Press release
Global Composite Cylinders Market to Witness a Pronounce Growth During 2023
Composite Cylinder is a high pressure vessel that is made of a composite-polymer material and placed in a plastic body. The technology of manufacturing a modern composite cylinder is a very complex and high-tech process, so its cost is much higher than the cost of a metal analogue.
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Global Composite Cylinders Market: Forecast by Type / Application / Region
The global composite cylinders industry has a rather high concentration. The major manufacturers are concentrated in North America and Europe, such as Luxfer Gas Cylinder, Hexagon Composites, Aburi Composites, Faber Industrie and Worthington Cylinders. At present, Luxfer Gas Cylinder is the world leader, holding 17.76% revenue market share in 2017.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, composite cylinders consumption will show a trend of steady growth. In 2024 the consumption of composite cylinders is estimated to be 10327 K Un
According to this study, over the next five years the Composite Cylinders market will register a 3.9% CAGR in terms of revenue, the global market size will reach US$ 690 million by 2024, from US$ 570 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Composite Cylinders business, shared in Chapter 3.
Global Composite Cylinders Market: Key Players
Luxfer Gas Cylinder
Hexagon Composites
Sinoma
Aburi Composites
Faber Industrie
Worthington Cylinders
Dragerwerk
Santek
Time Technoplast
Rubis Caribbean
Ullit
Beijing Tianhai Industry
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Related Information:
United States Composite Cylinders Market Research Report 2018
Europe Composite Cylinders Market Research Report 2018
North America Composite Cylinders Market Research Report 2018
Asia-Pacific Composite Cylinders Market Research Report 2018
China Composite Cylinders Market Research Report 2018
EMEA Composite Cylinders Market Research Report 2018
Global Composite Cylinders Market Research Report 2018
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