd., Everest Kanto Cylinders, Chart Industries
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global LNG Cylinders Market Report Segments:
The global LNG Cylinders market is segmented on the basis of:
Types
Capacity Below 300L, Capacity 300L-600L, Capacity Above 600L
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
Industrial Use, Daily Use, Car Use
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:
- Sinoma Science & Technology Co.,Ltd.
- Worthington Industries
- Rama Cylinders
- Faber Industrie
- Ningbo Meike Acetylene Cylinders Co.,Ltd.
- Luxfer Group
- Beijing Tianhai Industry Co., Ltd.
- Hebei Baigong Industrial Co.,Ltd.
- Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd.
- Everest Kanto Cylinders
- Chart Industries
Highlights of The LNG 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:
- Capacity Below 300L
- Capacity 300L-600L
- Capacity Above 600L
- By Application:
- Industrial Use
- Daily Use
- Car Use
- 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 LNG 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.
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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?
LNG cylinders are used to store natural gas.
Some of the major players in the lng cylinders market are Sinoma Science & Technology Co.,Ltd., Worthington Industries, Rama Cylinders, Faber Industrie, Ningbo Meike Acetylene Cylinders Co.,Ltd., Luxfer Group, Beijing Tianhai Industry Co., Ltd., Hebei Baigong Industrial Co.,Ltd., Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd., Everest Kanto Cylinders, Chart Industries.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LNG 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 LNG Cylinders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LNG 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 LNG 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 LNG Cylinders Market Size & Forecast, 2018-2028
4.5.1 LNG Cylinders Market Size and Y-o-Y Growth
4.5.2 LNG Cylinders Market Absolute $ Opportunity
Chapter 5 Global LNG Cylinders 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 LNG Cylinders Market Size Forecast by Type
5.2.1 Capacity Below 300L
5.2.2 Capacity 300L-600L
5.2.3 Capacity Above 600L
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LNG Cylinders 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 LNG Cylinders Market Size Forecast by Applications
6.2.1 Industrial Use
6.2.2 Daily Use
6.2.3 Car Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LNG 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 LNG 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 LNG Cylinders Analysis and Forecast
9.1 Introduction
9.2 North America LNG Cylinders 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 LNG Cylinders Market Size Forecast by Type
9.6.1 Capacity Below 300L
9.6.2 Capacity 300L-600L
9.6.3 Capacity Above 600L
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 LNG Cylinders Market Size Forecast by Applications
9.10.1 Industrial Use
9.10.2 Daily Use
9.10.3 Car Use
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 LNG Cylinders Analysis and Forecast
10.1 Introduction
10.2 Europe LNG Cylinders 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 LNG Cylinders Market Size Forecast by Type
10.6.1 Capacity Below 300L
10.6.2 Capacity 300L-600L
10.6.3 Capacity Above 600L
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 LNG Cylinders Market Size Forecast by Applications
10.10.1 Industrial Use
10.10.2 Daily Use
10.10.3 Car Use
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 LNG Cylinders Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LNG Cylinders 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 LNG Cylinders Market Size Forecast by Type
11.6.1 Capacity Below 300L
11.6.2 Capacity 300L-600L
11.6.3 Capacity Above 600L
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 LNG Cylinders Market Size Forecast by Applications
11.10.1 Industrial Use
11.10.2 Daily Use
11.10.3 Car Use
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 LNG Cylinders Analysis and Forecast
12.1 Introduction
12.2 Latin America LNG Cylinders 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 LNG Cylinders Market Size Forecast by Type
12.6.1 Capacity Below 300L
12.6.2 Capacity 300L-600L
12.6.3 Capacity Above 600L
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 LNG Cylinders Market Size Forecast by Applications
12.10.1 Industrial Use
12.10.2 Daily Use
12.10.3 Car Use
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) LNG Cylinders Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LNG Cylinders 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) LNG Cylinders Market Size Forecast by Type
13.6.1 Capacity Below 300L
13.6.2 Capacity 300L-600L
13.6.3 Capacity Above 600L
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) LNG Cylinders Market Size Forecast by Applications
13.10.1 Industrial Use
13.10.2 Daily Use
13.10.3 Car Use
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 LNG Cylinders Market: Competitive Dashboard
14.2 Global LNG Cylinders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sinoma Science & Technology Co.,Ltd.
14.3.2 Worthington Industries
14.3.3 Rama Cylinders
14.3.4 Faber Industrie
14.3.5 Ningbo Meike Acetylene Cylinders Co.,Ltd.
14.3.6 Luxfer Group
14.3.7 Beijing Tianhai Industry Co., Ltd.
14.3.8 Hebei Baigong Industrial Co.,Ltd.
14.3.9 Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd.
14.3.10 Everest Kanto Cylinders
14.3.11 Chart Industries
