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).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.
Global Lpg Cylinder Manufacturing Market Recent Developments
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In January 2024, Bharat Heavy Industries (BHEL) expanded its manufacturing capacity for LPG cylinders, meeting the growing demand for clean cooking fuel in India.
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In March 2023, Jindal Stainless invested in a new facility to manufacture stainless steel LPG cylinders, offering a durable and corrosion-resistant solution for storing and transporting LPG.
Segment Analysis
This report offers a comprehensive analysis of various segments within the Global LPG Cylinder Manufacturing Market. It provides in-depth insights, including revenue analysis for both historic and forecast periods, for all market segments. Each market segment is thoroughly analyzed, supported by relevant data points.
The end-use segment of the Global LPG Cylinder Manufacturing Market includes domestic, commercial, and industrial sectors. In the domestic sector, LPG cylinders are primarily used for cooking, heating, and hot water purposes in households. The commercial sector encompasses applications in restaurants, hotels, catering services, and cafes, where LPG cylinders are used for cooking and heating. In the industrial sector, LPG cylinders find extensive applications in manufacturing, construction, agriculture, and automotive industries for heating, cutting, welding, and other industrial processes. The end-use segment analysis provides insights into the demand for LPG cylinders across various sectors, helping stakeholders understand market dynamics and identify growth opportunities.
The material segment of the Global LPG Cylinder Manufacturing Market includes steel and aluminum cylinders. Steel cylinders are the most common type of LPG cylinders used globally, offering advantages such as durability, strength, and cost-effectiveness. Aluminum cylinders, on the other hand, are gaining popularity due to their lightweight, corrosion resistance, and high strength-to-weight ratio. The material segment analysis provides insights into the preferences for steel and aluminum cylinders, helping manufacturers understand market trends and tailor their offerings to meet customer requirements.
The analysis of every market segment is substantiated with pertinent data trends and patterns, providing valuable insights into the Global LPG Cylinder Manufacturing Market. This detailed examination enables stakeholders to understand the market dynamics, identify growth opportunities, and make informed business decisions.
Global Lpg Cylinder Manufacturing Segment Analysis
In this report, the Global Lpg Cylinder Manufacturing Market has been segmented by Material, Size, End-Use, and Geography.
Global Lpg Cylinder Manufacturing Market, Segmentation by Material
The global LPG cylinder manufacturing market has been segmented by material into two categories: steel and aluminum, reflecting the two primary materials used in the construction of LPG cylinders.
Steel cylinders are the most common type of LPG cylinders used globally. Steel offers several advantages, including durability, strength, and cost-effectiveness. Steel cylinders are known for their robust construction, making them suitable for a wide range of applications, including domestic, commercial, and industrial use. They are preferred for their high-pressure resistance, corrosion resistance, and long service life. Moreover, steel cylinders are recyclable, making them environmentally friendly and sustainable. Steel cylinders are widely used in regions where safety and reliability are paramount, making them the preferred choice for many consumers and industries worldwide.
Aluminum cylinders are gaining popularity in the LPG cylinder manufacturing market due to their lightweight, corrosion resistance, and high strength-to-weight ratio. Aluminum cylinders offer several advantages over steel cylinders, including lower weight, higher corrosion resistance, and better thermal conductivity. These cylinders are preferred for their portability, making them suitable for applications where weight is a critical factor, such as camping, boating, and outdoor activities. Moreover, aluminum cylinders are non-magnetic and non-sparking, making them ideal for use in hazardous environments. However, aluminum cylinders are more expensive to manufacture compared to steel cylinders, which can be a limiting factor for widespread adoption. Despite this, aluminum cylinders are gaining traction in the market due to their superior performance, durability, and environmental benefits.
Global Lpg Cylinder Manufacturing Market, Segmentation by Size
The global LPG cylinder manufacturing market has been segmented by size into four categories: 4 Kg-15 Kg, 16 Kg-25 Kg, 25 Kg-50 Kg, and more than 50 Kg, reflecting the diverse range of cylinder sizes catering to various end-user requirements.Cylinders ranging from 4 Kg to 15 Kg are primarily used in domestic households for cooking, heating, and hot water purposes. These smaller-sized cylinders are popular in urban and suburban areas where space is limited, and consumption is relatively lower. They are preferred for their convenience, portability, and ease of handling, making them suitable for residential use.
