Middle East and Africa Gas Cylinder Market – Industry Trends and Forecast to 2030

Solicitud de índiceSolicitud de índice Hable con el analistaHable con el analista Comprar ahoraComprar ahora Consultar antes de comprarConsultar antes Informe de muestra gratuitoInforme de muestra gratuito

Middle East and Africa Gas Cylinder Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Published Report
  • Dec 2022
  • MEA
  • 350 Páginas
  • Número de tablas: 220
  • Número de figuras: 60

Middle East And Africa Gas Cylinder Market

Tamaño del mercado en miles de millones de dólares

Tasa de crecimiento anual compuesta (CAGR) :  % Diagram

Diagram Período de pronóstico
2024 –2030
Diagram Tamaño del mercado (año base)
MILLONES DE DÓLARES
Diagram Tamaño del mercado (año de pronóstico)
USD 180,652.27
Diagram Tasa de crecimiento anual compuesta (CAGR)
%
Diagram Jugadoras de los principales mercados
  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

Middle East and Africa Gas Cylinder Market, By Material Type (Steel, Composite, And Others), Product (Low Pressure, High Pressure, Acetylene and Others), Wrap Type (Wrap Less, Glass Fiber, Aramid Fiber, Carbon Fiber And Others), Gas (Inert Gases, Flammable Gases, Toxic Gases, Pyrophoric Gases, Oxidizers And Others), Application (Kitchen And Domestic, Processing Industries, Medical, Transportation And Others) - Industry Trends and Forecast to 2030.

Gas Cylinder Market

Middle East and Africa Gas Cylinder Market Analysis and Insights

An increase in demand for medical oxygen cylinders is an important driver for the Middle East and Africa gas cylinder market. The rise in the consumption of L.P.G. cylinders for various applications is gaining prominence. An increase in the number of government activities aimed at increasing consumer awareness and demand for gas cylinders in various sectors are expected to propel the growth of the Middle East and Africa gas cylinder market.

Gas Cylinder Market

Gas Cylinder Market

The gas cylinder market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.3% in the forecast period of 2023 to 2030 and is expected to reach USD 180,652.27 thousand by 2030.

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2020- 2015)

Quantitative Units

Revenue in USD Thousand

Segments Covered

By Material Type (Steel, Composite, And Others), Product (Low Pressure, High Pressure, Acetylene and Others), Wrap Type (Wrap Less, Glass Fiber, Aramid Fiber, Carbon Fiber And Others), Gas (Inert Gases, Flammable Gases, Toxic Gases, Pyrophoric Gases, Oxidizers And Others), Application (Kitchen And Domestic, Processing Industries, Medical, Transportation And Others

Countries Covered

Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)

Market Players Covered

3M, Aygaz A.Ş., FABER INDUSTRIE SPA, Hexagon Ragasco AS, Luxfer Gas Cylinders, Worthington Industries Inc, Beijing Tianhai Industry Co., Ltd., Drägerwerk AG & Co. KGaA, EKC, Linde plc, Time Technoplast Ltd., MS GROUP, Welz Gas Cylinder GmbH, and Zhejiang Tianlong cylinder co., L.T.D.

Market Definition

A gas cylinder is a pressure vessel that stores gases at higher than atmospheric pressures. High-pressure gas cylinders, also known as bottles. Depending on the physical qualities of the item, the stored components inside the cylinder may be in a supercritical fluid, compressed gas, Vapour over liquid, or dissolved in a substrate material. The valve and connecting connection are positioned at the top of a normal gas cylinder design, extending and standing upright on a flattened bottom end. The increasing focus of renowned manufacturers on developing unique cylinder designs that are capable of improving safety measures, optimizing handling and storage abilities, and are lightweight is anticipated to drive the market. The increased use of gas cylinders in various applications such as water treatment, soldering, beverage dispensing, medical purposes, heating and cooking, and fire extinguishing is expected to increase demand worldwide.

Gas Cylinder Market Dynamics

Drivers

  • Increase in the demand of medical oxygen cylinder

Medical care providers frequently use oxygen gas cylinders for therapeutic and diagnostic reasons. Medical oxygen gas systems, such as oxygen, concentrators, and compressed oxygen gas cylinders, are widely used in homecare settings and are typically selected by elderly patients with mobility issues and require a consistent oxygen supply.

The Middle East and Africa increase in industrialization has had a negative impact on the overall quality of breathing air. Because of fast growth and increased pollution, the air quality index (AQI) has been elevated, increasing the prevalence of respiratory disorders. Patients suffering from chronic respiratory diseases (CRDs) such as Chronic Obstructive Pulmonary Disease (COPD) require oxygen supplementation to improve their quality of life. Pollution, cigarette smoke, occupational chemicals and dust, and other factors can contribute to Chronic Rrespiratory Diseases (CRDs). In recent years, there has been an increase in the senior population with chronic conditions requiring ongoing respiratory assistance.

