Europe Industrial Gas Cylinder Market was valued at USD 2.0 Billion in 2022 and is projected to reach USD 3.0 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The Europe Industrial Gas Cylinder Market is experiencing significant growth, driven by increasing demand across various industries. These cylinders play a crucial role in sectors such as manufacturing, healthcare, chemicals, and energy, among others. With diverse types of industrial gas cylinders, each designed to meet the specific needs of different industries, understanding the various types and requirements is essential for businesses seeking efficiency and safety in their operations.
Industrial gas cylinders are available in various sizes and materials, such as steel, aluminum, and composite materials. Steel cylinders are commonly used due to their durability and ability to withstand high pressures, making them suitable for gases like oxygen, nitrogen, and argon. Aluminum cylinders, on the other hand, are lighter and often preferred in industries where portability is crucial, such as in medical or scuba diving applications. Composite cylinders are a newer innovation, offering a combination of lightweight properties and high strength, making them ideal for modern applications.
The demand for industrial gas cylinders is largely driven by the needs of industries like energy, where gases are essential for power generation and manufacturing processes. In healthcare, oxygen cylinders are critical for supporting patients in need of respiratory support. The chemical industry also requires industrial gas cylinders for handling and storing various gases used in the production of chemicals, plastics, and pharmaceuticals. These industries require cylinders that can store gases safely and effectively, minimizing risks such as leaks and explosions.
Moreover, the European market is witnessing an increased focus on sustainability and safety, pushing manufacturers to develop cylinders that are not only efficient but also environmentally friendly. For example, cylinders are being designed to meet stringent safety standards while also being recyclable. As industries move towards more sustainable practices, the demand for high-quality, safe, and eco-friendly cylinders continues to grow.
The Industrial Gas Cylinder Market is expanding with innovations in materials, technologies, and safety standards. These advancements cater to the evolving needs of industries, driving both demand and market growth. This ongoing transformation presents opportunities for businesses looking to capitalize on a market that values reliability, innovation, and sustainability.
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Sinomatech
Everest Kanto Cylinders
Worthington Industries
Luxfer Group
Hexagon Composites
Beijing Tianhai Industry
Rama Cylinders
Quantum Technologies
Faber Industrie
Praxair Technologies
CIMC ENRIC
Lianzhong Composites
Avanco Group
Ullit
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Industrial Gas Cylinder Market
Steel Cylinders
Aluminum Cylinders
Composite Cylinders
Other Types
Industrial Use
Medical Use
Food and Beverage Industry
Laboratory Use
Oxygen
Nitrogen
Argon
Carbon Dioxide
Acetylene
Hydrogen
Other Gases
Manufacturing and Processing Industries
Healthcare and Pharmaceuticals
Food and Beverages
Chemical Industries
Others
Small Cylinders
Medium Cylinders
Large Cylinders
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Industrial Gas Cylinder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Industrial Gas Cylinder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Industrial Gas Cylinder Market, By Type
6. Europe Industrial Gas Cylinder Market, By Application
7. Europe Industrial Gas Cylinder Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Industrial Gas Cylinder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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