Europe Composite LPG Cylinder Market, Competition, Forecast & Opportunities, 2028

The Europe composite LPG cylinder market is poised for growth in the forecast period due to increased utilization across various applications.

As per the TechSci Research report “Europe Composite LPG Cylinder Market - By Country, Competition, Forecast & Opportunities, 2028,” the market is projected to witness strong growth from 2024 to 2028. This growth is fueled by the adoption of composite cylinders in a range of industries including transportation, aerospace & defense, wind energy, and construction & infrastructure.

Government initiatives promoting the use of composite cylinders, coupled with rising demand for lightweight, explosion-proof, and non-corrosive LPG cylinders, are expected to drive market growth during the forecast period. Moreover, the preference for LPG over conventional sources for cooking is anticipated to increase in the region over the next five years. Additionally, government support for the production of composite LPG cylinders, given their ease of transportation and low production costs, is expected to further boost market growth in the coming years.

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The Europe composite LPG cylinder market is categorized by product, size, application, and country. Product segmentation includes type III and type IV cylinders. Size categories comprise 0 to 5 Kg, 6 to 10 Kg, and 11 Kg & above. Application segments include kitchen & domestic use, transportation, recreational use, and others. Country segmentation covers Germany, United Kingdom, France, Italy, Spain, and the rest of Europe.

Type IV cylinders, known for their lightweight and high burst pressure, are the leading segment in the composite LPG cylinder market and expected to maintain dominance throughout the forecast period. These cylinders offer the highest weight reduction and burst pressure compared to type I and type III cylinders.

Fully wrapped composite cylinders, or type III cylinders, feature a metal liner completely covered with impact-resistant fiber layers and epoxy resin matrix, providing durability and high performance. They are in high demand for various applications including automotive power sources, medical oxygen storage, and aerospace fuel storage.

In terms of applications, kitchen & domestic use is projected to remain the most popular and rapidly growing segment for composite LPG cylinders due to the advantages of type IV cylinders over type I cylinders. Additionally, composite LPG cylinders are replacing piped natural gas due to their lightweight and excellent burst pressure.

Germany is expected to dominate the market in the forecast period, driven by its high population and LPG gas consumption.

Major market players in the Europe composite LPG cylinder market are: 

  • Hexagon Composites
  • Aburi Composites
  • Amtrol-Alfa
  • Time Technoplast Ltd.
  • Metal Mate
  • ALAMAN Gas Cylinders
  • Worthington Industries
  • Maurya Udyog Limited
  • Sahamitr Pressure Container
  • Metal Mate Co., Ltd.

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Europe's composite LPG cylinder market is rapidly expanding, driven by leading producers such as Hexagon Composites, Aburi Composites, and Metal Mate expanding their global operations from Europe. The region's early adoption of composite LPG cylinders has contributed to its dominance until 2019. With a growing number of applications for these cylinders, the market is expected to continue its swift expansion in the coming years, as stated by Mr. Karan Chechi, Research Director at TechSci Research.

The report "Europe Composite LPG Cylinder Market Segmented By Product (Type III, Type IV), By Size (0 to 5 Kg, 6 to 10 Kg, and 11 Kg & Above), By Application (Kitchen & Domestic Use, Transportation, Recreational Use, and Others), By Country, Competition, Forecast and Opportunities, 2028" assesses the future growth potential of Europe's composite LPG cylinder market. It provides insights into market size, structure, and future growth, aiming to offer advanced market intelligence to aid decision-makers in making sound investment decisions. Additionally, the report identifies and analyzes emerging trends, drivers, challenges, and opportunities in Europe's composite LPG cylinder market.

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