  • Rise in the consumption of LPG cylinders for various application

Liquefied petroleum gas (LPG) is a fuel that burns cleanly, is sustainable, and is efficient. Because it is a sustainable, low-carbon, efficient, and innovative energy source. It provides advantages to customers. Industry and the environment LPG is less expensive than other traditional fuels since most of its energy is turned into heat, and it can be transported, stored, and utilized in a wide range of applications, including residential, commercial, agriculture, industrial, and auto gas.

 LPG is a gas, but it is frequently kept under pressure, which converts it to a liquid. One of the major advantages of LPG over other energy sources is its ease of transportation. It has a better heating value and contains no Sulphur. Because LPG burns regularly, it is more dependable than other kinds of energy. LPG is more ecologically friendly than other energy sources. Though all energy sources emit carbon dioxide, when compared to oil, LPG emits just 81% of the carbon dioxide that oil produces. When compared to coal, another energy source, LPG emits just 70% of the carbon dioxide.

Opportunities

  • Rise in cylinder innovation and technological advancements

Gas cylinder manufacturers are constantly improving their cylinder packages to satisfy changing market demands. Higher pressures, digital displays, and newly engineered guards and valves allow for more gas, cylinder intelligence, and simpler transportation without compromising safety. The transportation of high-value gases is crucial, increasing the demand for secure, controlled gas cylinders. Advances in the compression of volatile and nonreactive gases have affected the production of gas cylinders. Enhanced safety and innovative cylinder designs have improved the handling and storage capabilities of gas cylinders. As a result of this rise in cylinder innovation and technological advancements are expected to provide a market growth opportunity for the gas cylinder market. As a result of this rise in cylinder innovation and technological advancements are expected to provide a market growth opportunity for the gas cylinder market.

Restraints/Challenges

  • The fluctuations of gas cylinder prices

Gas cylinders are made up of materials like steel, composite, and others. Steel materials are majorly used in the manufacturing of gas cylinders because of their better anti-stress capability, which saves energy during production, increases strength, anl is 100% recyclable at the end of the ' 'product's life. The composite cylinder is made from aluminum alloy, and the Composite cylinder is a three-layer cylinder made up of a blow-molded HDPE inner liner, covered with a composite layer of polymer-wrapped fiberglass, and fitted with a HDPE outer jacket. The prices of these materials are fluctuating in recent years, which makes gas cylinder prices also fluctuate.

Iron ore and scrap metal are the 2 major raw materials used in the steelmaking process. That is to say, steel production cost is directly related to the prices and availability of iron ore and scrap. For Instance, for the past few months, the continuously surging prices of iron ore from Australia (the largest supplier of iron ore in Middle East and Africa trade) have been directly reflected in the recent spike in the steel market. Meanwhile, the availability of scrap metal used for recycled steel production can also affect costs.

  • Due to rising demand for different gases, the supply chain system is under intense strain

The globe is in a supply chain crisis, with firms in every industry facing significant hurdles. A Middle East and Africa shipping problem has resulted from the epidemic and its Middle East and Africa reaction. Demand is outstripping supply, sea freight prices are at an all-time high, and container capacity is extremely limited. Unfortunately, there is no quick answer, and it appears that high shipping charges, lengthier lead times, and capacity bottlenecks will remain in the first half of 2022. Shipping businesses have predicted that things would start to improve in the second part of the year.

The major raw materials needed to fabricate gas cylinders posed another hurdle to the Middle East and Africa supply chain. The epidemic has caused major disruption worldwide in mining and industry, resulting in a Middle East and Africa scarcity of aluminum. As a result, aluminum prices have doubled, and cylinder makers can't acquire enough aluminum to boost manufacturing capacity, while mounting demand and supply restrictions have driven carbon fibre costs to record highs. The Russian invasion of Ukraine has unintended consequences, such as higher gasoline prices and flights being rerouted to avoid Russian airspace.

Recent Development

  • In September 2022, Worthington Industries' new plant serving the hydrogen mobility market was completed in under two years. The new plant will produce Type III and IV composite pressure cylinders. The cylinders are lightweight and made of metallic or polymeric liners with carbon fiber reinforcement that can withstand high pressures. Applications include onboard fueling systems for cars, trucks, buses, trains, and ships, as well as storage and transport containers for compressed hydrogen and compressed natural gas (CNG)
  • In August 2019, Aygaz, the most preferred and trusted LPG brand in Turkey, introduced its new cylinder Aygaz Mini, created with an innovative approach, and Aygaz Mini Cooktop, designed specifically for the small cylinder. "Aygaz Mini", which contains 2kg of LPG and can be connected to kitchen stoves with only a regulator and no additional equipment, is Turkey's first and only cylinder that can be used anywhere thanks to its special "Aygaz Mini Cooktop". This will increase's company’s revenue and production

Gas Cylinder Market Scope

The gas cylinder market is categorized based on material, product, wrap type, gas and application. The growth amongst five segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Material

  • Steel
  • Composite
  • Others

On the basis of material, the gas cylinder market is segmented into steel, composite, and others.

