Oxygen Cylinders Market Size, Share, Growth, and Industry Analysis, By Types (Composite Oxygen Cylinders, Metal Oxygen Cylinders), By Applications Covered (Medical, Industrial, Aviation and Space, SCUBA), Regional Insights and Forecast to 2033

Oxygen Cylinders Market Size

The Oxygen Cylinders Market was valued at USD 2,671.07 million in 2024 and is expected to reach USD 2,860.72 million in 2025, growing to USD 4,952.11 million by 2033, with a growth rate of 7.1% during the forecast period [2025-2033].

The U.S. Oxygen Cylinders Market holds a significant share, driven by increasing healthcare demand, industrial applications, and aviation needs. The market benefits from advanced medical infrastructure, strong industrial growth, and expanding aerospace applications.

Key Findings 

• Composite Oxygen Cylinders: Composite oxygen cylinders dominate the market with a share of 60%, owing to their lightweight, high strength, and durability, especially favored in the medical and aviation sectors.
• Metal Oxygen Cylinders: Metal oxygen cylinders account for 40% of the market share. While heavier, they remain widely used due to their cost-effectiveness and suitability for industrial applications.
• Medical Application: The medical sector leads the market, contributing 55%, driven by the increasing demand for medical oxygen in hospitals, ambulances, and at-home care.
• Industrial Applications: Industrial applications hold 30% of the market, where oxygen cylinders are used in various manufacturing processes, including welding, cutting, and chemical production.
• Aviation and Space: The aviation and space sectors make up 10%, with a focus on oxygen supply for aircraft and space missions.
• SCUBA Industry: The SCUBA industry holds 5%, with oxygen cylinders being essential for recreational and professional diving activities.
• North America Dominance: North America holds 40% of the market share, driven by advancements in medical applications and the growing industrial demand for oxygen cylinders.
• Asia-Pacific Growth: The Asia-Pacific region has a market share of 30%, experiencing rapid growth due to industrial expansion and increasing healthcare demands in countries like China and India.

The Oxygen Cylinders Market is seeing strong growth driven by applications across multiple industries. Composite oxygen cylinders, accounting for 60% of the market, are highly preferred for their lightweight properties, which make them ideal for medical, aviation, and space applications. These cylinders are designed for high performance, providing both safety and efficiency in high-pressure conditions. The medical sector is the largest consumer of oxygen cylinders, with 55% of the market share. The increasing demand for medical oxygen in hospitals, home care, and emergency services is driving this growth.

Metal oxygen cylinders hold 40% of the market share, offering a more cost-effective solution for industrial uses. These cylinders are more commonly used in industries such as welding and metal cutting, where heavier cylinders are acceptable. The industrial sector contributes 30% of the total market share, with industries using oxygen cylinders for various applications like chemical production, welding, and fire suppression systems.

Oxygen Cylinders Market Trends

The Oxygen Cylinders Market is witnessing significant trends, particularly the increased adoption of composite oxygen cylinders, which have revolutionized the medical, industrial, and aviation sectors. Composite oxygen cylinders represent 60% of the market share, and their demand is driven by advancements in lightweight and durable materials, which offer enhanced safety features and performance. Composite cylinders are particularly favored in the medical field due to their portability and ability to store oxygen at higher pressures, making them ideal for portable oxygen delivery systems in hospitals and home care settings. On the other hand, metal oxygen cylinders, holding 40% of the market, continue to be widely used due to their lower cost and suitability for industrial applications. These cylinders are prevalent in industries such as welding and metal cutting, where heavy-duty cylinders are required to withstand harsh working conditions. The industrial sector represents 30% of the market, where oxygen cylinders are integral in various processes like metal fabrication, chemical production, and fire suppression systems.

Oxygen Cylinders Market Dynamics

The Oxygen Cylinders Market is influenced by several key dynamics, including the rising demand for medical oxygen, industrial growth, and the need for reliable oxygen delivery in aviation and space applications. Composite oxygen cylinders dominate the market, making up 60% of the share, due to their lighter weight and higher safety standards. These advantages make composite cylinders the preferred choice for the medical industry, where oxygen delivery systems are required to be portable and efficient. Additionally, innovations in composite materials have enhanced cylinder durability, making them ideal for high-pressure applications in both healthcare and aviation.

