Press release
Pressure Vessel Composite Materials Market in Asia-Pacific is likely to grow with a prominent CAGR up to 2023
Pressure Vessel Composite Materials Market
The hydrogen vehicle segment is projected to witness the highest growth rate during the forecast period, owing to the establishment of several chemical companies in the Middle East. At present, the count for hydrogen fuel vehicles globally is approximately 15,000, and the number is expected to rise in the coming decade due to their availability and renewable properties. In addition, these vehicles are more fuel efficient than diesel or other gas engine vehicles.
Download Sample Report: https://www.alliedmarketresearch.com/request-sample/2362
In 2016, the epoxy resin segment accounted for the highest market share in terms of volume in the global market, registering a significant CAGR of 16.6% during the forecast period. It enables improved impact-resistance, better dynamic-fatigue, and low-temperature performance of pressure vessels. In addition, epoxy offers high resistance to corrosion, provides high mechanical strength, and good adhesion to fabricate composites; thereby, boosting its high adoption in pressure vessels.
The other applications of pressure vessel are diving cylinders, distillation towers, recompression chambers, autoclaves, pressure reactors, nuclear reactor vessels, vessels in oil refineries & petrochemical plants, submarine & space ship habitats, hydraulic reservoirs, pneumatic reservoirs, storage vessels for LPG, fuel containers in automobiles, and others. The market for pressure vessel composite materials is driven by the increase in the number of natural gas vehicle (NGV) vehicles globally. In addition, low-cost natural gases are preferred in the Asia-Pacific and LAMEA regions, owing to increase in the average prices of fuels over the last one decade.
Asia-Pacific accounted for the highest market share in 2016, and is estimated to grow at a CAGR of 24.0%, owing to the presence of major automobile manufacturers in China. In addition, the demand from the natural gas vehicles is expected to drive the Asia-Pacific market.
The key players profiled in this report are Samuel Pressure Vessel Group, Doosan Heavy Industries & Construction, Mitsubishi Heavy Industries, Ltd., Bharat Heavy Electricals Limited, Larsen & Toubro Limited, Westinghouse Electric Company LLC., General Electric, Halvorsen, IHI Corporation, and Pressure Vessels (India).
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2362
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Pressure Vessel Composite Materials Market in Asia-Pacific is likely to grow with a prominent CAGR up to 2023 here
News-ID: 2306730 • Views: …
More Releases from Allied Market Research
Global Brushless DC Motor Market to Garner $72.24 Billion at 8.1% CAGR by 2030: …
Allied Market Research recently published a report, titled, "Brushless DC Motors Market by Rotor type (Inner Rotor, Outer Rotor), by Power range (0-750 W, 751 W- 3 KW, More Than 3 KW), by Speed (Less Than 500 RPM, 501 To 2000 RPM, 2001 To 10,000 RPM, More Than 10,000 RPM), by End user (Industrial Machinery, Automotive, Healthcare, HVAC Industry, Power tools, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030". As…
Global Brushless DC Motor Market to Garner $72.24 Billion at 8.1% CAGR by 2030: …
Allied Market Research recently published a report, titled, "Brushless DC Motors Market by Rotor type (Inner Rotor, Outer Rotor), by Power range (0-750 W, 751 W- 3 KW, More Than 3 KW), by Speed (Less Than 500 RPM, 501 To 2000 RPM, 2001 To 10,000 RPM, More Than 10,000 RPM), by End user (Industrial Machinery, Automotive, Healthcare, HVAC Industry, Power tools, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030". As…
Service Robotics Market to Reach $293.0 Billion, Globally, by 2032 at 24.3% CAGR …
Allied Market Research published a report, titled, "Service Robotics Market by Type (Professional Service Robotics, and Personal Service Robotics), and Application (Agriculture, Professional Cleaning, Inspection and Maintenance, Construction and Demolition, Transportation and Logistics, Medical, Search, Rescue, And Security, Hospitality, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.". According to the report, the global service robotics industry generated $21.0 billion in 2020, and is anticipated to generate $293.0 billion by…
Industrial Dust Collector Market to Reach $12.2 Billion by 2031 at 4.4% CAGR: Al …
Allied Market Research published a report, titled, "Industrial Dust Collector Market by Product Type (Dry Dust Collectors and Wet Scrubber Dust Collectors), Media Type (Woven and Non-woven) and End User (Pharmaceutical, Chemical Industry, Food & Beverage, Textile and Others) Global Opportunity Analysis and Industry Forecast, 2022-2031." According to the report, the global industrial dust collector industry was estimated at $7.9 billion in 2021, and is anticipated to hit $12.2 billion…
More Releases for Pressure
Benefits of Pressure Washing With Cen-Cal Pressure Pros
Fresno, CA - Over time, a property's exterior surfaces will collect debris, causing them to lose their visual appeal. This negative effect will become more and more noticeable over time, eventually causing property owners to seek out the best solution. In most cases, pressure washing [https://www.cencalpressurepros.com/pressure-washing-company-in-fresno-ca/] is the go-to answer to dirty exterior surfaces. Pressure washing uses high-pressure water to disturb and remove debris from these surfaces. This process has…
Ensuring Pressure Washing Safety With D4S Pressure Washing
Tampa, FL - Pressure washing [https://www.d4spressurewashing.com/pressure-washing-company-in-tampa-fl/] is an effective way of restoring a property's exterior surfaces. The process makes them cleaner, and as a result, more visually appealing. However, pressure washing does not come without its fair share of challenges. For instance, pressure washing uses highly pressurized water, and handling this force can cause significant harm or damage if the correct precautions are not taken. Learn what precautions to take…
How Midland Pressure Washing Conquers Pressure Washing Challenges
Leawood, KS - Pressure washing [https://www.midlandpressurewash.com/pressure-washing-company-in-leawood-ks/] does not go the exact same way every single time. In fact, this versatile process is used to clean a variety of different surfaces, and the precise details of pressure washing can be customized to match the job. With some knowledge of the demands of every surface that needs to be cleaned, residential and commercial property owners can harness the power of pressure washing…
Pressure Washing vs. Soft Washing With Riptide Pressure Washing
Wilmington, NC - The exterior surfaces of any property will become dirty over time. When this occurs, the owner of the property may become interested in cleaning them. However, the best way to accomplish this work may not be immediately clear. Should exterior surfaces be pressure washed, or soft washed? And what precisely is the difference between these two options? Riptide Pressure Washing [https://www.riptide-wash.com/] proudly provides pressure washing [https://www.riptide-wash.com/pressure-washing-company-in-wilmington-nc/] and…
DIY Pressure Washing Versus Professional Pressure Washing
West Hartford, CT - When a property's exterior surfaces become coated with dirt and debris, the property owner may decide the surfaces need to be pressure washed. At this point, the property owner has to make an important decision. Will they attempt to clean those exterior surfaces on their own? Or will they reach out to a professional business for the help they need? Both of these paths are valid…
Precision Under Pressure: Trends in Fluid Pressure Sensors
The Business Research Company recently released a comprehensive report on the Global Fluid Pressure Sensors Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, the fluid pressure…
