Composite Cylinder Market Key Players Analysis 2031
Composite cylinders are high-pressure vessels that are coated in a polymer composite and enclosed in a plastic housing. Composite cylinders are can be used in different weather conditions due to their design and materials used. Composite cylinders are made up of helically woven fibre and resin which improves its design and safety features. Composite cylinders are explosion proof and non-corrosive.
MARKET SCOPE
The "Global Composite Cylinder Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Composite Cylinder Market Analysis with detailed market segmentation by material, by end use and by geography. The Composite Cylinder Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Composite Cylinder Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Composite Cylinder Market has been segmented into by material and by end use. By material the market has been bifurcated into glass fiber composites, carbon fiber composites and aramid fiber composites. By end use the market has been segmented into gas carriers and storage, transportation, life support and others.
MARKET DYNAMICS
Growth Factors
Restraints
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Composite Cylinder Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Composite Cylinder Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Composite Cylinder Market in these regions.
Impact of Covid 19 Composite Cylinder Market
The Covid 19 pandemic had a significant impact on the Composite Cylinder Market. The rise in the number of cases and increasing severity of the pandemic resulted in several governments and local regulatory authorities to impose lockdowns which restricted the movement of goods and people. A sharp decline in demand from end-use industries such as aerospace, automotive, construction, mining, and oil & gas is likely to affect the market. Demand for composite cylinders in these industries has declined sharply due to lockdowns imposed and decline in manufacturing output as well. As the cases are on a decline and the industries resuming full-fledged production the Composite Cylinder Market is expected to grow in the coming years and stabilize as well.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Composite Cylinder Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Composite Cylinder Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Composite Cylinder Market in these regions.
Impact of Covid 19 Composite Cylinder Market
The Covid 19 pandemic had a significant impact on the Composite Cylinder Market. The rise in the number of cases and increasing severity of the pandemic resulted in several governments and local regulatory authorities to impose lockdowns which restricted the movement of goods and people. A sharp decline in demand from end-use industries such as aerospace, automotive, construction, mining, and oil & gas is likely to affect the market. Demand for composite cylinders in these industries has declined sharply due to lockdowns imposed and decline in manufacturing output as well. As the cases are on a decline and the industries resuming full-fledged production the Composite Cylinder Market is expected to grow in the coming years and stabilize as well.
MARKET PLAYERS
The report covers vital developments in the Composite Cylinder Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Composite Cylinder Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Composite Cylinder Market. Below mentioned is the list of a few companies engaged in the Composite Cylinder Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Composite Cylinder Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Time Technoplast Limited
- Hexagon Composites ASA
- AMS Composite Cylinders
- Luxfer Gas Cyclinder
- Quantum Technologies
- Dragerwerk
- Worthington Cyclinders
- Sinoma
- Faber Industries S.p.A
- Aburi Composites
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Composite Cylinder Market - By Material
1.3.2Composite Cylinder Market - By End Use
