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The Impact of COVID-19 is included in Composite Cylinder Market. Buy it today to get an advantage.

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The future of global composite cylinder market looks promising with opportunities in gas carriers & storage, transportation, life support, and recreation industries. The global composites cylinder market is expected to reach an estimated $1.6 billion by 2028 with a CAGR of 5.4% from 2022 to 2028. The major drivers for market growth are increasing number of natural gas vehicles (NGVs) and growing demand for lightweight cylinders with higher pressure requirement and greater gas carrying capacity per cylinder.  Emerging trends which have a direct impact on the dynamics of the industry include the increase in green fleet and development of type V tanks. 

A total of 60 figures / charts and 51 tables are provided in this 141-page report to help in your business decisions.  Sample figures with some insights are shown below. 
 
Composite Cylinder Market by End Use Industry, Tank Type, and Composite Consumption by Fiber Type

Composite Cylinder Market by Segments
 
 
The study includes a forecast for the global composite cylinder market by end use, tank type, region, and composite consumption by fiber type as follows:
 

Composite cylinder market by end use [Volume (Thousand Units) and Value ($ Million) from 2017 to 2028]: 

  • Gas Carriers and Storage
  • Transportation
  • Life Support
  • Recreation and Others

Composite cylinder market by tank type [Volume (Thousand Units) and Value ($ Million) from 2017 to 2028]:

  • Type II
  • Type III
  • Type IV

Composite consumption by fiber type [Volume (Million lbs) and Value ($ Million) from 2017 to 2028]:

  • Glass Fiber Composites
  • Carbon Fiber Composites
  • Aramid Fiber Composites

Composite cylinder market by region [Volume (Thousand Units) and Value ($ Million) from 2017 to 2028]:

  • North America 
  • Europe
  • Rest of the World
Composite cylinder companies profiled in this market report include Luxfer Gas Cylinder, Hexagon Composites ASA, Quantum Technologies, Worthington Cylinders, Time Technoplast, Faber Industries S.p.A., Beijing Tianhai Industry Co., and Ullit are among the major suppliers of composite cylinder. 
 
On the basis of comprehensive research, Lucintel forecasts that the gas carriers & storage and transportation segments are expected to show above average growth during the forecast period. 
 
Within the global composite cylinder market, the transportation segment is expected to remain the largest market by value. Expected growth in the alternative fuel vehicles and increasing requirement of weight reduction with higher gas carrying capacity are the major driving forces that spur growth for this segment over the forecast period. 

Europe is expected to remain the largest market for composite cylinder due to the higher acceptance level and increasing use of lightweight cylinders. 

Some of the features of “Growth Opportunities in the Global Composite Cylinder Market 2023-2028: Trends, Forecast, and Opportunity Analysis” include:

  • Market size estimates: Global composite cylinder market size estimation in terms of value ($M) and volume (Thousand Units) shipment.
  • Trend and forecast analysis: Market trend (2017-2022) and forecast (2023-2028) by segments and region.
  • Segmentation analysis: Global composite cylinder market size by various segments such as end use, tank type, fiber type, and composite consumption in terms of value and volume shipment
    Global composite cylinder market size by various segments such as end use, tank type, fiber type, and composite consumption in terms of value and volume shipment.
  • Growth opportunities: Analysis on growth opportunities in different applications.
  • Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of composite cylinder in the global composite cylinder market suppliers. 
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the composite cylinder market size?
Answer:The global composite cylinder market is expected to reach an estimated $1.6 billion by 2028.
Q2. What is the growth forecast for composite cylinder market?
Answer:The composite cylinder market is expected to grow at a CAGR of 5.4% from 2022 to 2028.    
Q3. What are the major drivers influencing the growth of the composite cylinder market?
Answer: The major drivers for market growth are increasing number of natural gas vehicles (NGVs) and growing demand for lightweight cylinders with higher pressure requirement and greater gas carrying capacity per cylinder.  
Q4. What are the major applications or end use industries for composite cylinder?
Answer:Transportation and life support are the major end uses for composite cylinder.       
Q5. What are the emerging trends in composite cylinder market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, includes increase in green fleet by major corporations, development of type-V tanks, and minimization of carbon footprints by governments.
Q6. Who are the key composite cylinder companies?
Answer:Some of the key composite cylinder companies are as follows:
  • Luxfer Gas Cylinder
  • Hexagon Composites ASA
  • Quantum Technologies
  • Worthington Cylinders
  • Time Technoplast, 
  • Faber Industries S.p.A., 
  • Beijing Tianhai Industry Co., 
  • Ullit 
Q7.Which composite cylinder cylinder type segment will be the largest in future?
Answer: Lucintel forecasts that type-IV cylinder will remain the largest segment and also expected to witness the highest growth over the forecast period.
Q8: In composite cylinder market, which region is expected to be the largest in next 5 years?
Answer:Europe is expected to remain the largest region and ROW is expected to witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report addresses the following 11 questions:
 
Q.1.  What are some of the most promising, high-growth opportunities for global composite cylinder market by end use (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)?
Q.2. Which products segments will grow at a faster pace and why? 
Q.3. Which region will grow at a faster pace and why? 
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in composite cylinder market? 
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and the reasons behind them? 
Q.7. What are some of the changing demands of customers in composite cylinder market? 
Q.8. What are the new developments in the market and which companies are leading these developments? 
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth? 
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11.  What M&A activity has occurred in the last 5 years? 

