Industrial Gas Cylinders Market is Forecasted to Reach US$ 928 Million in 2031, Says Stratview Research

Stratview Research, a global market research firm has launched a report on the global Industrial Gas Cylinders Market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2024: US$ 687 million

Market Size in 2031: US$ 928 million

Growth (CAGR): 4.2% during 2025-2031

Leading Gas Type: Oxygen

Leading Region: Asia-Pacific

Forecast Period: 2025-2031

Trend Period: 2019-2023

Base Year: 2024

Number of Segments Covered: 2

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the Industrial Gas Cylinders Market:

The global Industrial Gas Cylinders Market is segmented based gas type, and region.

Based on gas type: The market is segmented into oxygen, nitrogen, carbon dioxide, helium, argon, acetylene, and other gases. Oxygen gas cylinders lead the market due to their widespread applications in chemical manufacturing, steel production, aquaculture, and water treatment. Their crucial role in oxidation reactions and live seafood transportation further strengthens their dominance. However, nitrogen gas cylinders are expected to grow at the fastest rate, fueled by the rapid expansion of the pharmaceutical and semiconductor industries, where nitrogen is essential for preserving product integrity and advanced manufacturing processes.

To know the most attractive segments, click here for a free sample of the report:

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the dominant as well as the fastest growing region for the industrial gas cylinders market. This growth outlook is majorly attributed to the following–

• Rapid expansion of the electronics, chemical, and petrochemical industries in the region.
• China and India are projected to be the key growth drivers, fueled by rapid industrialization fueling demand for industrial gases, and expanding manufacturing industries.

Industrial Gas Cylinders Market Drivers:

Some of the key drivers listed in the report are given below.

• The industrial gas cylinders market is steadily growing, fueled by the rising demand for industrial gases across industries like manufacturing, energy, and processing.
• These cylinders play a vital role in storing and transporting gases such as oxygen, nitrogen, hydrogen, argon, and carbon dioxide, which are essential for various industrial processes.
• The increasing use of high-pressure gas cylinders in market like welding, cutting, and food processing is boosting market growth.
• Industrial gases are compressed into a cylinder at pressures of up to 300 bar as standard. These cylinders are made up of high-strength steel or aluminum that is capable of withstanding high pressures.
• Furthermore, strict regulatory guidelines surrounding the handling and transportation of industrial gases are pushing companies to prioritize safety compliance and introduce more durable and efficient cylinder designs.
• With the ongoing expansion of industrial operations, the demand for reliable and safe gas cylinders is projected to increase significantly in the coming years.

Top Companies in the Industrial Gas Cylinders Market:

The market is moderately concentrated, with some local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players.

-         TriMas Corporation

-         Cylinders Holding Group

-         Everest Kanto Cylinder Ltd.

-         Luxfer Holdings PLC

-         Shanghai Bene High Pressure Container Co., Ltd

-         Worthington Industries, Inc.

-         Beijing Tianhai Industry Co., Ltd.

-         Sinoma Science & Technology Co., Ltd.

-         Rama Cylinder Pvt Ltd

-         Tenaris S.A.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the data center liquid cooling market, answering critical questions like

-       How big is the sales opportunity?

-       Which regions offer the best sales opportunities?

-       Which are the most attractive market segments?

-       Which are the top players and their market positioning?

-       How complex is the business environment?

-       What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

Related Reports:

-         Helium Market

-         Industrial Nitrogen Generator Market

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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