1.3.3Composite Cylinder Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.COMPOSITE CYLINDER MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.COMPOSITE CYLINDER MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.COMPOSITE CYLINDER MARKET - GLOBAL MARKET ANALYSIS
6.1.COMPOSITE CYLINDER - GLOBAL MARKET OVERVIEW
6.2.COMPOSITE CYLINDER - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.COMPOSITE CYLINDER MARKET - REVENUE AND FORECASTS TO 2028 " MATERIAL
7.1.OVERVIEW
7.2.MATERIAL MARKET FORECASTS AND ANALYSIS
7.3.GLASS FIBER COMPONENTS
7.3.1.Overview
7.3.2.Glass Fiber Components Market Forecast and Analysis
7.4.CARBON FIBER COMPONENTS
7.4.1.Overview
7.4.2.Carbon Fiber Components Market Forecast and Analysis
7.5.ARAMID FIBER COMPONENTS
7.5.1.Overview
7.5.2.Aramid Fiber Components Market Forecast and Analysis
8.COMPOSITE CYLINDER MARKET - REVENUE AND FORECASTS TO 2028 " END USE
8.1.OVERVIEW
8.2.END USE MARKET FORECASTS AND ANALYSIS
8.3.GAS CARRIERS AND STORAGE
8.3.1.Overview
8.3.2.Gas Carriers and Storage Market Forecast and Analysis
8.4.TRANSPORTATION
8.4.1.Overview
8.4.2.Transportation Market Forecast and Analysis
8.5.LIFE SUPPORT
8.5.1.Overview
8.5.2.Life Support Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.COMPOSITE CYLINDER MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Composite Cylinder Market Overview
9.1.2North America Composite Cylinder Market Forecasts and Analysis
9.1.3North America Composite Cylinder Market Forecasts and Analysis - By Material
9.1.4North America Composite Cylinder Market Forecasts and Analysis - By End Use
9.1.5North America Composite Cylinder Market Forecasts and Analysis - By Countries
9.1.5.1United States Composite Cylinder Market
9.1.5.1.1United States Composite Cylinder Market by Material
9.1.5.1.2United States Composite Cylinder Market by End Use
9.1.5.2Canada Composite Cylinder Market
9.1.5.2.1Canada Composite Cylinder Market by Material
9.1.5.2.2Canada Composite Cylinder Market by End Use
9.1.5.3Mexico Composite Cylinder Market
9.1.5.3.1Mexico Composite Cylinder Market by Material
9.1.5.3.2Mexico Composite Cylinder Market by End Use
9.2.EUROPE
9.2.1Europe Composite Cylinder Market Overview
9.2.2Europe Composite Cylinder Market Forecasts and Analysis
9.2.3Europe Composite Cylinder Market Forecasts and Analysis - By Material
9.2.4Europe Composite Cylinder Market Forecasts and Analysis - By End Use
9.2.5Europe Composite Cylinder Market Forecasts and Analysis - By Countries
9.2.5.1Germany Composite Cylinder Market
9.2.5.1.1Germany Composite Cylinder Market by Material
9.2.5.1.2Germany Composite Cylinder Market by End Use
9.2.5.2France Composite Cylinder Market
9.2.5.2.1France Composite Cylinder Market by Material
9.2.5.2.2France Composite Cylinder Market by End Use
9.2.5.3Italy Composite Cylinder Market
9.2.5.3.1Italy Composite Cylinder Market by Material
9.2.5.3.2Italy Composite Cylinder Market by End Use
9.2.5.4Spain Composite Cylinder Market
9.2.5.4.1Spain Composite Cylinder Market by Material
9.2.5.4.2Spain Composite Cylinder Market by End Use
9.2.5.5United Kingdom Composite Cylinder Market
9.2.5.5.1United Kingdom Composite Cylinder Market by Material
9.2.5.5.2United Kingdom Composite Cylinder Market by End Use
9.2.5.6Russia Composite Cylinder Market
9.2.5.6.1Russia Composite Cylinder Market by Material
9.2.5.6.2Russia Composite Cylinder Market by End Use
9.2.5.7Rest of Europe Composite Cylinder Market
9.2.5.7.1Rest of Europe Composite Cylinder Market by Material
9.2.5.7.2Rest of Europe Composite Cylinder Market by End Use
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Composite Cylinder Market Overview
9.3.2Asia-Pacific Composite Cylinder Market Forecasts and Analysis
9.3.3Asia-Pacific Composite Cylinder Market Forecasts and Analysis - By Material
9.3.4Asia-Pacific Composite Cylinder Market Forecasts and Analysis - By End Use
9.3.5Asia-Pacific Composite Cylinder Market Forecasts and Analysis - By Countries
9.3.5.1Australia Composite Cylinder Market
9.3.5.1.1Australia Composite Cylinder Market by Material
9.3.5.1.2Australia Composite Cylinder Market by End Use
