Market Overview:
The global liquefied petroleum 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 liquefied petroleum gas cylinders from various end-use industries, such as automotive, kitchen and domestic use, and others. Steel cylinders are the most commonly used type of liquefied petroleum gas cylinders in the market. However, composite cylinders are witnessing high growth due to their advantages over steel cylinders in terms of weight and corrosion resistance. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to rising demand for liquefied petroleum gas in countries such as China and India.
Product Definition:
A liquefied petroleum gas cylinder is a container that stores liquefied petroleum gas. It is important because it allows people to store and use liquefied petroleum gas safely and efficiently.
Steel Cylinders:
Steel cylinders are used in the manufacturing of LPG cylinders. They are manufactured using various raw materials such as carbon steel, alloy steel and stainless steel among others. The finished product consists of a seamless cylinder with a diameter between 47mm to 70mm and length between 500mm to 1,000mm.
Composite Cylinders:
Composite cylinders are made up of multiple layers of different materials. The outer layer is usually a polymer resin like polyester or epoxy, which gives the cylinder its strength and durability along with resistance to corrosion. The second and third layers make up the bulk of the cylinder, these are made from high-performance materials like aramid fibers or carbon fiber for increased strength and rigidity.
Application Insights:
The global LPG cylinder market is segmented by application into kitchen and domestic use, automotive use, others and industrial applications. The kitchen and domestic use segment accounted for the largest share in 2017 owing to rising demand for natural gas as a fuel in homes. This has resulted in an increased number of registered users of liquefied petroleum gas across households globally.
The automotive application segment is expected to witness significant growth over the forecast period owing to increasing adoption of LPG as a fuel by automobiles worldwide. Growing awareness regarding environment preservation coupled with stringent government regulations on reducing harmful exhaust emissions from vehicles are expected to drive the demand for LPG cylinders over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% from 2018 to 2030 owing to increasing industrialization and rapid urbanization in emerging economies such as China, India, Indonesia, Malaysia and Thailand. The growing construction industry coupled with automotive production in the region will drive market growth over the forecast period.
The Asia Pacific was followed by Europe which accounted for 24% of global revenue share in 2017 owing to high demand for LPG cylinders used for cooking purposes along with domestic applications across several countries including Russia, France Belgium and Italy among others. North America emerged as another significant regional market accounting for 18% of global volume share in 2017 on account of high consumption levels associated cooking gas cylinders used at homes along with other end-use industries such as automotive use where they are utilized as fuel sources instead of conventional fuels like diesel or gasoline resulting into higher demand over the past few years. However recent trends indicate that U.S.
Growth Factors:
- Increasing demand for liquefied petroleum gas (LPG) in developing countries for residential and commercial applications is expected to drive the growth of the LPG cylinder market during the forecast period.
- The increasing use of LPG as a fuel for cooking is another major factor that is expected to propel the growth of this market in the near future.
- Growing awareness about environment-friendly and energy-efficient cooking fuels is also projected to boost demand for LPG cylinders over the next few years.
- Rapid urbanization and industrialization in emerging economies are also anticipated to create lucrative opportunities for players operating in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquefied Petroleum Gas Cylinder Market Research Report
By Type
Steel Cylinders, Composite Cylinders, Others,
By Application
Kitchen and Domestic Use, Automotive Use, Others,
By Companies
Worthington Industries, Huanri, Hebei Baigong, Sahamitr Pressure Container, Mauria Udyog, Manchester Tank, Aygaz, Jiangsu Minsheng, Butagaz, Bhiwadi Cylinders, EVAS, Hexagon Ragasco, Faber Industrie, Gaz Liquid Industrie (GLI), MetalMate, VÃTKOVICE, Luxfer Gas Cylinders, SAHUWALA CYLINDERS, Guangdong Yingquan, MBG, Aburi Composites, PT PRAJAMITA INTERNUSA
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Liquefied Petroleum Gas Cylinder Market Report Segments:
The global Liquefied Petroleum Gas Cylinder market is segmented on the basis of:
Types
Steel Cylinders, Composite Cylinders, 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
Kitchen and Domestic Use, Automotive Use, 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:
- Worthington Industries
- Huanri
- Hebei Baigong
- Sahamitr Pressure Container
- Mauria Udyog
- Manchester Tank
- Aygaz
- Jiangsu Minsheng
- Butagaz
- Bhiwadi Cylinders
- EVAS
- Hexagon Ragasco
- Faber Industrie
- Gaz Liquid Industrie (GLI)
- MetalMate
- VÃTKOVICE
- Luxfer Gas Cylinders
- SAHUWALA CYLINDERS
- Guangdong Yingquan
- MBG
- Aburi Composites
- PT PRAJAMITA INTERNUSA
Highlights of The Liquefied Petroleum 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:
- Steel Cylinders
- Composite Cylinders
- Others
- By Application:
- Kitchen and Domestic Use
- Automotive Use
- 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 Liquefied Petroleum 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.
