Global Gas Cylinder Market Size, Share, And Business Benefits By Material (Steel, Aluminium, Composites (Glass Fiber, Carbon Fiber, Aramid Fiber, Others), Others), By Capacity (Less than 10 Kg, 10 to 50 Kg, 50 to 100 Kg, Above 100 Kg), By Application (Liquefied Gases, Non-liquefied Gases, Dissolved Gases), By End-use (Industrial (Food and Beverages, Chemical and Petrochemicals, Healthcare, Oil and Gas, Metal and Mining, Water Treatment, Others), Transportation (Automotive, Aerospace, Marine, Others), Residential, Commercial), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2025-2034

Report Overview

Global Gas Cylinder Market is expected to be worth around USD 12.4 billion by 2034, up from USD 7.6 billion in 2024, and grow at a CAGR of 5.0% from 2025 to 2034. Strong presence in Asia-Pacific, holding 46.4% of the Gas Cylinder Market.

A gas cylinder is a specially designed container that safely stores compressed gases like liquefied petroleum gas (LPG), oxygen, or nitrogen for various uses, including cooking, medical, industrial, and energy purposes. It is built to withstand high internal pressure and ensure safe handling and transportation. Cylinders come in different sizes depending on the gas type and usage, helping both households and industries operate safely and efficiently.

The gas cylinder market is witnessing steady growth as more countries promote clean cooking and industrial energy solutions. The market is expanding because governments are introducing strong subsidy programs to boost gas accessibility. For instance, Peru’s targeted cash transfer program provided S/25 (around US$6.68) monthly to households for buying LPG cylinders, costing S/. 1.36 billion (around US$405 million) by October 2022.

Government policies have played a major role in boosting gas cylinder demand. In 2022, a large LPG subsidy scheme distributed 60,000 six-kilo cylinders and exempted cooking LPG from VAT in 2023. Similarly, India’s Pradhan Mantri Ujjwala Yojana (PMUY) provided over 9 crore (90 million) beneficiaries with a ₹200 subsidy per 14.2 kg cylinder for up to 12 refills yearly. In 2024, the subsidy was further increased to ₹300 per cylinder, encouraging more rural households to adopt LPG over traditional fuels.

There is a significant growth opportunity for the gas cylinder market as countries focus more on cleaner, safer energy solutions. India’s LPG consumption alone jumped over 84%, from 15.3 million tonnes (2011–12) to 28.3 million tonnes (2021–22), showing how effective supportive policies are in driving adoption. Future programs promoting LPG usage in developing regions could create even stronger market opportunities.

Key Takeaways

• Global Gas Cylinder Market is expected to be worth around USD 12.4 billion by 2034, up from USD 7.6 billion in 2024, and grow at a CAGR of 5.0% from 2025 to 2034.
• Steel holds a dominant position in the gas cylinder market, capturing a strong 64.5% share.
• Cylinders with a 10 to 50 Kg capacity account for about 37.1% market share today.
• Liquefied gases lead the application segment in the gas cylinder market with a 52.4% share.
• Industrial end-use captures 42.2% of the total gas cylinder market, driven by rising manufacturing and energy needs.
• Rapid industrial growth in Asia-Pacific fuels demand, reaching a USD 3.5 billion market value.

By Material Analysis

Steel dominates the gas cylinder market with a 64.5% market share.

In 2024, Steel held a dominant market position in the “By Material” segment of the Gas Cylinder Market, capturing a significant 64.5% share. This considerable market dominance reflects the material’s pivotal role due to its durability, cost-effectiveness, and robustness, which are essential for ensuring safety and efficiency in gas storage and transportation.

Steel’s predominance in the market is further underscored by its widespread use across various industries, including medical, industrial, and domestic sectors, where high-pressure resistance and resilience to volatile chemicals are crucial.

The preference for steel cylinders can be attributed to their ability to withstand high pressures and temperatures, making them an indispensable choice for critical applications like compressed natural gas (CNG) and medical gases. Additionally, steel’s recyclability aligns with increasing regulatory and environmental demands, promoting sustainability within the sector.

Despite the challenges posed by alternative materials such as composites, which offer advantages like reduced weight and enhanced corrosion resistance, steel continues to be the material of choice. Its market leadership is maintained by ongoing innovations aimed at improving the material’s performance and cost-efficiency, thus ensuring its continued preference in the gas cylinder market.

By Capacity Analysis

Cylinders sized 10 to 50 Kg capture 37.1% total market demand.

In 2024, the 10 to 50 Kg capacity range held a dominant market position in the “By Capacity” segment of the Gas Cylinder Market, securing a 37.1% share. This segment’s prominence is primarily due to its versatility and wide application scope across both commercial and residential settings.

Cylinders of this size are large enough to hold a substantial gas volume yet small enough for easy handling and transportation, making them ideal for industries such as hospitality, healthcare, and domestic cooking, where portability is a valued attribute.