Report Scope
Key Features Description
Base Year for Estimation 2022
Trend Period
(Actual Estimates)
2017-2022
Forecast Period 2023-2028
Pages 141
Market Representation / Units Units Revenue in US $ Billion and Volume in Thousand Units
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments By end use (gas carriers and storage, transportation, life support, recreation and others), By tank type (Type II, Type III, Type IV), and composite consumption by fiber type (Glass Fiber Composites, Carbon Fiber Composites and Aramid Fiber Composites)
Regional Scope North America, Europe, and RoW
Customization 10% Customization Without any Additional Cost
 

 
Table of Contents
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends and Forecast
3.2: Global Composite Cylinder Market Trends and Forecast
3.3: Global Composite Cylinder Market by End Use
3.3.1: Gas Carriers and Storage
3.3.2: Transportation
3.3.3: Life Support
3.3.4: Recreation and Other
3.4: Global Composite Cylinder Market by Tank Type
3.4.1: Type II
3.4.2: Type III
3.4.3: Type IV
3.5: Composite Consumption in the Global Composite Cylinder Market by Fiber Type
3.5.1: Glass Fiber Composites
3.5.2: Carbon Fiber Composites
3.5.3: Aramid Fiber Composites
 
4. Market Trends and Forecast Analysis by Region
4.1: Global Composite Cylinder Market by Region
4.2: North American Composite Cylinder Market
4.3: European Composite Cylinder Market
4.4: Rest of the World Composite Cylinder Market
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Composite Cylinder Market by End Use
6.1.2: Growth Opportunities for the Global Composite Cylinder Market by Tank Type
6.1.3: Growth Opportunities for the Composite Consumption in the Global Composite Cylinder Market by Fiber Type
6.1.4: Growth Opportunities for the Global Composite Cylinder Market by Region
6.2: Emerging Trends in the Global Composite Cylinder Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Composite Cylinder Market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Composite Cylinder Market
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: Luxfer Gas Cylinder
7.2: Hexagon Composites ASA
7.3: Quantum Technologies
7.4: Worthington Cylinders
7.5: Drägerwerk AG & Co. KGaA
7.6: Time Technoplast
7.7: Faber Industrie S.p.A.
7.8: Beijing Tianhai Industry Co.
7.9: Ullit
 
 
.

Buy full report or by chapter as follows

Price by License Type:
[-] Hide Chapter Details
[Chapter Number] [Chapter Name] [Chapter Number Of Pages] [Chapter Price]
Title/Chapter Name Pages Price
Full Report: Composite Cylinder Market: Trends, Opportunities and Competitive Analysis [2023-2028] Full Report $ 4,850
60 figures/charts and 51 tables are provided in this roughly 136- page report.
Chapter - 1: Executive Summary 5 $ 435
1.Executive Summary
Chapter - 2: Market Background and Classifications 10 $ 218
2.      Market Background and Classifications
2.1Introduction, Background, and Classifications.
2.2Supply Chain.
2.3Industry Drivers and Challenges
Chapter - 3: Market Trends and Forecast Analysis, 2011-2022 33 $ 1,740
3. Market Trends and Forecast Analysis
3.1  Macroeconomic Trends and Forecast
3.2  Global Composite Cylinder Market Trends and Forecast
3.3 Global Composite Cylinder Market by End Use Industry.
3.3.1 Gas Carriers and Storage.
3.3.2 Transportation.
3.3.3  Life Support
3.3.4  Recreation and Other
3.4  Global Composite Cylinder Market by Tank Type.
3.4.1 Type II
3.4.2  Type III
3.4.3 Type IV
3.5 Composite Consumption in the Global Composite Cylinder Market by Fiber Type
3.5.1 Glass Fiber Composites
3.5.2 Carbon Fiber Composites
3.5.3 Aramid Fiber Composites
Chapter - 4: Market Trends and Forecast Analysis by Region 9 $ 2,248
4.  Market Trends and Forecast Analysis by Region.

4.1   Global Composite Cylinder Market by Region.
4.2    North American Composite Cylinder Market
4.3     European Composite Cylinder Market
4.4      Rest of the World Composite Cylinder Market
Chapter - 5: Competitor Analysis 11 $ 725
5. Competitor Analysis.
5.1 Product Portfolio Analysis.
5.2 Market Share Analysis.
5.3 Operational Integration.
5.4 Geographical Reach.
5.5 Porter’s Five Forces Analysis.
Chapter - 6: Growth Opportunities and Strategic Analysis 24 $ 508
6. Growth Opportunities and Strategic Analysis.
6.1 Growth Opportunity Analysis.
6.1.1 Growth Opportunities for the Global Composite Cylinder Market by End Use Industry
6.1.2  Growth Opportunities for the Global Composite Cylinder Market by Tank Type
6.1.3 Growth Opportunities for the Composite Consumption in the Global Composite Cylinder Market by Fiber Type.
6.1.4 Growth Opportunities for the Global Composite Cylinder Market by Region.
6.2 Emerging Trends in the Global Composite Cylinder Market
6.3 Strategic Analysis.
6.3.1  New Product Development
6.3.2 Capacity Expansion of the Global Composite Cylinder Market
6.3.3 Mergers, Acquisitions and Joint Ventures in the Global Composite Cylinder Market
6.3.4 Certification and Licensing.
Chapter - 7: Company Profiles of Leading Players 25 $ 870
7.  Company Profiles of Leading Players.
7.1 Luxfer Gas Cylinder.
7.2  Hexagon Composites ASA.
7.3 Quantum Technologies.
7.4  Worthington Cylinders.
7.5 Drägerwerk AG & Co. KGaA.
7.6 Time Technoplast.
7.7 Faber Industrie S.p.A.
7.8 Beijing Tianhai Industry Co.
7.9  Ullit
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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