Market Overview:
The global LP 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 LP 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 LP gas cylinder in the market due to their high strength and durability. Composite cylinders are also gaining popularity in the market due to their lightweight properties and corrosion resistance. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to rising demand for LP gas cylinders from countries such as China and India.
Product Definition:
LP Gas Cylinder is a container that stores liquefied petroleum gas. It is used for cooking, heating and other purposes.
Steel Cylinders:
Steel cylinders are used in the manufacturing of gas cylinder. They are manufactured using various raw materials such as carbon steel, alloy steel and stainless steel among others. The basic process involved in the manufacturing of these products includes heating of metal sheets which is followed by their slow extrusion through a die to obtain desired shapes and sizes.
Composite Cylinders:
Composite cylinders are made up of multiple layers of different materials. The composite cylinder is manufactured using high-pressure laminates, which provide strength and rigidity to the product. These products are used in various industries including pharmaceutical, food & beverage, chemicals, and petroleum among others owing to their properties such as corrosion resistance and chemical inertness among others.
Application Insights:
The automotive segment accounted for a share of over 30.0% in 2017 and is expected to witness significant growth over the forecast period. The growing use of gas cylinders in automobiles as fuel reserves during road trips or long-distance travel is anticipated to drive the demand for the global LP gas cylinder market. Furthermore, increasing production of vehicles and replacement of older models with new ones is likely to propel demand from 2018 to 2030.
Kitchen and domestic use was the second largest application segment accounting for 29% share in 2017 owing to rising usage across residential applications such as cooking, boiling water, hot water generation, etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand from end-use industries, such as automotive and construction. In 2017, Asia Pacific accounted for a share of more than 50% in terms of volume consumption and this trend is projected to continue over the next eight years.
The region has witnessed an increase in industrial activities on account of rapid urbanization coupled with growing population across countries like China, India, Indonesia and Vietnam among others. This scenario is anticipated to drive up infrastructure development activities that will have a positive impact on industry growth over the coming years.
Europe was estimated as one of the largest regional markets for global LP gas cylinders owing to high consumer awareness regarding environment protection along with stringent government regulations pertaining safety standards associated with these products used in various applications including residential sector.
Growth Factors:
- Increasing demand for LP gas cylinders from the transportation and logistics sector for fuelling vehicles and cargo trucks.
- Growing popularity of LP gas cylinders as a cooking fuel in rural areas due to their easy availability and low cost as compared to other cooking fuels such as kerosene, firewood, etc.
- Rising demand for LP gas cylinders from the hospitality sector for use in kitchens and catering services.
- Increasing adoption of LP gas cylinders by industrial users for powering various types of equipment and machinery.
Scope Of The Report
Report Attributes
Report Details
Report Title
LP 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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global LP Gas Cylinder Market Report Segments:
The global LP 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 LP 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 LP 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 LP gas cylinder is a container that holds liquefied petroleum gas. It is typically made of steel, has a capacity of around 1,000 liters (264 gallons), and is fitted with a safety valve.
Some of the major companies in the lp 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 lp gas cylinder market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LP 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. LP 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. LP Gas Cylinder Market - Supply Chain
4.5. Global LP Gas Cylinder Market Forecast
4.5.1. LP Gas Cylinder Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LP Gas Cylinder Market Size (000 Units) and Y-o-Y Growth
4.5.3. LP Gas Cylinder Market Absolute $ Opportunity
5. Global LP 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. LP 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 LP 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. LP 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 LP 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. LP 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 LP 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. LP 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 LP Gas Cylinder Demand Share Forecast, 2019-2026
9. North America LP 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 LP 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 LP 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 LP 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 LP Gas Cylinder Demand Share Forecast, 2019-2026
10. Latin America LP 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 LP 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 LP 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 LP 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 LP Gas Cylinder Demand Share Forecast, 2019-2026
11. Europe LP 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 LP 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 LP 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 LP 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 Potenial 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 LP Gas Cylinder Demand Share, 2019-2026
12. Asia Pacific LP 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 LP 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 LP 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 LP 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 LP Gas Cylinder Demand Share, 2019-2026
13. Middle East & Africa LP 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 LP 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 LP 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 LP 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 LP Gas Cylinder Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LP Gas Cylinder Market: Market Share Analysis
14.2. LP Gas Cylinder Distributors and Customers
14.3. LP 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