The preference for this capacity range can also be attributed to the optimal balance it offers between volume capacity and physical manageability. This size range meets the needs of a broad customer base, providing enough gas for substantial use without the logistical challenges posed by larger cylinders.

As industries and consumers increasingly prioritize efficiency alongside safety, the demand for 10 to 50 Kg cylinders is expected to remain strong. Manufacturers cater to this demand by offering cylinders that are durable, compliant with safety standards, and suited to a variety of gas types, reinforcing the sustained preference for this segment in the market.

By Application Analysis

Liquefied gases hold the lead in applications, covering 52.4% overall share.

In 2024, Liquefied Gases held a dominant market position in the “By Application” segment of the Gas Cylinder Market, commanding a 52.4% share. This substantial market share underscores the critical role liquefied gases play across various industries, including medical, industrial manufacturing, and refrigeration.

The high demand for liquefied gases such as oxygen, nitrogen, and carbon dioxide, which are essential in processes ranging from healthcare to food preservation, significantly drives the need for specialized gas cylinders designed to safely store and transport these volatile substances.

The dominance of liquefied gases in the application segment is also propelled by the growing sectors of clean energy and healthcare, where gases like helium and argon are indispensable. In addition, the expansion of the global food industry, which relies heavily on carbon dioxide and nitrogen for food processing and packaging, further bolsters this segment’s market position.

Safety standards and technological advancements in cylinder manufacturing, such as the development of lightweight composite cylinders, have enhanced the efficiency and safety of transporting and storing liquefied gases, contributing to the segment’s growth.

By End-use Analysis

Industrial use accounts for 42.2% of the gas cylinder market consumption worldwide.

In 2024, the Industrial sector held a dominant market position in the “By End-use” segment of the gas cylinder market, with a 42.2% share. This leadership is largely attributed to the extensive use of gas cylinders across a myriad of industrial applications, including manufacturing, metal fabrication, and chemical processing. Industrial operations rely heavily on various gases for processes such as welding, cutting, and chemical synthesis, which drives the demand for robust and reliable gas cylinders.

The sector’s dominance is further bolstered by the ongoing industrialization in emerging economies, where the expansion of manufacturing capabilities and infrastructure development projects is in full swing. These activities necessitate a steady supply of industrial gases, thereby sustaining high demand for gas cylinders. Moreover, the push towards energy efficiency and stricter environmental regulations has led industries to adopt more gas-based technologies, which inherently require the use of gas cylinders.

Safety concerns and technological advancements in cylinder design, such as the integration of smart monitoring systems for gas levels and leak detection, also play a crucial role in maintaining the high adoption rate of gas cylinders in industrial applications, ensuring continued growth and dominance of this segment in the market.

Key Market Segments

By Material

• Steel
• Aluminium
• Composites
  • Glass Fiber
  • Carbon Fiber
  • Aramid Fiber
  • Others
• Others

By Capacity

• Less than 10 Kg
• 10 to 50 Kg
• 50 to 100 Kg
• Above 100 Kg

By Application

• Liquefied Gases
• Non-liquefied Gases
• Dissolved Gases

By End-use

• Industrial
  • Food and Beverages
  • Chemical and Petrochemicals
  • Healthcare
  • Oil and Gas
  • Metal and Mining
  • Water Treatment
  • Others
• Transportation
  • Automotive
  • Aerospace
  • Marine
  • Others
• Residential
• Commercial

Driving Factors

Increasing Industrial Activities Drive Gas Cylinder Demand

The primary driving factor for the Gas Cylinder Market is the surge in industrial activities globally. As economies expand and industrialization increases, particularly in developing countries, there is a robust demand for gases used in various sectors such as manufacturing, metalworking, and chemicals.

These gases are essential for a multitude of processes, including welding, fabrication, and refrigeration, necessitating the use of gas cylinders for safe storage and transport. Additionally, the push for more sustainable and energy-efficient production methods has led industries to adopt gas-driven technologies, further boosting the cylinder market.

Safety regulations and standards also mandate the use of certified and reliable gas cylinders, reinforcing ongoing demand. This trend is expected to continue as industrial needs grow and safety standards become even more stringent.

Restraining Factors

High Costs and Safety Concerns Limit Market

One of the most significant restraining factors in the Gas Cylinder Market is the high cost associated with robust cylinder production combined with stringent safety concerns. Manufacturing gas cylinders that meet the strict safety standards requires advanced materials and technology, which significantly increases the cost of production.

These costs are often passed on to the consumers, making gas cylinders a substantial investment, especially for small and medium enterprises. Moreover, the potential safety risks associated with handling and storing gases under high pressure add another layer of complexity. Incidents of cylinder leaks or explosions can lead to severe consequences, making safety compliance crucial but costly.

