Chan Ye Xin Xi Wang·2026-02-10 01:10Core Viewpoint - LNG is recognized as a clean energy source that effectively reduces automotive exhaust pollutants and greenhouse gas emissions, leading to increased demand for clean energy vehicles, particularly heavy-duty trucks that utilize LNG due to its high storage density and long range [1][7]. LNG Cylinder Industry Overview - LNG vehicle cylinders are high-vacuum insulated containers specifically designed for storing liquefied natural gas (LNG) as fuel, featuring a double-layer structure that minimizes external heat impact [3][4]. - The industry has experienced a decline in sales from 2020 to 2022 due to a drop in heavy-duty truck sales, exacerbated by the pandemic's impact on factory operations and logistics [1][8]. Market Demand and Growth - In 2023, the LNG vehicle cylinder industry in China saw a significant sales increase of 292.7% year-on-year, driven by the advantages of oil and gas price differentials and supportive policies [1][8]. - The industry is projected to continue growing, with sales expected to reach 250,300 units by 2025, reflecting an 8.8% year-on-year increase [1][8]. Industry Chain and Raw Materials - The upstream materials for LNG vehicle cylinders include steel, aluminum alloys, and other insulation materials, which are crucial for safety, manufacturing costs, and supply stability [4][6]. - The production of stainless steel, a key material for LNG cylinders, has shown a recovery trend, with production expected to reach 39.44 million tons in 2024, marking a 7.5% year-on-year increase [6]. Competitive Landscape - The LNG vehicle cylinder industry features a diverse competitive landscape, with leading companies leveraging full industry chain advantages and resource integration to maintain market dominance [9][12]. - Key players include Zhangjiagang Furui Special Equipment Co., Ltd., CIMC Enric Holdings Limited, and Beijing Jingcheng Machinery Electric Company, among others [9][10]. Industry Development Trends - The industry is focusing on lightweight and intelligent designs, utilizing new composite materials and IoT technology for real-time monitoring and predictive maintenance [11][12]. - The demand for LNG vehicle cylinders is expected to expand due to increasing global emphasis on environmental protection and the replacement of older LNG vehicles [11][12]. - The industry is anticipated to undergo consolidation, with stricter regulations raising entry barriers, favoring larger companies with comprehensive product certifications [12].