The gas cylinders market, valued at more than USD 15 billion in 2024, is experiencing strong growth as both domestic and industrial applications expand. Rising demand for LPG cylinders in residential cooking and heating, coupled with rapid adoption of CNG cylinders in transportation and hydrogen storage cylinders for fuel cells, is reshaping the market outlook. Medical oxygen cylinders remain a lifeline for hospitals, clinics, and home care, while industrial gas cylinders for oxygen, nitrogen, acetylene, and specialty gases continue to support welding, manufacturing, and oil & gas operations. Regional demand in gas cylinders market is dynamic, with Asia-Pacific leading in LPG and CNG consumption, Europe shifting toward composite and lightweight cylinders, and North America focusing on portable, refillable, and ISO-certified cylinders that meet evolving safety standards.
Gas Cylinders overview
Published by MMR Statistics Research Team, Updated