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Global and India Composite Cylinders Market Size, Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Global and India Composite Cylinders Market SizeThe global Composite Cylinders revenue was US$ 649 million in 2022 and is forecast to a readjusted size of US$ 828.1 million by 2029 with a CAGR of 3.5% during the forecast period (2023-2029).
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Report Scope
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.
In India, the Composite Cylinders revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).
Europe is the largest Composite Cylinders market with about 48% market share. United States is follower, accounting for about 19% market share.The key manufacturers are Luxfer Gas Cylinder, Hexagon Composites, Sinoma, Aburi Composites, Faber Industrie, Worthington Cylinders, Dragerwerk, Santek, Time Technoplast, Rubis Caribbean, Ullit, Beijing Tianhai Industry etc. Top 3 companies occupied about 35% market share.
This report focuses on global and India Composite Cylinders market, also covers the segmentation data of other regions in regional level and county level.
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Segment by Type
• Glass Fiber Composites
• Carbon Fiber Composites
Segment by Application
• Gas Carriers and Storage
• Transportation
• Life Support
• Others
By Company
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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