Global LPG Cylinder Market Insights and Forecast to 2028

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.
Market Analysis and Insights: Global LPG Cylinder Market
Due to the COVID-19 pandemic, the global LPG Cylinder market size is estimated to be worth US$ 2454.3 million in 2022 and is forecast to a readjusted size of US$ 2999.5 million by 2028 with a CAGR of 3.4% during the review period. Fully considering the economic change by this health crisis, LPG Steel Cylinders accounting for % of the LPG Cylinder global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Kitchen and Domestic Use segment is altered to an % CAGR throughout this forecast period.
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.
In terms of production side, this report researches the LPG Cylinder capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of LPG Cylinder by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global LPG Cylinder Scope and Segment
LPG Cylinder market is segmented by Type and by Application. Players, stakeholders, and other participants in the global LPG Cylinder market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
LPG Steel Cylinders
LPG Composite Cylinders
Others
Segment by Application
Kitchen and Domestic Use
Automotive Use
Others
By Company
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
Production by Region
North America
China
Europe
Japan
Southeast Asia
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE