Industry: Machinery & Equipment
Published Date: 2025-09-11
Pages: 156 Pages
Report ld: 5039480
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Composite LPG Cylinders Market Size(US$)

CAGR 2025-2031
6.0%
Market Size,2031
USD 702
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Composite LPG Cylinders market is projected to grow from US$ 469 million in 2024 to US$ 702 million by 2031, at a CAGR of 6.0% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
Composite LPG Cylinderss are tanks that designed for the storing and transporting of liquefied petroleum gas.
Composite LPG Cylinderss have a huge variety of uses, most significantly domestic use. They are suitable for both indoor and outdoor use, including caravans, camping and barbecues. Moreover, they are employed across many different sectors such as boating, hot air balloons, construction, recreation, hospitality, agricultural, calefaction and fishing.
Global Composite LPG Cylinders key players include Hexagon Ragasco, Aburi Composites, Santek, EVAS, Time Tech, etc. Global top five manufacturers hold a share about 60%.
Europe is the largest market, with a share over 30%, followed by China, and North America, both have a share about 50 percent.
In terms of product, Composite liner winding is the largest segment, with a share over 55%. And in terms of application, the largest application is Kitchen and Domestic Use, followed by Industries, Institutions and Commercial, etc.
Report Includes:
This definitive report equips CEOs, marketing directors, and investors with a 360° view of the global Composite LPG Cylinders market, seamlessly integrating production capacity and sales performance across the value chain. It analyzes historical production, revenue, and sales data (2020–2024) and delivers forecasts through 2031, illuminating demand trends and growth drivers.
By segmenting the market by Type and by Application, the study quantifies volume and value, growth rates, technical innovations, niche opportunities, and substitution risks, and analyzes downstream customers distribution pattern.
Granular regional insights cover five major markets—North America, Europe, APAC, South America, and MEA—with in‑depth analysis of 20+ countries. Each region’s dominant products, competitive landscape, and downstream demand trends are clearly detailed.
Critical competitive intelligence profiles manufacturers—capacity, sales volume, revenue, margins, pricing strategies, and major customers—and dissects the top-player positioning across product lines, applications, and regions to reveal strategic strengths.
A concise supply‑chain overview maps upstream suppliers, manufacturing technologies, cost structures, and distribution dynamics to identify strategic gaps and unmet demand.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Defines the Composite LPG Cylinders study scope, segments the market by Type and by Application, etc, highlights segment size and growth potential.
Chapter 2: Offers current market state, projects global revenue and sales to 2031, pinpointing high consumption regions and emerging market catalysts
Chapter 3: Maps global production capacity, utilization, and market share (2020–2031), identifies efficient hubs, reveals regulatory/trade policy impacts and bottlenecks.
Chapter 4: Dissects the manufacturer landscape—ranks by volume and revenue, analyzes profitability and pricing, maps production bases, details manufacturer performance by product type and evaluates concentration alongside M&A moves.
Chapter 5: Unlocks high margin product segments—compares sales, revenue, ASP, and technology differentiators, highlighting growth niches and substitution risks
Chapter 6: Targets downstream market opportunities—evaluates sales, revenue, and pricing by Application, identifies emerging use cases, and profiles leading customers by region and by Application.
Chapter 7: North America—breaks down sales and revenue by Type, by Application and country, profiles key manufacturers and assesses growth drivers and barriers.
Chapter 8: Europe—analyses regional sales, revenue and market by Type, by Application and manufacturers, flagging drivers and barriers.
Chapter 9: Asia Pacific—quantifies sales and revenue by Type, by Application, and region/country, profiles top manufacturers, and uncovers high potential expansion areas.
Chapter 10: Central & South America—measures sales and revenue by Type, by Application, and country, profiles top manufacturers, and identifies investment opportunities and challenges.
Chapter 11: Middle East and Africa—evaluates sales and revenue by Type, by Application, and country, profiles key manufacturers, and outlines investment prospects and market hurdles
Chapter 12: Profiles manufacturers in depth—details product specs, capacity, sales, revenue, margins; Top manufactures 2024 sales breakdowns by Product type, by Application, by sales region SWOT analysis, and recent strategic developments.
