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

By Material;

Steel and Aluminum.

By Size;

4 Kg- 15 Kg, 16 Kg-25 Kg, 25 Kg-50 Kg, and More than 50 Kg.

By End-Use;

Domestic, Commercial, and Industrial.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn029436509 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Lpg Cylinder Manufacturing Market (USD Million), 2021 - 2031

In the year 2024, the Global Lpg Cylinder Manufacturing Market was valued at USD 4,279.34 million. The size of this market is expected to increase to USD 5,555.95 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.8%.

The global LPG cylinder manufacturing market is witnessing steady growth, driven by the increasing demand for liquefied petroleum gas (LPG) cylinders across various end-use industries. LPG cylinders are widely used for storing and transporting liquefied petroleum gas, which is used for cooking, heating, and industrial applications. The market is experiencing significant traction due to the rising adoption of LPG as a clean and efficient cooking fuel, especially in rural and urban areas with limited access to traditional energy sources. Additionally, government initiatives aimed at promoting clean energy and improving energy access are further fueling market growth.

This report provides a comprehensive analysis of the global LPG cylinder manufacturing market, covering various segments such as end-use, size, material, and geography. It offers in-depth insights, including revenue analysis for both historic and forecast periods, for all market segments. The analysis for every market segment is substantiated with relevant data points and insights generated from the analysis of these data points, including data trends and patterns. This detailed examination enables stakeholders to understand the market dynamics, identify growth opportunities, and make informed business decisions in the global LPG cylinder manufacturing market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Material
    2. Market Snapshot, By Size
    3. Market Snapshot, By End-Use
    4. Market Snapshot, By Region
  4. Global Lpg Cylinder Manufacturing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing LPG Consumption
        2. Growing Residential Demand
        3. Rising Adoption Rate
        4. Expansion of Distribution Network
        5. Government Initiatives Support
      2. Restraints
        1. Fluctuating LPG Prices
        2. Regulatory Challenges Worldwide
        3. Intense Market Competition
        4. Safety Concerns and Regulations
        5. Infrastructure Limitations
      3. Opportunities
        1. Emerging Economies Growth
        2. Increasing LPG Accessibility
        3. Product Innovation Scope
        4. Growing Retail Networks
        5. Rising Energy Demand
    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. Competitive Rivalry
  5. Market Segmentation
    1. Global Lpg Cylinder Manufacturing Market, By Material, 2023 - 2033 (USD Million)
      1. Steel
      2. Aluminum
    2. Global Lpg Cylinder Manufacturing Market, By Size, 2023 - 2033 (USD Million)
      1. 4 Kg- 15 Kg
      2. 16 Kg-25 Kg
      3. 25 Kg-50 Kg
      4. More than 50 Kg
    3. Global Lpg Cylinder Manufacturing Market, By End-Use, 2023 - 2033 (USD Million)
      1. Domestic
      2. Commercial
      3. industrial
    4. Global Lpg Cylinder Manufacturing Market, By Geography, 2023 - 2033 (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. Worthington Industries
      2. Manchester Tank & Equipment Co.
      3. Luxfer Gas Cylinders
      4. Hexagon Composites
      5. Time Technoplast Ltd.
      6. Aygaz A.Ş.
      7. Butagaz (Rubis Group)
      8. Sahamitr Pressure Container PLC (SMPC)
      9. Faber Industrie S.p.A.
      10. VÍTKOVICE CYLINDERS a.s.
      11. Hindustan Petroleum Corporation Limited (HPCL)
      12. Bharat Petroleum Corporation Limited (BPCL)
      13. Indian Oil Corporation Limited (IOCL)
      14. Mauria Udyog Limited
      15. Shandong Huanri Group Co., Ltd.
      16. Guangzhou LPG Gas Cylinder Co., Ltd.
      17. Aburi Composites Ltd.
  7. Analyst Views
  8. Future Outlook of the Market