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The future of global composite cylinder market looks promising with opportunities in gas carriers & storage, transportation, life support, and recreation industries. The global composite cylinder market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $0.8 billion by 2025 with a CAGR of 1% to 3% from 2020 to 2025. The major drivers for market growth are increasing number of natural gas vehicles (NGVs) and growing demand for lightweight cylinders with higher pressure requirement and greater gas carrying capacity per cylinder.  

Emerging trends which have a direct impact on the dynamics of the industry include the increase in green fleet and development of type V tanks. 
 

A total of 60 figures / charts and 51 tables are provided in this 136-page report to help in your business decisions.  Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of composite cylinder market report, download the report brochure. 
 
Composite Cylinder Market End Use Industry, Tank, and Fiber
Global composite cylinder opportunities have evolved through number of stages as presented in figure below:
 
Evolution of Composite Cylinder Technologies

Evolution of Composite Cylinder Technologies

In this market, transportation is the largest end use industry of global composite cylinder, whereas type III is largest in tank type. Growth in various segments of the composite cylinder market are given below:
 
Composite Cylinder Market by Segments
Composite Cylinder Market by Segments
 
 
The study includes a forecast for the global composite cylinder market by end use industry, tank type, region, and composite consumption by fiber type as follows:
 
Composite cylinder market byend use Industry [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]: 
  • Gas Carriers and Storage
  • Transportation
  • Life Support
  • Recreation and Others
Composite cylinder market by tank type [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
  • Type II
  • Type III
  • Type IV
Composite consumption by fiber type [Volume (Million lbs) and Value ($ Million) from 2014 to 2025]:
  • Glass Fiber Composites
  • Carbon Fiber Composites
  • Aramid Fiber Composites
Composite cylinder market by region [Volume (Thousand Units) and Value ($ Million) from 2014 to 2025]:
  • North America 
  • Europe
  • Rest of the World
Composite cylinder companies profiled in this market report include Luxfer Gas Cylinder, Hexagon Composites ASA, Quantum Technologies, Worthington Cylinders, Time Technoplast, Faber Industries S.p.A., Beijing Tianhai Industry Co., and Ullit are among the major suppliers of composite cylinder. 
 
On the basis of comprehensive research, Lucintel forecasts that the gas carriers & storage and transportation segments are expected to show above average growth during the forecast period. 
 
Within the global composite cylinder market, the transportation segment is expected to remain the largest market by value. Expected growth in the alternative fuel vehicles and increasing requirement of weight reduction with higher gas carrying capacity are the major driving forces that spur growth for this segment over the forecast period. 

Europe is expected to remain the largest market for composite cylinder due to the higher acceptance level and increasing use of lightweight cylinders. 
 
Some of the features of “Growth Opportunities in the Global Composite Cylinder Market 2020-2025: Trends, Forecast, and Opportunity Analysis” include:
  • Market size estimates: Global composite cylinder market size estimation in terms of value ($M) and volume (Thousand Units) shipment.
  • Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by segments and region.
  • Segmentation analysis: Global composite cylinder market size by various applications such as end use industry, tank,and composite consumption in terms of value and volume shipment
  • Growth opportunities: Analysis on growth opportunities in different applications.
  • Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of composite cylinder in the global composite cylinder market suppliers. 
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report addresses the following 11 questions:
 
Q.1. What are some of the most promising, high-growth opportunities for global composite cylinder market by end use industry (gas carriers and storage, transportation, life support, recreation and others), tank type (Type II, Type III, Type IV), composite consumption by fiber type (Glass Fiber Composites, Carbon Fiber Composites and Aramid Fiber Composites), and region (North America, Europe, and the Rest of the World (ROW)? 
Q.2. Which products segments will grow at a faster pace and why? 
Q.3. Which region will grow at a faster pace and why? 
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in composite cylinder market? 
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are emerging trends in this market and the reasons behind them? 
Q.7. What are some of the changing demands of customers in composite cylinder market? 
Q.8. What are the new developments in the market and which companies are leading these developments? 
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth? 
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11.  What M&A activity has occurred in the last 5 years? 

