Industrial Gas Cylinders Global Market Report 2025

The industrial gas cylinders market size has grown strongly in recent years. It will grow from $6.93 billion in 2024 to $7.41 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to the increasing demand from manufacturing and metal fabrication industries, rising utilization of medical gases in healthcare facilities, expansion of oil and gas exploration and refining operations, growing adoption of industrial gases in food and beverage processing, and the surge in welding and cutting activities within the automotive and construction sectors.

The industrial gas cylinders market size is expected to see strong growth in the next few years. It will grow to $9.53 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing investments in renewable energy and hydrogen infrastructure, rising demand for specialty gases in electronics and semiconductor manufacturing, expanding healthcare infrastructure in emerging economies, growing use of lightweight and composite cylinder materials, and the widening applications of industrial gases in pharmaceuticals and biotechnology. Major trends in the forecast period include the adoption of lightweight composite cylinders for enhanced safety and portability, integration of smart cylinders equipped with IoT sensors for real-time monitoring, development of high-pressure cylinders for greater gas storage efficiency, expansion of customized cylinder designs tailored to industrial and medical needs, and a growing shift toward sustainable and recyclable cylinder materials.

The increase in natural gas production is expected to drive the growth of the industrial gas cylinders market going forward. Natural gas is a fossil fuel primarily composed of methane (CH₄) along with smaller quantities of hydrocarbons such as ethane, propane, and butane. The rising demand for liquefied natural gas exports and elevated energy prices are stimulating drilling activity across major production regions, leading to record-high natural gas output levels. Greater natural gas production necessitates expanded storage and transportation infrastructure, with cylinders serving as essential vessels for safely containing compressed gases during distribution from production sites to end users. For instance, according to the United States Energy Information Administration, a United States-based government agency, in July 2025, domestic dry natural gas production rose to 3.34 trillion cubic feet, averaging 108 billion cubic feet per day, marking a 3.7% increase compared to July 2024. Therefore, the increase in natural gas production is driving the growth of the industrial gas cylinders market.

Key companies operating in the industrial gas cylinders market are focusing on developing lightweight gas containers such as 70 bar calibration gas cylinders to meet the growing demand for efficient and user-friendly gas storage solutions. 70 bar calibration gas cylinders are high-pressure containers used to store and deliver precise gas mixtures for testing and instrument calibration, offering improved safety, portability, and durability for industrial and field operations. For instance, in August 2024, Luxfer Gas Cylinders, a United States-based manufacturer of high-pressure composite and aluminum cylinders, introduced the A981/1/l, a portable calibration gas cylinder with a service pressure of 70 bar and a weight of only 0.8 kg. The cylinder is made using Luxfer’s proprietary aluminum alloy and process, providing stable internal surfaces for a longer shelf life of unstable gas blends and full compliance with TPED and DOT standards. It accommodates a range of calibration gases, including methane, oxygen, nitrogen oxide, and carbon monoxide, delivering robust containment and superior performance for industrial gas producers and calibration gas users across multiple applications.

In September 2023, Air Water America Inc., a United States-based industrial gas company, acquired American Gas Products LLC for an undisclosed amount. This acquisition aims to strengthen Air Water America’s industrial gas presence in North America by ensuring a reliable helium supply, expanding its market share in balloon helium, and supporting growth in key sectors such as healthcare and semiconductors while improving purchasing power and supply stability. American Gas Products LLC is a United States-based manufacturer and supplier of a broad range of industrial gas cylinders.

Major players in the industrial gas cylinders market are Tenaris S.A, Sinoma Science & Technology Co Ltd, Chart Industries Inc, CIMC Enric Holdings Limited, Worthington Enterprises Inc, Supreme Industries Ltd, TriMas Corporation, Hexagon Composites ASA, Luxfer Holdings PLC, Everest Kanto Cylinder Ltd, Sharpsville Container Corporation, Cylinders Holding Group, Norris Cylinder Company, Faber Industrie S.p.A, Rama Cylinders Pvt Ltd, Axcel Gases, Siddivinayaka Industrial Gases Pvt Ltd, Hebei Baigong Industrial Co Ltd, Maruti Koatsu Cylinders Ltd, TAIYO Co Ltd, Shanghai Bene High Pressure Container Co Ltd.

Asia-Pacific was the largest region in the industrial gas cylinders market in 2024. The regions covered in industrial gas cylinders report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The intensifying U.S. tariffs and escalating trade tensions in spring 2025 are expected to have a significant impact on the chemicals sector, which is bearing a disproportionate burden, particularly from tariffs on petrochemicals and intermediates, where affordable domestic substitutes are often unavailable. Producers of specialty chemicals, heavily dependent on Chinese raw materials, are experiencing production disruptions. At the same time, fertilizer manufacturers are seeing profit margins eroded due to tariffs on phosphate imports. In response, companies are ramping up R&D into bio-based alternatives, forming procurement alliances to consolidate buying power, and shifting production to tariff-neutral nations such as Saudi Arabia.

The industrial gas cylinders market research report is one of a series of new reports that provides industrial gas cylinders market statistics, including industrial gas cylinders industry global market size, regional shares, competitors with an industrial gas cylinders market share, detailed industrial gas cylinders market segments, market trends and opportunities, and any further data you may need to thrive in the industrial gas cylinders industry. The industrial gas cylinders market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Industrial gas cylinders are high-pressure vessels designed for the storage and transportation of compressed, liquefied, or dissolved gases used in various industrial applications. They provide secure containment and controlled gas release to ensure operational efficiency and safety. Constructed from durable materials, these cylinders offer long service life, reliability, and resistance to leakage, maintaining consistent gas quality during use.

The primary types of industrial gas cylinders include steel, aluminum, composite, and others. Steel cylinders are durable containers made from high-strength steel, specifically engineered to safely store and transport gases at high pressure. These cylinders are used for gases such as oxygen, nitrogen, argon, carbon dioxide, acetylene, hydrogen, and more, and are available in different sizes, including small, medium, and large. They find applications across sectors such as general industry, chemical energy, food processing, and healthcare, serving end users including manufacturing and processing plants, pharmaceutical and medical facilities, food and beverage producers, and chemical industries.

The countries covered in the industrial gas cylinders market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial gas cylinders market consists of sales of oxygen gas cylinders, nitrogen gas cylinders, argon gas cylinders, hydrogen gas cylinders, carbon dioxide gas cylinders, helium gas cylinders, and acetylene gas cylinders. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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