Trends and Forecast for the Global Global Composite Cylinder MarketTrends, opportunities and forecast in this market to 2025 by end use industry (gas carriers and storage, transportation, life support, recreation and others), tank type (Type II, Type III, Type IV), composite consumption by fiber type (Glass Fiber Composites, Carbon Fiber Composites and Aramid Fiber Composites), and region (North America, Europe, and the Rest of the World (ROW)Opportunities in the global composite cylinder market have evolved through a number of stages i.e. from first use of composite cylinders to development of second generation type 4 composite cylinders and increase penetration of cylinder in new application. Lucintel has found the future of this market to be promising; the global composite cylinder market is expected to reach $0.8 billion by 2025 with a CAGR of 0.7%. In this market, type III is the largest segment by tank type, whereas transportation is largest by end use industry. Players can benefit from the available opportunities like higher acceptance level and increasing use of lightweight cylinders.
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Luxfer Gas Cylinder, Hexagon Composites ASA, Quantum Technologies, Worthington Cylinders, Time Technoplast, Faber Industries S.p.A., Beijing Tianhai Industry Co., and Ullit are some of the companies profiled in this report.
Some of the features of this report:
- Market size estimates: Global composite cylinder market size estimation in terms of value ($M) shipment.
- Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by segments and region.
- Segmentation analysis: Global composite cylinder market size by various segments such as end use industry, tank type, fiber type in terms of value and volume shipment.
- Regional analysis: Global composite cylinder market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions of global composite cylinder in the global composite cylinder market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape of global composite cylinder in the global composite cylinder market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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This exclusive report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com
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