In this report, the Global Composite Cylinders market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2026, growing at a CAGR of XX% between 2019 and 2026. Global Composite Cylinders market has been broken down by major regions, with complete market estimates on the basis of products/applications on a regional basis.
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 2018.
Market Analysis and Insights: Global Composite Cylinders Market
In 2019, the global Composite Cylinders market size was US$ 613.6 million and it is expected to reach US$ 782.7 million by the end of 2026, with a CAGR of 3.5% during 2021-2026.
Global Composite Cylinders Scope and Market Size
Composite Cylinders market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Composite Cylinders market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.
Segment by Type, the Composite Cylinders market is segmented into
Glass Fiber Composites
Carbon Fiber Composites
Segment by Application, the Composite Cylinders market is segmented into
Gas Carriers and Storage
Regional and Country-level Analysis:
Rest of Asia-Pacific
Rest of Europe
Rest of Latin America
Middle East & Africa
Rest of MEA
Competitive Landscape and Composite Cylinders Market Share Analysis
Composite Cylinders market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, Composite Cylinders product introduction, recent developments, Composite Cylinders sales by region, type, application and by sales channel.
The major companies include:
Luxfer Gas Cylinder
Beijing Tianhai Industry
Reasons to Buy This Research Report
- Complete access to Global Composite Cylinders market size, growth rate and forecast to 2026
- In-depth quantitative information on key regional Global Composite Cylinders markets including North America, Europe, MEA and Asia Pacific
- Global Composite Cylinders Market estimates and forecasts for key products/applications on a regional basis
- Facility to obtain country level information for complete Global Composite Cylinders market segmentation
- Key trends, drivers and restraints for global Global Composite Cylinders market
- Challenges to market growth for Global Composite Cylinders manufacturers
- Key market opportunities of Global Composite Cylinders Industry
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