Chapter 13: Supply chain—analyses upstream raw materials and suppliers, manufacturing footprint and technology, cost drivers, plus downstream channels and distributor roles.
Chapter 14: Market dynamics—explores drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 15: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Beyond standard market data, this analysis provides a clear profitability roadmap—empowering you to:
Allocate capital strategically to high growth regions (Chapters 7–11) and margin rich segments (Chapter 5).
Negotiate from strength with suppliers (Chapter 13) and customers (Chapter 6) using cost and demand intelligence.
Outmaneuver competitors with granular insights into their operations, margins, and strategies (Chapters 4 and 12).
Secure your supply chain against disruptions through upstream and downstream visibility (Chapters 13 and 14).
Leverage this 360° intelligence to turn market complexity into actionable competitive advantage.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Study Coverage
1.1 Introduction to Composite LPG Cylinders: Definition, Properties, and Key Attributes
1.2 Market Segmentation by Type
1.2.1 Global Composite LPG Cylinders Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Metal Tank Winding
1.2.3 Composite Material Tank Winding
1.3 Market Segmentation by Application
1.3.1 Global Composite LPG Cylinders Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Kitchen and Domestic Use
1.3.3 Industries
1.3.4 Institutions and Commercial
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Executive Summary
2.1 Global Composite LPG Cylinders Revenue Estimates and Forecasts 2020-2031
2.2 Global Composite LPG Cylinders Revenue by Region
2.2.1 Revenue Comparison: 2020 VS 2024 VS 2031
2.2.2 Historical and Forecasted Revenue by Region (2020--2031)
2.2.3 Global Revenue Market Share by Region (2020-2031)
2.3 Global Composite LPG Cylinders Sales Estimates and Forecasts 2020-2031
2.4 Global Composite LPG Cylinders Sales by Region
2.4.1 Sales Comparison: 2020 VS 2024 VS 2031
2.4.2 Historical and Forecasted Sales by Region (2020-2031)
2.4.3 Emerging Market Focus: Growth Drivers & Investment Trends
2.4.4 Global Sales Market Share by Region (2020-2031)
3 Global Production Analysis
3.1 Global Composite LPG Cylinders Production Capacity and Utilization Rates (2020–2031)
3.2 Regional Production: Comparative Analysis (2020 VS 2024 VS 2031)
3.3 Regional Production Dynamics
3.3.1 Historic Production by Region (2020-2025)
3.3.2 Forecasted Production by Region (2026-2031)
3.3.3 Production Market Share by Region (2020-2031)
3.3.4 Regulatory and Trade Policy Impact on Production
3.3.5 Production Capacity Enablers and Constraints
3.4 Key Regional Production Hubs
3.4.1 North America
3.4.2 Europe
3.4.3 China
3.4.4 Japan
3.4.5 India
4 Competition by Manufacturers
4.1 Global Composite LPG Cylinders Sales by Manufacturers
4.1.1 Global Sales Volume by Manufacturers (2020-2025)
4.1.2 Global Top 5 and Top 10 Manufacturers’Market Share by Sales Volume (2024)
4.2 Global Composite LPG Cylinders Manufacturer Revenue Rankings and Tiers
4.2.1 Global Revenue (Value) by Manufacturers (2020-2025)
4.2.2 Global Key Manufacturer Revenue Ranking (2023 vs. 2024)
4.2.3 Revenue-Based Tier Segmentation (Tier 1, Tier 2, and Tier 3)
4.3 Manufacturer Profitability Profiles and Pricing Strategies
4.3.1 Gross Margin by Top Manufacturer (2020 VS 2024)
4.3.2 Manufacturer-Level Price Trends (2020-2025)
4.4 Key Manufacturers Manufacturing Base and Headquarters
4.5 Main Product Type Market Size by Manufacturers
4.5.1 Metal Tank Winding Market Size by Manufacturers
4.5.2 Composite Material Tank Winding Market Size by Manufacturers
