Aluminium Cylinder Market Size, Share & Industry Analysis, By Type (High pressure(>2000PSI), Low pressure(<2000PSI)), By Application (Food & Beverage, Medical, Special & Industrial, Others(Scuba, Fire extinguisher, etc.)) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101790 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Aluminium cylinder refers to storage and transport of various gases, such as nitrogen, oxygen, helium, carbon dioxide and natural gases above atmospheric pressure. These gases are utilized mainly in chemical industry, mining industry and hospitality industry. The major application of aluminium cylinder is into the storage and transport of industrial gas, medical oxygen, food & beverage grade gas and alternative aerospace gases. Moreover, high pressure aluminium gas cylinder creates hydrophobic layer on internal surface that does not absorb gas molecules.

The emergence of the global aluminium cylinder market is likely to witness high demand over the forecast period owing to its less weight, ease of transportation, non-affection of carbonic acid and resistance to corrosion nature. The companies are now focusing on aluminium cylinder & related products mainly in North America owing to its cutting edge technology and innovations in the large number of infrastructure development projects that are in progress. Companies are opting for merger & acquisition with local players to sustain the reach and maintain their position in the competitive market. For instance, Luxfer Gas Cylinders has signed a joint venture agreement with Uttam Air Products to manufacture aluminium cylinders in India. Furthermore, in June 2017, Worthington industries has acquired Amtrol for nearly USD 283 million to expand the core competencies of pressure cylinder to wholesale and retail customers.

Key Market Driver -

Key Market Driver – • Strict governmental laws regarding worker safety. • Technological development of gas handling equipment.

Key Market Restraint -

Key Market Restraint – • Unsystematic transport of gas handling equipment.

Key Players Covered:

Key players operating in the global aluminium cylinder market are Luxfer Gas Cylinders, Hexagon Composites ASA, Sinoges, Faber Industrie SPA, Worthington Industries, Al-Can Group, Time Technoplast Ltd., Rubis, Beijing Tianhai Industry Co., Ltd., Aburi Ltd. among others.

Regional Analysis:

The aluminium cylinder market in North America is experiencing the dominance, owing to the strong growth of demand in forecast period. In U.S., strict government standards have positive impact on proper and safest use of gas carrying equipment. Aluminium cylinder market has high demand owing to rapid growth of gas utilization in metallurgical and chemical industries. For instance, in August 2017, Worthington Industries has introduced its lightest type 3 Rail Mount truck installed with brackets to hold an aluminium cylinder.

To gain extensive insights into the market, Request for Customization

Asia Pacific is expected to witness a rapid growth in the forecast period. The sudden rise in population and infrastructural developments is driving the growth of utilization of gas carrying equipment in countries like India and Australia. For instance, Luxfer- Uttam’s exclusive 7000-series alloy hoop wrapped Composite Life support cylinders are available for SCUBA in Australia.

The aluminium cylinder market in Latin America is recovering from low market growth. Countries such as Peru and Brazil are experiencing the significant growth mainly associated with less respiratory deceases, growing demand of natural gases and medical gases.

Segmentation

ATTRIBUTE	DETAILS
By Type	High pressure(>2000PSI) Low pressure(<2000PSI)
By Application	Food & Beverage Medical Special & Industrial Others(Scuba, Fire extinguisher, etc.)
By Geography	North America (the USA, Canada and Rest of North America) Europe (U.K., Germany, France, Italy, Spain, Scandinavia and Rest of Europe) Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico and Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Key Industry Developments

May 2019: - Luxfer gas cylinders experimented its lightweight L7X medical cylinders that offers significant cost saving and productivity improvements.

October 2016: - Hexagon Composites ASA has signed an agreement with Avanco GmbH to acquire its subsidiary, xperion Energy & Environment for nearly around USD 43 Million to expand the position in Europe.

REQUEST SAMPLE

SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Multi-report Purchase Plan

Machinery & Equipment Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )
+91 744 740 1245 (APAC)
[email protected]