According to www.techsciresearch.com latest report- Global Composite Cylinders Market By Product Type (Type II, Type III & Type IV), By Outer Casing Material (High Density Polyethylene & Others), By End Use Industry (Hotels & Restaurants, Household Purpose & Others), By Region, Competition, Forecast & Opportunities, 2024. Report URL- https://www.techsciresearch.com/report/composite-cylinders-market/3966.html

1. MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
2014 – 2024
GLOBAL COMPOSITE CYLINDERS MARKET
FORECAST & OPPORTUNITIES

2. 2
Scope of Report
Product of Interest (POI): Composite Cylinders
Review Period
2014 – 2017
Base Year
2018
Estimated Year
2019
Forecast Period
2020 – 2024
Year Range
REGION
Global composite cylinders market stood at $ 601 million in 2018 and is projected to reach $ 921 million by
2024, exhibiting a CAGR of over 7% during 2019-2024, owing to increasing demand for explosion proof,
non-corrosive and lightweight LPG cylinders. A composite cylinder is a high-pressure vessel that is made
from composite-polymer material and placed in a plastic body. The technology for manufacturing a modern
composite cylinder is a complex and high-tech process, thus its cost is much higher than the cost of a metal
analogue. Increasing consumption of LPG in the developing countries is expected to boost the demand for
composite LPG cylinders during the next five years. Moreover, government push towards the usage of
composite cylinders is also anticipated to positively impact growth of composite cylinders market, globally.
Market Segmentation
OUTER CASING MATERIAL
• Carbon Fibers
• Glass Fibers
• High Density Polyethylene
• Others
END USE INDUSTRY
• Hotels & Restaurants
• Household Purpose
• Industrial Fuel
• Industrial Process
• Others
• Type II
• Type III
• Type IV
PRODUCT TYPE
• Asia-Pacific
• North America
• Europe
• south America
• Middle East & Africa

3. 3
Table of Contents
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factors considered while selecting a supplier
4.2. Product awareness and applicability & usage analysis
4.3. Challenges/issues faced post purchase
4.4. Unmet Needs
5. Global Composite Cylinders Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product Type (Type II; Type III; Type IV)
5.2.2. By Outer Casing Material (Carbon Fibers; Glass Fibers; High Density Polyethylene, Others)
5.2.3.
By End Use Industry (Hotels & Restaurants; Household Purpose; Industrial Fuel, Industrial Process,
Others)
5.2.4. By Region (Asia-Pacific; North America; Europe; South America; Middle East & Africa)
5.2.5. By Company (2018)
5.3. Market Attractiveness Index
6. Asia-Pacific Composite Cylinders Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value

4. 4
Table of Contents
S. No. Contents Page No.
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.2. By Outer Casing Material
6.2.3. By End Use Industry
6.2.4. By Country
6.3. Asia-Pacific: Country Analysis
6.3.1. China Composite Cylinders Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Product Type
6.3.1.2.2. By Outer Casing Material
6.3.1.2.3. By End Use Industry
6.3.2. Japan Composite Cylinders Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Product Type
6.3.2.2.2. By Outer Casing Material
6.3.2.2.3. By End Use Industry
6.3.3. India Composite Cylinders Market Outlook
6.3.3.1. Market Size & Forecast

5. 5
Table of Contents
S. No. Contents Page No.
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Product Type
6.3.3.2.2. By Outer Casing Material
6.3.3.2.3. By End Use Industry
6.3.4. South Korea Composite Cylinders Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Product Type
6.3.4.2.2. By Outer Casing Material
6.3.4.2.3. By End Use Industry
6.3.5. Thailand Composite Cylinders Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Product Type
6.3.5.2.2. By Outer Casing Material
6.3.5.2.3. By End Use Industry
6.3.6. Australia Composite Cylinders Market Outlook
6.3.6.1. Market Size & Forecast
6.3.6.1.1. By Value
6.3.6.2. Market Share & Forecast

6. 6
Table of Contents
S. No. Contents Page No.
6.3.6.2.1. By Product Type
6.3.6.2.2. By Outer Casing Material
6.3.6.2.3. By End Use Industry
6.3.7. Malaysia Composite Cylinders Market Outlook
6.3.7.1. Market Size & Forecast
6.3.7.1.1. By Value
6.3.7.2. Market Share & Forecast
6.3.7.2.1. By Product Type
6.3.7.2.2. By Outer Casing Material
6.3.7.2.3. By End Use Industry
7. Europe Composite Cylinders Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Outer Casing Material
7.2.3. By End Use Industry
7.2.4. By Country
7.3. Europe: Country Analysis
7.3.1. Russia Composite Cylinders Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast

