FMI predicts that composite cylinder tanks are applied in a wide range of industries, including water filtration plants and the petrochemical sector. Polymer is repetition of monomers, to form a macromolecule. It is primarily used in the packaging of food, electronics, and medicines.
Polymer reduces spilling of food and extends its shelf life by acting as a barrier material in packaging. Being light weight, plastics save energy in transportation of wooden materials, electronics, and other products.
Plastics are also used in the manufacture of automotive parts, electronic gadgets, etc. They are durable and economical. Therefore, their usage is high in developing and developed countries.
A composite cylinder is a three-layer cylinder made up of a blow-molded HDPE inner liner, covered with composite layer of polymer-wrapped fiber glass and fitted with a HDPE outer jacket. Composite cylinders are used as an alternative to steel cylinders.
These are light weight, UV- protected, explosion proof, and non-corrosive. Additionally, composite cylinders are stain proof and indicate the level of gas in the cylinder, as it is translucent. Being lighter in weight, these cylinders can be easily transported. This helps lower the cost of transportation.
A report from Future Market Insights suggests that the composite cylinder has emerged are as a superb alternative for traditional metal cylinders. Composite cylinder being made of plastic material are extremely light and easy to handle in comparison with metal cylinders. The partial or full use of plastic in the manufacturing of Composite cylinder helps cooking gas suppliers and end users to leverage the physical properties of plastic & glass fiber material.
Composite cylinder has high resistance against corrosion and UV light hence qualifying it as a perfect solution for gas storage. The composite cylinder is also technologically advanced over traditional cylinders due to their explosion-proof technology. The truculent body of the Composite cylinder allows end users to keep a check on the level of gas inside the vessel while using and buying without the help of any measuring instrument.
Composite materials in particular have a significant capability of producing materials with intriguing mechanical properties, particularly in terms of specific rigidity, impact resistance, high durability, and energy dissipation capabilities. Fiber-reinforced composite tanks are an excellent illustration of the benefits that these composites may provide.
They are made of tough fibers combined with resin or plastic. Initially, composite containers were created for aeronautical uses. Such containers are now applied in a wide range of industries, including water filtration plants and the petrochemical sector.
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Composite cylinder has emerged are as a superb alternative for traditional metal cylinders. Composite cylinder being made of plastic material are extremely light and easy to handle in comparison with metal cylinders. The partial or full use of plastic in the manufacturing of Composite cylinder helps cooking gas suppliers and end users to leverage the physical properties of plastic & glass fiber material.
Composite cylinder has high resistance against corrosion and UV light hence qualifying it as a perfect solution for gas storage. The composite cylinder is also technologically advanced over traditional cylinders due to their explosion-proof technology. The truculent body of the Composite cylinder allows end users to keep a check on the level of gas inside the vessel while using and buying without the help of any measuring instrument.
For regular functioning, every business or operation relies heavily on energy obtained from fossil fuels and increased usage of composite cylinders for fulfilling the energy needs are driving the growth in composite cylinders market. Preference of end users for composite cylinders due to its ease of handling and partial visibility is driving the demand in composite cylinder market.
Composite cylinders being explosion proof is another important factor supporting the growth is composite cylinders market. Apart from light weight and partial visibility composite cylinders are manufactured using recyclable materials which reduce its manufacturing and maintenance cost and thus benefitting the overall value chain by reducing cost operations for businesses and other entities.
Composite cylinders are also available with colorful outer casing and barcode application which can help suppliers in handling and tracking cylinders more efficiently. Some additional features available with composite cylinders such integrated chips for providing information regarding the life of the composite cylinder.
However, some end users may speculate the safety regarding the use of plastic for packaging of gas as the consumers are habitual for using steel cylinders which can limit the pace of growth in composite cylinder market. Introduction of gas pipe line has eliminated the need for cylinders hence hampering composite cylinder market significantly.
Over the forecast period despite all the speculations the use of composite cylinders is poised to increase in many end-use industries due to the need for gas from a portable source is pushing the consumption of composite cylinders across the globe.
Principal Consultant
Regionally global composite cylinder market is segmented into:
APEJ region is expected to lead the composite cylinder market over the forecast period owing to the large base of manufacturing industry. North America is expected to follow APEJ region in composite cylinder market as the region has high per capita consumption of goods.
Western Europe and Eastern Europe being the mature region are expected to grow moderately over the forecast period in composite cylinder market. MEA and Latin America are expected to exhibit sluggish growth in the composite cylinder market. Japan is expected to contribute significant value share in composite cylinder market.
Some major players of the composite cylinder market are Quantum Technologies, Worthington Cylinders, Hexagon Composites, LiteSafe Cylinder, Santek Equipments Pvt Ltd, Luxfer Gas Cylinders, Beijing Tianhai Industry Co., Aburi Composites, ALAMAN Gas Cylinders Manufacturing LLC, Time Technoplast, Faber Industries S.p.A., Shijiazhuang Yunhong Trade Co., Ltd. and Shanghai Qiaoyu Industrial Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Composite cylinder market is segmented by material type, product type and by end use industry-
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Material Type 6.2. Product Type 6.3. End Use 7. Global Market Analysis and Forecast, By Material Type 7.1. Metal 7.2. Steel 7.3. Aluminum 7.4. Carbon Fibers 7.5. Glass Fibers 7.6. High-density polyethylene (HDPE) 8. Global Market Analysis and Forecast, By Product Type 8.1. Type II 8.2. Type III 8.3. Type IV 9. Global Market Analysis and Forecast, By End Use 9.1. Hotels & Restaurants 9.2. Household Purpose 9.3. Ballooning 9.4. Gas Cutting 9.5. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. Asia-Pacific 10.6. Japan 10.7. The Middle East and Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Asia-Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. Japan Sales Analysis and Forecast, by Key Segments and Countries 17. The Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Material Type, Product Type, and End Use for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Quantum Technologies 20.2. Worthington Cylinders 20.3. Hexagon Composites 20.4. LiteSafe Cylinder 20.5. Santek Equipments Pvt Ltd 20.6. Luxfer Gas Cylinders 20.7. Beijing Tianhai Industry Co. 20.8. Aburi Composites 20.9. ALAMAN Gas Cylinders Manufacturing LLC 20.10. Time Technoplast 20.11. Faber Industries S.p.A. 20.12. Shijiazhuang Yunhong Trade Co., Ltd. 20.13. Shanghai Qiaoyu Industrial Co., Ltd.
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Composite Cylinder Market