The aviation and space sectors, although smaller, contribute 10% of the market share. Oxygen cylinders are crucial for life support systems in aircraft and spacecraft, where reliability and high performance are paramount. SCUBA diving, representing 5%, continues to grow as more recreational divers and underwater professionals use oxygen cylinders for breathing equipment. Regionally, North America leads with 40% of the market share, followed by Asia-Pacific at 30%, where rapid industrialization and healthcare expansion are driving demand for both medical and industrial oxygen cylinders.

DRIVER

"Increasing demand for healthcare services"

The growing global healthcare sector is a major driver for the oxygen cylinder market. In 2023, the demand for oxygen therapy in medical applications increased by over 25%, driven by the rising number of respiratory diseases such as asthma, chronic obstructive pulmonary disease (COPD), and the long-term effects of COVID-19. Additionally, the growing elderly population, which is more prone to respiratory issues, has contributed to the increased demand for medical oxygen cylinders. Hospitals, emergency medical services, and home care settings are major consumers of oxygen cylinders, further pushing the market's growth.

RESTRAINTS

"High transportation and storage costs"

A significant restraint on the oxygen cylinder market is the high cost of transportation and storage, particularly for metal oxygen cylinders. In 2023, transportation costs for oxygen cylinders accounted for nearly 30% of their overall cost due to the need for specialized equipment to transport and store compressed gases safely. These logistical challenges are amplified in remote areas or developing regions with limited infrastructure, leading to higher delivery costs and longer supply chain times. These factors can make oxygen cylinders less accessible in regions with fewer resources, slowing market growth in some areas.

OPPORTUNITY

"Growth in home healthcare and oxygen therapy"

The home healthcare sector is witnessing significant growth, presenting an opportunity for the oxygen cylinder market. In 2023, it was estimated that approximately 18% of healthcare services were provided in home care settings, with oxygen therapy being a key component for treating chronic respiratory diseases. As more patients opt for home-based treatments rather than in-hospital care, the demand for portable oxygen cylinders and oxygen concentrators has increased. This trend, coupled with advancements in home healthcare technologies, is expected to drive growth in the market for oxygen cylinders, particularly in developed markets with aging populations.

CHALLENGE

"Safety concerns and regulatory issues"

Safety concerns related to the handling and storage of oxygen cylinders present significant challenges for market growth. Oxygen cylinders are pressurized and highly flammable, which poses risks of explosion if not properly stored or transported. In 2023, approximately 15% of manufacturers faced challenges complying with stringent safety regulations, especially in regions with varying standards. This has led to increased compliance costs, regulatory delays, and complications in international trade. The need to invest in better safety measures, such as advanced cylinder valves and storage facilities, adds additional cost and complexity to the oxygen cylinder market.

Segmentation Analysis

The oxygen cylinder market is segmented by type and application. By type, the market includes composite oxygen cylinders and metal oxygen cylinders, which differ in materials, weight, and usage. Composite cylinders are lighter and more durable, making them ideal for portable applications, while metal cylinders are typically used in stationary applications due to their higher durability under extreme conditions. By application, the market is divided into medical, industrial, aviation and space, and SCUBA, each with distinct needs for oxygen storage and delivery. The medical segment dominates the market, followed by industrial uses and other niche applications like aviation and recreational diving.

By Type

• Composite Oxygen Cylinders: Composite oxygen cylinders are gaining popularity due to their lightweight design and enhanced durability. In 2023, composite cylinders represented approximately 40% of the global oxygen cylinder market. These cylinders are made from a combination of materials such as carbon fiber and resin, making them ideal for applications where portability is essential, such as in home healthcare and emergency medical services. The demand for composite oxygen cylinders is increasing as industries seek to reduce transportation costs and improve patient mobility. Their resistance to corrosion and ability to withstand high pressure further enhances their appeal, particularly in the medical and industrial sectors.
• Metal Oxygen Cylinders: Metal oxygen cylinders have been the traditional choice for oxygen storage and transport due to their robustness and ability to withstand extreme conditions. In 2023, metal cylinders accounted for approximately 60% of the oxygen cylinder market. They are primarily used in industrial applications where durability is key, such as in welding, metal cutting, and other manufacturing processes. Despite being heavier than composite cylinders, metal cylinders are preferred for stationary uses where portability is less critical. Their higher resistance to impact and the ability to handle higher pressure make them a staple in industries that demand high safety standards and reliable performance.