Cylinders ranging from 16 Kg to 25 Kg are commonly used in both domestic and commercial applications. They are preferred for medium-scale cooking and heating requirements in households, as well as in small to medium-sized commercial establishments such as restaurants, cafes, and small businesses. These cylinders offer a balance between capacity and portability, making them suitable for a wide range of applications.
Cylinders ranging from 25 Kg to 50 Kg are predominantly used in commercial and industrial sectors. They are preferred for high-volume cooking, heating, and industrial processes in restaurants, hotels, large-scale food processing units, manufacturing plants, and construction sites. These larger-sized cylinders offer higher capacity and longer runtime, making them ideal for applications with higher energy requirements.
Cylinders with a capacity of more than 50 Kg are primarily used in industrial and commercial sectors with high-volume energy requirements. These cylinders are suitable for heavy-duty industrial applications such as metal cutting, welding, forging, and other manufacturing processes. They offer a larger capacity and longer runtime, making them ideal for continuous and high-volume energy supply in industrial settings.
Global Lpg Cylinder Manufacturing Market, Segmentation by End-Use
The global LPG cylinder manufacturing market has been segmented by end-use into domestic, commercial, and industrial sectors, reflecting the diverse applications of LPG cylinders across various industries.Domestic usage represents a significant portion of the global LPG cylinder manufacturing market. LPG cylinders are widely used in households for cooking, heating, and hot water purposes. In many regions, especially in rural and remote areas, LPG is preferred over traditional fuels such as wood, coal, and kerosene due to its cleanliness, efficiency, and convenience. The increasing urbanization, changing lifestyle patterns, and rising disposable incomes have further fueled the demand for LPG cylinders in the domestic sector. Moreover, government initiatives aimed at promoting clean energy and improving energy access have boosted the adoption of LPG cylinders in households, driving market growth in this segment.
Commercial usage is another significant segment of the global LPG cylinder manufacturing market. LPG cylinders are widely used in commercial establishments such as restaurants, hotels, catering services, and cafes for cooking, heating, and other applications. The commercial sector accounts for a substantial portion of the total LPG cylinder consumption globally, driven by factors such as the growing foodservice industry, increasing tourism activities, and rising demand for clean and efficient energy solutions. Moreover, the expansion of retail networks, distribution channels, and the availability of LPG cylinders in various sizes and capacities have further contributed to the growth of the commercial segment in the global LPG cylinder manufacturing market.
Industrial usage represents another key segment of the global LPG cylinder manufacturing market. LPG cylinders find extensive applications in various industrial sectors, including manufacturing, construction, agriculture, and automotive. In industries, LPG cylinders are used for heating, cutting, welding, and other industrial processes. The industrial sector accounts for a significant share of the total LPG cylinder consumption globally, driven by factors such as the increasing industrialization, expansion of manufacturing activities, and rising demand for clean and efficient energy sources. Moreover, the versatility, reliability, and cost-effectiveness of LPG cylinders make them a preferred choice for industrial applications, further boosting market growth in this segment.
Global Lpg Cylinder Manufacturing Market, Segmentation by Geography
In this report, the Global Lpg Cylinder Manufacturing Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Global Lpg Cylinder Manufacturing Market Share(%), By Geography Region 2023
The global LPG cylinder manufacturing market witnessed significant regional distribution, with key geographical regions contributing to its growth and expansion.
Asia Pacific emerged as the dominant region in the global LPG cylinder manufacturing market, holding the largest market share in 2023. The region's market dominance can be attributed to several factors, including the rapid urbanization, increasing population, and rising disposable income levels in countries such as China, India, and Southeast Asian nations. Moreover, the expansion of residential, commercial, and industrial sectors in the region has boosted the demand for LPG cylinders for cooking, heating, and industrial applications. Additionally, government initiatives aimed at promoting clean energy and improving LPG accessibility have further fueled market growth in the Asia Pacific region.
Europe also held a significant market share in the global LPG cylinder manufacturing market in 2023. The region's market growth is driven by factors such as the increasing adoption of LPG as a clean cooking fuel, growing residential demand for LPG cylinders, and the expansion of retail networks and distribution channels. Moreover, stringent environmental regulations and government initiatives aimed at reducing carbon emissions and promoting clean energy have boosted the demand for LPG cylinders in Europe. Additionally, the region's well-established infrastructure, technological advancements, and focus on product innovation have further contributed to the growth of the LPG cylinder manufacturing market in Europe.