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- Correctly Positioning New Products
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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?
Liquefied Petroleum Gas Cylinder is a cylinder that contains liquefied petroleum gas.
Some of the major players in the liquefied petroleum gas cylinder market are Worthington Industries, Huanri, Hebei Baigong, Sahamitr Pressure Container, Mauria Udyog, Manchester Tank, Aygaz, Jiangsu Minsheng, Butagaz, Bhiwadi Cylinders, EVAS, Hexagon Ragasco, Faber Industrie, Gaz Liquid Industrie (GLI), MetalMate, VƒÂTKOVICE, Luxfer Gas Cylinders, SAHUWALA CYLINDERS, Guangdong Yingquan, MBG, Aburi Composites, PT PRAJAMITA INTERNUSA.
The liquefied petroleum gas cylinder market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Liquefied Petroleum Gas Cylinder Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Liquefied Petroleum Gas Cylinder Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Liquefied Petroleum Gas Cylinder Market - Supply Chain
4.5. Global Liquefied Petroleum Gas Cylinder Market Forecast
4.5.1. Liquefied Petroleum Gas Cylinder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Liquefied Petroleum Gas Cylinder Market Size (000 Units) and Y-o-Y Growth
4.5.3. Liquefied Petroleum Gas Cylinder Market Absolute $ Opportunity
5. Global Liquefied Petroleum Gas Cylinder Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Type
5.3.1. Steel Cylinders
5.3.2. Composite Cylinders
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Liquefied Petroleum Gas Cylinder Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Application
6.3.1. Kitchen and Domestic Use
6.3.2. Automotive Use
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Liquefied Petroleum Gas Cylinder Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Liquefied Petroleum Gas Cylinder Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Liquefied Petroleum Gas Cylinder Demand Share Forecast, 2019-2026
9. North America Liquefied Petroleum Gas Cylinder Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Application
9.4.1. Kitchen and Domestic Use
9.4.2. Automotive Use
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Type
9.7.1. Steel Cylinders
9.7.2. Composite Cylinders
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Liquefied Petroleum Gas Cylinder Demand Share Forecast, 2019-2026
10. Latin America Liquefied Petroleum Gas Cylinder Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Application
10.4.1. Kitchen and Domestic Use
10.4.2. Automotive Use
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Type
10.7.1. Steel Cylinders
10.7.2. Composite Cylinders
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Liquefied Petroleum Gas Cylinder Demand Share Forecast, 2019-2026
11. Europe Liquefied Petroleum Gas Cylinder Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Application
11.4.1. Kitchen and Domestic Use
11.4.2. Automotive Use
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Type
11.7.1. Steel Cylinders
11.7.2. Composite Cylinders
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Liquefied Petroleum Gas Cylinder Demand Share, 2019-2026
12. Asia Pacific Liquefied Petroleum Gas Cylinder Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Application
12.4.1. Kitchen and Domestic Use
12.4.2. Automotive Use
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Type
12.7.1. Steel Cylinders
12.7.2. Composite Cylinders
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Liquefied Petroleum Gas Cylinder Demand Share, 2019-2026
13. Middle East & Africa Liquefied Petroleum Gas Cylinder Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Liquefied Petroleum Gas Cylinder Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Application
13.4.1. Kitchen and Domestic Use
13.4.2. Automotive Use
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Liquefied Petroleum Gas Cylinder Market Size and Volume Forecast by Type
13.7.1. Steel Cylinders
13.7.2. Composite Cylinders
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Liquefied Petroleum Gas Cylinder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Liquefied Petroleum Gas Cylinder Market: Market Share Analysis
14.2. Liquefied Petroleum Gas Cylinder Distributors and Customers
14.3. Liquefied Petroleum Gas Cylinder Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Worthington Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Huanri
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hebei Baigong
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sahamitr Pressure Container
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mauria Udyog
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Manchester Tank
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aygaz
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Jiangsu Minsheng
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Butagaz
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bhiwadi Cylinders
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. EVAS
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hexagon Ragasco
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Faber Industrie
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Gaz Liquid Industrie (GLI)
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. MetalMate
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. VÍTKOVICE
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Luxfer Gas Cylinders
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. SAHUWALA CYLINDERS
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Guangdong Yingquan
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. MBG
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
