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Pressure Vessel Composite Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview: 

The global pressure vessel composite materials market size reached US$ 428.15 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 594.06 Million by 2027, exhibiting a growth rate (CAGR) of 5.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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 2022-2027. 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.).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Material, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global pressure vessel composite materials market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global pressure vessel composite materials market?
  • What are the key regional markets?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global pressure vessel composite materials market and who are the key players?
  • What is the degree of competition in the industry?

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
    9.2    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
    9.3    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
    9.4    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
    9.5    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

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$), 2016-2021
Figure 3: Global: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Pressure Vessel Composite Materials Market: Breakup by Material (in %), 2021
Figure 5: Global: Pressure Vessel Composite Materials Market: Breakup by Application (in %), 2021
Figure 6: Global: Pressure Vessel Composite Materials Market: Breakup by End User (in %), 2021
Figure 7: Global: Pressure Vessel Composite Materials Market: Breakup by Region (in %), 2021
Figure 8: Global: Pressure Vessel Composite Materials (Epoxy Resin) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Pressure Vessel Composite Materials (Epoxy Resin) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Pressure Vessel Composite Materials (Glass Fiber) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Pressure Vessel Composite Materials (Glass Fiber) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Pressure Vessel Composite Materials (Carbon Fiber) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Pressure Vessel Composite Materials (Carbon Fiber) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Pressure Vessel Composite Materials (CNG Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Pressure Vessel Composite Materials (CNG Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Pressure Vessel Composite Materials (Hydrogen Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Pressure Vessel Composite Materials (Hydrogen Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Pressure Vessel Composite Materials (Gas Storage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Pressure Vessel Composite Materials (Gas Storage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Pressure Vessel Composite Materials (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Pressure Vessel Composite Materials (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Pressure Vessel Composite Materials (Aircraft and Military) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Pressure Vessel Composite Materials (Aircraft and Military) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Pressure Vessel Composite Materials (Aerospace) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Pressure Vessel Composite Materials (Aerospace) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Pressure Vessel Composite Materials (Marine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Pressure Vessel Composite Materials (Marine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Pressure Vessel Composite Materials (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Pressure Vessel Composite Materials (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Pressure Vessel Composite Materials Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Pressure Vessel Composite Materials Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Pressure Vessel Composite Materials Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 3: Global: Pressure Vessel Composite Materials Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Pressure Vessel Composite Materials Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Pressure Vessel Composite Materials Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Pressure Vessel Composite Materials Market: Competitive Structure
Table 7: Global: Pressure Vessel Composite Materials Market: Key Players


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