North America also played a crucial role in the global LPG cylinder manufacturing market in 2023. The region's market growth is driven by factors such as the increasing demand for LPG cylinders in residential, commercial, and industrial sectors, growing investments in infrastructure development, and the expansion of retail networks. Moreover, the region's focus on energy efficiency, sustainability, and clean energy solutions has boosted the demand for LPG cylinders. Additionally, government initiatives aimed at promoting clean energy and reducing carbon emissions have further fueled market growth in North America. Overall, the region's well-established infrastructure, technological advancements, and favorable government policies have contributed to the growth of the LPG cylinder manufacturing market in North America.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Lpg Cylinder Manufacturing Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing LPG Consumption
- Growing Residential Demand
- Rising Adoption Rate
- Expansion of Distribution Network
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Government Initiatives Support:Government initiatives supporting the LPG cylinder manufacturing market play a crucial role in its growth. Governments across various countries are promoting the use of LPG as a clean and efficient cooking fuel to reduce reliance on traditional fuels such as wood, coal, and kerosene. These initiatives include subsidies, financial incentives, and awareness campaigns to encourage households to switch to LPG. Additionally, governments are investing in infrastructure development to expand the distribution network for LPG cylinders, especially in rural and remote areas. Such initiatives not only drive the demand for LPG cylinders but also create a conducive environment for market growth, fostering the expansion of the global LPG cylinder manufacturing market.
Moreover, government policies and regulations aimed at promoting clean energy further propel the demand for LPG cylinders. With increasing concerns about environmental pollution and carbon emissions, governments worldwide are implementing stringent regulations to curb the use of traditional fuels and promote the adoption of cleaner alternatives such as LPG. These regulations create a favorable market environment for LPG cylinder manufacturers, driving market growth and expansion.
Additionally, government initiatives to provide LPG connections to low-income households, especially in emerging economies, significantly contribute to market growth. These initiatives aim to improve energy access, reduce indoor air pollution, and enhance the quality of life for millions of people. As a result, the global LPG cylinder manufacturing market is witnessing substantial growth, supported by government policies and initiatives aimed at promoting clean and sustainable energy solutions.
Restraints
- Fluctuating LPG Prices
- Regulatory Challenges Worldwide
- Intense Market Competition
- Safety Concerns and Regulations
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Infrastructure Limitations:Safety concerns and regulations pose significant restraints to the growth of the global LPG cylinder manufacturing market. LPG is a highly flammable and explosive gas, and its safe handling, storage, and transportation are of utmost importance. Stringent safety regulations govern the manufacturing, distribution, and use of LPG cylinders to prevent accidents and ensure consumer safety. Compliance with these regulations requires significant investment in technology, infrastructure, and training, which increases the overall cost of manufacturing LPG cylinders. Moreover, any lapses in safety standards can lead to severe accidents, causing harm to life and property, as well as tarnishing the reputation of manufacturers. Therefore, safety concerns and regulations pose a considerable challenge to the growth of the global LPG cylinder manufacturing market, hindering market expansion and profitability.
Furthermore, safety concerns regarding the use of LPG cylinders in residential, commercial, and industrial settings impact market growth. Accidents related to LPG cylinder explosions, leaks, or improper handling can lead to injuries, fatalities, and property damage, thereby discouraging consumers from using LPG as a cooking fuel or energy source. Consequently, strict safety regulations are imposed on LPG cylinder manufacturers to ensure product quality, reliability, and safety. These regulations increase the manufacturing cost, compliance burden, and operational challenges for manufacturers, thereby restraining market growth.
Additionally, safety concerns regarding the transportation and storage of LPG cylinders pose challenges to market growth. Proper transportation and storage facilities are essential to prevent accidents, leaks, and explosions during transit and handling. Compliance with safety regulations and standards for transportation and storage requires significant investment in infrastructure, technology, and training, which increases the operational cost for LPG cylinder manufacturers. Therefore, safety concerns and regulations pose significant challenges to the growth of the global LPG cylinder manufacturing market, limiting market expansion and profitability.
Opportunities
- Emerging Economies Growth
- Increasing LPG Accessibility
- Product Innovation Scope
- Growing Retail Networks
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Rising Energy Demand:The increasing accessibility of LPG presents significant opportunities for the global LPG cylinder manufacturing market. Governments and international organizations are implementing various programs and initiatives to improve LPG accessibility, especially in emerging economies and rural areas. These initiatives aim to provide affordable LPG connections to low-income households, promote clean cooking fuels, and reduce reliance on traditional fuels such as wood, coal, and kerosene. As a result, the demand for LPG cylinders is expected to witness substantial growth, creating lucrative opportunities for LPG cylinder manufacturers worldwide.