Report Scope
Key Features Description
Base Year for Estimation 2019
Trend Period
(Actual Estimates)		 2014-2019
Forecast Period 2020-2025
Pages 136
Market Representation / Units Revenue in US $ Billion and Volume in Million Units
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments By end use industry (gas carriers and storage, transportation, life support, recreation and others), By tank type (Type II, Type III, Type IV), and composite consumption by fiber type (Glass Fiber Composites, Carbon Fiber Composites and Aramid Fiber Composites)
Regional Scope North America, Europe, Asia Pacific, and RoW
Customization 10% Customization Without any Additional Cost
 
 
Table of Contents
1. Executive Summary
 
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2014 to 2025
3.1: Macroeconomic Trends and Forecast
3.2: Global Composite Cylinder Market Trends and Forecast
3.3: Global Composite Cylinder Market by End Use Industry
3.3.1: Gas Carriers and Storage
3.3.2: Transportation
3.3.3: Life Support
3.3.4: Recreation and Other
3.4: Global Composite Cylinder Market by Tank Type
3.4.1: Type II
3.4.2: Type III
3.4.3: Type IV
3.5: Composite Consumption in the Global Composite Cylinder Market by Fiber Type
3.5.1: Glass Fiber Composites
3.5.2: Carbon Fiber Composites
3.5.3: Aramid Fiber Composites
 
4. Market Trends and Forecast Analysis by Region
4.1: Global Composite Cylinder Market by Region
4.2: North American Composite Cylinder Market
4.3: European Composite Cylinder Market
4.4: Rest of the World Composite Cylinder Market
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Composite Cylinder Market by End Use Industry
6.1.2: Growth Opportunities for the Global Composite Cylinder Market by Tank Type
6.1.3: Growth Opportunities for the Composite Consumption in the Global Composite Cylinder Market by Fiber Type
6.1.4: Growth Opportunities for the Global Composite Cylinder Market by Region
6.2: Emerging Trends in the Global Composite Cylinder Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Composite Cylinder Market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Composite Cylinder Market
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: Luxfer Gas Cylinder
7.2: Hexagon Composites ASA
7.3: Quantum Technologies
7.4: Worthington Cylinders
7.5: Drägerwerk AG & Co. KGaA
7.6: Time Technoplast
7.7: Faber Industrie S.p.A.
7.8: Beijing Tianhai Industry Co.
7.9: Ullit
 
List of Figures
 
Chapter 2. Market Background and Classifications
Figure 2.1: Schematic Representation of the Wet Filament Winding Process
Figure 2.2: Filament Winding Process for Manufacturing CNG Cylinders 
Figure 2.3: Supply Chain of Global Composite Cylinder Market
Figure 2.4: Drivers and Challenges of Global Composite Cylinder Market
 