7. 7
Table of Contents
S. No. Contents Page No.
7.3.1.2.1. By Product Type
7.3.1.2.2. By Outer Casing Material
7.3.1.2.3. By End Use Industry
7.3.2. France Composite Cylinders Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product Type
7.3.2.2.2. By Outer Casing Material
7.3.2.2.3. By End Use Industry
7.3.3. Germany Composite Cylinders Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product Type
7.3.3.2.2. By Outer Casing Material
7.3.3.2.3. By End Use Industry
7.3.4. Italy Composite Cylinders Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Product Type
7.3.4.2.2. By Outer Casing Material

8. 8
Table of Contents
S. No. Contents Page No.
7.3.4.2.3. By End Use Industry
7.3.5. United Kingdom Composite Cylinders Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Product Type
7.3.5.2.2. By Outer Casing Material
7.3.5.2.3. By End Use Industry
8. North America Composite Cylinders Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Outer Casing Material
8.2.3. By End Use Industry
8.2.4. By Country
8.3. North America: Country Analysis
8.3.1. United States Composite Cylinders Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product Type
8.3.1.2.2. By Outer Casing Material

9. 9
Table of Contents
S. No. Contents Page No.
8.3.1.2.3. By End Use Industry
8.3.2. Mexico Composite Cylinders Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product Type
8.3.2.2.2. By Outer Casing Material
8.3.2.2.3. By End Use Industry
8.3.3. Canada Composite Cylinders Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product Type
8.3.3.2.2. By Outer Casing Material
8.3.3.2.3. By End Use Industry
9. South America Composite Cylinders Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Outer Casing Material
9.2.3. By End Use Industry
9.2.4. By Country

10. 10
Table of Contents
S. No. Contents Page No.
9.3. South America: Country Analysis
9.3.1. Brazil Composite Cylinders Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product Type
9.3.1.2.2. By Outer Casing Material
9.3.1.2.3. By End Use Industry
9.3.2. Argentina Composite Cylinders Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1 By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product Type
9.3.2.2.2. By Outer Casing Material
9.3.2.2.3. By End Use Industry
9.3.3. Colombia Composite Cylinders Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product Type
9.3.3.2.2. By Outer Casing Material
9.3.3.2.3. By End Use Industry
10. Middle East & Africa Composite Cylinders Market Outlook

11. 11
Table of Contents
S. No. Contents Page No.
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. By Outer Casing Material
10.2.3. By End Use Industry
10.2.4. By Country
10.3. Middle East & Africa: Country Analysis
10.3.1. Saudi Arabia Composite Cylinders Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Product Type
10.3.1.2.2. By Outer Casing Material
10.3.1.2.3. By End Use Industry
10.3.2. Iran Composite Cylinders Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Product Type
10.3.2.2.2. By Outer Casing Material
10.3.2.2.3. By End Use Industry
10.3.3. UAE Composite Cylinders Market Outlook

12. 12
Table of Contents
S. No. Contents Page No.
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Product Type
10.3.3.2.2. By Outer Casing Material
10.3.3.2.3. By End Use Industry
10.3.4. South Africa Power Rental Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1 By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Product Type
10.3.4.2.2. By Outer Casing Material
10.3.4.2.3. By End Use Industry
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends and Developments
13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles (Leading 10 Global Player)
13.2.1. Basic details

13. 13
Table of Contents
S. No. Contents Page No.
13.2.2. Financials (As Reported)
13.2.3 Supply Chain Analysis
13.2.4. Key market focus and geographical presence
13.2.5. Planned investments
13.2.6. Pricing of target products
13.2.7. Market positioning
13.3 Global Players Profiled (Leading 10 Global Player)
13.3.1. Luxfer Gas Cylinder
13.3.2. Hexagon Composites ASA
13.3.3. Dragerwerk
13.3.4. Worthington Cylinders
13.3.5. Faber Industries S.p.A.
13.3.6. Sinoma
13.3.7. Aburi Composites
13.3.8. Santek Equipments Pvt Ltd
13.3.9. Beijing Tianhai Industry Co.
13.3.10 Time Technoplast
14. Strategic Recommendations
15. About Us & Disclaimer

