LPG Cylinder Market Growth Analysis, Key Drivers, Industry Challenges, and Investment Prospects to 2031

Los Angeles, United States - QY Research has unveiled its latest study titled "Global LPG Cylinder Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This newly released report delivers a comprehensive overview of the global LPG Cylinder market, analyzing the forces shaping its growth trajectory and providing valuable insights for stakeholders, investors, and industry professionals. the research covers key areas including market dynamics, segmentation, regional performance, competitive landscape, and emerging technology trends that are redefining industry standards. Backed by reliable data and expert analysis, the report serves as a trusted guide to understanding both microeconomic and macroeconomic factors driving market evolution.

The global market for LPG Cylinder was estimated to be worth US$ 2529 million in 2024 and is forecast to a readjusted size of US$ 3186 million by 2031 with a CAGR of 3.4% during the forecast period 2025-2031.

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The research report also includes the global LPG Cylinder market figures that provide historical data as well as estimated figures. It gives a clear picture of the growth rate of the market during the forecast period. The LPG Cylinder report aims to give the readers quantifiable data that is collected from verified data. The report attempts to answer all the difficult questions such as market sizes and company strategies.

LPG Cylinders are specialized storage devices engineered for the safe containment and transportation of liquefied petroleum gas (LPG). Typically constructed from high-strength steel, these cylinders are designed to withstand high pressures and harsh environmental conditions, ensuring that LPG remains in its liquid state during both storage and transit. Their robust construction, combined with advanced safety features, makes them indispensable for domestic applications where LPG is used to fuel kitchen stoves, water heaters, and other household appliances. This versatility extends to outdoor settings as well, as LPG cylinders are widely used in caravans, camping excursions, and barbecues. Beyond residential purposes, these cylinders serve a broad spectrum of industrial and commercial needs.

They are employed in sectors such as transportation, construction, and recreational activities, and are even found in specialized applications like hot air ballooning, hospitality services, agricultural operations, calefaction systems, and fishing. This wide range of applications underscores the LPG cylinder's critical role in modern energy distribution, offering a safe and reliable means to store and deliver LPG to meet both everyday and specialized energy demands.

Competitive Landscape: -

Worthington Industries
Hebei Baigong
Sahamitr Pressure Container
Mauria Udyog
Manchester Tank
Aygaz
Jiangsu Minsheng
Butagaz
Bhiwadi Cylinders
EVAS
PT PRAJAMITA INTERNUSA
Faber Industrie
Chemet
MetalMate
VÍTKOVICE
Luxfer Gas Cylinders
SAHUWALA CYLINDERS
Aburi Composites
MBG

The competitive landscape is a must-have information for the market players to withstand the competition present in the global LPG Cylinder market. This further helps the market participants to develop effective strategies to optimize their market positions. Moreover, the competitive analysis helps them to determine potential advantages as well as barriers within the global LPG Cylinder market. This way, they can monitor how their competitors are implementing various strategies including pricing, marketing, and distribution.

Market Drivers and Trends -

Globally, the LPG cylinder market is characterized by dynamic competition and diverse regional demand. Leading manufacturers such as Worthington Industries, Huanri, Hebei Baigong, Aygaz, and Manchester Tank are at the forefront of this industry, with the top five players collectively capturing about 30% of the global market share. The industry is notably segmented by product type, with LPG Steel Cylinders dominating with an approximate 85% share, reflecting industry confidence in steel for its durability and ability to maintain the structural integrity required in high-pressure environments. Market distribution is similarly varied; Europe stands as the largest market, accounting for roughly 40% of global demand. This prominence is driven by stringent safety standards and a mature energy infrastructure that favors reliable LPG storage solutions. In contrast, both China and North America hold significant positions in the market, each contributing around 20% to the global share. These regional disparities are influenced by factors such as regulatory frameworks, economic development, and consumer preferences, all of which shape the competitive landscape and drive ongoing innovation in the design and production of LPG cylinders.

