Global Glass Cylinders Market: Overview
The global glass cylinders market has witnessed steady growth over the years due to the enormous demand for safest gas cylinders from consumers and many end users. Safe and regulated gas cylinders are widely used in transporting high value gases. Technological advancements for compressing inert and volatile gases in cylinders has influenced the production of gas cylinders. The materials used in building gas cylinders ensure the cylinders in sustaining undue exposure of heat, and mechanical abrasion of dropping. The manufacturers are focusing on building the gas cylinders in such a way that the cylinders can meet the diverse safety precautions of corrosive, flammable, toxic, and inert gases.
An upcoming report on the global glass cylinders market by Transparency Market Research promises to be crucial source of information for stakeholders looking to strengthen their foothold in the market. The report would enable them to gain proper insight into the growth drivers and restraints. The exhaustive information in the report would unravel the opportunities and pitfalls in the market. The report runs through multiple standpoints such as trends, competitive landscape, product, application, and regional segments to understand if the global glass cylinders market holds out solid promise.
Global Glass Cylinders Market: Key Trends
The incorporation of high-grade sealants at the time of manufacturing gas cylinders help in reducing risks associated with lethal projectiles or valve breaks. Such risks of hazards result in cracking the cylinder shell which can cause serious damage. Rising incidence of accidental gas leaks, growing demand for safest gas cylinders from various end users, increasing need for bulk gas transportation are believed to be driving the global gas cylinders market. The new design of glass cylinders provide superior safety features. Along with this, growing demand for lightweight cylinders for fuel-efficient gas transportation also is expected for fueling the global gas cylinders market.
Gas cylinders manufacturers are adopting powder coating technologies for making the gas cylinders extremely corrosion resistant. Increasing usage of gas cylinders in kitchen and domestic purposes, processing industry, medical, and transportation, rising awareness about composite cylinders, growing production of transport vehicles are projected to boost the global gas cylinders market. Apart from these, rising disposable incomes and burgeoning population is also expected to thrust the global gas cylinders market.
Global Glass Cylinders Market: Regional Outlook
Region wise, APEJ is expected to lead the global gas cylinders market as the region has seen rapid technological advancements. Increasing demand for gas cylinders for domestic usage, rising need for fuel-efficient transportation, and rapid industrialization could also be responsible for fueling the gas cylinders market in the region. Other prominent regions in the market are North America, Europe, and the Middle East and Africa. Rising demand for vehicles running on CNG is expected to be boosting the gas cylinders market in these regions.
Global Glass Cylinders Market: Competitive Dynamics
Some of the prominent players in the global gas cylinders market are CleanNG, Cobham, Luxfer Gas Cylinders, and Everest Kanto cylinder. The upcoming report studies competitor’s product portfolios, key strategies, and sales and revenues in the near term.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.