The global Pressure Vessel Composite Materials market was valued at US$ 1472 million in 2019 and it is expected to reach US$ 1964.5 million by the end of 2026, growing at a CAGR of 5.2% during 2021-2026.
Pressure vessel composite materials are used in manufacturing pressure vessels that are used to store gases and liquids under high pressure.
Pressure vessel composite materials are mainly used for LPG, reverse osmosis systems and hydrogen storage. A growing and likely huge, sustainable market for pressure vessels is the growing construction of seawater reverse osmosis (SWRO) desalination plants. SWRO depends on membrane systems that serially cleanse water piped onshore from the ocean. These membranes must be encased in membrane housings. Filament-wound fiberglass pressure vessels are used almost exclusively for this purpose today, in quantities of as many as 6,000 per desalination plant.
Linerless, all-composite pressure vessels, which fit the more recent and radical Type V classification and are best able to reduce mass in weight-sensitive applications, are the goal for a number of pressure vessel manufacturers. In the future, hydrogen energy will increasingly occupy more market share, and Type V pressure vessel will maintain rapid growth.
Global Pressure Vessel Composite Materials Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Pressure Vessel Composite Materials Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Hexagon Composites, Pentair, Protec Arisawa, Wave Cyber, Ropv, Jiangsu Pengyu, BEL Group, Aburi Composites, Applied Membranes, Steelhead Composites, Nproxx, Doosan and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Glass Fiber Reinforced Composite
- Carbon Fiber Reinforced Composite
Glass fiber‐reinforced composite materials are attractive because their properties can be tailored to meet the specific needs of a variety of applications.Carbon Fiber Reinforced Polymer Composites (CFRP) are lightweight,
Segment by Application
- Water Treatment
- Composite LPG Cylinders
- Gas Storage
Pressure vessel composite materials are mainly used for LPG, reverse osmosis systems and hydrogen storage. A growing and likely huge, sustainable market for pressure vessels is the growing construction of seawater reverse osmosis (SWRO) desalination plants.
Table of Content:
1 Pressure Vessel Composite Materials Market Overview
2 Pressure Vessel Composite Materials Market Competition by Manufacturers
3 Pressure Vessel Composite Materials Retrospective Market Scenario by Region
4 Global Pressure Vessel Composite Materials Historic Market Analysis by Type
5 Global Pressure Vessel Composite Materials Historic Market Analysis by Application
6 Key Companies Profiled
7 Pressure Vessel Composite Materials Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Pressure Vessel Composite Materials Market Dynamics
10 Global Pressure Vessel Composite Materials Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta