The global LPG cylinder manufacturing market size reached US$ 4.2 billion in 2023. The market is projected to reach US$ 5.8 billion by 2032, exhibiting a growth rate (CAGR) of 3.69% during 2023-2032. The rising adoption of LPG cylinders in households, the increasing demand for automotive LPG cylinders, and the introduction of automation technologies represent some of the key factors driving the market.
Liquefied petroleum gas (LPG) cylinder manufacturing refers to the process of designing, producing, and testing cylinders for storage, transportation, and containment of LPG. These cylinders are pressurized vessels with elongated, upright, and flat bottom designs used for storing LPG above atmospheric pressure. LPG cylinder manufacturing involves multiple steps, such as acquiring raw materials, blanking, body forming, deep drawing and piercing, trimming, and welding of valve guard ring, foot ring, and valve boss. The manufactured cylinders further undergo heat treatment, shot blasting, surface coating, painting, valve attachment, and various final testing, including pneumatic leakage, burst, volumetric expansion, and hydro-testing. LPG cylinder manufacturing maintains superior product quality and offers convenience, easy portability, durability, and cost and energy efficiency.
Liquefied petroleum gas (LPG) cylinder manufacturing refers to the process of designing, producing, and testing cylinders for storage, transportation, and containment of LPG. These cylinders are pressurized vessels with elongated, upright, and flat bottom designs used for storing LPG above atmospheric pressure. LPG cylinder manufacturing involves multiple steps, such as acquiring raw materials, blanking, body forming, deep drawing and piercing, trimming, and welding of valve guard ring, foot ring, and valve boss. The manufactured cylinders further undergo heat treatment, shot blasting, surface coating, painting, valve attachment, and various final testing, including pneumatic leakage, burst, volumetric expansion, and hydro-testing. LPG cylinder manufacturing maintains superior product quality and offers convenience, easy portability, durability, and cost and energy efficiency.
LPG Cylinder Manufacturing Market Trends
The rising adoption of LPG cylinders in households across the globe is one of the key factors driving the market growth. LPG cylinders are widely used for cooking and power gas cooktops, ovens, fireplaces, barbecue grills, and backup generators. In line with this, the widespread product utilization in various heating appliances, such as water heaters, central heating systems, and portable heaters, due to its easy storage, and convenience, is acting as another growth-inducing factor. Additionally, shifting consumer preference from traditional cooking fuels, such as charcoal, coal, animal waste, wood, and kerosene to LPG as a cooking fuel, is favoring the market growth. Furthermore, the rapid expansion of commercial kitchens, such as restaurants, diners, eateries, food trucks, and cafeterias that rely heavily on LPG cylinders for cooking, is providing an impetus to the market growth. Apart from this, increasing demand for automotive LPG cylinder to power personal and commercial vehicles, as it is cost-effective, tamper-proof, low maintenance, and reduce carbon dioxide (CO2) emissions are propelling the market growth. Moreover, the introduction of automated production, testing, and painting technologies in the manufacturing process to enhance efficiency, reduce labor costs, minimize errors, and maintain product consistency and quality is positively influencing the market growth. Besides this, the launch of advanced LPG cylinders made from fiberglass and composite materials that are lightweight, non-corrosive, and explosion-proof is facilitating the market growth. Other factors, including rising expenditure capacities of consumers, the implementation of various government initiatives for the adoption of LPG cylinders through subsidies and awareness campaigns, and the widespread product demand in manufacturing, agriculture, chemical, and marine industries, are anticipated to drive the market growth further.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global LPG cylinder manufacturing market, along with forecasts at the global, regional, and country levels from 2023-2032. The report has categorized the market based on material, size, and end user.Material Insights:
- Steel
- Aluminum
Size Insights:
- 4 Kg - 15 Kg
- 16 Kg - 25 Kg
- 25 Kg - 50 Kg
- More than 50 Kg
End User Insights:
- Domestic
- Commercial
- Industrial
Regional Insights:
- North America
- United States
- Canada
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global LPG cylinder manufacturing market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Aygaz A.S., Confidence Petroleum India Limited, ECP Industries Limited, Hexagon Ragasco AS (Hexagon Composites ASA), Manchester Tank (McWane Inc.), Mauria Udyog Ltd., Sahamitr Pressure Container PLC, Satyasai Pressure Vessels Group, Shandong Huanri Group Co. Ltd., Worthington Industries Inc., etc.Key Questions Answered in This Report:
- How has the global LPG cylinder manufacturing market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global LPG cylinder manufacturing market?
- What is the impact of each driver, restraint, and opportunity on the global LPG cylinder manufacturing market?
- What are the key regional markets?
- Which countries represent the most attractive LPG cylinder manufacturing market?
- What is the breakup of the market based on the material?
- Which is the most attractive material in the LPG cylinder manufacturing market?
- What is the breakup of the market based on the size?
- Which is the most attractive size in the LPG cylinder manufacturing market?
- What is the breakup of the market based on end user?
- Which is the most attractive end user in the LPG cylinder manufacturing market?
- What is the competitive structure of the global LPG cylinder manufacturing market?
- Who are the key players/companies in the global LPG cylinder manufacturing market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global LPG Cylinder Manufacturing Market
6 Market Breakup by Material
7 Market Breakup by Size
8 Market Breakup by End User
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Aygaz A.S.
- Confidence Petroleum India Limited
- ECP Industries Limited
- Hexagon Ragasco AS (Hexagon Composites ASA)
- Manchester Tank (McWane Inc.)
- Mauria Udyog Ltd.
- Sahamitr Pressure Container PLC
- Satyasai Pressure Vessels Group
- Shandong Huanri Group Co. Ltd.
- Worthington Industries Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 4.2 Billion |
| Forecasted Market Value ( USD | $ 5.8 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
