Gas Cylinder Market, By Material Type (Steel, Composite, And Others)growing with a CAGR of 5.0%

The gas cylinder market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.0% in the forecast period of 2023 to 2030 and is expected to reach USD 4,649,514.48 thousand by 2030.

An increase in demand for medical oxygen cylinders is an important driver for the global gas cylinder market. The rise in the consumption of L.P.G. cylinders for various applications is gaining prominence. An increase in the number of government activities aimed at increasing consumer awareness and demand for gas cylinders in various sectors are expected to propel the growth of the global gas cylinder market.

View Detailed Analysis Report: https://www.databridgemarketresearch.com/reports/global-gas-cylinder-market

Market Definition

A gas cylinder is a pressure vessel that stores gases at higher than atmospheric pressures. High-pressure gas cylinders, also known as bottles. Depending on the physical qualities of the item, the stored components inside the cylinder may be in a supercritical fluid, compressed gas, Vapour over liquid, or dissolved in a substrate material. The valve and connecting connection are positioned at the top of a normal gas cylinder design, extending and standing upright on a flattened bottom end. The increasing focus of renowned manufacturers on developing unique cylinder designs that are capable of improving safety measures, optimizing handling and storage abilities, and are lightweight is anticipated to drive the market. The increased use of gas cylinders in various applications such as water treatment, soldering, beverage dispensing, medical purposes, heating and cooking, and fire extinguishing is expected to increase demand worldwide.

Key Players Analysis:

Some of the major market players engaged in the global gas cylinder market are 3M, Aygaz A.Ş., FABER INDUSTRIE SPA, Hexagon Ragasco AS, Luxfer Gas Cylinders, Worthington Industries Inc, Beijing Tianhai Industry Co., Ltd., Drägerwerk AG & Co. KGaA, EKC, Linde plc, Time Technoplast Ltd., MS GROUP, Welz Gas Cylinder GmbH, and Zhejiang Tianlong cylinder co., L.T.D. among others.

Opportunities

Rise in cylinder innovation and technological advancements

Gas cylinder manufacturers are constantly improving their cylinder packages to satisfy changing market demands. Higher pressures, digital displays, and newly engineered guards and valves allow for more gas, cylinder intelligence, and simpler transportation without compromising safety. The transportation of high-value gases is crucial, increasing the demand for secure, controlled gas cylinders. Advances in the compression of volatile and nonreactive gases have affected the production of gas cylinders. Enhanced safety and innovative cylinder designs have improved the handling and storage capabilities of gas cylinders. As a result of this rise in cylinder innovation and technological advancements are expected to provide a market growth opportunity for the gas cylinder market. As a result of this rise in cylinder innovation and technological advancements are expected to provide a market growth opportunity for the gas cylinder market.

Gas Cylinder Market Scope

The gas cylinder market is categorized based on material, product, wrap type, gas and application. The growth amongst five segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Material

Steel

Composite

Others

On the basis of material, the gas cylinder market is segmented into steel, composite, and others.

Product

High pressure

Low pressure

Acetylene

On the basis of product, the gas cylinder market is is segmented intohigh pressure, low pressure, and acetylene.

Wraps

Wrap less

Glass fiber

Aramid fiber

Carbon fiber

Others

On the basis of wrap type, the gas cylinder market is segmented into wrap less, glass fiber, aramid fiber, carbon fiber, and others.

Gas

Flammable gases

Inert gases

Toxic gases

Pyrophoric gases

Oxidizers

Others

On the basis of gas, the gas cylinder market is segmented into inert gases, flammable gases, toxic gases, pyrophoric gases, oxidizers, and others.

Application

Kitchen and domestic

Processing industries

Medical

Transportation

Others

On the basis of application, the gas cylinder market is segmented into kitchen and domestic, processing industries, medical, transportation, and others.

Explore More Reports:

https://manoj-mrr.blogspot.com/2024/01/cenospheres-market-registering-cagr-of.html

https://manoj-mrr.blogspot.com/2024/01/ceramic-frit-market-to-witness-market.html

https://manoj-mrr.blogspot.com/2024/01/ceramic-matrix-composites-market-will.html

https://manoj-mrr.blogspot.com/2024/01/ceramic-wall-tiles-market-to-reach-usd.html

About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.

Contact Us:
Data Bridge Market Research
Tel: +1-888-389.80-2818 | +44 208 089 1725 | +852 8192 7475
Email: Corporatesales@databridgemarketresearch.com

This release was published on openPR.