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990903

South America Pressure Vessel Composites Materials Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Material (Resin, Fiber, and Others) and End User (CNG Vehicles, Hydrogen Vehicles, Gas Transport, and Others)

Published: | The Insight Partners | 94 Pages | Delivery time: 1-2 business days

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South America Pressure Vessel Composites Materials Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Material (Resin, Fiber, and Others) and End User (CNG Vehicles, Hydrogen Vehicles, Gas Transport, and Others)
Published: February 12, 2021
The Insight Partners
Content info: 94 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

The pressure vessel composites materials market in SAM was valued at US$ 38.76 million in 2019 and is projected to reach US$ 162.84 million by 2027; it is expected to grow at a CAGR of 19.7% 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 and can deliver a large amount of material savings. Therefore, most of them are needed in various industries such as oil refineries, nuclear reactors, automobiles, gas repositories, and aerospace.

Based on material type, the SAM pressure vessel composites materials market is segmented into resin, fiber, and others. The resin segment led the market with the largest share in 2019. Resin or epoxy resin is widely used in the pressure vessel composites materials market to produce pressure vessels. For the class of vessels, plastic-lined composite tanks are anticipated to see the most accelerated growth in the next five years. Plastic-lined composite tanks are frequently used in mass transit buses and medium and heavy commercial vehicles, which drives the growth of the market.

By country, SAM pressure vessel composites materials market is segmented into Brazil, Argentina, and Rest of South America. Brazil held the largest share of the market in 2019. The continuous technological and industrial developments are driving the economic growth of Brazil and Argentina. Changing economic condition in South America, growing developments of new manufacturing industries, and increasing support from the government for rising industrial production offer lucrative opportunities for the pressure vessel composites materials market players across the region. Furthermore, the rapid development in the automotive and power and process industries is expected to propel the demand for pressure vessel composites materials during the forecast period.

The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of January 2021, Brazil has the highest number of COVID-19 cases in South America, followed by Argentina, Peru, Chile, and Ecuador. The government of South America has taken an array of actions to protect their citizens and contain the spread of the novel coronavirus. It is anticipated that the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes especially to China, Europe, and the US, which are important trade partners. Containment measures in several countries of South America would hamper economic activities in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.

3M Company, BASF SE, Huntsman International LLC., Olin Corporation, Solvay S.A., and ZOLTEK Corporation (Toray Group) are among the major players operating in the SAM pressure vessel composites materials market.

The overall SAM pressure vessel composites materials market size has been derived in accordance with both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the SAM pressure vessel composites materials market.

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Table Of Contents

1. Introduction

  • 1.1 Study Scope
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 Pressure Vessel Composite Materials Market, by Material
    • 1.3.2 Pressure Vessel Composite Materials Market, by End User
    • 1.3.3 Pressure Vessel Composite Materials Market, by Geography

2. Key Takeaways

3. Research Methodology

  • 3.1 Scope of the Study
  • 3.2 Research Methodology
    • 3.2.1 Data Collection:
    • 3.2.2 Primary Interviews:
    • 3.2.3 Hypothesis formulation:
    • 3.2.4 Macro-economic factor analysis:
    • 3.2.5 Developing base number:
    • 3.2.6 Data Triangulation:
    • 3.2.7 Country level data:

4. Pressure Vessel Composite Materials Market Landscape

  • 4.1 Market Overview
  • 4.2 SAM PEST Analysis
  • 4.3 Expert Opinion

5. Pressure Vessel Composite Materials Market - Key Market Dynamics

  • 5.1 Driver
    • 5.1.1 Increasing Natural Gas Vehicles
    • 5.1.2 Increasing Demand for Pressure Vessels from Various End-User Industries
  • 5.2 Restraint
    • 5.2.1 Storage Capacity of Composite Pressure Vessels
  • 5.3 Opportunity
    • 5.3.1 Increasing use of Pressure Vessel Composite Materials for Space Technology
  • 5.4 Future Trend
    • 5.4.1 Rising Demand for Epoxy Resins
  • 5.5 Impact Analysis Of Drivers And Restraints

6. Pressure Vessel Composite Materials - Global Market Analysis

  • 6.1 Pressure Vessel Composite Materials Market Overview
  • 6.2 Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
  • 6.3 Market Positioning - Global Market Players

7. Pressure Vessel Composite Materials Market Analysis - By Material

  • 7.1 Overview
  • 7.2 Pressure Vessel Composite Materials Market, By Material (2019 and 2027)
  • 7.3 Resin
    • 7.3.1 Overview
    • 7.3.2 Resin: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)
  • 7.4 Fiber
    • 7.4.1 Overview
    • 7.4.2 Fiber: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)
  • 7.5 Others
    • 7.5.1 Overview
    • 7.5.2 Others: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)

8. Pressure Vessel Composite Materials Market Analysis - By End-User

  • 8.1 Overview
  • 8.2 Pressure Vessel Composite Materials Market, By End-User (2019 and 2027)
  • 8.3 CNG Vehicles
    • 8.3.1 Overview
    • 8.3.2 CNG Vehicles: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)
  • 8.4 Hydrogen Vehicles
    • 8.4.1 Overview
    • 8.4.2 Hydrogen Vehicles: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)
  • 8.5 Gas Transport
    • 8.5.1 Overview
    • 8.5.2 Gas Transport: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)
  • 8.6 Others
    • 8.6.1 Overview
    • 8.6.2 Others: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)