Moreover, the expansion of retail networks and distribution channels presents significant growth opportunities for the global LPG cylinder manufacturing market. Manufacturers are increasingly focusing on expanding their retail presence, partnering with distributors, and strengthening their distribution networks to reach a wider customer base. Additionally, the growing popularity of online platforms and e-commerce channels further enhances the accessibility of LPG cylinders, enabling manufacturers to reach customers in remote and underserved areas. Therefore, the expansion of retail networks and distribution channels presents significant growth opportunities for LPG cylinder manufacturers, allowing them to tap into new markets and increase their market share.
Furthermore, the focus on lightweight LPG cylinders presents significant growth opportunities for the global LPG cylinder manufacturing market. Lightweight LPG cylinders offer several benefits, including ease of handling, transportation, and installation. Moreover, lightweight cylinders are more fuel-efficient, durable, and cost-effective compared to traditional steel cylinders. Therefore, there is a growing demand for lightweight LPG cylinders from residential, commercial, and industrial sectors. Manufacturers are increasingly investing in research and development to develop lightweight LPG cylinders using advanced materials and manufacturing techniques. By offering lightweight and innovative LPG cylinder solutions, manufacturers can cater to the evolving needs of customers and gain a competitive edge in the market.
Competitive Landscape Analysis
Key players in Global Lpg Cylinder Manufacturing Market include:
- Worthington Industries
- Manchester Tank & Equipment Co.
- Luxfer Gas Cylinders
- Hexagon Composites
- Time Technoplast Ltd.
- Aygaz A.Ş.
- Butagaz (Rubis Group)
- Sahamitr Pressure Container PLC (SMPC)
- Faber Industrie S.p.A.
- VÍTKOVICE CYLINDERS a.s.
- Hindustan Petroleum Corporation Limited (HPCL)
- Bharat Petroleum Corporation Limited (BPCL)
- Indian Oil Corporation Limited (IOCL)
- Mauria Udyog Limited
- Shandong Huanri Group Co., Ltd.
- Guangzhou LPG Gas Cylinder Co., Ltd.
- Aburi Composites Ltd.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Material
- Market Snapshot, By Size
- Market Snapshot, By End-Use
- Market Snapshot, By Region
- Global Lpg Cylinder Manufacturing Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing LPG Consumption
- Growing Residential Demand
- Rising Adoption Rate
- Expansion of Distribution Network
- Government Initiatives Support
- Restraints
- Fluctuating LPG Prices
- Regulatory Challenges Worldwide
- Intense Market Competition
- Safety Concerns and Regulations
- Infrastructure Limitations
- Opportunities
- Emerging Economies Growth
- Increasing LPG Accessibility
- Product Innovation Scope
- Growing Retail Networks
- Rising Energy Demand
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Lpg Cylinder Manufacturing Market, By Material, 2023 - 2033 (USD Million)
- Steel
- Aluminum
- Global Lpg Cylinder Manufacturing Market, By Size, 2023 - 2033 (USD Million)
- 4 Kg- 15 Kg
- 16 Kg-25 Kg
- 25 Kg-50 Kg
- More than 50 Kg
- Global Lpg Cylinder Manufacturing Market, By End-Use, 2023 - 2033 (USD Million)
- Domestic
- Commercial
- industrial
- Global Lpg Cylinder Manufacturing Market, By Geography, 2023 - 2033 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Lpg Cylinder Manufacturing Market, By Material, 2023 - 2033 (USD Million)
- Competitive Landscape
- Company Profiles
- Worthington Industries
- Manchester Tank & Equipment Co.
- Luxfer Gas Cylinders
- Hexagon Composites
- Time Technoplast Ltd.
- Aygaz A.Ş.
- Butagaz (Rubis Group)
- Sahamitr Pressure Container PLC (SMPC)
- Faber Industrie S.p.A.
- VÍTKOVICE CYLINDERS a.s.
- Hindustan Petroleum Corporation Limited (HPCL)
- Bharat Petroleum Corporation Limited (BPCL)
- Indian Oil Corporation Limited (IOCL)
- Mauria Udyog Limited
- Shandong Huanri Group Co., Ltd.
- Guangzhou LPG Gas Cylinder Co., Ltd.
- Aburi Composites Ltd.
- Company Profiles
- Analyst Views
- Future Outlook of the Market