The global high pressure vessels composites market is expected to grow at a CAGR of 6.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for hydrogen vehicles and gas transport, which are expected to drive the demand for high pressure vessels composites in the near future.
Epoxy resin is one of the most commonly used materials in high pressure vessels composites due to its low cost and ease of use. Epoxy resin is also used as a binder material in carbon fiber and glass fiber composites, which are more expensive than epoxy resin but offer better performance characteristics such as higher strength and stiffness with lower weight density than epoxy resins. Carbon fiber has been gaining popularity over glass fiber due to its superior mechanical properties such as higher strength-to-weight ratio, stiffness-to-weight ratio, fatigue resistance, corrosion resistance, thermal stability etc, making it suitable for applications where weight reduction or improved performance are required such as aerospace industry or automotive industry.
Some Of The Growth Factors Of This Market:
- Increasing demand for energy efficient vessels and increasing demand for high pressure vessels are the major drivers of the High Pressure Vessels Composites market.
- Increasing demand for high pressure vessels in the oil & gas industry is expected to drive the growth of this market.
- The global economic slowdown has impacted the growth of this market, but it is expected to recover in 2020.
- The Asia-Pacific region is projected to be one of the fastest growing regions in terms of consumption.
Industry Growth Insights published a new data on “High Pressure Vessels Composites Market”. The research report is titled “High Pressure Vessels Composites Market research by Types (Epoxy Resin, Carbon Fiber, Glass Fiber), By Applications (CNG Vehicles, Hydrogen Vehicles, Gas Transport), By Players/Companies Samuel Pressure Vessel Group, Doosan Heavy Industries & Construction, Halvorsen, General Electric, Bharat Heavy Electricals, Westinghouse Electric Company, Larsen & Toubro, Mitsubishi Heavy Industries”.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Pressure Vessels Composites Market Research Report
By Type
Epoxy Resin, Carbon Fiber, Glass Fiber
By Application
CNG Vehicles, Hydrogen Vehicles, Gas Transport
By Companies
Samuel Pressure Vessel Group, Doosan Heavy Industries & Construction, Halvorsen, General Electric, Bharat Heavy Electricals, Westinghouse Electric Company, Larsen & Toubro, Mitsubishi Heavy Industries
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global High Pressure Vessels Composites Market Report Segments:
The global High Pressure Vessels Composites market is segmented on the basis of:
Types
Epoxy Resin, Carbon Fiber, Glass Fiber
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
CNG Vehicles, Hydrogen Vehicles, Gas Transport
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:
- Samuel Pressure Vessel Group
- Doosan Heavy Industries & Construction
- Halvorsen
- General Electric
- Bharat Heavy Electricals
- Westinghouse Electric Company
- Larsen & Toubro
- Mitsubishi Heavy Industries
Highlights of The High Pressure Vessels Composites 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:
- Epoxy Resin
- Carbon Fiber
- Glass Fiber
- By Application:
- CNG Vehicles
- Hydrogen Vehicles
- Gas Transport
- 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 Vessels Composites 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?
High pressure vessels composites are a type of composite material that is used in the construction of high pressure vessels. These materials are typically made up of a variety of different types of fibers and plastics, and they are often designed to be lightweight and durable. They can be used to create both traditional high pressure vessel components, as well as novel designs that may not be possible with other types of materials.
Some of the major players in the high pressure vessels composites market are Samuel Pressure Vessel Group, Doosan Heavy Industries & Construction, Halvorsen, General Electric, Bharat Heavy Electricals, Westinghouse Electric Company, Larsen & Toubro, Mitsubishi Heavy Industries.
The high pressure vessels composites market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Pressure Vessels Composites Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Pressure Vessels Composites Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Pressure Vessels Composites Market - Supply Chain
4.5. Global High Pressure Vessels Composites Market Forecast
4.5.1. High Pressure Vessels Composites Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Pressure Vessels Composites Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Pressure Vessels Composites Market Absolute $ Opportunity
5. Global High Pressure Vessels Composites Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Pressure Vessels Composites Market Size and Volume Forecast by Type
5.3.1. Epoxy Resin
5.3.2. Carbon Fiber
5.3.3. Glass Fiber
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Pressure Vessels Composites Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Pressure Vessels Composites Market Size and Volume Forecast by Application
6.3.1. CNG Vehicles
6.3.2. Hydrogen Vehicles
6.3.3. Gas Transport
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Pressure Vessels Composites Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Pressure Vessels Composites Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Pressure Vessels Composites Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Pressure Vessels Composites Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Pressure Vessels Composites Demand Share Forecast, 2019-2026
9. North America High Pressure Vessels Composites Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Pressure Vessels Composites Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Pressure Vessels Composites Market Size and Volume Forecast by Application
9.4.1. CNG Vehicles
9.4.2. Hydrogen Vehicles
9.4.3. Gas Transport
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Pressure Vessels Composites Market Size and Volume Forecast by Type
9.7.1. Epoxy Resin
9.7.2. Carbon Fiber
9.7.3. Glass Fiber
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Pressure Vessels Composites Demand Share Forecast, 2019-2026
10. Latin America High Pressure Vessels Composites Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Pressure Vessels Composites Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Pressure Vessels Composites Market Size and Volume Forecast by Application
10.4.1. CNG Vehicles
10.4.2. Hydrogen Vehicles
10.4.3. Gas Transport
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Pressure Vessels Composites Market Size and Volume Forecast by Type
10.7.1. Epoxy Resin
10.7.2. Carbon Fiber
10.7.3. Glass Fiber
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Pressure Vessels Composites Demand Share Forecast, 2019-2026
11. Europe High Pressure Vessels Composites Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Pressure Vessels Composites Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Pressure Vessels Composites Market Size and Volume Forecast by Application
11.4.1. CNG Vehicles
11.4.2. Hydrogen Vehicles
11.4.3. Gas Transport
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Pressure Vessels Composites Market Size and Volume Forecast by Type
11.7.1. Epoxy Resin
11.7.2. Carbon Fiber
11.7.3. Glass Fiber
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Pressure Vessels Composites Demand Share, 2019-2026
12. Asia Pacific High Pressure Vessels Composites Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Pressure Vessels Composites Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Pressure Vessels Composites Market Size and Volume Forecast by Application
12.4.1. CNG Vehicles
12.4.2. Hydrogen Vehicles
12.4.3. Gas Transport
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Pressure Vessels Composites Market Size and Volume Forecast by Type
12.7.1. Epoxy Resin
12.7.2. Carbon Fiber
12.7.3. Glass Fiber
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Pressure Vessels Composites Demand Share, 2019-2026
13. Middle East & Africa High Pressure Vessels Composites Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Pressure Vessels Composites Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Pressure Vessels Composites Market Size and Volume Forecast by Application
13.4.1. CNG Vehicles
13.4.2. Hydrogen Vehicles
13.4.3. Gas Transport
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Pressure Vessels Composites Market Size and Volume Forecast by Type
13.7.1. Epoxy Resin
13.7.2. Carbon Fiber
13.7.3. Glass Fiber
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Pressure Vessels Composites Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Pressure Vessels Composites Market: Market Share Analysis
14.2. High Pressure Vessels Composites Distributors and Customers
14.3. High Pressure Vessels Composites Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Samuel Pressure Vessel Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Doosan Heavy Industries & Construction
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Halvorsen
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. General Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bharat Heavy Electricals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Westinghouse Electric Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Larsen & Toubro
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mitsubishi Heavy Industries
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