Looking forward, trends in the LPG cylinder sector point to continued innovation, diversification, and an increasing emphasis on safety and environmental sustainability. Manufacturers are investing heavily in advanced production techniques and research into enhanced materials, aiming to develop cylinders that not only offer superior safety features but also reduce the environmental impact associated with their production and disposal. Technological improvements in metallurgy and engineering are expected to yield more efficient and longer-lasting LPG cylinders that cater to a broader array of applications-from traditional domestic uses such as kitchen and heating systems to emerging markets in automotive and industrial processes. As consumers and regulatory bodies alike demand higher safety standards and more sustainable energy solutions, the industry is likely to experience significant growth and transformation. This evolution will be driven by a dual focus: meeting the immediate, everyday needs of households while simultaneously addressing the complex challenges of industrial energy storage and transportation. In this rapidly changing global energy landscape, the LPG cylinder market is set to balance safety, efficiency, and environmental considerations, ensuring its continued relevance and expansion in the years to come.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

Detailed of LPG Cylinder Market Segmentation -

The report offers great insights into important segments of the global LPG Cylinder market while concentrating on their CAGR, market size, market share, and future growth potential. The global LPG Cylinder market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global LPG Cylinder market.

Segmentation By Type :-

LPG Steel Cylinders
LPG Composite Cylinders
Others

Segmentation By Application -

Home Use
Automotive Use
Others

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

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Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

LPG Cylinder Market Report Objectives -

(1) Analyzing the size of the global LPG Cylinder market on the basis of value and volume

(2) Accurately calculating the market shares, consumption, and other vital factors of different segments of the global LPG Cylinder market

(3) Exploring key dynamics of the global LPG Cylinder market

(4) Highlighting important trends of the global LPG Cylinder market in terms of production, revenue, and sales

(5) Deeply profiling top players of the global LPG Cylinder market and showing how they compete in the industry

(6) Studying manufacturing processes and costs, product pricing, and various trends related to them

(7) Showing the performance of different regions and countries in the global LPG Cylinder market

(8) Forecasting the market size and share of all segments, regions, and the global market.

Important Questions Answered included in the Report:-

(A) What is the market size and growth rate of the global and regional market by various segments?

(B) What is the market size and growth rate of the market for selective Countries?

(C) Which region or sub-segment is expected to drive the market in the forecast period?

(D) What factors are estimated to drive and restrain the market growth?

(E) What are the key technology and market trends shaping the market?

(F) what are the key opportunity in the market?

(G) Who are the leading manufacturers operating in the global LPG Cylinder market?

(H) Which key player accounted for the highest market share?

(I) What are the growth opportunities for the new entrants in the global LPG Cylinder market?

Table of Contents - Major Key Points:

