Market Overview:
The global lightweight carbon composite cylinders market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into < 500 liters, < 1000 liters and ≥1000 liters. The transportation sector accounts for the majority share in terms of application in this market followed by medical and others sectors respectively. North America dominates this market followed by Europe, Asia Pacific and Latin America respectively due to early adoption of new technologies in these regions.
Product Definition:
Lightweight Carbon Composite Cylinders are cylinders made from carbon fiber and plastic that are used to store compressed gas. They are lighter than traditional metal cylinders, which makes them easier to transport and use.
< 500 Liters:
500-liter capacity carbon composite cylinders are used for storing gases and liquids. They are manufactured using high-quality raw materials such as aramid fibers, which is a type of synthetic fiber that is produced from the processed remains of the staple fiber production process. The end product consists of a long, hollow tube made up of high strength material that can be customized based on required dimensions and shapes.
The global demand for lightweight carbon composite cylinders is expected to witness significant growth over the forecast period. The primary factor driving this growth is their ability to reduce fuel consumption in internal combustion engines.
Carbon composites are increasingly being used as an alternative material for manufacturing automotive components owing to several benefits they can offer, such as lower weight and higher strength than steel or aluminum.
Application Insights:
The transportation application segment led the global lightweight carbon composite cylinders market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The product has several advantages including low weight, high strength and stiffness, corrosion resistance, excellent surface finish and cost-effectiveness as compared to steel. These factors are likely to drive its demand in the transportation industry over the coming years.
Medical application segment is expected to witness significant growth with a CAGR of XX% from 2018 to 2030 owingto increasing R&D activities for manufacturing lightweight and strong composites for use in medical applications such as orthopedic implants & devices, spinal surgery instruments etc., Lightweight carbon composite cylinders have several benefits including good mechanical properties (stiffness & strength), better accuracy than titanium alloys (less porosity), less shrinkage when annealed after casting etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in an increasing demand for transport facilities. This is likely to boost product demand across several industries including construction, automotive and marine.
Europe accounted for a significant share of global volume owing to high R&D investments by manufacturers as well as consumers coupled with technological innovations in lightweight composite materials used across various applications. North America emerged as the second-largest regional market due to rising consumer awareness regarding carbon emissions associated with vehicle operation and growing emphasis on fuel economy among automobile manufacturers operating within U.S.
Growth Factors:
- Increasing demand for lightweight carbon composite cylinders in the automotive and aerospace industries due to their high strength-to-weight ratio and corrosion resistance properties.
- Growing popularity of carbon fiber composites as a replacement for traditional materials such as aluminum and steel in various end-use applications.
- Rising investments by key players in R&D activities to develop innovative lightweight carbon composite cylinders products.
- Proliferation of advanced manufacturing technologies that help reduce the weight of carbon composite cylinders without compromising on performance or safety standards.
- increasing demand from emerging economies such as China, India, Brazil, and Mexico due to rising disposable incomes and growing industrialization
Scope Of The Report
Report Attributes
Report Details
Report Title
Lightweight Carbon Composite Cylinders Market Research Report
By Type
< 500 Liters, <1000 Liters, ≥1000 Liters
By Application
Transportation, Medical, Others
By Companies
Genstar Technologies Company Inc, AMS Composite Cylinders, Luxfer, Axcel, Faber Industrie, Worthington Cylinders, Dragerwerk, Time Technoplast
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Lightweight Carbon Composite Cylinders Market Report Segments:
The global Lightweight Carbon Composite Cylinders market is segmented on the basis of:
Types
< 500 Liters, <1000 Liters, ≥1000 Liters
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
Transportation, Medical, 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:
- Genstar Technologies Company Inc
- AMS Composite Cylinders
- Luxfer
- Axcel
- Faber Industrie
- Worthington Cylinders
- Dragerwerk
- Time Technoplast
Highlights of The Lightweight Carbon 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:
- < 500 Liters
- <1000 Liters
- ≥1000 Liters
- By Application:
- Transportation
- Medical
- 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 Lightweight Carbon 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Lightweight carbon composite cylinders are made from a combination of carbon fiber and plastic. They are designed to be lightweight and durable, making them a good option for applications where weight is an important factor.
