According to the report by Expert Market Research (EMR), the Global Aluminium Cylinder Market Size is projected to grow at a CAGR of 6.3% between 2023 and 2028. Aided by the rising demand for lightweight, corrosion-resistant containers and the expanding uses of aluminium cylinders in numerous sectors, the market is expected to grow significantly by 2028.
Aluminium cylinders are widely recognised for their light weight and corrosion-resistant properties, which make them an ideal choice in various applications, including the storage and transportation of gases, in fire extinguishers, and in scuba diving equipment. Their high-pressure holding capacity, combined with durability and recyclability, renders them valuable in a broad spectrum of industrial applications, such as in the chemical, healthcare, and food and beverage sectors.
The mounting consumer demand for lightweight, rust-resistant containers is propelling the global aluminium cylinder market growth. With increasing consciousness of the advantages associated with the use of lighter materials, there has been a significant shift towards the adoption of aluminium cylinders. Furthermore, the burgeoning trend of environmental sustainability has played a part in heightening the popularity of aluminium cylinders, as they are recyclable and contribute to reducing carbon footprint.
Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/aluminium-cylinder-market/requestsample
The broadening range of applications of aluminium cylinders in numerous industries also plays a pivotal role in accelerating the aluminium cylinder market development. In the healthcare industry, these cylinders are crucial for storing and transporting medical gases due to their resistance to contamination. In the food and beverage sector, aluminium cylinders are utilised for holding and dispensing carbonated drinks, thanks to their ability to maintain the quality and fizz of the drink. Additionally, their application in fire safety equipment and scuba diving gear due to their high-pressure holding capacity and light weight underscores their versatility and further bolsters the aluminium cylinder market growth.
Moreover, the escalating demand for sustainable packaging solutions in various industries has led to a heightened focus on aluminium cylinders as a viable choice. With the rise of eco-consciousness and the increasing popularity of sustainable business practices, aluminium cylinders, due to their recyclability, have emerged as a significant component in the transition towards a greener economy. This has consequently contributed to the aluminium cylinder market expansion.
Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- High Pressure (>2000PSI)
- Low Pressure (<2000PSI)
Market Breakup by Application
- Medical
- Food and Beverage
- Special and Industrial
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global aluminium cylinder companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Luxfer Gas Cylinders
- Faber Industrie S.P.A.
- Worthington Industries, Inc.
- Al- Can Exports Private Limited
- Axcel Gases
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.