1 Market Overview
1.1 LPG Cylinder Product Introduction
1.2 Global LPG Cylinder Market Size Forecast
1.2.1 Global LPG Cylinder Sales Value (2020-2031)
1.2.2 Global LPG Cylinder Sales Volume (2020-2031)
1.2.3 Global LPG Cylinder Sales Price (2020-2031)
1.3 LPG Cylinder Market Trends & Drivers
1.3.1 LPG Cylinder Industry Trends
1.3.2 LPG Cylinder Market Drivers & Opportunity
1.3.3 LPG Cylinder Market Challenges
1.3.4 LPG Cylinder Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global LPG Cylinder Players Revenue Ranking (2024)
2.2 Global LPG Cylinder Revenue by Company (2020-2025)
2.3 Global LPG Cylinder Players Sales Volume Ranking (2024)
2.4 Global LPG Cylinder Sales Volume by Company Players (2020-2025)
2.5 Global LPG Cylinder Average Price by Company (2020-2025)
2.6 Key Manufacturers LPG Cylinder Manufacturing Base and Headquarters
2.7 Key Manufacturers LPG Cylinder Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of LPG Cylinder
2.9 LPG Cylinder Market Competitive Analysis
2.9.1 LPG Cylinder Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by LPG Cylinder Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in LPG Cylinder as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 LPG Steel Cylinders
3.1.2 LPG Composite Cylinders
3.1.3 Others
3.2 Global LPG Cylinder Sales Value by Type
3.2.1 Global LPG Cylinder Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global LPG Cylinder Sales Value, by Type (2020-2031)
3.2.3 Global LPG Cylinder Sales Value, by Type (%) (2020-2031)
3.3 Global LPG Cylinder Sales Volume by Type
3.3.1 Global LPG Cylinder Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global LPG Cylinder Sales Volume, by Type (2020-2031)
3.3.3 Global LPG Cylinder Sales Volume, by Type (%) (2020-2031)
3.4 Global LPG Cylinder Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Home Use
4.1.2 Automotive Use
4.1.3 Others
4.2 Global LPG Cylinder Sales Value by Application
4.2.1 Global LPG Cylinder Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global LPG Cylinder Sales Value, by Application (2020-2031)
4.2.3 Global LPG Cylinder Sales Value, by Application (%) (2020-2031)
4.3 Global LPG Cylinder Sales Volume by Application
4.3.1 Global LPG Cylinder Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global LPG Cylinder Sales Volume, by Application (2020-2031)
4.3.3 Global LPG Cylinder Sales Volume, by Application (%) (2020-2031)
4.4 Global LPG Cylinder Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global LPG Cylinder Sales Value by Region
5.1.1 Global LPG Cylinder Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global LPG Cylinder Sales Value by Region (2020-2025)
5.1.3 Global LPG Cylinder Sales Value by Region (2026-2031)
5.1.4 Global LPG Cylinder Sales Value by Region (%), (2020-2031)
5.2 Global LPG Cylinder Sales Volume by Region
5.2.1 Global LPG Cylinder Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global LPG Cylinder Sales Volume by Region (2020-2025)
5.2.3 Global LPG Cylinder Sales Volume by Region (2026-2031)
5.2.4 Global LPG Cylinder Sales Volume by Region (%), (2020-2031)
5.3 Global LPG Cylinder Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America LPG Cylinder Sales Value, 2020-2031
5.4.2 North America LPG Cylinder Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe LPG Cylinder Sales Value, 2020-2031
5.5.2 Europe LPG Cylinder Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific LPG Cylinder Sales Value, 2020-2031
5.6.2 Asia Pacific LPG Cylinder Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America LPG Cylinder Sales Value, 2020-2031
5.7.2 South America LPG Cylinder Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa LPG Cylinder Sales Value, 2020-2031
5.8.2 Middle East & Africa LPG Cylinder Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions LPG Cylinder Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions LPG Cylinder Sales Value and Sales Volume
6.2.1 Key Countries/Regions LPG Cylinder Sales Value, 2020-2031
6.2.2 Key Countries/Regions LPG Cylinder Sales Volume, 2020-2031
6.3 United States
6.3.1 United States LPG Cylinder Sales Value, 2020-2031
6.3.2 United States LPG Cylinder Sales Value by Type (%), 2024 VS 2031
6.3.3 United States LPG Cylinder Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe LPG Cylinder Sales Value, 2020-2031
6.4.2 Europe LPG Cylinder Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe LPG Cylinder Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China LPG Cylinder Sales Value, 2020-2031
6.5.2 China LPG Cylinder Sales Value by Type (%), 2024 VS 2031
6.5.3 China LPG Cylinder Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan LPG Cylinder Sales Value, 2020-2031
6.6.2 Japan LPG Cylinder Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan LPG Cylinder Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea LPG Cylinder Sales Value, 2020-2031
6.7.2 South Korea LPG Cylinder Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea LPG Cylinder Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia LPG Cylinder Sales Value, 2020-2031
6.8.2 Southeast Asia LPG Cylinder Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia LPG Cylinder Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India LPG Cylinder Sales Value, 2020-2031
6.9.2 India LPG Cylinder Sales Value by Type (%), 2024 VS 2031
6.9.3 India LPG Cylinder Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Worthington Industries
7.1.1 Worthington Industries Company Information
