PUBLISHER: IMARC | PRODUCT CODE: 1422851
PUBLISHER: IMARC | PRODUCT CODE: 1422851
LPG Cylinder Manufacturing Market Report by Material (Steel, Aluminum), Size (4 Kg - 15 Kg, 16 Kg - 25 Kg, 25 Kg - 50 Kg, More than 50 Kg), End User (Domestic, Commercial, Industrial), and Region 2024-2032
Abstract
The global LPG cylinder manufacturing market size reached US$ 4.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.58% during 2024-2032. 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.
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:
IMARC Group 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 2024-2032. Our report has categorized the market based on material, size, and end user.
Material Insights:
Steel
Aluminum
The report has provided a detailed breakup and analysis of the LPG cylinder manufacturing market based on the material. This includes steel and aluminum. According to the report, steel represented the largest segment.
Size Insights:
4 Kg - 15 Kg
16 Kg - 25 Kg
25 Kg - 50 Kg
More than 50 Kg
A detailed breakup and analysis of the LPG cylinder manufacturing market based on the size has also been provided in the report. This includes 4 Kg - 15 Kg, 16 Kg - 25 Kg, 25 Kg - 50 Kg, and more than 50 Kg. According to the report, 4 Kg - 15 Kg accounted for the largest market share.
End User Insights:
Domestic
Commercial
Industrial
A detailed breakup and analysis of the LPG cylinder manufacturing market based on the end user has also been provided in the report. This includes domestic, commercial, and industrial. According to the report, domestic accounted for the largest market share.
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
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for LPG cylinder manufacturing. Some of the factors driving the Asia Pacific LPG cylinder manufacturing market included the rising adoption of LPG cylinders in households, the widespread product utilization in various heating appliances and the introduction of automated production methods.
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 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global LPG Cylinder Manufacturing Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Material
- 6.1 Steel
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Aluminum
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Size
- 7.1 4 Kg-15 Kg
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 16 Kg-25 Kg
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 25 Kg-50 Kg
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 More than 50 Kg
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by End User
- 8.1 Domestic
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Industrial
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Aygaz A.S.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Confidence Petroleum India Limited
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 ECP Industries Limited
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Hexagon Ragasco AS (Hexagon Composites ASA)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Manchester Tank (McWane Inc.)
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Mauria Udyog Ltd.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Sahamitr Pressure Container PLC
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 Satyasai Pressure Vessels Group
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Shandong Huanri Group Co. Ltd.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Worthington Industries Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.1 Aygaz A.S.
List of Figures
- Figure 1: Global: LPG Cylinder Manufacturing Market: Major Drivers and Challenges
- Figure 2: Global: LPG Cylinder Manufacturing Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: LPG Cylinder Manufacturing Market: Breakup by Material (in %), 2023
- Figure 5: Global: LPG Cylinder Manufacturing Market: Breakup by Size (in %), 2023
- Figure 6: Global: LPG Cylinder Manufacturing Market: Breakup by End User (in %), 2023
- Figure 7: Global: LPG Cylinder Manufacturing Market: Breakup by Region (in %), 2023
- Figure 8: Global: LPG Cylinder Manufacturing (Steel) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: LPG Cylinder Manufacturing (Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: LPG Cylinder Manufacturing (Aluminum) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: LPG Cylinder Manufacturing (Aluminum) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: LPG Cylinder Manufacturing (4 Kg-15 Kg) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: LPG Cylinder Manufacturing (4 Kg-15 Kg) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: LPG Cylinder Manufacturing (16 Kg-25 Kg) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: LPG Cylinder Manufacturing (16 Kg-25 Kg) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: LPG Cylinder Manufacturing (25 Kg-50 Kg) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: LPG Cylinder Manufacturing (25 Kg-50 Kg) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: LPG Cylinder Manufacturing (More than 50 Kg) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: LPG Cylinder Manufacturing (More than 50 Kg) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: LPG Cylinder Manufacturing (Domestic) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: LPG Cylinder Manufacturing (Domestic) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: LPG Cylinder Manufacturing (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: LPG Cylinder Manufacturing (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: LPG Cylinder Manufacturing (Industrial) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: LPG Cylinder Manufacturing (Industrial) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: North America: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: North America: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: United States: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: United States: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Canada: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Canada: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Asia-Pacific: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Asia-Pacific: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: China: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: China: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Japan: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Japan: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: India: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: India: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: South Korea: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: South Korea: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: Australia: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: Australia: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Indonesia: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Indonesia: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Others: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Others: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Europe: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Europe: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Germany: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Germany: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: France: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: France: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: United Kingdom: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: United Kingdom: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Italy: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Italy: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Spain: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Spain: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Russia: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Russia: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Others: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Others: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Latin America: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Latin America: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Brazil: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Brazil: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Mexico: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Mexico: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Others: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Others: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Middle East and Africa: LPG Cylinder Manufacturing Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Middle East and Africa: LPG Cylinder Manufacturing Market: Breakup by Country (in %), 2023
- Figure 74: Middle East and Africa: LPG Cylinder Manufacturing Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Global: LPG Cylinder Manufacturing Industry: Drivers, Restraints, and Opportunities
- Figure 76: Global: LPG Cylinder Manufacturing Industry: Value Chain Analysis
- Figure 77: Global: LPG Cylinder Manufacturing Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: LPG Cylinder Manufacturing Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: LPG Cylinder Manufacturing Market Forecast: Breakup by Material (in Million US$), 2024-2032
- Table 3: Global: LPG Cylinder Manufacturing Market Forecast: Breakup by Size (in Million US$), 2024-2032
- Table 4: Global: LPG Cylinder Manufacturing Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 5: Global: LPG Cylinder Manufacturing Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: LPG Cylinder Manufacturing Market: Competitive Structure
- Table 7: Global: LPG Cylinder Manufacturing Market: Key Players
