Global Composite Cylinders
Market Report
2024
The composite cylinders market is expected to grow from USD 0.87 billion in 2022 to USD 1.2 billion by 2030, at a CAGR of 4.1%.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The composite cylinder market is expected to grow from USD 0.87 billion in 2022 to USD 1.2 billion by 2030, at a CAGR of 4.1%.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Composite Cylinders Market Sales Revenue 2022 | $ 0.87 Billion |
Global Composite Cylinders Market Sales Revenue 2030 | $ 1.2 Billion |
Global Composite Cylinders Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.1% |
Market Split by Fiber Type |
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Market Split by Application |
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Market Split by Tank Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Composite Cylinders industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Composite Cylinders Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A composite cylinder is a type of pressurized container used for storing and transporting gases and liquids. It is made of composite materials such as carbon fiber, fiberglass, or Kevlar, which are layered and wound around a cylindrical mandrel in a specific pattern to form a strong, lightweight, and durable structure.
Composite cylinders are widely used in various industries, including aerospace, automotive, medical, and industrial applications. They offer several advantages over traditional steel or aluminum cylinders.
Composite cylinders offer high strength-to-weight ratios, which make them ideal for applications where weight reduction is critical, such as in the aerospace and automotive industries. The demand for lightweight and high-strength cylinders is expected to drive the growth of the global composite cylinder market.
Composite cylinders require specialized manufacturing processes and equipment, which can be expensive. The high manufacturing costs can limit the adoption of composite cylinders, especially in price-sensitive markets. Traditional steel and aluminum cylinders remain the preferred choice for some applications, particularly where cost is a primary consideration.
The increasing adoption of alternative fuels, such as hydrogen and compressed natural gas, is expected to drive the demand for composite cylinders. Composite cylinders are well-suited for the storage and transportation of these fuels due to their high strength-to-weight ratios and corrosion resistance.
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In March 2023
The company Time Technoplast, has received prestigious repeat order from Adani Total Gas for supply of CNG cascades made from Type-IV composite cylinder for a total value of Rs 75 crore (approx),” Time Technoplast said in an exchange filing.
North America dominates the Composite Cylinder Market
Top Companies Market Share in Composite Cylinders Industry: (In no particular order of Rank)
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Geographically, the global composite cylinder market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. The North American region has a significant market share in the global composite cylinder market. The growing demand for lightweight and high-strength cylinders from the automotive and aerospace industries, along with the increasing adoption of natural gas as a fuel, is expected to drive the growth of the market in this region.
The current report Scope analyzes Composite Cylinders Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Composite Cylinders Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Composite Cylinders Industry growth. Composite Cylinders market has been segmented with the help of its Fiber Type, Application Tank Type, and others. Composite Cylinders market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Composite Cylinders market.
Fiber Type of Composite Cylinders analyzed in this report are as follows:
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Composite Cylinders from 2019 to 2031. This will also help to analyze the demand for Composite Cylinders across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Composite Cylinders are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Composite Cylinders Market is witnessing significant growth in the near future.
In 2023, the Glass Fiber Composites segment accounted for noticeable share of global Composite Cylinders Market and is projected to experience significant growth in the near future.
The Aerospace & Defense segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Luxfer Gas Cylinder, Sinoma and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Fiber Type | Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites, Other Fiber Composites |
Application | Aerospace & Defense, Wind Energy, Transportation, Construction & Infrastructure, Marine, Pipes & Tanks, Electrical & Electronics, Others |
Tank Type | Type II, Type III, Type IV |
List of Competitors | Luxfer Gas Cylinder, Hexagon Composites, Sinoma, Aburi Composites, Faber Industrie, Worthington Cylinders, Dragerwerk, Santek, Time Technoplast, Rubis Caribbean, Ullit, Beijing Tianhai Industry |
This chapter will help you gain GLOBAL Market Analysis of Composite Cylinders. Further deep in this chapter, you will be able to review Global Composite Cylinders Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Fiber Type Analysis 2019 -2031, will provide market size split by Fiber Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Fiber Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Tank Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Composite Cylinders market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Glass Fiber Composites have a significant impact on Composite Cylinders market? |
What are the key factors affecting the Glass Fiber Composites and Carbon Fiber Composites of Composite Cylinders Market? |
What is the CAGR/Growth Rate of Aerospace & Defense during the forecast period? |
By type, which segment accounted for largest share of the global Composite Cylinders Market? |
Which region is expected to dominate the global Composite Cylinders Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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