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CNG ISO Tank Container Market 2020 Global Market Key Players : Hexagon Composites, Luxfer Group, Everest Kanto Cylinders, Praxair Technologies, Quantum Technologies

02-26-2020 10:01 AM CET | Energy & Environment


Market Overview

Compressed natural gas (CNG) is a form of fossil fuel derivative stored at a high pressure in pressurised tanks or cylinders. As CNG is comparatively cleaner fuel and produces less harmful gases, it is used as a substitute for other fuels such as gasoline, diesel fuel and propane or LPG. For the purpose of intermodal transport of CNG by freight cargo, CNG ISO tank containers or intermodal container is used. These have a cylindrical structure with hemispherical ends reinforced with an external cuboidal frame for easy transportation and storage. The market report published on the global CNG ISO Tank Container market provides detailed information on the historical market trends and future growth prospects.

The design of CNG ISO tank containers makes them the best-suited structure in terms of safety and reliability to hold high-pressure fluids. ISO stands for 'International Organisation for Standardization', the regulatory authority which sets the specifications for containers. These consist of safety standards and high levels of inspection and product testing done to make sure they are suitable for the use of transporting cargo. With fuels, such as CNG being transported through multiple methods such as truck, rail, or ship, the fire hazards they possess are sought to be mitigated with the product reliability.

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With the total market value expected to reach US$59million by 2024, from an earlier valuation at US$55 million in 2019, the worldwide market for CNG ISO tank container is set to grow at a CAGR of roughly 1.5% over the forecast period. The report on the global CNG ISO tank container market provides an overview of the market, product scope, market opportunities, driving forces and risks. The strategic profile on each of the key players with the main business information, sales, revenue, price, gross profit margin and market share give an overview of the market competition.

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Hexagon Composites
Luxfer Group
Everest Kanto Cylinders
Praxair Technologies
Quantum Technologies
Faber Industrie

Market Segmentation

Using the breakdown data contained in the report, the market analysis done based on the market segmentation helps understand the CNG ISO tank container market structure. The segments of the market are demarcated mainly by the product type and the product application. Based on the product type, the market has been split into < 25 FT, 25-35 FT, and > 35 FT. These segments have been made based on the container size and capacity. The other segmentation would be based on the end-user or purpose of application and includes Vehicles Transportation among other modes of transportation. The analysis includes section on the sales channel, distributors, customers and other major factors that affect each of these segments.

Regional Overview

The breakdown data is also shown at the regional level, particularly on the consumption by regions along with their respective key countries. The CNG ISO tank container market report shares detailed information about the key factors influencing the growth of the market in these regions. The growth potential, market opportunities, drivers, and industry-specific challenges and risks have been studied for the regional markets in a comparative study. The geographical segmentation covers the following regions - North and South America (the United States, Canada, Mexico, Brazil), Europe (Germany, France, UK, Italy, Russia, Spain), Asia-Pacific (China, Japan, Korea, Southeast Asia, India, Australia), and Middle East and Africa (Egypt, South Africa, Israel, Turkey, GCC Countries).

Industry News

A leading global company in motion and control technologies, The Tube Fittings Division (TFD) of Parker Hannifin Corporation, has roped in Precision Fitting & Gauge (PF&G), a leading provider of support, including tube fabrication, equipment rental, and training for efficient CNG station infrastructure development, as a member in its Certified Compressed Natural Gas (CNG) Distributor Program.

Table of Contents

Global CNG ISO Tank Container Market Growth 2019-2024

1 Scope of the Report

2 Executive Summary

3 Global CNG ISO Tank Container by Manufacturers

4 CNG ISO Tank Container by Regions

5 Americas


7 Europe

8 Middle East & Africa

9 Market Drivers, Challenges and Trends

10 Marketing, Distributors and Customer

11 Global CNG ISO Tank Container Market Forecast

12 Key Players Analysis

13 Research Findings and Conclusion


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