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PUBLISHER: IMARC | PRODUCT CODE: 1468310
PUBLISHER: IMARC | PRODUCT CODE: 1468310
Pressure Vessel Composite Materials Market Report by Material, Application, End User, and Region 2024-2032
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PAGES: 138 Pages
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The global pressure vessel composite materials market size reached US$ 478.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 721.3 Million by 2032, exhibiting a growth rate (CAGR) of 4.53% during 2024-2032.
Pressure vessels are containers made of composite materials, such as carbon fiber and epoxy resin, which are used to store liquid propane gas (LPG), compressed natural gas (CNG), renewable natural gas (RNG), and hydrogen gas (H2). They are lightweight and cost-effective while having a long shelf life compared to their steel-based counterparts. They offer a high strength-to-weight ratio, corrosion resistance, and can be customized to meet specific design requirements. They also provide high strength and durability to withstand harsh environmental conditions. As there is a rise in the utilization of hydrogen and compressed natural gas (CNG) vehicles, the demand for pressure vessel composite materials is rising worldwide.
Pressure Vessel Composite Materials Market Trends:
The growing awareness among the masses about environment-friendly and fuel-efficient transportation solutions around the world represents one of the key factors driving the market. Besides this, there is an increase in the demand for lightweight and high-performance pressure vessels in the aerospace industry. This, along with the growing demand for boilers in various energy generation procedures, is offering a positive market outlook. Moreover, the rising utilization of pressure vessels in the oil and gas industry to conduct physical and chemical processes under high temperatures and pressure is contributing to the growth of the market. In addition, the increasing employment of pressure vessels in the chemical industry to store and transport various chemicals is offering lucrative growth opportunities to industry investors. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce customized pressure vessels, which is positively influencing the market. Additionally, there is a rise in the adoption of supercritical power generation technologies across the globe. This, coupled with the burgeoning petrochemical industry, is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pressure vessel composite materials market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on material, application and end user.
Breakup by Material:
Epoxy Resin
Glass Fiber
Carbon Fiber
Breakup by Application:
CNG Vehicle
Hydrogen Vehicle
Gas Storage
Breakup by End User:
Automotive
Aircraft and Military
Aerospace
Marine
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Huntsman Corporation, IHI Corporation (Dai-ichi Life Insurance Company Limited), Larsen & Toubro Ltd, Nippon Steel Corporation, Olin Corporation, Pentair plc, Solvay S.A., Steelhead Composites Inc. and ZOLTEK Corporation (Toray Industries Inc.).
Key Questions Answered in This Report
- 1. What was the size of the global pressure vessel composite materials market in 2023?
- 2. What is the expected growth rate of the global pressure vessel composite materials market during 2024-2032?
- 3. What are the key factors driving the global pressure vessel composite materials market?
- 4. What has been the impact of COVID-19 on the global pressure vessel composite materials market?
- 5. What is the breakup of the global pressure vessel composite materials market based on the material?
- 6. What is the breakup of the global pressure vessel composite materials market based on the application?
- 7. What is the breakup of the global pressure vessel composite materials market based on end user?
- 8. What are the key regions in the global pressure vessel composite materials market?
- 9. Who are the key players/companies in the global pressure vessel composite materials market?
Product Code: SR112024A6346
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Pressure Vessel Composite Materials Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Material
- 6.1 Epoxy Resin
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Glass Fiber
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Carbon Fiber
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 CNG Vehicle
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Hydrogen Vehicle
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Gas Storage
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End User
- 8.1 Automotive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Aircraft and Military
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Aerospace
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Marine
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Huntsman Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 IHI Corporation (Dai-ichi Life Insurance Company Limited)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Larsen & Toubro Ltd
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Nippon Steel Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Olin Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Pentair plc
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Solvay S.A.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Steelhead Composites Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 ZOLTEK Corporation (Toray Industries Inc.)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 SWOT Analysis
- 14.3.1 Huntsman Corporation
Product Code: SR112024A6346
List of Figures
- Figure 1: Global: Pressure Vessel Composite Materials Market: Major Drivers and Challenges
- Figure 2: Global: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018-2023
- Figure 3: Global: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 4: Global: Pressure Vessel Composite Materials Market: Breakup by Material (in %), 2023
- Figure 5: Global: Pressure Vessel Composite Materials Market: Breakup by Application (in %), 2023
- Figure 6: Global: Pressure Vessel Composite Materials Market: Breakup by End User (in %), 2023
- Figure 7: Global: Pressure Vessel Composite Materials Market: Breakup by Region (in %), 2023
- Figure 8: Global: Pressure Vessel Composite Materials (Epoxy Resin) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Pressure Vessel Composite Materials (Epoxy Resin) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Pressure Vessel Composite Materials (Glass Fiber) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Pressure Vessel Composite Materials (Glass Fiber) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Pressure Vessel Composite Materials (Carbon Fiber) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Pressure Vessel Composite Materials (Carbon Fiber) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Pressure Vessel Composite Materials (CNG Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Pressure Vessel Composite Materials (CNG Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Pressure Vessel Composite Materials (Hydrogen Vehicle) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Pressure Vessel Composite Materials (Hydrogen Vehicle) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Pressure Vessel Composite Materials (Gas Storage) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Pressure Vessel Composite Materials (Gas Storage) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Pressure Vessel Composite Materials (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Pressure Vessel Composite Materials (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Pressure Vessel Composite Materials (Aircraft and Military) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Pressure Vessel Composite Materials (Aircraft and Military) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Pressure Vessel Composite Materials (Aerospace) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Pressure Vessel Composite Materials (Aerospace) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Pressure Vessel Composite Materials (Marine) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Pressure Vessel Composite Materials (Marine) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Pressure Vessel Composite Materials (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Pressure Vessel Composite Materials (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: North America: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: North America: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: United States: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: United States: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Canada: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Canada: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Asia-Pacific: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Asia-Pacific: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: China: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: China: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Japan: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Japan: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: India: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: India: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: South Korea: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: South Korea: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Australia: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Australia: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Indonesia: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Indonesia: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Others: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Others: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Europe: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Europe: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Germany: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Germany: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: France: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: France: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: United Kingdom: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: United Kingdom: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Italy: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Italy: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Spain: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Spain: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Russia: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Russia: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Others: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Others: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Latin America: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Latin America: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Brazil: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Brazil: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Mexico: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Mexico: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Others: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Others: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Middle East and Africa: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Middle East and Africa: Pressure Vessel Composite Materials Market: Breakup by Country (in %), 2023
- Figure 78: Middle East and Africa: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Global: Pressure Vessel Composite Materials Industry: SWOT Analysis
- Figure 80: Global: Pressure Vessel Composite Materials Industry: Value Chain Analysis
- Figure 81: Global: Pressure Vessel Composite Materials Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Pressure Vessel Composite Materials Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Pressure Vessel Composite Materials Market Forecast: Breakup by Material (in Million US$), 2024-2032
- Table 3: Global: Pressure Vessel Composite Materials Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Pressure Vessel Composite Materials Market Forecast: Breakup by End User (in Million US$), 2024-2032
- Table 5: Global: Pressure Vessel Composite Materials Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Pressure Vessel Composite Materials Market: Competitive Structure
- Table 7: Global: Pressure Vessel Composite Materials Market: Key Players
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