The Market Reports

Synopsis
The global market for LPG Cylinder was estimated to be worth US$ 2529 million in 2024 and is forecast to a readjusted size of US$ 3186 million by 2031 with a CAGR of 3.4% during the forecast period 2025-2031.
LPG Cylinders are specialized storage devices engineered for the safe containment and transportation of liquefied petroleum gas (LPG). Typically constructed from high-strength steel, these cylinders are designed to withstand high pressures and harsh environmental conditions, ensuring that LPG remains in its liquid state during both storage and transit. Their robust construction, combined with advanced safety features, makes them indispensable for domestic applications where LPG is used to fuel kitchen stoves, water heaters, and other household appliances. This versatility extends to outdoor settings as well, as LPG cylinders are widely used in caravans, camping excursions, and barbecues. Beyond residential purposes, these cylinders serve a broad spectrum of industrial and commercial needs. They are employed in sectors such as transportation, construction, and recreational activities, and are even found in specialized applications like hot air ballooning, hospitality services, agricultural operations, calefaction systems, and fishing. This wide range of applications underscores the LPG cylinder’s critical role in modern energy distribution, offering a safe and reliable means to store and deliver LPG to meet both everyday and specialized energy demands.
Globally, the LPG cylinder market is characterized by dynamic competition and diverse regional demand. Leading manufacturers such as Worthington Industries, Huanri, Hebei Baigong, Aygaz, and Manchester Tank are at the forefront of this industry, with the top five players collectively capturing about 30% of the global market share. The industry is notably segmented by product type, with LPG Steel Cylinders dominating with an approximate 85% share, reflecting industry confidence in steel for its durability and ability to maintain the structural integrity required in high-pressure environments. Market distribution is similarly varied; Europe stands as the largest market, accounting for roughly 40% of global demand. This prominence is driven by stringent safety standards and a mature energy infrastructure that favors reliable LPG storage solutions. In contrast, both China and North America hold significant positions in the market, each contributing around 20% to the global share. These regional disparities are influenced by factors such as regulatory frameworks, economic development, and consumer preferences, all of which shape the competitive landscape and drive ongoing innovation in the design and production of LPG cylinders.
Looking forward, trends in the LPG cylinder sector point to continued innovation, diversification, and an increasing emphasis on safety and environmental sustainability. Manufacturers are investing heavily in advanced production techniques and research into enhanced materials, aiming to develop cylinders that not only offer superior safety features but also reduce the environmental impact associated with their production and disposal. Technological improvements in metallurgy and engineering are expected to yield more efficient and longer-lasting LPG cylinders that cater to a broader array of applications—from traditional domestic uses such as kitchen and heating systems to emerging markets in automotive and industrial processes. As consumers and regulatory bodies alike demand higher safety standards and more sustainable energy solutions, the industry is likely to experience significant growth and transformation. This evolution will be driven by a dual focus: meeting the immediate, everyday needs of households while simultaneously addressing the complex challenges of industrial energy storage and transportation. In this rapidly changing global energy landscape, the LPG cylinder market is set to balance safety, efficiency, and environmental considerations, ensuring its continued relevance and expansion in the years to come.
This report aims to provide a comprehensive presentation of the global market for LPG Cylinder, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of LPG Cylinder by region & country, by Type, and by Application.
The LPG Cylinder market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding LPG Cylinder.
Market Segmentation
By Company
Worthington Industries
Hebei Baigong
Sahamitr Pressure Container
Mauria Udyog
Manchester Tank
Aygaz
Jiangsu Minsheng
Butagaz
Bhiwadi Cylinders
EVAS
PT PRAJAMITA INTERNUSA
Faber Industrie
Chemet
MetalMate
VÍTKOVICE
Luxfer Gas Cylinders
SAHUWALA CYLINDERS
Aburi Composites
MBG
Segment by Type
LPG Steel Cylinders
LPG Composite Cylinders
Others
Segment by Application
Home Use
Automotive Use
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of LPG Cylinder manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of LPG Cylinder in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of LPG Cylinder in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index