Asia-Pacific Gas Cylinder Market to 2032

Q: What is the current market size of the Asia-Pacific Gas Cylinder Market?

Asia-Pacific Gas Cylinder Market was valued at USD 1.30 (Revenue in USD Billion) in 2021.

Overview

The Asia-Pacific Gas Cylinder Market is expected to reach a 2.02 USD Billion by 2032 and is projected to grow at a CAGR of 7.75% from 2025 to 2032.

Revenue, 2024 (USD Billion)

1.30

Forecast, 2032 (USD Billion)

2.02

CAGR, 2024 - 2032

7.75%

Report Coverage

Asia-Pacific

Asia-Pacific Gas Cylinder Market 2018-2032 USD Billion

Asia-Pacific Gas Cylinder Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 1.30 USD Billion
Projected Market Size (2032): 2.02 USD Billion
CAGR (2025-2032): 7.75%

Key Findings of Asia-Pacific Gas Cylinder Market

The Asia-Pacific Gas Cylinder Market was valued at 1.30 USD Billion in 2024.
The Asia-Pacific Gas Cylinder Market is likely to grow at a CAGR of 7.75% during the forecast period of 2024 to 2032.
In 2024, the Largest segment High Pressure in Product Segment accounted for the largest share of the market with a revenue of 1.12 USD Billion
The fastest growing segment Flammable Gases in Gas Segment grew Fastest with a CAGR of 8.19% during the forecast period from 2024 to 2032.

Asia-Pacific Gas Cylinder Market Scope

Asia-Pacific Gas Cylinder Market Segmentation & Scope

Product

Acetylene
Others
Low Pressure
High Pressure

Material

Others
Composite
Steel

Wrap

Carbon Fiber
Others
Aramid Fiber
Glass Fiber
Wrap Less

Application

Others
Medicals
Kitchen And Domestic
Transportation
Processing Industries

Gas

Others
Oxidizers
Pyrophoric Gases
Toxic Gases
Flammable Gases
Inert Gases

Asia-Pacific Gas Cylinder Market Data Coverage Insights

Study Period	2024-2032
Base Year	2021
Unit	Revenue in USD Billion
Market Value in 2024	1.30 USD Billion
Market Value in 2032	2.02 USD Billion
CAGR (2025-2032)	7.75%
Historic Data	2016-2023
Market Segments Covered	Product,Material,Wrap,Application,Gas

Regional Insights:

Leading Market (2024-2032): Asia-Pacific, leading in terms of revenue 1.30 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 233.18 USD Million in 2024.

Segments and Scope

Asia-Pacific Gas Cylinder Market to 2032, By Product
- High Pressure is the largest segment in Asia-Pacific Gas Cylinder Market to 2032 with a revenue of 1.12 USD Billion in the year 2024.
- Low Pressure is the Fastest growing segment in Asia-Pacific Gas Cylinder Market to 2032 with a Growth rate of 7.76 % in forecast period 2025-2032.
Asia-Pacific Gas Cylinder Market to 2032, By Material
- Steel is the largest segment in Asia-Pacific Gas Cylinder Market to 2032 with a revenue of 1.01 USD Billion in the year 2024.
- Steel is the Fastest growing segment in Asia-Pacific Gas Cylinder Market to 2032 with a Growth rate of 7.83 % in forecast period 2025-2032.
Asia-Pacific Gas Cylinder Market to 2032, By Wrap
- Wrap Less is the largest segment in Asia-Pacific Gas Cylinder Market to 2032 with a revenue of 751.51 USD Billion in the year 2024.
- Wrap Less is the Fastest growing segment in Asia-Pacific Gas Cylinder Market to 2032 with a Growth rate of 7.89 % in forecast period 2025-2032.
Asia-Pacific Gas Cylinder Market to 2032, By Application
- Processing Industries is the largest segment in Asia-Pacific Gas Cylinder Market to 2032 with a revenue of 725.42 USD Billion in the year 2024.
- Processing Industries is the Fastest growing segment in Asia-Pacific Gas Cylinder Market to 2032 with a Growth rate of 8.07 % in forecast period 2025-2032.
Asia-Pacific Gas Cylinder Market to 2032, By Gas
- Inert Gases is the largest segment in Asia-Pacific Gas Cylinder Market to 2032 with a revenue of 477.52 USD Billion in the year 2024.
- Flammable Gases is the Fastest growing segment in Asia-Pacific Gas Cylinder Market to 2032 with a Growth rate of 7.72 % in forecast period 2025-2032.

Asia-Pacific Gas Cylinder Market Company Share Analysis

Company Name
3M
Linde PLC
Drägerwerk AG & Co. KGaA,
Worthington Industries Inc.
Luxfer Gas Cylinders

Asia-Pacific Gas Cylinder Market Geographical Sales Distribution, 2018-2032 USD Billion

Asia-Pacific Gas Cylinder Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Asia-Pacific Gas Cylinder Market?

The Asia-Pacific Gas Cylinder Market is segmented based on Segmentation Product,Material,Wrap,Application,Gas.

What is the current market size of the Asia-Pacific Gas Cylinder Market?

Asia-Pacific Gas Cylinder Market was valued at USD 1.30(Revenue in USD Billion) in 2021.

What is the expected growth rate of the Asia-Pacific Gas Cylinder Market?

Asia-Pacific Gas Cylinder Market is projected to grow at a CAGR of 7.75% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Asia-Pacific Gas Cylinder Market?

The High Pressure segment is expected to dominate the Asia-Pacific Gas Cylinder Market, holding a largest market share of 1.12 USD Billion in 2024