Market Overview:
The global seamless steel 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 seamless steel cylinders in various applications, such as industrial, transportation, and other applications. In terms of type, the oxygen segment is expected to hold the largest share of the global seamless steel cylinder market during the forecast period. This can be attributed to its growing demand in various end-use industries across different regions.
Product Definition:
A seamless steel cylinder is a tube of metal that has been formed without any seams or joints. These cylinders are often used for storage tanks, pressure vessels, and pipelines.
Oxygen:
Oxygen is a chemical element that was first formed in the solar furnace and is present in abundance. Oxygen makes up around 2.8% of the earth's atmosphere by weight and about 23.9% of the earth's crustal material (land masses). It is produced naturally from water vapor, which release during rain or snowfall and also as a result of plant photosynthesis; however, most of it was probably created in nuclear reactions deep within the sun.
Hydrogen:
Hydrogen is a chemical element that can be found in both gases and liquids. It is the simplest and lightest of all elements on earth. Hydrogen can be produced through several methods, the most common one being electrolysis (electricity generation).
Application Insights:
The transportation segment held the largest share of over 60.0% in 2017. The seamless steel cylinder is widely used in the transportation industry for various applications such as natural gas compressors, natural gas engines, diesel engines, gasoline engines and others. Natural gas compressors are expected to be one of the fastest-growing segments owing to increasing use in residential and commercial sectors for heating purposes as well as fuel supply for cooking equipment at home or onsite generators at construction sites and industrial facilities.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of the total revenue in 2017 owing to high product demand from various end-use industries, such as industrial, transportation, and others. China is one of the largest steel producers globally; it produced nearly 665 million tons of crude steel in 2017. Thus, growing production levels coupled with increasing infrastructure spending by domestic and foreign investors are likely to drive industry growth over the coming years.
Growth Factors:
- Increasing demand for seamless steel cylinders from the oil & gas industry as a result of increasing exploration and production activities across the globe.
- Rising demand for seamless steel cylinders from the chemical processing industry due to growth in end-user industries such as pharmaceuticals, agrochemicals, and food additives.
- Growing popularity of seamless steel cylinders in firefighting applications on account of their high strength-to-weight ratio and corrosion resistance properties.
- Increasing adoption of seamless steel cylinders in transportation applications owing to their superior performance characteristics over traditional metal tanks/cylinders used in these applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Seamless Steel Cylinder Market Research Report
By Type
Oxygen, Hydrogen, Nitrogen, Air, High Pressure Liquefied Gas, Other
By Application
Industrial, Transportation, Other
By Companies
Sinomatech, Everest Kanto Cylinders, Worthington Industries, Luxfer Group, Hexagon Composites, Beijing Tianhai Industry, Rama Cylinders, Quantum Technologies, Faber Industrie, CIMC ENRIC, Avanco Group
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Seamless Steel Cylinder Market Report Segments:
The global Seamless Steel Cylinder market is segmented on the basis of:
Types
Oxygen, Hydrogen, Nitrogen, Air, High Pressure Liquefied Gas, Other
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, Transportation, Other
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:
- Sinomatech
- Everest Kanto Cylinders
- Worthington Industries
- Luxfer Group
- Hexagon Composites
- Beijing Tianhai Industry
- Rama Cylinders
- Quantum Technologies
- Faber Industrie
- CIMC ENRIC
- Avanco Group
Highlights of The Seamless Steel 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:
- Oxygen
- Hydrogen
- Nitrogen
- Air
- High Pressure Liquefied Gas
- Other
- By Application:
- Industrial
- Transportation
- Other
- 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 Seamless Steel 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
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- Consumer Insights
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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?
Seamless steel cylinder is a type of steel pipe that has been heat treated so that the inside surface of the pipe is smooth. This makes it easier to install and maintain, as there are no sharp edges to catch on things.
Some of the major players in the seamless steel cylinder market are Sinomatech, Everest Kanto Cylinders, Worthington Industries, Luxfer Group, Hexagon Composites, Beijing Tianhai Industry, Rama Cylinders, Quantum Technologies, Faber Industrie, CIMC ENRIC, Avanco Group.
The seamless steel cylinder 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 Seamless Steel 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 Seamless Steel Cylinder Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Seamless Steel 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 Seamless Steel 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 Seamless Steel Cylinder Market Size & Forecast, 2020-2028 4.5.1 Seamless Steel Cylinder Market Size and Y-o-Y Growth 4.5.2 Seamless Steel Cylinder 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 Oxygen
5.2.2 Hydrogen
5.2.3 Nitrogen
5.2.4 Air
5.2.5 High Pressure Liquefied Gas
5.2.6 Other
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 Industrial
6.2.2 Transportation
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Seamless Steel 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 Seamless Steel 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 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 Oxygen
9.6.2 Hydrogen
9.6.3 Nitrogen
9.6.4 Air
9.6.5 High Pressure Liquefied Gas
9.6.6 Other
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 Industrial
9.10.2 Transportation
9.10.3 Other
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 Oxygen
10.6.2 Hydrogen
10.6.3 Nitrogen
10.6.4 Air
10.6.5 High Pressure Liquefied Gas
10.6.6 Other
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 Industrial
10.10.2 Transportation
10.10.3 Other
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 Oxygen
11.6.2 Hydrogen
11.6.3 Nitrogen
11.6.4 Air
11.6.5 High Pressure Liquefied Gas
11.6.6 Other
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 Industrial
11.10.2 Transportation
11.10.3 Other
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 Oxygen
12.6.2 Hydrogen
12.6.3 Nitrogen
12.6.4 Air
12.6.5 High Pressure Liquefied Gas
12.6.6 Other
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 Industrial
12.10.2 Transportation
12.10.3 Other
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 Oxygen
13.6.2 Hydrogen
13.6.3 Nitrogen
13.6.4 Air
13.6.5 High Pressure Liquefied Gas
13.6.6 Other
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 Industrial
13.10.2 Transportation
13.10.3 Other
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 Seamless Steel Cylinder Market: Competitive Dashboard
14.2 Global Seamless Steel Cylinder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sinomatech
14.3.2 Everest Kanto Cylinders
14.3.3 Worthington Industries
14.3.4 Luxfer Group
14.3.5 Hexagon Composites
14.3.6 Beijing Tianhai Industry
14.3.7 Rama Cylinders
14.3.8 Quantum Technologies
14.3.9 Faber Industrie
14.3.10 CIMC ENRIC
14.3.11 Avanco Group