Global Gas Cylinder Market Is Predicted To Surge Ahead At A CAGR Of 8% Through 2032

Rockville, United States, 2022-Sep-02 — /EPR Network/ —

Demand for gas cylinders in the global market is valued at close to US$ 7.5 Bn at present. The global gas cylinder market is predicted to surge ahead at a CAGR of 8% through 2031, as per the latest industry analysis by Fact.MR.

Type 1 gas cylinders are mostly preferred by consumers due to their corrosion resistance and added safety features. Gas cylinder sales account for 9% of the overall cylinder market.

Gas Cylinder Market Size (2020A)	US$ 6.9 Bn
Projected Year Value (2031F)	US$ 11 Bn
Global Market Growth Rate (2021-2031)	8% CAGR
Collective Value Share (U.S., India, China): Top 3 Countries	46%

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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

The Market insights of Gas Cylinder will improve the revenue impact of businesses in various industries by:

• Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Gas Cylinder Market
• Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Gas Cylinder market and offers solutions
• Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
• Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
• Helping leading companies make strategy recalibrations ahead of their competitors and peers
• Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Gas Cylinder market .

The latest industry analysis and survey on Gas Cylinder provides sales outlook in 20+ countries, across key categories. Insights and outlook on Gas Cylinder market drivers, trends, and influencing factors are also included in the study.

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This report gives you access to decisive data such as:

• Demand of Gas Cylinder Market & Growth drivers
• Factors limiting Gas Cylinder market growth
• Current key trends of Gas Cylinder Market
• Market Size of Gas Cylinder and Gas Cylinder Sales projections for the coming years

The report also offers key trends of Gas Cylinder market and an in-depth analysis of how the projected growth factors will shape the Gas Cylinder market dynamics in the coming years of the forecast period.

Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Gas Cylinder Market that are developing the current market scenario and which will be lucrative for the future demand of Gas Cylinder Market.

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.

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List of the Leading Companies Profiled in the Gas Cylinder Market are:

To provide decision-makers with credible insights on their competitive landscape, the Gas Cylinder Market industry research report includes detailed competitive landscape analysis.

The competitive landscape analysis for Gas Cylinder Market includes detailed profiles of Tier 1, Tier 2, and Tier 3 players. The respective market share of Gas Cylinder manufacturers is provided so business leaders can understand the market scenario.

An assessment on the winning strategies of key Gas Cylinder Market manufacturers is provided, with recommendation on what works well in Gas Cylinder Market landscape.

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.

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