Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the pressure vessel composite materials market provides an in-depth analysis of segments and sub-segments in the global as well as
regional pressure vessel composite materials market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional pressure vessel composite materials market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of the global pressure vessel composite materials market.
According to the report, the global pressure vessel composite materials market
is projected to grow at a CAGR of 22.1% over the forecast period of 2019-2025.
Pressure vessels are ergonomically
designed chambers that enclose gases or liquids. These vessels are of different
shapes, the most common is cylindrical and conical for industrial applications.
Pressure vessels are used in a wide range of applications such as distillation
towers, power plants, and hot water storage tanks. Companies operating in the
global pressure vessel composite materials market are focusing on strategic
mergers, acquisitions, and new product launches that maximize their market
share.
The increasing use of carbon fiber
in manufacturing pressure vessels drives the growth of the pressure vessel
composite materials market. The rising demand for pressure vessel composite
materials from various end-use industries contributes to the growth of the
pressure vessel composite materials market. The rising industrialization and
growing demand for electricity stimulate the growth of the pressure vessel
composite materials market. The rising investments by key market players for renewable
energy promote demand for power supply contributing to the growth of the
pressure vessel composite materials market. In addition, the superior
properties of composites materials compared to metal alloys boost the growth of
the pressure vessel composite materials market. On the flip side, the high cost
of carbon fiber and price fluctuations of crude oil hamper the growth of the
pressure vessel composite materials market. Moreover, research and development
create several opportunities for the growth of the pressure vessel composite
materials market.
Based on geography, the global
pressure vessel composite materials market is segmented into North America,
Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is
anticipated to hold a premium share in the global pressure vessel composite
materials market. China and India dominate the global pressure vessel composite
materials market due to the rising number of automobile manufacturers. Europe
is expected to grow in the pressure vessel composite materials market with a
healthy CAGR over the forecast period. North America is showing growth in the
global pressure vessel composite materials market.
The report on global pressure
vessel composite materials market covers segments such as material and end-use
industry. On the basis of material, the sub-markets include epoxy resin, glass
fiber, carbon fiber, and other materials. On the basis of the end-use industry, the
sub-markets include hydrogen vehicles, CNG vehicles, gas transport, and other
end-use industries.
The report provides profiles of
the companies in the market such as 3M Company, Hexion Inc., Olin Corporation,
Doosan Infracore Co., Ltd., Nippon Steel and Sumitomo Metal Corp., Alloy
Products Corp., Pentair plc, Air Products and Chemicals, Inc., Huntsman International
LLC, Nan Ya Plastics Corp., and other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the market
using analytical tools such as Porter's five forces analysis and DRO analysis
of pressure vessel composite materials market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.