Market Overview:
The global high pressure composite cylinders market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high pressure composite cylinders from various end-use industries, such as SCBA, medical, specialty gas, alternative fuel and others. In addition, the growing awareness about the benefits of using high pressure composite cylinders is also contributing to the growth of this market. On the basis of type, glass fiber composites are expected to account for a major share in the global high pressure composite cylinders market during the forecast period. This can be attributed to their superior properties such as light weight and corrosion resistance as compared with other types of composites materials used for manufacturing high pressure composite cylinders.
Product Definition:
A high-pressure composite cylinder is a gas storage container made from carbon fiber or other composite materials. These cylinders are used for applications where weight and space are at a premium, such as in aerospace and military applications.
Glass Fiber Composites:
Glass fiber composites (GFC) are materials made from fine fibers of glass. Glass fibers are used to make GFC by aligning them parallel and then coating them with a resin. The most commonly used resins for this process include polyester, epoxy, vinyl ester, and urethane.
Carbon Fiber Composites:
Carbon fiber composites are carbon atoms that are bonded together in crystals to form a material with properties such as high tensile strength, high thermal stability, and electrical conductivity. Carbon fibers are used to manufacture various products including fabrics, resins (thermoplastics & thermoplastics), aramid fibers (high-tensile synthetic fiber), and composite materials.
Application Insights:
The specialty gas application segment led the global high pressure composite cylinders market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to rising demand for these products from various industries including oil & gas, chemical, power generation and petrochemicals among others. In addition, favorable government initiatives are expected to boost industry growth over the coming years as well.
High-pressure carbon fiber composites offer several advantages such as lightweight and enhanced strength compared to conventional materials used in manufacturing SCBA cylinders. These factors are anticipated to drive their demand in manufacturing SCBAs which would subsequently fuel product demand during the forecast period.
In terms of revenue, medical application dominated with a share of 28% in 2017 owing to increasing use of these products for providing oxygen therapy at high pressure levels across hospitals.
Regional Analysis:
North America was the largest regional market in 2017 owing to the presence of a large number of key players and well-established oil & gas industry. The region is expected to maintain its dominance over the forecast period due to increasing demand for high pressure composite cylinders from various end-use industries such as healthcare, science & research, safety equipment manufacturing, etc. In addition, growing alternative fuel vehicle production in this region will drive product demand further.
The Asia Pacific is anticipated to be one of the fastest growing regions with a CAGR exceeding 5% during the forecast period owing to rapid industrialization and economic development coupled with rising energy requirements resulting from population growth. Furthermore, government initiatives encouraging private investment in infrastructure development are likely boost market growth over coming years hence boosting overall product demand across several end-use applications including SCBA and medical industry among others in this region.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in the aerospace and defense sectors is expected to drive the growth of the high pressure composite cylinders market over the forecast period.
- The increasing demand for compressed natural gas (CNG) as a fuel source is also anticipated to boost market growth during the forecast period.
- Growing investments in pipeline infrastructure across various regions is expected to provide an impetus to market growth over the next few years.
- The increasing use of high pressure composite cylinders in medical applications is another key factor that is projected to fuel market growth during the forecast period.
- Technological advancements in manufacturing processes are likely to create new opportunities for players operating in this market over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
High Pressure Composite Cylinders Market Research Report
By Type
Glass Fiber Composites, Carbon Fiber Composites, Aramid Fiber Composites
By Application
SCBA, Medical, Specialty Gas, Alternative Fuel, Others
By Companies
Luxfer, Catalina Composites, SAMTECH Co., Ltd, Hexagon Ragasco AS, Luxfer
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global High Pressure Composite Cylinders Market Report Segments:
The global High Pressure Composite Cylinders market is segmented on the basis of:
Types
Glass Fiber Composites, Carbon Fiber Composites, Aramid Fiber Composites
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SCBA, Medical, Specialty Gas, Alternative Fuel, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Luxfer
- Catalina Composites
- SAMTECH Co., Ltd
- Hexagon Ragasco AS
- Luxfer
Highlights of The High Pressure Composite Cylinders Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Glass Fiber Composites
- Carbon Fiber Composites
- Aramid Fiber Composites
- By Application:
- SCBA
- Medical
- Specialty Gas
- Alternative Fuel
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Pressure Composite Cylinders Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High pressure composite cylinders are used to store and transport pressurized gas or liquids. They are made of a variety of materials, including metal, plastic, and composites. These cylinders can withstand high pressures and temperatures, making them ideal for use in industries such as oil drilling, mining, manufacturing, and aerospace.
Some of the major companies in the high pressure composite cylinders market are Luxfer, Catalina Composites, SAMTECH Co., Ltd, Hexagon Ragasco AS, Luxfer.
The high pressure composite cylinders market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Pressure Composite Cylinders Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Pressure Composite Cylinders Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Pressure Composite Cylinders Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Pressure Composite Cylinders Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Pressure Composite Cylinders Market Size & Forecast, 2020-2028
4.5.1 High Pressure Composite Cylinders Market Size and Y-o-Y Growth
4.5.2 High Pressure Composite Cylinders Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Glass Fiber Composites
5.2.2 Carbon Fiber Composites
5.2.3 Aramid Fiber Composites
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 SCBA
6.2.2 Medical
6.2.3 Specialty Gas
6.2.4 Alternative Fuel
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Pressure Composite Cylinders Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Pressure Composite Cylinders Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Glass Fiber Composites
9.6.2 Carbon Fiber Composites
9.6.3 Aramid Fiber Composites
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 SCBA
9.10.2 Medical
9.10.3 Specialty Gas
9.10.4 Alternative Fuel
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Glass Fiber Composites
10.6.2 Carbon Fiber Composites
10.6.3 Aramid Fiber Composites
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 SCBA
10.10.2 Medical
10.10.3 Specialty Gas
10.10.4 Alternative Fuel
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Glass Fiber Composites
11.6.2 Carbon Fiber Composites
11.6.3 Aramid Fiber Composites
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 SCBA
11.10.2 Medical
11.10.3 Specialty Gas
11.10.4 Alternative Fuel
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Glass Fiber Composites
12.6.2 Carbon Fiber Composites
12.6.3 Aramid Fiber Composites
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 SCBA
12.10.2 Medical
12.10.3 Specialty Gas
12.10.4 Alternative Fuel
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Glass Fiber Composites
13.6.2 Carbon Fiber Composites
13.6.3 Aramid Fiber Composites
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 SCBA
13.10.2 Medical
13.10.3 Specialty Gas
13.10.4 Alternative Fuel
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Pressure Composite Cylinders Market: Competitive Dashboard
14.2 Global High Pressure Composite Cylinders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Luxfer
14.3.2 Catalina Composites
14.3.3 SAMTECH Co., Ltd
14.3.4 Hexagon Ragasco AS
14.3.5 Luxfer
