Global Liquefied Petroleum Gas (Lpg) Cylinder Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Steel Cylinders, Composite Cylinders, and Aluminum Cylinders.

By Capacity;

5-10 kg, 10-20 kg, 20-50 kg, and Above 50 kg.

By Application;

Residential, Commercial, Industrial, and Transportation.

By End User;

Metal and Composite.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn841140647 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Liquefied Petroleum Gas (Lpg) Cylinder Market (USD Million), 2021 - 2031

In the year 2024, the Global Liquefied Petroleum Gas (Lpg) Cylinder Market was valued at USD 1,423.23 million. The size of this market is expected to increase to USD 1,930.34 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.5%.

The global Liquefied Petroleum Gas (LPG) cylinder market is a vital component of the energy landscape, catering to the diverse needs of residential, commercial, and industrial sectors worldwide. LPG cylinders serve as portable storage vessels for LPG, a versatile fuel widely used for cooking, heating, and powering various appliances. With LPG being a clean-burning and efficient energy source, the demand for LPG cylinders continues to grow, driven by factors such as urbanization, population growth, and increasing adoption in emerging economies. The market encompasses a wide range of cylinder sizes and materials, reflecting the varied applications and preferences of consumers across different regions.

As a crucial segment of the energy sector, the global LPG cylinder market is characterized by dynamic market dynamics and evolving consumer preferences. The market landscape is shaped by factors such as regulatory policies, technological advancements, and competitive pressures from alternative energy sources. Additionally, the COVID-19 pandemic has influenced market trends, with shifts in consumption patterns and supply chain disruptions impacting market dynamics. Despite these challenges, the market presents opportunities for innovation and growth, particularly in areas such as lightweight cylinder design, digitalization of distribution channels, and sustainable manufacturing practices.

The global LPG cylinder market is highly fragmented, with numerous manufacturers, distributors, and suppliers operating across regions. Key players in the market include multinational corporations, regional suppliers, and local manufacturers, each vying for market share through strategies such as product differentiation, pricing strategies, and geographical expansion. Moreover, partnerships and collaborations between stakeholders along the LPG value chain play a crucial role in shaping market dynamics and driving innovation. Looking ahead, the market is expected to witness continued growth, fueled by factors such as increasing energy demand, infrastructure development in emerging economies, and the transition towards cleaner energy sources.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Capacity
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Liquefied Petroleum Gas (Lpg) Cylinder Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Residential and Commercial Applications

        2. Government Initiatives and Subsidies

      2. Restraints
        1. Safety Concerns and Regulatory Compliance

        2. Fluctuating LPG Prices

      3. Opportunities
        1. Rural Market Penetration

        2. Technological Advancements

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global Liquefied Petroleum Gas (Lpg) Cylinder Market, By Product Type, 2021 - 2031 (USD Million)
      1. Steel Cylinders
      2. Composite Cylinders
      3. Aluminum Cylinders
    2. Global Liquefied Petroleum Gas (Lpg) Cylinder Market, By Capacity, 2021 - 2031 (USD Million)
      1. 5-10 kg
      2. 10-20 kg
      3. 20-50 kg
      4. Above 50 kg
    3. Global Liquefied Petroleum Gas (Lpg) Cylinder Market, By Application, 2021 - 2031 (USD Million)
      1. Residential
      2. Commercial
      3. Industrial
      4. Transportation
    4. Global Liquefied Petroleum Gas (Lpg) Cylinder Market, By End User, 2021 - 2031 (USD Million)
      1. Metal
      2. Composite
    5. Global Liquefied Petroleum Gas (Lpg) Cylinder Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Aygaz A?
      2. China Huanri Group Co. Ltd.
      3. Hebei baigong high-pressure vessel Co. Ltd.
      4. Hexagon Composites ASA
      5. Mauria Udyog Ltd.
      6. Metal Mate Co. Ltd.
      7. Sahamitr Pressure Container Plc
      8. Supreme Industries Ltd.
      9. Time Technoplast Ltd.
      10. Worthington Industries Inc
  7. Analyst Views
  8. Future Outlook of the Market