9.3.5.2China Composite Cylinder Market
9.3.5.2.1China Composite Cylinder Market by Material
9.3.5.2.2China Composite Cylinder Market by End Use
9.3.5.3India Composite Cylinder Market
9.3.5.3.1India Composite Cylinder Market by Material
9.3.5.3.2India Composite Cylinder Market by End Use
9.3.5.4Japan Composite Cylinder Market
9.3.5.4.1Japan Composite Cylinder Market by Material
9.3.5.4.2Japan Composite Cylinder Market by End Use
9.3.5.5South Korea Composite Cylinder Market
9.3.5.5.1South Korea Composite Cylinder Market by Material
9.3.5.5.2South Korea Composite Cylinder Market by End Use
9.3.5.6Rest of Asia-Pacific Composite Cylinder Market
9.3.5.6.1Rest of Asia-Pacific Composite Cylinder Market by Material
9.3.5.6.2Rest of Asia-Pacific Composite Cylinder Market by End Use
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Composite Cylinder Market Overview
9.4.2Middle East and Africa Composite Cylinder Market Forecasts and Analysis
9.4.3Middle East and Africa Composite Cylinder Market Forecasts and Analysis - By Material
9.4.4Middle East and Africa Composite Cylinder Market Forecasts and Analysis - By End Use
9.4.5Middle East and Africa Composite Cylinder Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Composite Cylinder Market
9.4.5.1.1South Africa Composite Cylinder Market by Material
9.4.5.1.2South Africa Composite Cylinder Market by End Use
9.4.5.2Saudi Arabia Composite Cylinder Market
9.4.5.2.1Saudi Arabia Composite Cylinder Market by Material
9.4.5.2.2Saudi Arabia Composite Cylinder Market by End Use
9.4.5.3U.A.E Composite Cylinder Market
9.4.5.3.1U.A.E Composite Cylinder Market by Material
9.4.5.3.2U.A.E Composite Cylinder Market by End Use
9.4.5.4Rest of Middle East and Africa Composite Cylinder Market
9.4.5.4.1Rest of Middle East and Africa Composite Cylinder Market by Material
9.4.5.4.2Rest of Middle East and Africa Composite Cylinder Market by End Use
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Composite Cylinder Market Overview
9.5.2South and Central America Composite Cylinder Market Forecasts and Analysis
9.5.3South and Central America Composite Cylinder Market Forecasts and Analysis - By Material
9.5.4South and Central America Composite Cylinder Market Forecasts and Analysis - By End Use
9.5.5South and Central America Composite Cylinder Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Composite Cylinder Market
9.5.5.1.1Brazil Composite Cylinder Market by Material
9.5.5.1.2Brazil Composite Cylinder Market by End Use
9.5.5.2Argentina Composite Cylinder Market
9.5.5.2.1Argentina Composite Cylinder Market by Material
9.5.5.2.2Argentina Composite Cylinder Market by End Use
9.5.5.3Rest of South and Central America Composite Cylinder Market
9.5.5.3.1Rest of South and Central America Composite Cylinder Market by Material
9.5.5.3.2Rest of South and Central America Composite Cylinder Market by End Use
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.COMPOSITE CYLINDER MARKET, KEY COMPANY PROFILES
11.1.TIME TECHNOPLAST LIMITED
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.HEXAGON COMPOSITES ASA
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.AMS COMPOSITE CYLINDERS
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.LUXFER GAS CYCLINDER
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.QUANTUM TECHNOLOGIES
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.DRAGERWERK
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.WORTHINGTON CYCLINDERS
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.SINOMA
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.FABER INDUSTRIES S.P.A
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.ABURI COMPOSITES
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1.Time Technoplast Limited
2.Hexagon Composites ASA
3.AMS Composite Cylinders
4.Luxfer Gas Cyclinder
5.Quantum Technologies
6.Dragerwerk
7.Worthington Cyclinders
8.Sinoma
9.Faber Industries S.p.A
10.Aburi Composites
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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