Pressure Vessel Composite Materials Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

Pressure Vessel Composite Materials Market size is forecast to reach $1,602.28 million by 2027, after growing at a CAGR of 24% during 2021-2027.

Pressure vessel composites are used in pressure vessels used to store gases and liquids at high pressure. Composite materials are combinations of materials that vary in composition or shape on a macroscopic scale. These substances do not dissolve or do not completely mix with each other. Composite materials help to increase efficiency and can save a lot of material. Therefore, most of them are required in various industries such as oil refining, nuclear reactors, automobiles, gas storage, aerospace, etc.

Market Segments

By Material

• Epoxy Resin
• Glass Fiber
• Carbon Fiber

By End Use Industry

• CNG VEHICLES
• HYDROGEN VEHICLES
• GAS STORAGE

Key Players

• SAMUEL CNG PRESSURE VESSEL GROUP
• DOOSAN HEAVY INDUSTRIES & CONSTRUCTION
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• BHARAT HEAVY ELECTRICALS LIMITED
• LARSEN & TOUBRO LIMITED
• WESTINGHOUSE ELECTRIC COMPANY LLC

Scope of the Report

The research study analyzes the global Pressure Vessel Composite Materials industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Pressure Vessel Composite Materials Market Report

1. What was the Pressure Vessel Composite Materials Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Pressure Vessel Composite Materials Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Pressure Vessel Composite Materials Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.