The Industrial Gas Cylinders Market is estimated to grow at a CAGR of 3.8% over the next five years to reach US$ 772.5 Million in 2026.

Top key vendors in the market:

The report mentions a list of key players in the Industrial Gas Cylinders Market. Some of them are mentioned below –

• Beijing Tianhai Industry Co., Ltd.
• Catalina Cylinders
• Cylinders Holding Group
• Everest Kanto Cylinder Ltd.
• FABER INDUSTRIE SPA
• Grupo Mat
• INFLEX-Argentoil S.A.
• Luxfer Holdings PLC
• TriMas Corporation (Norris Cylinder
• Worthington Industries, Inc.

Segment Analysis

Gas Type

The gas type as oxygen, nitrogen, carbon dioxide, helium, argon, acetylene, and other industrial gases. Oxygen gas cylinders dominated the market due to their extensive usage in a broad array of applications, such as oxidation reactions in chemical manufacturing, steel manufacturing, transporting live seafood products, aquaculture, and water treatment applications. However, nitrogen gas is projected to witness the highest growth during the forecast period, driven by the magnificent growth of the pharmaceutical and semiconductor industries.

By Region

Asia-Pacific dominated the industrial gas cylinders market in 2020. Also, the region is likely to witness excellent growth during the forecast period, driven by the exceptional growth in the region’s electronics, chemical, and petrochemical industries. China and India are likely to act as the major growth engines of the region’s market in the coming years.

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