14. RESEARCHMETHODOLOGY

15. 15
Research Methodology
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
Data
Collection
Developing List
of Respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the global composite
cylinders market, overall
market size and segmental
market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the global composite
cylinders market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
 Recent Developments
 Market Changing
Aspects/Dynamics
 Government Policies
 Conclusion
 Market Participants
 Key Strengths
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Websites
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
 Associations, etc.
Secondary
Research
Primary Research

16. 16
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global composite cylinders market. The team
of this market, while considering the major influencing factors such as the rising demand for explosion proof, non-corrosive and
forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through
exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as composite cylinders
end use industries, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 composite cylinder companies, 100 – 120 end use industries, and 15 – 20 industry experts
composite cylinders market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique.
market size was averaged out, to arrive at the market size data during 2015-2019.

17. 17
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by product type, by outer casing material, by end use industry, by region and by company.
Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the
final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by product type, by outer casing material, by end use industry, by region and by company were calculated based on the responses received through primary surveys with
industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of composite cylinders market. The final shares were
calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global composite cylinders market, TechSci Research
used various forecast techniques such as:
 Moving Average
 Time Series Analysis
 Regression Analysis
 Econometric and Judgmental Analysis

18. 18
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during
short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market
including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
 Luxfer Gas Cylinder
 Hexagon Composites ASA
 Draegerwerk AG & Co KGaA
 Worthington Cylinders
 Faber Industries S.p.A.
 Sinoma
 Aburi Composites
 Santek Equipments Pvt Ltd
 Beijing Tianhai Industry Co.
 Time Technoplast
 World Bank
 TechSci Research Proprietary Database & Knowledge Repository
 Company Annual Reports
 Industry Magazines
 Industry Reports
 News Dailies
 Credible Paid Databases

19. 19
INDUSTRY BRIEF
According to TechSci Research report, “Global Composite Cylinders Market By Product Type, By Outer Casing Material, By End Use Industry,
By Region, Competition, Forecast & Opportunities, 2024”, global composite cylinders market is projected to surpass $ 921 million by 2024, backed
by growing demand for lightweight, non-corrosive and explosion proof cylinders. Moreover, increasing end user preference for composite cylinders due
to their ease of handling and partial visibility is expected to boost the market. The need for gas from a portable source is positively impacting growth of
global composite cylinders market. Furthermore, composite cylinders are available with colorful outer casing and barcode application, which helps
suppliers in handling and tracking cylinders more efficiently, thereby increasing the demand for composite cylinders all across the globe.
By product type, the market for type IV category captured the largest market share in 2018 and is expected to continue to account for majority of the
global market for composite cylinders during the forecast period, backed by the presence of most of the LPG cylinder manufacturing companies in this
category. Moreover, type IV composite cylinders provide higher burst pressure and maximum weight reduction than its counterparts. Asia-Pacific is the
largest market for composite cylinders, globally, on account of higher acceptance level and increasing use of lightweight cylinders in the region.
Regions like, South America and North America are expected to exhibit sluggish growth in the global market for composite cylinders.
“Demand for composite cylinders is growing, owing to rising demand for lightweight and easily portable alternatives, increasing number of natural gas
vehicles (NGVs) and growing demand for greater gas carrying capacity per cylinder, globally. Moreover, composite cylinders are manufactured by
using materials that are recyclable, thereby reducing the cost of manufacturing and maintenance. All these factors would offer lucrative growth
opportunities to global composite cylinder market players over the course of next five years.” said, Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.

20. 20
SAMPLE DATA - SNAPSHOT
Global Composite Cylinders Market Size, By Value (USD Million), 2014–2024F
5.00
6.00
7.00
8.00
9.00
10.00
11.00
12.00
13.00
14.00
15.00
2014 2018 2019E 2024F
By Value (USD Million)
CAGR By Value CAGR By Value
XX% YY%
Europe Composite Cylinders Market Share, By Product Type, By Value, 2014–2024F
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
34% 34% 34% 34% 34% 34% 34% 34% 34% 34% 34%
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
Type IV
Type III
Germany Composite Cylinders Market Share, By Outer Casing Material, By Value, 2014–2024F
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
Carbon Fibers Glass Fibers High Density Polyethylene Others

21. 21
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FORECAST & OPPORTUNITIES
2014 – 2024
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22. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in
number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality
analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global
company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,
accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it
considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible
for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the
subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this
document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior
approval of TechSci Research.
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