4.6 Global Composite LPG Cylinders Market Concentration and Dynamics
4.6.1 Global Market Concentration (CR5 and HHI)
4.6.2 Entrant/Exit Impact Analysis
4.6.3 Strategic Moves: M&A, Capacity Expansion, R&D Investment
5 Global Product Segmentation Analysis
5.1 Global Composite LPG Cylinders Sales Performance by Type
5.1.1 Global Historical and Forecasted Sales by Type (2020-2031)
5.1.2 Global Sales Market Share by Type (2020-2031)
5.2 Global Composite LPG Cylinders Revenue Trends by Type
5.2.1 Global Historical and Forecasted Revenue by Type (2020-2031)
5.2.2 Global Revenue Market Share by Type (2020-2031)
5.3 Global Average Selling Price (ASP) Trends by Type (2020-2031)
5.4 Product Technology Differentiation
5.5 Subtype Dynamics: Growth Leaders, Profitability and Risk
5.5.1 High-Growth Niches and Adoption Drivers
5.5.2 Profitability Hotspots and Cost Drivers
5.5.3 Substitution Threats
6 Global Downstream Application Analysis
6.1 Global Composite LPG Cylinders Sales by Application
6.1.1 Global Historical and Forecasted Sales by Application (2020-2031)
6.1.2 Global Sales Market Share by Application (2020-2031)
6.1.3 High-Growth Application Identification
6.1.4 Emerging Application Case Studies
6.2 Global Composite LPG Cylinders Revenue by Application
6.2.1 Global Historical and Forecasted Revenue by Application (2020-2031)
6.2.2 Revenue Market Share by Application (2020-2031)
6.3 Global Pricing Dynamics by Application (2020-2031)
6.4 Downstream Customer Analysis
6.4.1 Top Customers by Region
6.4.2 Top Customers by Application
7 North America
7.1 North America Sales Volume and Revenue (2020-2031)
7.2 North America Key Manufacturers Sales Revenue in 2024
7.3 North America Composite LPG Cylinders Sales and Revenue by Type (2020-2031)
7.4 North America Composite LPG Cylinders Sales and Revenue by Application (2020-2031)
7.5 North America Growth Accelerators and Market Barriers
7.6 North America Composite LPG Cylinders Market Size by Country
7.6.1 North America Revenue by Country
7.6.2 North America Sales Trends by Country
7.6.3 US
7.6.4 Canada
7.6.5 Mexico
8 Europe
8.1 Europe Sales Volume and Revenue (2020-2031)
8.2 Europe Key Manufacturers Sales Revenue in 2024
8.3 Europe Composite LPG Cylinders Sales and Revenue by Type (2020-2031)
8.4 Europe Composite LPG Cylinders Sales and Revenue by Application (2020-2031)
8.5 Europe Growth Accelerators and Market Barriers
8.6 Europe Composite LPG Cylinders Market Size by Country
8.6.1 Europe Revenue by Country
8.6.2 Europe Sales Trends by Country
8.6.3 Germany
8.6.4 France
8.6.5 U.K.
8.6.6 Italy
8.6.7 Russia
9 Asia-Pacific
9.1 Asia-Pacific Sales Volume and Revenue (2020-2031)
9.2 Asia-Pacific Key Manufacturers Sales Revenue in 2024
9.3 Asia-Pacific Composite LPG Cylinders Sales and Revenue by Type (2020-2031)
9.4 Asia-Pacific Composite LPG Cylinders Sales and Revenue by Application (2020-2031)
9.5 Asia-Pacific Composite LPG Cylinders Market Size by Region
9.5.1 Asia-Pacific Revenue by Region
9.5.2 Asia-Pacific Sales Trends by Region
9.6 Asia-Pacific Growth Accelerators and Market Barriers
9.7 Southeast Asia
9.7.1 Southeast Asia Revenue by Country (2020 VS 2024 VS 2031)
9.7.2 Key Country Analysis: Indonesia, Vietnam, Thailand
9.8 China
9.9 Japan
9.10 South Korea
9.11 China Taiwan
9.12 India
10 Central and South America
10.1 Central and South America Sales Volume and Revenue (2020-2031)
10.2 Central and South America Key Manufacturers Sales Revenue in 2024
10.3 Central and South America Composite LPG Cylinders Sales and Revenue by Type (2020-2031)
10.4 Central and South America Composite LPG Cylinders Sales and Revenue by Application (2020-2031)
10.5 Central and South America Investment Opportunities and Key Challenges
