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| Data Timeline | Historical Data: 2022–2025 | Base Year: 2025 | Forecast Period: 2026–2034 |
|---|---|
| Application Segment | Households, Automobiles, Leisure, Other |
| Product Segment | Metal LPG Cylinder, Composite LPG Cylinder |
| Regions & Countries |
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Expansion of the residential sector boosts the need for cooking gas cylinders The availability of LPG refilling stations enhances convenience for consumers Industrial applications of LPG fuel manufacturing processes are expanding
Fluctuating LPG prices create uncertainty for consumers and businesses High initial costs associated with LPG cylinder installation can deter consumers
Increasing focus on sustainable and eco-friendly LPG cylinder solutions Investing in research and development of new cylinder materials
Country-level data · Company profiles · Editable dataset · Analyst consultation included.
| Region / Country | 2021 (A) | 2025 (A) | 2033 (P) | CAGR |
|---|
A = Actual · E = Estimated · P = Projected · 🔒 Locked values require full access. Click headers to sort.
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The competitive landscape of the LPG gas cylinder market is characterized by a mix of established competitors and new entrants. Product innovation, such as better safety features and the incorporation of smart technology, are key strategies. Companies are also focusing on increasing distribution networks and improving customer service to acquire a competitive advantage. Strategic cooperation and alliances with stakeholders along the supply chain are prevalent, contributing to driving market effectiveness and accessibility.
In February 2024, Confidence Petroleum India Limited, a key player in the LPG and CNG industry, announced its entry into the rapidly expanding Green Hydrogen Type-4 Cylinder manufacturing market through Silversky Exim Pvt. Ltd., a subsidiary of Confidence Futuristic Energetech Ltd. The company demonstrated its commitment to the global energy transition by focusing on innovation and environmental responsibility, aiming to revolutionize hydrogen storage and promote green hydrogen solutions. (Source: https://www.business-standard.com/content/press-releases-ani/confidence-group-to-launch-hi-tech-hydrogen-cylinders-becomes-first-company-in-india-to-import-technology-124021600572_1.html) In June 2024, Indane introduced composite LPG gas cylinders designed to offer a safer and more efficient solution for domestic gas use. Made from blow-molded high-density polyethylene with three layers of fiber material, these cylinders were lightweight and easy to handle. The design also enhanced safety by making the cylinders explosion-proof. (Source: https://trak.in/stories/explosion-free-lpg-cylinder-launched-at-rs-590-for-10-kg/) In July 2023, Goa Shipyard Limited (GSL) reached a significant milestone by launching the second vessel in a series of two LPG Cylinder Carrier Vessels. As part of a contract with Port Shipping & Aviation, UT of Lakshadweep, the vessel was designed to transport LPG cylinders and 60 tons of packed petroleum products and was built in compliance with Merchant Shipping rules. (Source: https://www.financialexpress.com/business/infrastructure-lpg-cylinder-carrier-vessel-launched-for-port-shipping-aviation-lakshadweep-3171742/)
| Company | 2022 (A) | 2023 (A) | 2024 (A) | 2025 (A) |
|---|---|---|---|---|
| Worthington | ••• | ••• | ••• | ••• |
| Sahamitr Pressure Container | ••• | ••• | ••• | ••• |
| Time Technoplast | ••• | ••• | ••• | ••• |
| Huanri Group | ••• | ••• | ••• | ••• |
| Mauria Udyog | ••• | ••• | ••• | ••• |
| Hexagon Composites | ••• | ••• | ••• | ••• |
Revenue data requires full access. *2nd & 3rd tier companies available on enquiry.
Request company profile for validation →According to Cognitive Market Research, the global LPG gas cylinder market size was USD 2815.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.50% from 2024 to 2031.
LPG gas cylinders are portable containers utilized to store liquefied petroleum gas, which is widely used for cooking, heating, and commercial applications. The market for LPG petrol cylinders has been expanding rapidly due to rising demand for cleaner and more efficient fuel options. Urbanization, rising disposable incomes, and an increasing focus on renewable energy sources have contributed substantially to this growth. The growth of the residential and commercial sectors, along with government attempts to promote LPG consumption, has boosted market demand. Furthermore, advances in cylinder manufacture, such as enhanced security features and smart technology, have increased consumer trust and accessibility. As the world converts to cleaner energy, the LPG gas cylinder industry is expected to grow further.
In February 2024, Emirates Gas, a subsidiary of ENOC Group, launched 2 kg and 11 kg Marine LPG Composite Cylinders, the first of their kind in the UAE, at the Dubai International Boat Show. These cylinders featured enhanced safety, durability, and a marine regulator resistant to water and salinity, catering to the marine lifestyle. (Source: https://www.wam.ae/en/article/b1w4bz1-emirates-gas-launches-first-marine-lpg-composite)
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| Application | Households, Automobiles, Leisure, Other |
| Product | Metal LPG Cylinder, Composite LPG Cylinder |
| List of Competitors | Worthington, Sahamitr Pressure Container, Time Technoplast, Huanri Group, Mauria Udyog, Hexagon Composites |
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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