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The Infinium Global Research analyzes the Pressure Vessel Composite Materials Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global pressure vessel composite materials market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of pressure vessel composite materials. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the pressure vessel composite materials market during the period.

Pressure vessels are chambers used to enclose gases or liquids at a pressure ambient different from the ambient pressure. It forms an integral part of the industrial infrastructure for the safe handling of gases and liquids. The report provides in-depth information about the pressure vessel composite materials market which is expected to grow at a CAGR of 22.1% over the forecast period of 2019-2025.

“We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report shall be Revised to 2020-2026.”  The Section on the Impact of COVID-19 on this Market is Included in the Report for Free. To Know More Request Sample of this Report: https://www.infiniumglobalresearch.com/reports/sample-request/17070

Increasing Demand for Pressure Vessel Composite Materials from Various End-Use Industries Drives the Growth of the Pressure Vessel Composite Materials Market

The increasing demand for pressure vessel composite materials from various end-use industries drives the growth of the pressure vessel composite materials market. The rising use of carbon fiber in manufacturing pressure vessels contributes to the growth of the pressure vessel composite materials market. Growing industrialization and rising demand for electricity propel the growth of the pressure vessel composite materials market. The increasing investments by key market players for renewable energy stimulate demand for power supply contributing to the growth of the pressure vessel composite materials market.

Furthermore, the superior properties of composites materials compared to metal alloys promote the growth of the pressure vessel composite materials market. On the other hand, the high cost of carbon fiber and price fluctuations of crude oil hinder the growth of the pressure vessel composite materials market. Moreover, research and developments create numerous opportunities for the growth of the pressure vessel composite materials market.

Pressure Vessel Composite Materials Market: Segmentation

The global pressure vessel composite materials market is segmented on the basis of the material and end-use industry. The material segment is divided into epoxy resin, glass fiber, carbon fiber, and other fibers. The end-use industry segment includes hydrogen vehicles, CNG vehicles, gas transport, and other end-use industries. CNG vehicles sub-segment is expected to dominate the end-use industry segment of pressure vessel composite materials market due to lower cost as compared to other vehicles.

Asia-Pacific Region is Expected to Hold a Dominant Share in the Global Pressure Vessel Composite Materials Market

Geographically, the global pressure vessel composite materials market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is expected to hold a dominant share in the global pressure vessel composite materials market. China and India dominate the global pressure vessel composite materials market owing to the increasing number of automobile manufacturers. Europe is anticipated to grow in the pressure vessel composite materials market with a healthy CAGR over the forecast period. North America is growing in the global pressure vessel composite materials market.

Pressure Vessel Composite Materials Market: Competitive Insights

The leading players in the global pressure vessel composite materials market are 3M Company, Hexion Inc., Olin Corporation, Doosan Infracore Co., Ltd., Nippon Steel and Sumitomo Metal Corp., Alloy Products Corp., Pentair plc, Air Products and Chemicals, Inc., Huntsman International LLC, Nan Ya Plastics Corp., and other companies. Companies operating in the global pressure vessel composite materials market are adopting strategies such as mergers, acquisitions, and new product launches that maximize their market share.

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Reasons to Buy this Report:

  • Comprehensive analysis of global as well as regional markets of the pressure vessel composite materials.
  • Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
  • Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
  • Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.