Liquefied Petroleum Gas (LPG) Cylinder Market by Type and Geography - Global Forecast and Analysis 2019-2023

Liquefied Petroleum Gas (LPG) Cylinder Market by Type and Geography - Global Forecast and Analysis 2019-2023

Global Liquefied Petroleum Gas (LPG) Cylinder Market: About this market

The rising demand for LPG and the high cost of laying pipe networks for LPG distribution have increased the use of LPG cylinders, primarily in domestic applications. Sectors such as construction, transportation, recreation, hot air balloons, agriculture, hospitality, and calefaction are also using LPG cylinders significantly. Technavio’s liquefied petroleum gas cylinder market analysis considers sales from the metal and composite type. Our analysis also considers the sales of liquefied petroleum gas cylinder in APAC, North America, Europe, South America, and MEA. In 2018, the metal segment held the highest market share, which is expected to remain prevalent over the forecast period. Factors such as the availability of government subsidies on metal LPG cylinders, rising disposables income, and the environmental-friendly attribute of these cylinders will significantly help the segment in maintaining its leading market position. Also, our global liquefied petroleum gas cylinder report has observed market growth factors such as increasing use of LPG in many applications, rising subsidies offered by governments to promote LPG use, and lack of infrastructure for distribution of piped natural gas. However, challenges such as availability of alternative fuels, risks associated with LPG cylinders, and re-use of scrapped cylinders may hamper the growth of the liquefied petroleum gas cylinder industry over the forecast period.

Global Liquefied Petroleum Gas Cylinder Market: Overview

Lack of infrastructure for transportation of piped natural gas

Although piped natural gas is convenient to use and cost low for end-users, the lack of infrastructure for the distribution of natural gas through the piped network will create a high demand for LPG cylinders. Governments are promoting the use of LPG cylinders over piped natural gas owing to factors such as high cost of laying natural gas distribution pipelines and the extensive maintenance requirement post-installation. Vendors are capitalizing on these factors and are increasingly offering metal and composite LPG cylinders. As a result, the global liquefied petroleum gas cylinder market will record a CAGR of almost 4% during 2019-2023.

The growing trend toward the use of greener fuels

The trending concept of sustainability has been paving the way to use greener fuels, such as LPG, for cooking purposes. LPG has minimal emissions, low carbon footprint, and high energy value. Moreover, governments across developing nations, such as India, Turkey, and Brazil, are providing subsidies to promote the use of LPG as a cooking fuel than traditional fuels (wood, coals, charcoal, and kerosene). Therefore, the trend is expected to have a positive impact on the overall liquefied petroleum gas cylinder market growth during the forecast period.

For the detailed list of factors that will drive the global liquefied petroleum gas cylinder market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of a few major players, the global liquefied petroleum gas cylinder market is concentrated. Technavio’s robust vendor analysis is designed to help clients in improving their market positions, and in line with this, this report provides a detailed analysis of few leading vendors such as Aygaz AŞ, China Huanri Group Co. Ltd., Hebei baigong high-pressure vessel Co. Ltd., Hexagon Composites ASA, Mauria Udyog Ltd., Metal Mate Co. Ltd., Sahamitr Pressure Container Plc, Supreme Industries Ltd., Time Technoplast Ltd., and Worthington Industries Inc.

Also, the liquefied petroleum gas cylinder market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies in strategizing and leveraging on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendors - Key product offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global oil and gas storage and transportation market
      • Table Segments of global oil and gas storage and transportation market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by type
    • Table Type - Market share 2018-2023 (%)
    • Comparison by type
      • Table Comparison by type
    • Metal - Market size and forecast 2018-2023
      • Table Metal - Market size and forecast 2018-2023 ($ millions)
      • Table Metal - Year-over-year growth 2019-2023 (%)
    • Composite - Market size and forecast 2018-2023
      • Table Composite - Market size and forecast 2018-2023 ($ millions)
      • Table Composite - Year-over-year growth 2019-2023 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing trend toward adoption of composite LPG cylinders
    • Growing trend toward the use of greener fuels
    • Innovative technology to boost access to cooking fuels
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Aygaz Aª
      • Table Aygaz Aª - Vendor overview
      • Table Aygaz Aª - Business segments
      • Table Aygaz Aª - Organizational developments
      • Table Aygaz Aª - Geographic focus
      • Table Aygaz Aª - Segment focus
      • Table Aygaz Aª - Key offerings
    • China Huanri Group Co. Ltd.
      • Table China Huanri Group Co. Ltd. - Vendor overview
      • Table China Huanri Group Co. Ltd. - Product segments
      • Table China Huanri Group Co. Ltd. - Key offerings
    • Hebei baigong high-pressure vessel Co. Ltd.
      • Table Hebei baigong high-pressure vessel Co. Ltd. - Vendor overview
      • Table Hebei baigong high-pressure vessel Co. Ltd. - Product segments
      • Table Hebei baigong high-pressure vessel Co. Ltd. - Key offerings
    • Hexagon Composites ASA
      • Table Hexagon Composites ASA - Vendor overview
      • Table Hexagon Composites ASA - Business segments
      • Table Hexagon Composites ASA - Organizational developments
      • Table Hexagon Composites ASA - Geographic focus
      • Table Hexagon Composites ASA - Segment focus
      • Table Hexagon Composites ASA - Key offerings
    • Mauria Udyog Ltd.
      • Table Mauria Udyog Ltd. - Vendor overview
      • Table Mauria Udyog Ltd. - Business segments
      • Table Mauria Udyog Ltd. - Segment focus
      • Table Mauria Udyog Ltd. - Key offerings
    • Metal Mate Co. Ltd.
      • Table Metal Mate Co. Ltd. - Vendor overview
      • Table Metal Mate Co. Ltd. - Product segments
      • Table Metal Mate Co. Ltd. - Key offerings
    • Sahamitr Pressure Container Plc
      • Table Sahamitr Pressure Container Plc - Vendor overview
      • Table Sahamitr Pressure Container Plc - Business segments
      • Table Sahamitr Pressure Container Plc - Segment focus
      • Table Sahamitr Pressure Container Plc - Key offerings
    • Supreme Industries Ltd.
      • Table Supreme Industries Ltd. - Vendor overview
      • Table Supreme Industries Ltd. - Business segments
      • Table Supreme Industries Ltd. - Segment focus
      • Table Supreme Industries Ltd. - Key offerings
    • Time Technoplast Ltd.
      • Table Time Technoplast Ltd. - Vendor overview
      • Table Time Technoplast Ltd. - Business segments
      • Table Time Technoplast Ltd. - Organizational developments
      • Table Time Technoplast Ltd. - Segment focus
      • Table Time Technoplast Ltd. - Key offerings
    • Worthington Industries Inc.
      • Table Worthington Industries Inc. - Vendor overview
      • Table Worthington Industries Inc. - Business segments
      • Table Worthington Industries Inc. - Organizational developments
      • Table Worthington Industries Inc. - Geographic focus
      • Table Worthington Industries Inc. - Segment focus
      • Table Worthington Industries Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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