The global composite cylinder market is expected to reach $968 million by 2022

IRVING, Texas, March 17, 2017 /PRNewswire/ -- According to a new market report published by Lucintel, 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 reach an estimated $968 million by 2022 and it is forecast to grow at a CAGR of 7.2% from 2017 to 2022.

Browse 51 market data tables and 60 figures spread through 136 pages and in-depth TOC on "Global Composite Cylinder Market" 

In this market, gas carriers & storage, transportation, life support, and recreation & others are the major end use industries.

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Europe is expected to remain the largest market for composite cylinder due to the higher acceptance level and increasing use of lightweight cylinders.

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. 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 cylinders.

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 by end use industry [Volume (Thousand Units) and Value ($ Million) from 2011 to 2022]:

• Gas Carriers and Storage
• Transportation
• Life Support
• Recreation and Others

Composite cylinder market by tank type [Volume (Thousand Units) and Value ($ Million) from 2011 to 2022]:

• Type II
• Type III
• Type IV

Composite consumption by fiber type [Volume (Million lbs) and Value ($ Million) from 2011 to 2022]:

• Glass Fiber Composites
• Carbon Fiber Composites
• Aramid Fiber Composites

Composite cylinder market by region [Volume (Thousand Units) and Value ($ Million) from 2011 to 2022]:

• North America
• Europe
• Rest of the World

For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/global_composite_cylinder_market_17.aspx  or   [email protected]

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com

For more details contact:
Tushita Roy
Sr. Manager- Client Engagement,
Lucintel
Netherlands 
+31-682270883 
[email protected]

SOURCE Lucintel

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