Propane Cylinders Market Size, Industry Analysis Report by Product Size(20 Lb, 30 Lb, 40 Lb, 100 Lb), by Application(Industrial use, Commercial use, RV’S and Camping, Residential) & Region - Forecasts

  • 02/08/2022
  • 224
  • Energy & Power


Global Propane Cylinders Market Analysis by Product Size, Application, Region and segments forecast till 2033


Market Overview

The Global Propane Cylinders market is presently worth USD 4,600 million and is poised to amplify at a CAGR of 11.6% over 2023-2033, thereby amassing a valuation of USD 9,800 million by end of the assessment timeline.


Report Scope

Report Attributes


Market Forecast in 2022

USD 4,600 Million

Market Forecast in 2033

USD 9,800 Million

CAGR % 2023-2033


Base Year


Historic Data


Forecast Period


Report USP

Product Size, Consumption, company share, company heatmap, company Material Product Size capacity, growth factors and more

Segments Covered

Product Size, Application

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Sinoma Science & Technology, Worthington Industries, Rama Cylinders, Faber Industrie, Luxfer Group, Ningbo Meike Acetylene Cylinders, Bernzomatic, Coleman, Blue Rhino, Flame King, Beijing Tianhai Industry, and Hebei Baigong Industrial.


Propane is a pressurised flammable hydrocarbon gas that is frequently used as a fuel for heating, cooking, hot water, and transportation. For this wide range of purposes, propane cylinders are available in a variety of sizes. Any of the six Parker Gas stores during regular business hours will allow users to refill their propane cylinder, regardless of its size.

High energy consumption due to rising energy demand in industrial and commercial end uses is a major development driver for the sector. A significant component of the expanding worldwide commercial end-use market is propane. The expanding hospitality sector in the MEA and APAC countries will provide this end-use significant worldwide traction. Demand is anticipated to rise in the following eight years due to this occurrence.

Federal governments have increased their manufacturing spending to meet rising demand as a result of growing population and rapid industrialization in developing nations. However, this product is gaining popularity in industrialized nations and will present a sizable chance in developing nations before the decade is over.

In addition to being used as energy, it serves as a raw material for the manufacturing of propylene and ethylene. Additionally, the product is gaining popularity in the business, agricultural, and residential sectors, which prompted various legislative initiatives and restrictions pertaining to safe use. Industrial dominated the worldwide propane market in 2022 and is predicted to do so again due to expanding industrial uses.

Research on a variety of novel sustainable technologies that use bio-based raw materials for production has been rekindled as a result of the depletion of non-renewable resources, the rising price of crude oil, and growing environmental concerns. Innovative sustainable technologies can overcome the tightening of governmental and federal rules that are expected to impede conventional non-renewable resource processing.

Given that cheap switching costs have recently diminished supplier influence, there has been an increasing push towards the production of high-quality items to keep customers who have been loyal. To improve their position in the worldwide propane market, manufacturers are consequently constantly engaged in product development and research, technical innovation, and strategic partnerships.


Product Size Insights

The 20 Lb has dominated the market growth over the forecast period. The 20 lb size propane cylinder is a popular size used for residential grilling and heating applications, and it is also commonly used in small businesses such as food trucks and landscaping companies. The growth of these industries and the increasing demand for propane-powered equipment could lead to a corresponding growth in the 20 lb size propane cylinder market.


Application Insights

Residential hold the largest market share, and is expected to grow more in the coming future years, Air cooling, water heating, food preparation and storage, clothing drying, lighting, and fireplace fuelling are among things that propane is used for. Propane is mostly utilised in mobile homes and rural residences without natural gas service. Propane is used in millions of homes to supply some of their energy needs.


Regional Insights

The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, APAC is projected to capture a substantial revenue share over 2023-2033. The surge in demand from propane dehydrogenation, or PDH, plants is the main cause of the country's rising imports of propane.


Competitive Analysis

The prominent companies defining the competitive terrain of this marketplace are Sinoma Science & Technology, Worthington Industries, Rama Cylinders, Faber Industrie, Luxfer Group, Ningbo Meike Acetylene Cylinders, Bernzomatic, Coleman, Blue Rhino, Flame King, Beijing Tianhai Industry, and Hebei Baigong Industrial.

In August 2021, Flame King, a leading manufacturer of portable propane cylinders and tanks, announced the launch of its new 33-pound propane cylinder. The new cylinder features a unique design that makes it easier to transport and store, while also providing users with greater safety and convenience.


Global Propane Cylinders Market- Segmental Analysis

By Product size

• 20 Lb

• 30 Lb

• 40 Lb

• 100 Lb

• Others


By application

Industrial use

• Commercial use

• RV’S and Camping

• Residential

• Others


Why to buy this Report?

The report provides quantitative and qualitative aspect for Global Propane Cylinders Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both Product Sizeion and consumption point of view at the regional and country level. Key Factors considered within the report scope are Product Sizeion capacity by countries/regions, average End Use, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in Global Propane Cylinders Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

             Business Model

             Product Sizeion Capacity, Revenue, Sales, Gross Margin

             Key Business Strategy

             SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the Card Product Size in taking a key decision within the business:

             Company Share Analysis from 2020-2022

             Company Analysis by Revenue and Sales

             Company Product Size Capacity, Gross Margin

             Company Share Analysis by Card Product Size/Card Product Size

             Company Share Analysis by Product Size/Specification

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