Growth Opportunity

Emerging Markets Present Significant Growth Opportunities

The Gas Cylinder Market stands to gain substantially from the economic and industrial growth in emerging markets. As nations like India, Brazil, and several in Southeast Asia undergo rapid industrialization, the demand for gas cylinders used in manufacturing, healthcare, and energy sectors is expected to increase significantly.

These regions are experiencing a surge in infrastructure projects and an expansion of manufacturing capabilities, which require extensive use of various industrial gases. Additionally, the healthcare sector in these countries is expanding, with increased needs for medical gases for patient care and surgical procedures.

This growth is complemented by relatively lenient regulatory frameworks compared to developed countries, making it easier for companies to establish and expand their operations, thus presenting a lucrative opportunity for the gas cylinder industry.

Latest Trends

Adoption of Composite Cylinders Gains Market Traction

A significant trend in the Gas Cylinder Market is the increasing adoption of composite cylinders over traditional steel or aluminum cylinders. Composite cylinders, made from materials like fiberglass and carbon fiber, offer considerable advantages, including reduced weight, enhanced safety, and greater corrosion resistance.

These features make them particularly appealing in sectors such as healthcare, diving, and firefighting, where portability and durability are crucial. Additionally, composite cylinders are better suited for containing certain gases used in specialty applications, such as high-purity gases in electronics and pharmaceutical manufacturing.

This trend is driven by ongoing technological innovations that improve the performance and reduce the costs of composite cylinders, making them a more viable option for a wider range of applications.

Regional Analysis

Asia-Pacific dominates the Gas Cylinder Market with a 46.4% share, valued at USD 3.5 billion.

The Gas Cylinder Market showcases diverse dynamics across global regions, with Asia-Pacific leading at a dominant 46.4% market share, valued at USD 3.5 billion. This region’s commanding position is primarily driven by rapid industrialization, expanding healthcare sectors, and increasing energy demands, particularly in emerging economies like China and India.

In contrast, North America and Europe present mature markets where growth is stimulated by advancements in gas cylinder technologies and stringent safety regulations that govern their usage in industrial and medical applications. North America, with its robust manufacturing and healthcare infrastructure, focuses on innovative, lightweight, and safety-enhanced gas cylinders.

Europe’s market is propelled by environmental concerns and the growing adoption of greener alternatives, leading to a rise in the use of gas cylinders for renewable energy projects.

Meanwhile, the Middle East & Africa and Latin America are witnessing gradual growth. The Middle East & Africa’s development is buoyed by the oil and gas sector, which requires substantial gas storage solutions. Latin America, though smaller in market size, is seeing increased use of gas cylinders in its burgeoning industrial and healthcare sectors, reflecting a positive outlook for future market expansion across these regions.

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of MEA

Key Players Analysis

Luxfer Gas Cylinders continues to lead with its innovative approach towards lightweight and durable cylinder designs. The company’s focus on developing composite cylinders caters to the increasing demand for safer and more efficient gas storage solutions. These advancements are particularly relevant in high-growth sectors such as healthcare and alternative energies, where Luxfer’s products offer significant safety and operational efficiencies.

Everest Kanto Cylinder Ltd., with its strong foothold in Asia and the Middle East, leverages its geographical advantage to meet the escalating demands of these rapidly industrializing regions. The company’s commitment to adhering to international quality standards and its capability to produce a wide range of cylinder sizes make it a preferred choice for industrial gases and CNG applications.

Manchester Tank, known for its broad array of products including steel and aluminum cylinders, focuses on serving North American and Australian markets. The company excels in manufacturing cylinders for a variety of applications, from consumer propane needs to industrial gas storage, ensuring a strong market presence.

Top Key Players in the Market

• 3M Company
• Hexagon Composites
• Supreme Industries Limited
• Luxfer Gas Cylinders
• Everest Kanto Cylinder Ltd.
• Manchester Tank
• Confidence Group
• Quantum Fuel Systems LLC.
• Worthington Industries
• Al Aman Gas Cylinders Manufacturing
• BINA (SHANGHAI) GAS CYLINDER CO., LTD.
• Faber Industrie
• Aygaz A.Ş
• Beijing Tianhai Industrial Co., Ltd.
• Jiangsu Minsheng Heavy Industries Co., Ltd.
• Other Key Players

Recent Developments

• In October 2024, Supreme Industries received approval from the Petroleum and Explosives Safety Organization (PESO) to manufacture and market 265-liter capacity Type-IV composite CNG cylinders. These cylinders are lighter than traditional steel ones and are intended for CNG supply through cascades. The company has set up a pilot plant with an annual capacity of 3,600 cylinders, aiming to expand further to meet growing demand.
• In December 2022, 3M declared its plan to cease all manufacturing and use of PFAS (per- and polyfluoroalkyl substances) by the end of 2025. This decision encompasses fluoropolymers and fluorinated fluids, which are materials commonly used in various industrial applications, including gas cylinders.

Report Scope