10.6 Central and South America Composite LPG Cylinders Market Size by Country
10.6.1 Central and South America Revenue Trends by Country (2020 VS 2024 VS 2031)
10.6.2 Brazil
10.6.3 Argentina
11 Middle East and Africa
11.1 Middle East and Africa Sales Volume and Revenue (2020-2031)
11.2 Middle East and Africa Key Manufacturers Sales Revenue in 2024
11.3 Middle East and Africa Composite LPG Cylinders Sales and Revenue by Type (2020-2031)
11.4 Middle East and Africa Composite LPG Cylinders Sales and Revenue by Application (2020-2031)
11.5 Middle East and Africa Investment Opportunities and Key Challenges
11.6 Middle East and Africa Composite LPG Cylinders Market Size by Country
11.6.1 Middle East and Africa Revenue Trends by Country (2020 VS 2024 VS 2031)
11.6.2 GCC Countries
11.6.3 Turkey
11.6.4 Egypt
11.6.5 South Africa
12 Corporate Profile
12.1 Hexagon Ragasco
12.1.1 Hexagon Ragasco Corporation Information
12.1.2 Hexagon Ragasco Business Overview
12.1.3 Hexagon Ragasco Composite LPG Cylinders Product Models, Descriptions and Specifications
12.1.4 Hexagon Ragasco Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.1.5 Hexagon Ragasco Composite LPG Cylinders Sales by Product in 2024
12.1.6 Hexagon Ragasco Composite LPG Cylinders Sales by Application in 2024
12.1.7 Hexagon Ragasco Composite LPG Cylinders Sales by Geographic Area in 2024
12.1.8 Hexagon Ragasco Composite LPG Cylinders SWOT Analysis
12.1.9 Hexagon Ragasco Recent Developments
12.2 Aburi Composites
12.2.1 Aburi Composites Corporation Information
12.2.2 Aburi Composites Business Overview
12.2.3 Aburi Composites Composite LPG Cylinders Product Models, Descriptions and Specifications
12.2.4 Aburi Composites Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.2.5 Aburi Composites Composite LPG Cylinders Sales by Product in 2024
12.2.6 Aburi Composites Composite LPG Cylinders Sales by Application in 2024
12.2.7 Aburi Composites Composite LPG Cylinders Sales by Geographic Area in 2024
12.2.8 Aburi Composites Composite LPG Cylinders SWOT Analysis
12.2.9 Aburi Composites Recent Developments
12.3 Time Tech
12.3.1 Time Tech Corporation Information
12.3.2 Time Tech Business Overview
12.3.3 Time Tech Composite LPG Cylinders Product Models, Descriptions and Specifications
12.3.4 Time Tech Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.3.5 Time Tech Composite LPG Cylinders Sales by Product in 2024
12.3.6 Time Tech Composite LPG Cylinders Sales by Application in 2024
12.3.7 Time Tech Composite LPG Cylinders Sales by Geographic Area in 2024
12.3.8 Time Tech Composite LPG Cylinders SWOT Analysis
12.3.9 Time Tech Recent Developments
12.4 Santek
12.4.1 Santek Corporation Information
12.4.2 Santek Business Overview
12.4.3 Santek Composite LPG Cylinders Product Models, Descriptions and Specifications
12.4.4 Santek Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.4.5 Santek Composite LPG Cylinders Sales by Product in 2024
12.4.6 Santek Composite LPG Cylinders Sales by Application in 2024
12.4.7 Santek Composite LPG Cylinders Sales by Geographic Area in 2024
12.4.8 Santek Composite LPG Cylinders SWOT Analysis
12.4.9 Santek Recent Developments
12.5 Rubis Caribbean
12.5.1 Rubis Caribbean Corporation Information
12.5.2 Rubis Caribbean Business Overview
12.5.3 Rubis Caribbean Composite LPG Cylinders Product Models, Descriptions and Specifications
12.5.4 Rubis Caribbean Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.5.5 Rubis Caribbean Composite LPG Cylinders Sales by Product in 2024
12.5.6 Rubis Caribbean Composite LPG Cylinders Sales by Application in 2024
12.5.7 Rubis Caribbean Composite LPG Cylinders Sales by Geographic Area in 2024
