Currently, the demand for gas cylinders is estimated to be worth close to US$ 7.5 billion. According to the most recent market study by Fact.MR, the worldwide market for gas cylinders is expected to grow at a CAGR of 8% through 2031. Type 1 gas cylinders are mostly favored by customers owing to its corrosion resistance and improved safety features. 9% of the market for cylinders is made up of sales of gas cylinders. The need for safe and controlled gas cylinders is driven by the necessity of transporting very valuable gases. The creation of gas cylinders has been impacted by developments in compressing volatile and inert gases. The ability to handle and store gas cylinders has increased because to new cylinder designs and better safety features.
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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
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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.
The Demand of Gas Cylinder Market study includes the current market scenario on the global platform and also Sales of Gas Cylinder Market development during the forecast period.
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.
