Press release
Aramid Fiber Gas Cylinders Market is Expected to Witness Healthy Growth at 8% CAGR through 2031
Gas Cylinder Market
Type 1 gas cylinders are mostly preferred by consumers due to their corrosion resistance and added safety features. Gas cylinder sales account for 9% of the overall cylinder market.
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Gas Cylinder Industry Survey by Category
Cylinder Type
Type I Gas Cylinders
Type II Gas Cylinders
Type III Gas Cylinders
Type IV Gas Cylinders
Type V Gas Cylinders
Wrap Type
Wrap Less Gas Cylinders
Glass Fiber Gas Cylinders
Aramid Fiber Gas Cylinders
Carbon Fiber Gas Cylinders
HDPE Gas Cylinders
By Size
3 Kg Gas Cylinders
4.5 Kg Gas Cylinders
6 Kg Gas Cylinders
9 Kg Gas Cylinders
14 Kg Gas Cylinders
17 Kg Gas Cylinders
19 Kg Gas Cylinders
21-34 Kg Gas Cylinders
35-48 Kg Gas Cylinders
Gas Type
Inert Gas Cylinders
Flammable Gas Cylinders
Toxic Gas Cylinders
Pyrophoric Gas Cylinders
Oxidizer Cylinders
Key Takeaways from Market Study
North America market estimated to register a value of US$ 2.4 Bn by 2031.
Market in Europe estimated to be valued at US$ 44.9 Mn by 2031.
Demand for HDPE gas cylinders is expected to expand at 8.6% CAGR over the forecast period.
Aramid fibre gas cylinders are expected to see demand growth at 9% CAGR.
“Consumers are preferring cylinders with highest safety features to avoid any unforeseen damage. Hence, manufacturers are turning their focus towards producing cylinders that are lightweight and equipped with all safety gear to eliminate any danger,” says a lead analyst at Fact.MR.
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This report gives you access to decisive data such as:
• Demand of Gas Cylinder Market & Growth drivers
• Factors limiting Gas Cylinder market growth
• Current key trends of Gas Cylinder Market
• Market Size of Gas Cylinder and Gas Cylinder Sales projections for the coming years
The report also offers key trends of Gas Cylinder market and an in-depth analysis of how the projected growth factors will shape the Gas Cylinder market dynamics in the coming years of the forecast period.
Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Gas Cylinder Market that are developing the current market scenario and which will be lucrative for the future demand of Gas Cylinder Market.
Crucial insights in Gas Cylinder market research report:
• Underlying macro- and microeconomic factors impacting the Sales of Gas Cylinder market.
• Basic overview of the Gas Cylinder, including market definition, classification, and applications.
• Scrutinization of each market player based on mergers & acquisitions, R&D projects, and product launches.
• Adoption trend and supply side analysis of Gas Cylinder across various industries.
• Important regions and countries offering lucrative opportunities to market stakeholders.
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Category-wise Insights
What Type of Gas Cylinder is Projected to Experience Highest Consumption?
Due to the high value and risk associated with bulk gas transportation, end users demand the safest gas cylinders that can provide maximum protection against accidental gas leaks. Type I gas cylinders are recognized for their high safety features; their light weight also contributes towards fuel-efficient transportation of gas.
Advanced fabrication used for the production of type I gas cylinders allows them to have a competitive advantage over other types. Many gas cylinder suppliers are using powder coating technologies to make type I gas cylinders extremely corrosion resistant.
Sales of type 1 gas cylinders are expected to surge at a CAGR of 8.8% through 2031.
Demand for Which Wrap Type in Gas Cylinders is Slated to Remain Prominent?
Thermal stability of aramid fibers plays a crucial role in wrapping the openings of gas cylinders. With high strength and low weight, demand for gas cylinders that are wrapped with aramid fibers is expected to be high and increase at a CAGR of 9% over the decade.
Likewise, the report further reveals that, carbon fiber wrapping of gas cylinders is expected to translate into fastest revenue growth and account for 20% share of the overall market value by the end of 2031.
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Competitive Landscape
Rise in demand for cylinders for natural gas vehicles to keep a check on carbon footprints due to burning of fossil fuels is expected to drive demand for gas cylinders in the global market. Demand for gas cylinders has also increased in various other industries such as transportation and life support.
Manufacturers are focusing on various safety precautions. Technological developments such as new cylinder designs that optimize storage capability and ease the handling process because of additional safety measures and being light weight are expected to drive the market growth of gas cylinder dealers.
SK CYLINDER offers various designs for high pressure gas cylinders specific to applications and different gas characteristics, customizing cylinders with finer requirements.
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