Some of the key players operating in the lightweight carbon composite cylinders market are Genstar Technologies Company Inc, AMS Composite Cylinders, Luxfer, Axcel, Faber Industrie, Worthington Cylinders, Dragerwerk, Time Technoplast.
The lightweight carbon composite cylinders market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lightweight Carbon 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 Lightweight Carbon Composite Cylinders Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Lightweight Carbon 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 Lightweight Carbon 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 Lightweight Carbon Composite Cylinders Market Size & Forecast, 2018-2028 4.5.1 Lightweight Carbon Composite Cylinders Market Size and Y-o-Y Growth 4.5.2 Lightweight Carbon Composite Cylinders Market Absolute $ Opportunity
Chapter 5 Global Lightweight Carbon Composite Cylinders 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 Lightweight Carbon Composite Cylinders Market Size Forecast by Type
5.2.1 < 500 Liters
5.2.2 <1000 Liters
5.2.3 ≥1000 Liters
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lightweight Carbon Composite Cylinders 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 Lightweight Carbon Composite Cylinders Market Size Forecast by Applications
6.2.1 Transportation
6.2.2 Medical
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lightweight Carbon 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 Lightweight Carbon 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 Lightweight Carbon Composite Cylinders Analysis and Forecast
9.1 Introduction
9.2 North America Lightweight Carbon Composite Cylinders 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 Lightweight Carbon Composite Cylinders Market Size Forecast by Type
9.6.1 < 500 Liters
9.6.2 <1000 Liters
9.6.3 ≥1000 Liters
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 Lightweight Carbon Composite Cylinders Market Size Forecast by Applications
9.10.1 Transportation
9.10.2 Medical
9.10.3 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 Lightweight Carbon Composite Cylinders Analysis and Forecast
10.1 Introduction
10.2 Europe Lightweight Carbon Composite Cylinders 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 Lightweight Carbon Composite Cylinders Market Size Forecast by Type
10.6.1 < 500 Liters
10.6.2 <1000 Liters
10.6.3 ≥1000 Liters
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 Lightweight Carbon Composite Cylinders Market Size Forecast by Applications
10.10.1 Transportation
10.10.2 Medical
10.10.3 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 Lightweight Carbon Composite Cylinders Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lightweight Carbon Composite Cylinders 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 Lightweight Carbon Composite Cylinders Market Size Forecast by Type
11.6.1 < 500 Liters
11.6.2 <1000 Liters
11.6.3 ≥1000 Liters
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 Lightweight Carbon Composite Cylinders Market Size Forecast by Applications
11.10.1 Transportation
11.10.2 Medical
11.10.3 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 Lightweight Carbon Composite Cylinders Analysis and Forecast
12.1 Introduction
12.2 Latin America Lightweight Carbon Composite Cylinders 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 Lightweight Carbon Composite Cylinders Market Size Forecast by Type
12.6.1 < 500 Liters
12.6.2 <1000 Liters
12.6.3 ≥1000 Liters
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 Lightweight Carbon Composite Cylinders Market Size Forecast by Applications
12.10.1 Transportation
12.10.2 Medical
12.10.3 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) Lightweight Carbon Composite Cylinders Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lightweight Carbon Composite Cylinders 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) Lightweight Carbon Composite Cylinders Market Size Forecast by Type
13.6.1 < 500 Liters
13.6.2 <1000 Liters
13.6.3 ≥1000 Liters
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) Lightweight Carbon Composite Cylinders Market Size Forecast by Applications
13.10.1 Transportation
13.10.2 Medical
13.10.3 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 Lightweight Carbon Composite Cylinders Market: Competitive Dashboard
14.2 Global Lightweight Carbon Composite Cylinders Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Genstar Technologies Company Inc
14.3.2 AMS Composite Cylinders
14.3.3 Luxfer
14.3.4 Axcel
14.3.5 Faber Industrie
14.3.6 Worthington Cylinders
14.3.7 Dragerwerk
14.3.8 Time Technoplast