Chapter 3. Market Trends and Forecast Analysis from 2014 to 2025
Figure 3.1: Trends of the Global GDP Growth Rate 
Figure 3.2: Trends of the Regional GDP Growth Rate
Figure 3.3: Global Natural Gas Vehicle (Million Units- Cumulative) Trends (2014-2019)
Figure 3.4: Trends of Price for Gasoline, Natural Gas and Crude Oil in US (2014-2019) 
Figure 3.5: Forecast for the Global GDP Growth Rate 
Figure 3.6: Global Natural Gas Vehicle (Million Unit- Cumulative) Forecast (2020- 2025)
Figure 3.7: Price Forecast for Natural Gas vs Crude Oil (2020-2025)
Figure 3.8: Trends and Forecast for the Global Composite Cylinder Market (2014-2025)
Figure 3.9: Trends of the Global Composite Cylinder Market ($M) by End Use Industry (2014-2019)
Figure 3.10: Forecast for the Global Composite Cylinder Market ($M) by End Use Industry (2020-2025)
Figure 3.11: Trends of the Global Composite Cylinder Market (Thousand Units) by End Use Industry (2014-2019)
Figure 3.12: Forecast for the Global Composite Cylinder Market (Thousand Units) by End Use Industry (2020-2025)
Figure 3.13: Trends and Forecast for Gas Carriers and Storage End Use Industry in the Global Composite Cylinder Market (2014-2025)
Figure 3.14: Trends and Forecast for Transportation End Use Industry in the Global Composite Cylinder Market (2014-2025)
Figure 3.15: Trends and Forecast for Life Support End Use Industry in the Global Composite Cylinder Market (2014-2025)
Figure 3.16: Trends and Forecast for Recreation and Others End Use Industry in the Global Composite Cylinder Market (2014-2025)
Figure 3.17: Trends of the Global Composite Cylinder Market ($M) by Tank Type (2014-2019)
Figure 3.18: Forecast for the Global Composite Cylinder Market ($M) by Tank Type (2020 -2025)
Figure 3.19: Trends of the Global Composite Cylinder Market (Thousand Units) by Tank Type (2014-2019)
Figure 3.20: Forecast for the Global Composite Cylinder Market (Thousand Units) by Tank Type (2020- 2025)
Figure 3.21: Trends and Forecast for Type II Tank Type in the Global Composite Cylinder Market (2014-2025)
Figure 3.22: Trends and Forecast for Type III Tank Type in the Global Composite Cylinder Market (2014-2025)
Figure 3.23: Trends and Forecast for Type IV Cylinders in the Global Composite Cylinder Market (2014-2025)
Figure 3.24: Trends of the Composite Consumption in the Global Composite Cylinder Market ($M) by Fiber Type (2014-2019)
Figure 3.25: Forecast for the Composite Consumption in the Global Composite Cylinder Market ($M) by Fiber Type (2020 -2025)
Figure 3.26: Trends of the Composite Consumption in the Global Composite Cylinder Market (M lbs) by Fiber Type (2014-2019)
Figure 3.27: Forecast for the Composite Consumption in the Global Composite Cylinder Market (M lbs) by Fiber Type (2020- 2025)
Figure 3.28: Trends and Forecast for Glass Fiber Composite Consumption in the Global Composite Cylinder Market (2014-2025)
Figure 3.29: Trends and Forecast for Carbon Fiber Composite Consumption in the Global Composite Cylinder Market (2014-2025)
Figure 3.30: Trends and Forecast for Aramid Fiber Composite Consumption in the Global Composite Cylinder Market (2014-2025)
 
Chapter 4. Market Trends and Forecast Analysis by Region
Figure 4.1: Trends of the Global Composite Cylinder Market ($M) by Region (2014-2019)
Figure 4.2: Forecast for the Global Composite Cylinder Market ($M) by Region (2020-2025)
Figure 4.3: Trends of the Global Composite Cylinder Market (Thousand Units) by Region (2014-2019)
Figure 4.4: Forecast for the Global Composite Cylinder Market (Thousand Units) by Region (2020-2025)
Figure 4.5: Trends and Forecast of the North American Composite Cylinder Market (2014-2025)
Figure 4.6: Trends and Forecast of the European Composite Cylinder Market (2014-2025)
Figure 4.7: Trends and Forecast of the Rest of the World Composite Cylinder Market (2014-2025)
 
Chapter 5. Competitor Analysis
Figure 5.1: Market Share Analysis for the Global Composite Cylinder Market ($ Million) in 2019
Figure 5.2: Market Share of the Top Five Players of the Global Composite Cylinder Market ($ Million) in 2019
Figure 5.3: Headquarter Locations of Key Manufacturers of the Composite Cylinder Market
Figure 5.4: Porter’s Five Forces Model for Global Composite Cylinder Market
 
Chapter 6. Growth Opportunities and Strategic Analysis
Figure 6.1: Growth Opportunity for the Global Composite Cylinder Market by End Use Industry (2020-2025)
Figure 6.2: Growth Opportunity for the Global Composite Cylinder Market by Type of Cylinder (2020- 2025)
Figure 6.3: Growth Opportunities for the Composite Consumption of the Global Composite Cylinder Market by Fiber Type (2020-2025)
Figure 6.4: Growth Opportunity for the Global Composite Cylinder Market by Region (2020-2025)
Figure 6.5: Emerging Trends in the Global Composite Cylinder Market
Figure 6.6: Coradia iLint
 
Chapter 7. Company Profiles of Leading Players
Figure 7.1: Major Plant Locations of Luxfer Gas Cylinders
Figure 7.2: Major Plant Locations of Hexagon Composites ASA
Figure 7.3: Headquarter Location of Quantum Technologies 
Figure 7.4: Major Plant Locations of Worthington Cylinders
Figure 7.5: Headquarter Location of Drägerwerk AG & Co. KGaA
Figure 7.6: Major Plant Locations of Time Technoplast
Figure 7.7: Headquarter Locations of Faber Industries S.p.A
Figure 7.8: Major Plant Locations of Beijing Tianhai Industry Co. Composite Cylinder Business
Figure 7.9: Major Plant Locations of Ullit Composite Cylinder Business
 
