Global LPG Cylinder Market Growth 2025-2031

The global LPG Cylinder market size is predicted to grow from US$ 2550 million in 2025 to US$ 3140 million in 2031; it is expected to grow at a CAGR of 3.5% from 2025 to 2031.

LPG Cylinders are specialized storage devices engineered for the safe containment and transportation of liquefied petroleum gas (LPG). Typically constructed from high-strength steel, these cylinders are designed to withstand high pressures and harsh environmental conditions, ensuring that LPG remains in its liquid state during both storage and transit. Their robust construction, combined with advanced safety features, makes them indispensable for domestic applications where LPG is used to fuel kitchen stoves, water heaters, and other household appliances. This versatility extends to outdoor settings as well, as LPG cylinders are widely used in caravans, camping excursions, and barbecues. Beyond residential purposes, these cylinders serve a broad spectrum of industrial and commercial needs. They are employed in sectors such as transportation, construction, and recreational activities, and are even found in specialized applications like hot air ballooning, hospitality services, agricultural operations, calefaction systems, and fishing. This wide range of applications underscores the LPG cylinder’s critical role in modern energy distribution, offering a safe and reliable means to store and deliver LPG to meet both everyday and specialized energy demands.

Globally, the LPG cylinder market is characterized by dynamic competition and diverse regional demand. Leading manufacturers such as Worthington Industries, Huanri, Hebei Baigong, Aygaz, and Manchester Tank are at the forefront of this industry, with the top five players collectively capturing about 30% of the global market share. The industry is notably segmented by product type, with LPG Steel Cylinders dominating with an approximate 85% share, reflecting industry confidence in steel for its durability and ability to maintain the structural integrity required in high-pressure environments. Market distribution is similarly varied; Europe stands as the largest market, accounting for roughly 40% of global demand. This prominence is driven by stringent safety standards and a mature energy infrastructure that favors reliable LPG storage solutions. In contrast, both China and North America hold significant positions in the market, each contributing around 20% to the global share. These regional disparities are influenced by factors such as regulatory frameworks, economic development, and consumer preferences, all of which shape the competitive landscape and drive ongoing innovation in the design and production of LPG cylinders.

Looking forward, trends in the LPG cylinder sector point to continued innovation, diversification, and an increasing emphasis on safety and environmental sustainability. Manufacturers are investing heavily in advanced production techniques and research into enhanced materials, aiming to develop cylinders that not only offer superior safety features but also reduce the environmental impact associated with their production and disposal. Technological improvements in metallurgy and engineering are expected to yield more efficient and longer-lasting LPG cylinders that cater to a broader array of applications—from traditional domestic uses such as kitchen and heating systems to emerging markets in automotive and industrial processes. As consumers and regulatory bodies alike demand higher safety standards and more sustainable energy solutions, the industry is likely to experience significant growth and transformation. This evolution will be driven by a dual focus: meeting the immediate, everyday needs of households while simultaneously addressing the complex challenges of industrial energy storage and transportation. In this rapidly changing global energy landscape, the LPG cylinder market is set to balance safety, efficiency, and environmental considerations, ensuring its continued relevance and expansion in the years to come.

LP Information, Inc. (LPI) ' newest research report, the “LPG Cylinder Industry Forecast” looks at past sales and reviews total world LPG Cylinder sales in 2024, providing a comprehensive analysis by region and market sector of projected LPG Cylinder sales for 2025 through 2031. With LPG Cylinder sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LPG Cylinder industry.

This Insight Report provides a comprehensive analysis of the global LPG Cylinder landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LPG Cylinder portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global LPG Cylinder market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LPG Cylinder and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LPG Cylinder.

This report presents a comprehensive overview, market shares, and growth opportunities of LPG Cylinder market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
LPG Steel Cylinders
LPG Composite Cylinders
Others

Segmentation by Application:
Home Use
Automotive Use
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Worthington Industries
Hebei Baigong
Sahamitr Pressure Container
Mauria Udyog
Manchester Tank
Aygaz
Jiangsu Minsheng
Butagaz
Bhiwadi Cylinders
EVAS
PT PRAJAMITA INTERNUSA
Faber Industrie
Chemet
MetalMate
VÍTKOVICE
Luxfer Gas Cylinders
SAHUWALA CYLINDERS
Aburi Composites
MBG

Key Questions Addressed in this Report

What is the 10-year outlook for the global LPG Cylinder market?

What factors are driving LPG Cylinder market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LPG Cylinder market opportunities vary by end market size?

How does LPG Cylinder break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.