Lucintel's latest market report analyzed that global composite cylinder provides attractive opportunities in gas carriers & storage, transportation, life support, and recreation industries. The global composite cylinder market is expected to reach $0.8 billion by 2025 with a CAGR of 0.7%. In this market, type III is the largest segment by tank type, whereas transportation is largest by end use industry. The increase in green fleet and development of type V tanks provides strategic growth path in this market.
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Based on tank type, the global composite cylinder market is segmented into type II, type III, type IV. The type III segment is accounted for the largest share of the market in 2020.
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51 – Tables
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The global composite cylinder market is marked by the presence of several big and small players. Some of the prominent players offering global composite cylinder include Luxfer Gas Cylinder, Hexagon Composites ASA, Quantum Technologies, Worthington Cylinders, Time Technoplast, Faber Industries S.p.A., Beijing Tianhai Industry Co., and Ullit.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
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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.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
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