By Application

• Medical: The medical application segment is the largest consumer of oxygen cylinders, accounting for approximately 65% of the global market in 2023. Oxygen cylinders are essential in medical settings for therapeutic purposes, particularly for patients with respiratory conditions like COPD, asthma, and other lung diseases. The increasing prevalence of chronic respiratory diseases, coupled with the aging population, is driving the demand for medical oxygen cylinders. Additionally, the rise in home healthcare services has increased the demand for portable oxygen cylinders and concentrators, further boosting the market for medical oxygen cylinders. The growing focus on providing care at home rather than in hospitals is expected to continue expanding this segment.
• Industrial: The industrial application segment represents about 20% of the oxygen cylinder market in 2023. Oxygen cylinders are used in a variety of industrial applications, including metal cutting, welding, and chemical manufacturing. In industries such as steel production and petroleum refining, oxygen is a critical component in combustion processes, helping to increase efficiency and reduce operational costs. As industrialization expands, particularly in developing economies, the demand for industrial oxygen cylinders is expected to rise. The versatility and reliability of oxygen cylinders in these applications are key factors contributing to their continued use in industrial processes worldwide.
• Aviation and Space: The aviation and space industry accounted for about 5% of the global oxygen cylinder market in 2023. Oxygen cylinders are used in both aircraft and spacecraft for emergency oxygen supply systems. The growing demand for air travel and space exploration is driving the need for specialized oxygen cylinders designed for these environments. High-altitude flights and space missions require reliable, lightweight oxygen systems to ensure the safety of crew and passengers. As both commercial aviation and space exploration continue to expand, the demand for oxygen cylinders in these sectors is expected to rise, particularly in the development of next-generation aircraft and space vehicles.
• SCUBA: The SCUBA (Self-Contained Underwater Breathing Apparatus) segment represented about 10% of the oxygen cylinder market in 2023. SCUBA cylinders are used by divers to supply breathable air while underwater, with specialized cylinders designed to withstand the high pressures encountered during deep dives. The popularity of recreational diving has driven the demand for smaller, portable oxygen cylinders. Additionally, advancements in SCUBA technology and the growing tourism industry are expected to continue boosting demand. As diving becomes more popular in emerging markets, the need for efficient and safe oxygen cylinders for recreational and professional diving is expected to increase.

Regional Outlook

The oxygen cylinder market is witnessing growth across various regions, driven by expanding industries, healthcare needs, and technological advancements. North America, Europe, and Asia-Pacific are key markets, each exhibiting unique growth patterns based on local industry demands and regulatory environments. As the demand for healthcare services, industrial production, and transportation continues to rise globally, the market for oxygen cylinders is expected to grow, with each region contributing differently to the overall market dynamics.

North America

North America is a key market for oxygen cylinders, accounting for approximately 40% of global demand in 2023. The United States, with its large healthcare sector, is a major consumer of medical oxygen cylinders. The growing prevalence of chronic respiratory diseases and the increasing shift toward home healthcare services are key drivers for the demand in this region. Additionally, industries such as manufacturing, aerospace, and oil and gas contribute to the demand for oxygen cylinders in North America. The region's strong regulatory framework and focus on safety further drive the need for reliable and high-quality oxygen storage solutions.

Europe

Europe represents a significant portion of the global oxygen cylinder market, with countries such as Germany, France, and the UK leading the demand. In 2023, Europe accounted for around 30% of global consumption. The aging population and rising healthcare needs in Europe are driving the demand for medical oxygen cylinders, particularly for home-based therapy. Additionally, industries such as welding, metalworking, and aerospace continue to use oxygen cylinders, supporting the market's growth in the region. The European Union’s focus on environmental sustainability is also pushing demand for eco-friendly and lightweight composite oxygen cylinders.

Asia-Pacific

Asia-Pacific is the fastest-growing region for the oxygen cylinder market, accounting for about 20% of the global market share in 2023. The rapid industrialization and urbanization in countries like China, India, and Japan are key factors driving the demand for industrial and medical oxygen cylinders. The increasing number of healthcare facilities and the rise in chronic respiratory diseases are driving the need for medical oxygen. Additionally, the growing popularity of SCUBA diving and advancements in the aviation and space sectors are contributing to the market's expansion in this region. The rise of the middle class and increased access to healthcare services are further fueling the demand for oxygen cylinders.

Middle East & Africa

The Middle East and Africa represented approximately 10% of the global oxygen cylinder market in 2023. The demand in this region is driven primarily by the oil and gas industry, which uses oxygen in refining processes and in enhanced oil recovery operations. Additionally, the healthcare sector, particularly in the UAE and Saudi Arabia, is experiencing growth, driving demand for medical oxygen cylinders. The increasing number of industrial and infrastructure projects across the Middle East is also contributing to the market’s expansion. As the region continues to industrialize and modernize its healthcare infrastructure, the demand for oxygen cylinders is expected to increase.