List of Tables
 
Chapter 1. Executive Summary
Table 1.1: Global Composite Cylinder Market Parameters and Attributes 
 
Chapter 3. Market Trends and Forecast Analysis from 2014 to 2025
Table 3.1: Market Trends of the Global Composite Cylinder Market (2014-2019)
Table 3.2: Market Trends of the Global Composite Cylinder Market (2020-2025)
Table 3.3: Market Size and CAGR of Various End Use Industries in the Global Composite Cylinder Market by Value (2014-2019) 
Table 3.4: Market Size and CAGR of Various End Use Industries in the Global Composite Cylinder Market by Value (2020-2025)
Table 3.5: Market Size and CAGR of Various End Use Industries in the Global Composite Cylinder Market by Volume (2014-2019) 
Table 3.6: Market Size and CAGR of Various End Use Industries in the Global Composite Cylinder Market by Volume (2020-2025)
Table 3.7: Market Trends of Gas Carriers and Storage in the Global Composite Cylinder Market (2014-2019)
Table 3.8: Market Forecast for Gas Carriers and Storage in the Global Composite Cylinder Market (2020-2025)
Table 3.9: Market Trends of Transportation in the Global Composite Cylinder Market (2014-2019)
Table 3.10: Market Forecast for Transportation in the Global Composite Cylinder Market (2020-2025)
Table 3.11: Market Trends of Life Support in the Global Composite Cylinder Market (2014-2019)
Table 3.12: Market Forecast for Life Support in the Global Composite Cylinder Market (2020-2025)
Table 3.13: Market Trends of Recreation and Others in the Global Composite Cylinder Market (2014-2019)
Table 3.14: Market Forecast for Life Support in the Global Composite Cylinder Market (2020-2025)
Table 3.15: Market Size and CAGR of Various Tank Types of the Global Composite Cylinder Market by Value (2014-2019)
Table 3.16: Market Size and CAGR of Various Tank Types of the Global Composite Cylinder Market by Value (2020-2025)
Table 3.17: Market Size and CAGR of Various Tank Types of the Global Composite Cylinder Market by Volume (2014-2019)
Table 3.18: Market Size and CAGR of Various Tank Types of the Global Composite Cylinder Market by Value (2020-2025)
Table 3.19: Market Trends of Type II Cylinders in the Global Composite Cylinders Market (2014-2019)
Table 3.20: Market Forecast for Type II Cylinders in the Global Composite Cylinder Market (2020-2025)
Table 3.21: Market Trends of Type III Cylinder in the Global Composite Cylinder Market (2014-2019)
Table 3.22: Market Forecast for Type III Cylinders in the Global Composite Cylinder Market (2020-2025)
Table 3.23: Market Trends of Type IV Cylinder in the Global Composite Cylinder Market (2014-2019)
Table 3.24: Market Forecast for Type IV Cylinders in the Global Composite Cylinder Market (2020-2025)
Table 3.25: Market Size and CAGR of Composite Consumption ($M) by Various Fiber Types in the Global Composite Cylinder Market (2014-2019)
Table 3.26: Market Size and CAGR of Composite Consumption ($M) by Various Fiber Types in the Global Composite Cylinder Market by Value (2020-2025)
Table 3.27: Market Size and CAGR of Composite Consumption (M lbs) by Various Fiber Types in the Global Composite Cylinder Market (2014-2019)
Table 3.28: Market Size and CAGR of Composite Consumption (Thousand Units) by Various Fiber Types in the Global Composite Cylinder Market by Value (2020-2025)
Table 3.29: Market Trends of Glass Fiber Composite Consumption in the Global Composite Cylinder Market (2014-2019)
Table 3.30: Market Forecast for Glass Fiber Composite Consumption in the Global Composite Cylinder Market (2020-2025)
Table 3.31: Market Trends of Carbon Fiber Composites in the Global Composite Cylinder Market (2014-2019)
Table 3.32: Market Forecast for Carbon Fiber Composites in the Global Composite Cylinder Market (2020-2025)