7.1.2 Worthington Industries Introduction and Business Overview
7.1.3 Worthington Industries LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Worthington Industries LPG Cylinder Product Offerings
7.1.5 Worthington Industries Recent Development
7.2 Hebei Baigong
7.2.1 Hebei Baigong Company Information
7.2.2 Hebei Baigong Introduction and Business Overview
7.2.3 Hebei Baigong LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Hebei Baigong LPG Cylinder Product Offerings
7.2.5 Hebei Baigong Recent Development
7.3 Sahamitr Pressure Container
7.3.1 Sahamitr Pressure Container Company Information
7.3.2 Sahamitr Pressure Container Introduction and Business Overview
7.3.3 Sahamitr Pressure Container LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Sahamitr Pressure Container LPG Cylinder Product Offerings
7.3.5 Sahamitr Pressure Container Recent Development
7.4 Mauria Udyog
7.4.1 Mauria Udyog Company Information
7.4.2 Mauria Udyog Introduction and Business Overview
7.4.3 Mauria Udyog LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Mauria Udyog LPG Cylinder Product Offerings
7.4.5 Mauria Udyog Recent Development
7.5 Manchester Tank
7.5.1 Manchester Tank Company Information
7.5.2 Manchester Tank Introduction and Business Overview
7.5.3 Manchester Tank LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Manchester Tank LPG Cylinder Product Offerings
7.5.5 Manchester Tank Recent Development
7.6 Aygaz
7.6.1 Aygaz Company Information
7.6.2 Aygaz Introduction and Business Overview
7.6.3 Aygaz LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Aygaz LPG Cylinder Product Offerings
7.6.5 Aygaz Recent Development
7.7 Jiangsu Minsheng
7.7.1 Jiangsu Minsheng Company Information
7.7.2 Jiangsu Minsheng Introduction and Business Overview
7.7.3 Jiangsu Minsheng LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Jiangsu Minsheng LPG Cylinder Product Offerings
7.7.5 Jiangsu Minsheng Recent Development
7.8 Butagaz
7.8.1 Butagaz Company Information
7.8.2 Butagaz Introduction and Business Overview
7.8.3 Butagaz LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Butagaz LPG Cylinder Product Offerings
7.8.5 Butagaz Recent Development
7.9 Bhiwadi Cylinders
7.9.1 Bhiwadi Cylinders Company Information
7.9.2 Bhiwadi Cylinders Introduction and Business Overview
7.9.3 Bhiwadi Cylinders LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Bhiwadi Cylinders LPG Cylinder Product Offerings
7.9.5 Bhiwadi Cylinders Recent Development
7.10 EVAS
7.10.1 EVAS Company Information
7.10.2 EVAS Introduction and Business Overview
7.10.3 EVAS LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 EVAS LPG Cylinder Product Offerings
7.10.5 EVAS Recent Development
7.11 PT PRAJAMITA INTERNUSA
7.11.1 PT PRAJAMITA INTERNUSA Company Information
7.11.2 PT PRAJAMITA INTERNUSA Introduction and Business Overview
7.11.3 PT PRAJAMITA INTERNUSA LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 PT PRAJAMITA INTERNUSA LPG Cylinder Product Offerings
7.11.5 PT PRAJAMITA INTERNUSA Recent Development
7.12 Faber Industrie
7.12.1 Faber Industrie Company Information
7.12.2 Faber Industrie Introduction and Business Overview
7.12.3 Faber Industrie LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Faber Industrie LPG Cylinder Product Offerings
7.12.5 Faber Industrie Recent Development
7.13 Chemet
7.13.1 Chemet Company Information
7.13.2 Chemet Introduction and Business Overview
7.13.3 Chemet LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Chemet LPG Cylinder Product Offerings
7.13.5 Chemet Recent Development
7.14 MetalMate
7.14.1 MetalMate Company Information
7.14.2 MetalMate Introduction and Business Overview
7.14.3 MetalMate LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 MetalMate LPG Cylinder Product Offerings
7.14.5 MetalMate Recent Development
7.15 VÍTKOVICE
7.15.1 VÍTKOVICE Company Information
7.15.2 VÍTKOVICE Introduction and Business Overview
7.15.3 VÍTKOVICE LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 VÍTKOVICE LPG Cylinder Product Offerings
7.15.5 VÍTKOVICE Recent Development
7.16 Luxfer Gas Cylinders
7.16.1 Luxfer Gas Cylinders Company Information
7.16.2 Luxfer Gas Cylinders Introduction and Business Overview
7.16.3 Luxfer Gas Cylinders LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Luxfer Gas Cylinders LPG Cylinder Product Offerings
7.16.5 Luxfer Gas Cylinders Recent Development
7.17 SAHUWALA CYLINDERS
7.17.1 SAHUWALA CYLINDERS Company Information
7.17.2 SAHUWALA CYLINDERS Introduction and Business Overview
7.17.3 SAHUWALA CYLINDERS LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 SAHUWALA CYLINDERS LPG Cylinder Product Offerings
7.17.5 SAHUWALA CYLINDERS Recent Development
7.18 Aburi Composites
7.18.1 Aburi Composites Company Information
7.18.2 Aburi Composites Introduction and Business Overview
7.18.3 Aburi Composites LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Aburi Composites LPG Cylinder Product Offerings
7.18.5 Aburi Composites Recent Development
7.19 MBG
7.19.1 MBG Company Information
7.19.2 MBG Introduction and Business Overview
7.19.3 MBG LPG Cylinder Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 MBG LPG Cylinder Product Offerings
7.19.5 MBG Recent Development
8 Industry Chain Analysis
8.1 LPG Cylinder Industrial Chain
8.2 LPG Cylinder Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 LPG Cylinder Sales Model
8.5.2 Sales Channel
8.5.3 LPG Cylinder Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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