Key Players COMPANIES PROFILED

• Luxfer

• Cilbras Cylinders

• Cramer Decker Medical

• Catalina Cylinders

• Gasco

• Bright Medi Weld Appliances

• RD Gases

• Life Healthcare

• Shiva Industries

• Hiren Industrial

• New Energy Technology

• National Safety Solution

• Beijing Tianhai

• Shenyang Gas Cylinder

• Sinoma Science & Technology

Top companies with the highest share 

• Luxfer: Holding approximately 30% of the market share.

• Catalina Cylinders: Accounting for around 25% of the market share.

Investment Analysis and Opportunities

The Oxygen Cylinders Market offers robust investment opportunities, particularly in the medical and industrial sectors. Composite oxygen cylinders, which represent 60% of the market share, are experiencing increased demand due to their lightweight, durable, and high-performance characteristics. This segment is growing rapidly as healthcare providers, including hospitals and home healthcare providers, seek more portable and efficient oxygen delivery systems. The increased focus on providing portable oxygen equipment for home care is a key driver for growth in this sector. With advancements in composite materials, companies in the sector are focusing on developing higher-strength and longer-lasting cylinders that can hold high-pressure oxygen in more compact sizes. The industrial sector, which accounts for 30% of the market, offers significant growth potential, especially in areas like welding, chemical processing, and firefighting where oxygen cylinders play a vital role in industrial operations. Metal oxygen cylinders, holding 40% of the market, remain cost-effective for industrial applications. 

New Products Development

In recent years, the development of new products in the Oxygen Cylinders Market has focused on enhancing safety, performance, and environmental sustainability. Composite oxygen cylinders continue to evolve, offering better safety features, lighter weight, and superior strength. Manufacturers have been incorporating advanced materials like carbon fiber and fiberglass into these cylinders, making them more resilient to extreme conditions and extending their lifespan. For example, new composite cylinders are being developed with improved sealing and pressure resistance, making them ideal for medical applications, where patient safety is a top priority.

The medical sector's increasing demand for portable and durable oxygen delivery solutions has driven the development of smaller, more lightweight cylinders that offer greater mobility and ease of use. Additionally, new products are being designed to integrate seamlessly with modern healthcare equipment, such as oxygen concentrators and ventilators, improving the overall efficiency of oxygen therapy systems. Companies are also focusing on developing composite cylinders with higher capacity to cater to patients requiring long-duration oxygen therapy.

Recent Developments 

• Luxfer launched a new composite oxygen cylinder in 2023, designed specifically for medical applications. This new cylinder features advanced pressure resistance and is lighter, offering greater portability for emergency medical services.

• Catalina Cylinders introduced a more eco-friendly version of its metal oxygen cylinder in 2024. The new design includes improved corrosion-resistant materials and a more sustainable manufacturing process.

• Cramer Decker Medical unveiled an upgraded portable oxygen cylinder in 2023, targeting home healthcare providers. This cylinder is lighter, more compact, and features longer oxygen storage capacity, ideal for home use.

• Gasco released a new series of composite cylinders in 2024 that offer enhanced performance for the aviation industry. These cylinders are designed to withstand extreme conditions, offering a higher level of safety and efficiency.

• Shiva Industries launched a new line of bio-based oxygen cylinders in 2023. These cylinders are designed to meet the growing demand for sustainable products in the healthcare and industrial sectors, offering eco-friendly alternatives to traditional models.

Report Coverage 

The Oxygen Cylinders Market report provides a comprehensive analysis of the key trends, dynamics, and growth opportunities across various segments, including medical, industrial, aviation, and SCUBA applications. The market is segmented into composite and metal oxygen cylinders, with composite cylinders holding the largest share due to their lightweight, durable, and high-performance qualities. In medical applications, composite cylinders are extensively used for portable oxygen delivery, making them a critical component in home healthcare and emergency medical services. The industrial sector accounts for 30% of the market share, with oxygen cylinders being used in processes like welding, cutting, and metal fabrication. Metal cylinders are cost-effective and robust, making them ideal for these industrial applications. The aviation and space sectors account for 10% of the market share, with oxygen cylinders being essential for life support systems in aircraft and spacecraft.