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    Industrial Gas Cylinders Market Report

    Industrial Gas Cylinders Market Report
    Report code - SR1461 Published On : Dec,2021 No. of Pages: 135
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    Industrial Gas Cylinders Market Size, Share, Trend, Forecast, Competitive Analysis, and Gr See more...

    Impact of COVID-19 on Industrial Gas Cylinders Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Industrial Gas Cylinders Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Highlights

    Industrial gases refer to a group of gases that are manufactured commercially and sold for use in other applications. These gases, which include helium, nitrogen, oxygen, hydrogen, carbon dioxide, argon, and acetylene, play a pivotal role in the smooth and efficient operations of a number of industries, such as chemical manufacturing, steel manufacturing & metal fabrication, electronics, food & beverage, and water treatment. They are used for a wide range of applications, such as petrochemical and fertilizer production, primary and fabricated metals production, semiconductor manufacturing, carbonation, oil refining, and treatment of wastewater, drinking water, lakes, and streams. Industrial gases are compressed into a cylinder at pressures of up to 300 bar as standard. These cylinders are made up of high-strength steel or aluminum that are capable of withstanding high pressures.    

    The COVID-19 pandemic brought severe repercussions for various end-use industries all across the globe, such as supply chain disruption, shortage of labor, interruption in production schedules, and shot up in raw material prices. The slowdown of industrial activities has led to a massive decline in the industrial gas cylinders market in 2020. However, the stabilization of the COVID-19 situation and increase in industrial activities will help the market of industrial gas cylinders to gain momentum. Also, the rapid industrialization of developing economies is expected to further accelerate the market. Based on the expected recovery in the demand coupled with the primary interviews with the industry experts, it is expected that the industrial gas cylinders market to reach an annual size of US$ 772.5 Million in 2026.

    Market Segments' Analysis

    Based on 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.

    In terms of regions, 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.

    Key Players

    The supply chain of this market comprises raw material suppliers, cylinder manufacturers, and industrial gas companies. Following are the key players in the industrial gas cylinders market.

    • 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.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s industrial gas cylinders market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The industrial gas cylinders market is segmented into the following categories. 

    Industrial Gas Cylinders Market, by Gas Type

    • Oxygen (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nitrogen (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Carbon Dioxide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Argon (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Acetylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Industrial Gas Cylinders Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and Rest of Asia-Pacific
    • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The industrial gas cylinders market is estimated to grow at a CAGR of 3.8% by 2026.

    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), and Worthington Industries, Inc. are the leading players in the industrial gas cylinders market.

    Asia-Pacific is estimated to remain dominant in the industrial gas cylinders market in the foreseen future.

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