openPR Logo
Press release

Pressure Vessel Composite Materials Market to Garner US$ 3,539.95 million by 2027 | 21.4% CAGR - Global Analysis by The Insight Partners

05-24-2023 07:51 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

pressure vessel composite materials market

pressure vessel composite materials market

The pressure vessel composite materials market was valued at US$ 758.36 million in 2019 and is projected to reach US$ 3,539.95 million by 2027; it is expected to grow at a CAGR of 21.4% from 2020 to 2027. Pressure vessel composite materials are used in pressure vessels used to store gases and liquids under high pressure. A composite material is a combination of materials that vary in composition or shape on a macro scale. These materials do not dissolve or otherwise blend entirely into each other. Composite materials help boost efficiency of applications on which it is used and can deliver a large amount of material savings.

Get Sample Copy of Report at: https://www.theinsightpartners.com/sample/TIPRE00003577/?utm_source=OpenPR&utm_medium=10188

Major key players covered in this report

• 3M Company
• BASF SE
• Hexion Inc.
• Huntsman International LLC.
• Kolon Industries. Inc.
• Mitsubishi Chemical Corporation
• Olin Corporation
• Solvay S.A.
• Steelhead Composites, LLC.
• ZOLTEK Corporation (Toray Group

The chemicals industry is growing across the world due to the increasing consumption of goods such as fertilizers and other agrochemical products, coatings and adsorbents, LED lightings, plastics, and human-made fibers, and research laboratory chemicals. According to the International Council of Chemical Associations (ICCA), the chemical industry was valued at US$ 5.7 trillion in 2019, which was equivalent to a 7% share in the global GDP. Also, the petrochemical industry is receiving a huge demand from various construction projects worldwide.

Pressure vessels are designed to work by reaching the pressure level required to make an application function, such as holding air in a scuba tank. It can deliver pressure either directly by valves and release gauges or indirectly via heat transfer. Potential pressure levels ranges from 15 psi to 150,000 psi, while temperatures are usually above 400°C (750°F). A pressure tank can hold anywhere from 75 liters (20 gallons) to many thousand liters. Pressure vessels are used in different industries, but chemical, oil & gas, and energy industry are the main industries.

The COVID-19 outbreak was first reported in Wuhan (China) in December 2019. Lockdowns, travel bans, and business shutdown measures are restricting the supplies of chemicals and materials products, which is causing a significant loss for pressure vessels composite materials manufacturers.

Pressure Vessel Composite Materials Market- by Material

• Resin
• Fiber

Pressure Vessel Composite Materials Market- by End-User

• CNG Vehicles
• Hydrogen Vehicles
• Gas Transport

Interested in purchasing this Report? Click here @ https://www.theinsightpartners.com/buy/TIPRE00003577/?utm_source=OpenPR&utm_medium=10188

Contact Us:

If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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 to Garner US$ 3,539.95 million by 2027 | 21.4% CAGR - Global Analysis by The Insight Partners here

News-ID: 3064624 • Views:

More Releases from The Insight Partners

Medical Display Market to Register 7.3% CAGR Through 2031, Driven by Advancements in OLED and Diagnostic Imaging
Medical Display Market to Register 7.3% CAGR Through 2031, Driven by Advancement …
The Insight Partners has released its latest comprehensive market report titled "Medical Display Market - Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2025-2031." The report provides an in-depth analysis of the Medical Display Market, offering insights into market trends, growth drivers, segmentation, and emerging opportunities that are shaping the future of diagnostic and surgical imaging worldwide. Check valuable insights in the Medical Display Market report. You can easily get
Public Cloud Market Global Industry Analysis, Size, Investment Analysis, Trends, Growth, Development Factors, Future Scope, Challenges and 2031 Forecast Research Report
Public Cloud Market Global Industry Analysis, Size, Investment Analysis, Trends, …
The Public Cloud Market report provides a basic overview of the market including definitions, classifications, applications and industry chain structure. The Public Cloud Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status. Download Sample PDF @ https://www.theinsightpartners.com/sample/TIPTE100000170?utm_source=OpenPR&utm_medium=10881 Key Players Analysis: Salesforce.com IBM Corporation Microsoft Corporation VMWare Oracle Corporation Cisco Systems, Inc. Google, Inc. Eucalyptus The report covers key developments in the Public Cloud Market as organic and inorganic growth strategies. Various
Coated Nuts Market Growth Analysis: Innovation, Premiumization, and the Road Ahead
Coated Nuts Market Growth Analysis: Innovation, Premiumization, and the Road Ahe …
In recent years, coated nuts - i.e., nuts covered with sugar, chocolate, batter or flavour coatings - have evolved beyond simply being indulgent snacks. They now also tap into health-snacking, gourmet positioning and convenience trends. According to TIP, the Coated Nuts market is analysed across product type (sugar, chocolate, batter), nut type (almonds, cashews, peanuts, pecans, macadamia, others), distribution channels (hypermarkets/supermarkets, convenience stores, online) and geographies (North America, Europe, Asia-Pacific,
Mortar Systems Market: Growth Strategies, Key Segments & Leading Players
Mortar Systems Market: Growth Strategies, Key Segments & Leading Players
In an era of heightened geopolitical tension, shifting military doctrines and fast-changing technology, the Mortar Systems Market has emerged as a steady growth segment in the broader artillery and indirect-fire domain. According to The Insight Partners, the mortar systems market was valued at about US$ 2.30 billion in 2023, and is forecast to reach around US$ 3.54 billion by 2031, representing a CAGR of approximately 5.5% over 2023-2031. Let's unpack

All 5 Releases


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