Global Composite Cylinders Market Insights, Forecast to 2025
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
The Composite Cylinders market was valued at 570 Million US$ in 2018 and is projected to reach 720 Million US$ by 2025, at a CAGR of 3.5% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Composite Cylinders.
This report presents the worldwide Composite Cylinders market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Luxfer Gas Cylinder
Hexagon Composites
Sinoma
Aburi Composites
Faber Industrie
Worthington Cylinders
Dragerwerk
Santek
Time Technoplast
Rubis Caribbean
Ullit
Beijing Tianhai Industry
Composite Cylinders Breakdown Data by Type
Glass Fiber Composites
Carbon Fiber Composites
Composite Cylinders Breakdown Data by Application
Gas Carriers and Storage
Transportation
Life Support
Other
Composite Cylinders Production by Region
United States
Europe
China
Japan
Other Regions
Composite Cylinders Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Composite Cylinders status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Composite Cylinders manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Composite Cylinders :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Composite Cylinders market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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
The Composite Cylinders market was valued at 570 Million US$ in 2018 and is projected to reach 720 Million US$ by 2025, at a CAGR of 3.5% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Composite Cylinders.
This report presents the worldwide Composite Cylinders market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
Luxfer Gas Cylinder
Hexagon Composites
Sinoma
Aburi Composites
Faber Industrie
Worthington Cylinders
Dragerwerk
Santek
Time Technoplast
Rubis Caribbean
Ullit
Beijing Tianhai Industry
Composite Cylinders Breakdown Data by Type
Glass Fiber Composites
Carbon Fiber Composites
Composite Cylinders Breakdown Data by Application
Gas Carriers and Storage
Transportation
Life Support
Other
Composite Cylinders Production by Region
United States
Europe
China
Japan
Other Regions
Composite Cylinders Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global Composite Cylinders status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key Composite Cylinders manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Composite Cylinders :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Composite Cylinders market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
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