Offer | Need | All

Opportunities for the global composite cylinder market to reach $968 million by 2022 USD - 75,039

Publish Date: 09-11-2018 14:10:10 | Contact name: Lucintel | Location: USA | Place: Lucintel, 8951 Cypress Waters Blvd., Suite 160, Dallas, TX 75019 | 1 times displayed |

According to
a new market report published by Lucintel, the future of global composite
cylinder market looks promising with opportunities in gas carriers &
storage, transportation, life support, and recreation industries. The global composite cylinder market is expected to reach an estimated $968 million by 2022 and it is forecast to grow at a CAGR of 7.2% from 2017 to 2022. 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.



In this market, gas carriers & storage,
transportation, life support, and recreation & others are the major end use
industries. 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.



By type of tank, type IV CNG cylinder is
expected to be the largest segment due to its growing demand in large transit
buses, delivery trucks, and bulk transportation of gases.



By fiber
type, carbon fiber composite in the global composite cylinder market is expected to remain the largest material
type by value and glass fiber composite is expected to be the largest material
type by volume over the forecast period.
The lightweight characteristics and higher performance benefits are likely to
drive the demand for carbon fiber composite 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.



North America
is expected to witness the highest growth rate during the forecast period due
to the expected growth in the
alternative fuel vehicle fleet, increasing natural gas activities, and growing
use of lightweight cylinders.



Europe is
expected to remain the largest market, whereas North America is expected to
witness the highest growth rate during the forecast period due to growing
demand from gas carriers and storage and other end use industries.



For business expansion,
Lucintel’s report suggests innovation and new product development to achieve higher
pressure rating, better heat tolerance, and higher gas carrying capacity.



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. 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
cylinders.



Lucintel, a
leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global composite cylinder market and has compiled a comprehensive research
report entitled “Growth
Opportunities in the Global Composite Cylinder Market 2017-2022: Trends,
Forecast, and Opportunity Analysis
.” The Lucintel report serves as a
springboard for growth strategy by providing comprehensive data and analysis on
trends, key drivers, and directions. The study includes a forecast for the
global composite cylinder market by
end use industry, tank type, region, and composite consumption by fiber
type as follows:



By end use Industry [Volume (Thousand Units)
and Value ($ Million) from 2011 to 2022]:



· Gas Carriers
and Storage



· Transportation



· Life Support



· Recreation
and Others



By tank type [Volume (Thousand Units) and Value ($ Million) from 2011 to 2022]:



· Type II



· Type III



· Type IV



Composite
consumption by fiber type [Volume (Million
lbs) and Value ($ Million) from
2011 to 2022]:



· Glass Fiber
Composites



· Carbon Fiber
Composites



· Aramid Fiber
Composites



By region [Volume
(Thousand Units) and Value ($ Million) from 2011 to 2022]:



· North America



· Europe



· Rest of the World



This
136-page research report 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 helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Analysis
.







About
Lucintel



Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.



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 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)?



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 this 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 the 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?











Contact Lucintel: Opportunities for the global composite cylinder market to reach $968 million by 2022

*

*

*



Send me an email with links to manage my Ad