12.5.8 Rubis Caribbean Composite LPG Cylinders SWOT Analysis
12.5.9 Rubis Caribbean Recent Developments
12.6 Supreme
12.6.1 Supreme Corporation Information
12.6.2 Supreme Business Overview
12.6.3 Supreme Composite LPG Cylinders Product Models, Descriptions and Specifications
12.6.4 Supreme Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.6.5 Supreme Recent Developments
12.7 Composite Scandinavia
12.7.1 Composite Scandinavia Corporation Information
12.7.2 Composite Scandinavia Business Overview
12.7.3 Composite Scandinavia Composite LPG Cylinders Product Models, Descriptions and Specifications
12.7.4 Composite Scandinavia Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.7.5 Composite Scandinavia Recent Developments
12.8 Gavenplast
12.8.1 Gavenplast Corporation Information
12.8.2 Gavenplast Business Overview
12.8.3 Gavenplast Composite LPG Cylinders Product Models, Descriptions and Specifications
12.8.4 Gavenplast Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.8.5 Gavenplast Recent Developments
12.9 RAD SANE HIDAJ
12.9.1 RAD SANE HIDAJ Corporation Information
12.9.2 RAD SANE HIDAJ Business Overview
12.9.3 RAD SANE HIDAJ Composite LPG Cylinders Product Models, Descriptions and Specifications
12.9.4 RAD SANE HIDAJ Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.9.5 RAD SANE HIDAJ Recent Developments
12.10 Sundarban Industrial Complex
12.10.1 Sundarban Industrial Complex Corporation Information
12.10.2 Sundarban Industrial Complex Business Overview
12.10.3 Sundarban Industrial Complex Composite LPG Cylinders Product Models, Descriptions and Specifications
12.10.4 Sundarban Industrial Complex Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.10.5 Sundarban Industrial Complex Recent Developments
12.11 Kolos
12.11.1 Kolos Corporation Information
12.11.2 Kolos Business Overview
12.11.3 Kolos Composite LPG Cylinders Product Models, Descriptions and Specifications
12.11.4 Kolos Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.11.5 Kolos Recent Developments
12.12 Metal Mate
12.12.1 Metal Mate Corporation Information
12.12.2 Metal Mate Business Overview
12.12.3 Metal Mate Composite LPG Cylinders Product Models, Descriptions and Specifications
12.12.4 Metal Mate Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.12.5 Metal Mate Recent Developments
12.13 EVAS
12.13.1 EVAS Corporation Information
12.13.2 EVAS Business Overview
12.13.3 EVAS Composite LPG Cylinders Product Models, Descriptions and Specifications
12.13.4 EVAS Composite LPG Cylinders Capacity, Sales, Price, Revenue and Gross Margin (2020-2025)
12.13.5 EVAS Recent Developments
13 Value Chain and Supply-Chain Analysis
13.1 Composite LPG Cylinders Industry Chain
13.2 Composite LPG Cylinders Upstream Materials Analysis
13.2.1 Raw Materials
13.2.2 Key Suppliers Market Share & Risk Assessment
13.3 Composite LPG Cylinders Integrated Production Analysis
13.3.1 Manufacturing Footprint Analysis
13.3.2 Production Technology Overview
13.3.3 Regional Cost Drivers
13.4 Composite LPG Cylinders Sales Channels and Distribution Networks
13.4.1 Sales Channels
13.4.2 Distributors
14 Composite LPG Cylinders Market Dynamics
14.1 Industry Trends and Evolution
14.2 Market Growth Drivers and Emerging Opportunities
14.3 Market Challenges, Risks, and Restraints
15 Key Findings in the Global Composite LPG Cylinders Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.1.1 Research Programs/Design
16.1.1.2 Market Size Estimation
16.1.1.3 Market Breakdown and Data Triangulation
16.1.2 Data Source
16.1.2.1 Secondary Sources
16.1.2.2 Primary Sources
16.2 Author Details
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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