Global Gas Cylinder Market to 2032
Overview
The Global Gas Cylinder Market is expected to reach a 5.18 USD Billion by 2032 and is projected to grow at a CAGR of 5.55% from 2025 to 2032.
Revenue, 2024 (USD Billion)
3.43
Forecast, 2032 (USD Billion)
5.18
CAGR, 2024 - 2032
5.55%
Report Coverage
Global
Global Gas Cylinder Market 2018-2032 USD Billion
Global Gas Cylinder Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 3.43 USD Billion
- Projected Market Size (2032): 5.18 USD Billion
- CAGR (2025-2032): 5.55%
Key Findings of Global Gas Cylinder Market
- The Global Gas Cylinder Market was valued at 5.18 USD Billion in 2024.
- The Global Gas Cylinder Market is likely to grow at a CAGR of 5.55% 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 2.92 USD Billion
- The fastest growing segment Flammable Gases in Gas Segment grew Fastest with a CAGR of 5.90% during the forecast period from 2024 to 2032.
Global Gas Cylinder Market Scope
Global Gas Cylinder Market Segmentation & Scope
Application
- Transportation
- Processing Industries
- Kitchen And Domestic
- Medicals
- Others
Gas
- Others
- Oxidizers
- Pyrophoric Gases
- Toxic Gases
- Flammable Gases
- Inert Gases
Wrap
- Others
- Carbon Fiber
- Aramid Fiber
- Glass Fiber
- Wrap Less
Product
- Others
- Acetylene
- Low Pressure
- High Pressure
Material
- Others
- Composite
- Steel
Global Gas Cylinder Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 3.43 USD Billion |
| Market Value in 2032 | 5.18 USD Billion |
| CAGR (2025-2032) | 5.55% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Gas,Wrap,Product,Material |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 3.43 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 565.33 USD Million in 2024.
Segments and Scope
-
Global Gas Cylinder Market to 2032, By Application
- Processing Industries is the largest segment in Global Gas Cylinder Market to 2032 with a revenue of 1.88 USD Billion in the year 2024.
- Processing Industries is the Fastest growing segment in Global Gas Cylinder Market to 2032 with a Growth rate of 5.81 % in forecast period 2025-2032.
-
Global Gas Cylinder Market to 2032, By Gas
- Flammable Gases is the largest segment in Global Gas Cylinder Market to 2032 with a revenue of 1.02 USD Billion in the year 2024.
- Flammable Gases is the Fastest growing segment in Global Gas Cylinder Market to 2032 with a Growth rate of 5.90 % in forecast period 2025-2032.
-
Global Gas Cylinder Market to 2032, By Wrap
- Wrap Less is the largest segment in Global Gas Cylinder Market to 2032 with a revenue of 1.95 USD Billion in the year 2024.
- Wrap Less is the Fastest growing segment in Global Gas Cylinder Market to 2032 with a Growth rate of 5.71 % in forecast period 2025-2032.
-
Global Gas Cylinder Market to 2032, By Product
- High Pressure is the largest segment in Global Gas Cylinder Market to 2032 with a revenue of 2.92 USD Billion in the year 2024.
- Low Pressure is the Fastest growing segment in Global Gas Cylinder Market to 2032 with a Growth rate of 5.56 % in forecast period 2025-2032.
-
Global Gas Cylinder Market to 2032, By Material
- Steel is the largest segment in Global Gas Cylinder Market to 2032 with a revenue of 2.64 USD Billion in the year 2024.
- Steel is the Fastest growing segment in Global Gas Cylinder Market to 2032 with a Growth rate of 5.62 % in forecast period 2025-2032.
Global Gas Cylinder Market Company Share Analysis
| Company Name |
|
||
| 3M | |||
| Linde PLC | |||
| Drägerwerk AG & Co. KGaA, | |||
| Worthington Industries Inc. | |||
| Luxfer Gas Cylinders | |||
Global Gas Cylinder Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Gas Cylinder Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Gas Cylinder Market is segmented based on Segmentation Application,Gas,Wrap,Product,Material.
Global Gas Cylinder Market was valued at USD 3.43(Revenue in USD Billion) in 2021.
Global Gas Cylinder Market is projected to grow at a CAGR of 5.55% during the forecast period of 2024 to 2032.
The High Pressure segment is expected to dominate the Global Gas Cylinder Market, holding a largest market share of 2.92 USD Billion in 2024
Global Gas Cylinder Market Scope
Global Gas Cylinder Market Segmentation & Scope
Application
- Transportation
- Processing Industries
- Kitchen And Domestic
- Medicals
- Others
Gas
- Others
- Oxidizers
- Pyrophoric Gases
- Toxic Gases
- Flammable Gases
- Inert Gases
Wrap
- Others
- Carbon Fiber
- Aramid Fiber
- Glass Fiber
- Wrap Less
Product
- Others
- Acetylene
- Low Pressure
- High Pressure
Material
- Others
- Composite
- Steel
Frequently Asked Questions
The Global Gas Cylinder Market is segmented based on Segmentation Application,Gas,Wrap,Product,Material.
Global Gas Cylinder Market was valued at USD 3.43(Revenue in USD Billion) in 2021.
Global Gas Cylinder Market is projected to grow at a CAGR of 5.55% during the forecast period of 2024 to 2032.
The estimated market value of the Global Gas Cylinder Market for final year is USD 5.18 (USD Billion).
Global Gas Cylinder Market Company Profiling
Frequently Asked Questions
The Global Gas Cylinder Market is segmented based on Segmentation Application,Gas,Wrap,Product,Material.
Global Gas Cylinder Market was valued at USD 3.43(Revenue in USD Billion) in 2021.
Global Gas Cylinder Market is projected to grow at a CAGR of 5.55% during the forecast period of 2024 to 2032.
The estimated market value of the Global Gas Cylinder Market for final year is USD 5.18 (USD Billion).
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