Global LPG Cylinder Market Growth 2023-2029

Global LPG Cylinder Market Growth 2023-2029

Product Code:458425

Published Date: Feb 08,2023

Pages: 126

Region: Global

Category: Energy & Power

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LPG Cylinder is a storage device that designed for the storing and transporting of liquefied petroleum gas. LPG cylinder has a huge variety of uses, most significantly domestic use. It is suitable for both indoor and outdoor use, including caravans, camping and barbecues. Moreover, it is employed across many different sectors such as transportation, hot air balloons, construction, recreation, hospitality, agricultural, calefaction and fishing.

LPI (LP Information)' newest research report, the “LPG Cylinder Industry Forecast” looks at past sales and reviews total world LPG Cylinder sales in 2022, providing a comprehensive analysis by region and market sector of projected LPG Cylinder sales for 2023 through 2029. With LPG Cylinder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LPG Cylinder industry.

This Insight Report provides a comprehensive analysis of the global LPG Cylinder landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LPG Cylinder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LPG Cylinder market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LPG Cylinder and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LPG Cylinder.

The global LPG Cylinder market size is projected to grow from US$ 2315.5 million in 2022 to US$ 2951.4 million in 2029; it is expected to grow at a CAGR of 2951.4 from 2023 to 2029.

Global LPG Cylinder key players include Worthington Industries, Huanri, Hebei Baigong, Aygaz, Manchester Tank, etc. Global top five manufacturers hold a share about 30%. Europe is the largest market, with a share about 40%, followed by China and North America, both with a share about 20 percent. In terms of product, LPG Steel Cylinders is the largest segment, with a share about 85%. And in terms of application, the largest application is Kitchen and Domestic Use, followed by Automotive Use, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of LPG Cylinder market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    LPG Steel Cylinders
    LPG Composite Cylinders
    Others

Segmentation by application
    Kitchen and Domestic Use
    Automotive Use
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Worthington Industries
    Hebei Baigong
    Sahamitr Pressure Container
    Mauria Udyog
    Manchester Tank
    Aygaz
    Jiangsu Minsheng
    Butagaz
    Bhiwadi Cylinders
    EVAS
    Hexagon Ragasco
    Faber Industrie
    Chemet
    MetalMate
    VÍTKOVICE
    Luxfer Gas Cylinders
    SAHUWALA CYLINDERS
    Guangdong Yingquan
    MBG
    Aburi Composites
    PT PRAJAMITA INTERNUSA

Key Questions Addressed in this Report
What is the 10-year outlook for the global LPG Cylinder market?
What factors are driving LPG Cylinder market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do LPG Cylinder market opportunities vary by end market size?
How does LPG Cylinder break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?