Composite Cylinder is a high pressure vessel that is made of a composite-polymer material and placed in a plastic body. The technology of manufacturing a modern composite cylinder is a very complex and high-tech process, so its cost is much higher than the cost of a metal analogue.
The global composite cylinders industry has a rather high concentration. The major manufacturers are concentrated in North America and Europe, such as Luxfer Gas Cylinder, Hexagon Composites, Aburi Composites, Faber Industrie and Worthington Cylinders. At present, Luxfer Gas Cylinder is the world leader, holding 17.76% revenue market share in 2017.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, composite cylinders consumption will show a trend of steady growth. In 2024 the consumption of composite cylinders is estimated to be 10327 K Un
According to this study, over the next five years the Composite Cylinders market will register a 3.9% CAGR in terms of revenue, the global market size will reach USD 690 million by 2024, from USD 570 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Composite Cylinders business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Composite Cylinders market by product type, application, key manufacturers and key regions and countries.
This study considers the Composite Cylinders value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Glass Fiber Composites
Carbon Fiber Composites
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Gas Carriers and Storage
Transportation
Life Support
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Luxfer Gas Cylinder
Hexagon Composites
Sinoma
Aburi Composites
Faber Industrie
Worthington Cylinders
Dragerwerk
Santek
Time Technoplast
Rubis Caribbean
Ullit
Beijing Tianhai Industry
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Composite Cylinders consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Composite Cylinders market by identifying its various subsegments.
Focuses on the key global Composite Cylinders manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Composite Cylinders with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Composite Cylinders submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