9. Pressure Vessel Composite Materials Market - Geographic Analysis

  • 9.1 Overview
    • 9.1.1 SAM: Pressure Vessel Composite Materials Market, by Key Country
      • 9.1.1.1 Brazil: Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
        • 9.1.1.1.1 Brazil: Pressure Vessel Composite Materials Market, by Material
        • 9.1.1.1.2 Brazil: Pressure Vessel Composite Materials Market, by End User
      • 9.1.1.2 Argentina: Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
        • 9.1.1.2.1 Argentina: Pressure Vessel Composite Materials Market, by Material
        • 9.1.1.2.2 Argentina: Pressure Vessel Composite Materials Market, by End User
      • 9.1.1.3 Rest of SAM: Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
        • 9.1.1.3.1 Rest of SAM: Pressure Vessel Composite Materials Market, by Material
        • 9.1.1.3.2 Rest of SAM: Pressure Vessel Composite Materials Market, by End User

10. Impact of COVID-19 Pandemic on Global Pressure Vessel Composite Material Market

  • 10.1 Overview
  • 10.2 South America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

  • 11.1 Overview
  • 11.2 Merger and Acquisition
  • 11.3 Product News

12. Key Company Profiles

  • 12.1 3M COMPANY
    • 12.1.1 Key Facts
    • 12.1.2 Business Description
    • 12.1.3 Products and Services
    • 12.1.4 Financial Overview
    • 12.1.5 SWOT Analysis
  • 12.2 BASF SE
    • 12.2.1 Key Facts
    • 12.2.2 Business Description
    • 12.2.3 Products and Services
    • 12.2.4 Financial Overview
    • 12.2.5 SWOT Analysis
  • 12.3 HUNTSMAN INTERNATIONAL LLC.
    • 12.3.1 Key Facts
    • 12.3.2 Business Description
    • 12.3.3 Products and Services
    • 12.3.4 Financial Overview
    • 12.3.5 SWOT Analysis
    • 12.3.6 Key Developments
  • 12.4 OLIN CORPORATION
    • 12.4.1 Key Facts
    • 12.4.2 Business Description
    • 12.4.3 Products and Services
    • 12.4.4 Financial Overview
    • 12.4.5 SWOT Analysis
  • 12.5 SOLVAY S.A.
    • 12.5.1 Key Facts
    • 12.5.2 Business Description
    • 12.5.3 Products And Services
    • 12.5.4 Financial Overview
    • 12.5.5 Swot Analysis
  • 12.6 ZOLTEK CORPORATION (TORAY GROUP)
    • 12.6.1 Key Facts
    • 12.6.2 Business Description
    • 12.6.3 Products And Services
    • 12.6.4 Financial Overview
    • 12.6.5 Swot Analysis
    • 12.6.6 Key Developments

13. Appendix

  • 13.1 About The Insight Partners
  • 13.2 Glossary of Terms

List Of Tables

  • Table 1. Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
  • Table 2. Brazil Pressure Vessel Composite Materials Market, by Material - Revenue and Forecast to 2027 (US$ Million)
  • Table 3. Brazil Pressure Vessel Composite Materials Market, by End User - Revenue and Forecast to 2027 (US$ Million)
  • Table 4. Argentina Pressure Vessel Composite Materials Market, by Material - Revenue and Forecast to 2027 (US$ Million)
  • Table 5. Argentina Pressure Vessel Composite Materials Market, by End User - Revenue and Forecast to 2027 (US$ Million)
  • Table 6. Rest of SAM Pressure Vessel Composite Materials Market, by Material - Revenue and Forecast to 2027 (US$ Million)
  • Table 7. Rest of SAM Pressure Vessel Composite Materials Market, by End User - Revenue and Forecast to 2027 (US$ Million)
  • Table 8. Glossary of Terms, SAM Pressure Vessel Composite Materials Market

List Of Figures

  • Figure 1. Pressure Vessel Composite Materials Market Segmentation
  • Figure 2. Pressure Vessel Composite Materials Market Segmentation - By Geography
  • Figure 3. SAM Pressure Vessel Composite Materials Market Overview
  • Figure 4. CNG Vehicles Segment Held Largest Share of SAM Pressure Vessel Composite Materials Market
  • Figure 5. Brazil Held Largest Share of SAM Pressure Vessel Composite Materials Market
  • Figure 6. SAM Pressure Vessel Composite Materials Market, Industry Landscape
  • Figure 7. SAM: PEST Analysis
  • Figure 8. Expert Opinion
  • Figure 9. Pressure Vessel Composite Materials Market Impact Analysis Of Driver And Restraints
  • Figure 10. Geographic Overview of Pressure Vessel Composite Materials Market
  • Figure 11. SAM: Pressure Vessel Composite Materials Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 12. SAM: Pressure Vessel Composite Materials Market Revenue Share, by Material (2019 and 2027)
  • Figure 13. Resin: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)
  • Figure 14. Fiber: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)
  • Figure 15. Others: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)
  • Figure 16. SAM: Pressure Vessel Composite Materials Market Revenue Share, by End User (2019 and 2027)
  • Figure 17. CNG Vehicles: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)
  • Figure 18. Hydrogen Vehicles: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)
  • Figure 19. Gas Transport: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)
  • Figure 20. Others: Pressure Vessel Composite Materials Market - Revenue, and Forecast to 2027 (US$ Million)
  • Figure 21. SAM: Pressure Vessel Composite Materials Market Revenue Share, by Key Country (2019 and 2027)
  • Figure 22. Brazil: Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
  • Figure 23. Argentina: Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
  • Figure 24. Rest of SAM: Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
  • Figure 25. Impact of COVID-19 Pandemic in South America Country Markets