Product

  • High pressure
  • Low pressure
  • Acetylene

On the basis of product, the gas cylinder market is is segmented intohigh pressure, low pressure, and acetylene.

Wraps

On the basis of wrap type, the gas cylinder market is segmented into wrap less, glass fiber, aramid fiber, carbon fiber, and others.

Gas

  • Flammable gases
  • Inert gases
  • Toxic gases
  • Pyrophoric gases
  • Oxidizers
  • Others

On the basis of gas, the gas cylinder market is segmented into inert gases, flammable gases, toxic gases, pyrophoric gases, oxidizers, and others.

Application

  • Kitchen and domestic
  • Processing industries
  • Medical
  • Transportation
  • Others

On the basis of application, the gas cylinder market is segmented into kitchen and domestic, processing industries, medical, transportation, and others.

Gas Cylinder Market Regional Analysis/Insights

The gas cylinder market is segmented on the basis of material, product, wrap type, gas and application.

The major countries covered in the gas cylinder market report are the Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA.

Saudi Arabia is dominating the Middle East and Africa gas cylinder market in terms of market share and market revenue due to increase in demand for medical oxygen cylinder.

The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Gas Cylinder Market Share Analysis

The gas cylinder market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the gas cylinder market.

Some of the major market players engaged in the Middle East and Africa gas cylinder market are 3M, Aygaz A.Ş., FABER INDUSTRIE SPA, Hexagon Ragasco AS, Luxfer Gas Cylinders, Worthington Industries Inc, Beijing Tianhai Industry Co., Ltd., Drägerwerk AG & Co. KGaA, EKC, Linde plc, Time Technoplast Ltd., MS GROUP, Welz Gas Cylinder GmbH, and Zhejiang Tianlong cylinder co., L.T.D. among others.


SKU-

Obtenga acceso en línea al informe sobre la primera nube de inteligencia de mercado del mundo

  • Panel de análisis de datos interactivo
  • Panel de análisis de empresas para oportunidades con alto potencial de crecimiento
  • Acceso de analista de investigación para personalización y consultas
  • Análisis de la competencia con panel interactivo
  • Últimas noticias, actualizaciones y análisis de tendencias
  • Aproveche el poder del análisis de referencia para un seguimiento integral de la competencia
Solicitud de demostración

Metodología de investigación

La recopilación de datos y el análisis del año base se realizan utilizando módulos de recopilación de datos con muestras de gran tamaño. La etapa incluye la obtención de información de mercado o datos relacionados a través de varias fuentes y estrategias. Incluye el examen y la planificación de todos los datos adquiridos del pasado con antelación. Asimismo, abarca el examen de las inconsistencias de información observadas en diferentes fuentes de información. Los datos de mercado se analizan y estiman utilizando modelos estadísticos y coherentes de mercado. Además, el análisis de la participación de mercado y el análisis de tendencias clave son los principales factores de éxito en el informe de mercado. Para obtener más información, solicite una llamada de un analista o envíe su consulta.

La metodología de investigación clave utilizada por el equipo de investigación de DBMR es la triangulación de datos, que implica la extracción de datos, el análisis del impacto de las variables de datos en el mercado y la validación primaria (experto en la industria). Los modelos de datos incluyen cuadrícula de posicionamiento de proveedores, análisis de línea de tiempo de mercado, descripción general y guía del mercado, cuadrícula de posicionamiento de la empresa, análisis de patentes, análisis de precios, análisis de participación de mercado de la empresa, estándares de medición, análisis global versus regional y de participación de proveedores. Para obtener más información sobre la metodología de investigación, envíe una consulta para hablar con nuestros expertos de la industria.

Personalización disponible

Data Bridge Market Research es líder en investigación formativa avanzada. Nos enorgullecemos de brindar servicios a nuestros clientes existentes y nuevos con datos y análisis que coinciden y se adaptan a sus objetivos. El informe se puede personalizar para incluir análisis de tendencias de precios de marcas objetivo, comprensión del mercado de países adicionales (solicite la lista de países), datos de resultados de ensayos clínicos, revisión de literatura, análisis de mercado renovado y base de productos. El análisis de mercado de competidores objetivo se puede analizar desde análisis basados ​​en tecnología hasta estrategias de cartera de mercado. Podemos agregar tantos competidores sobre los que necesite datos en el formato y estilo de datos que esté buscando. Nuestro equipo de analistas también puede proporcionarle datos en archivos de Excel sin procesar, tablas dinámicas (libro de datos) o puede ayudarlo a crear presentaciones a partir de los conjuntos de datos disponibles en el informe.

Preguntas frecuentes

The Middle East and Africa Gas Cylinder Market is anticipated to 4.3% CAGR forecast by 2030.
The Middle East and Africa Gas Cylinder Market will be worth $180,652.27 thousand by 2030.
The Middle East and Africa Gas Cylinder Market is segmented by material, product, wrap type, gas and application.
Saudi Arabia is dominating the Middle East and Africa gas cylinder market in terms of market share and market revenue due to increase in demand for medical oxygen cylinder.