Press release
Pressure Vessels Market will possibly to Surpass a Value of US$ 103500 Mn by 2025
The global Pressure Vessels market was 103900 million US$ in 2018 and is expected to 103500 million US$ by the end of 2025, growing at a CAGR of -0.1% between 2019 and 2025.
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In consumption market, North America are the mainly consumption regions due to the demand of downstream applications. In 2017, it occupied 32.8% of the global consumption volume in total.
Pressure vessels could be applied in many fields, such as petrochemical, oil & gas, coal chemical, nuclear power, non-ferrous metal and others. With the development of economy, the downstream application industries will need more pressure vessels. So, pressure vessel has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce good performance pressure vessels through improving manufacturing process.
The major raw materials of pressure vessels are steel, copper, aluminum, etc. Fluctuations in the price of the upstream product will impact on the production cost of pressure vessels, and then impact the price of pressure vessels.
This report studies the Pressure Vessels market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Pressure Vessels in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
CB&I
IHI Corporation
Mitsubishi Heavy Industries
Hitachi Zosen
Morimatsu
L&T
Doosan
KNM
SPVG
Mersen
JSW
Belleli
Neuenhauser Kompressorenbau
ATB
Springs Fabrication
Hanson
THVOW
LS Group
Sunpower Group
CIMC Enric
CFHI
AVIC Liming Jinxi
By the product type, the market is primarily split into
Titanium
Steel
Stainless Steel
Nickel Material
Zirconium
Other
By the end users/application, this report covers the following segments
Petrochemical
Oil & Gas
Coal Chemical
Nuclear Power
Non-ferrous Metal
Other
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