Title: Pressure Vessel Composite Materials Market - Forecast(2022 - 2027)
1Pressure Vessel Composite Materials Market -
Forecast(2022 - 2027)
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- Pressure Vessel Composite Materials Market size
is forecast to reach 1,602.28 million by 2025,
after growing at a CAGR of 24.65 during
2020-2025. - A pressure vessel is used as a compressed air
receiver and a domestic hot water storage tank in
various vehicles. - Due to the high strength-to-weight ratio, the
market for composites has increased in the
manufacture of pressure vessels.
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- Key Takeaways from this Report
- APAC dominates the Pressure Vessel Composite
Materials due to the increasing production of
Composite Pressure Vessel for use in automotive. - Increasing use pressure vessel composite material
due to its superior properties such as light
weight, corrosion resistance, high stiffness,
high strength, and longer life cycles compared to
other materials such as aluminum, steel, and
others, carbon fibers will anticipate boosting
the market in the forecast era.
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- By Distribution Channel- Segment Analysis
- CNG Vehicles held the largest share in the
Pressure Vessel Composite Materials Market in
2019. The outer shells of the pressure vessel are
made up of a conventional metal alloy which is
used to store fuel in a car, truck, or bus
equivalent to a gas tank for a combustion engine,
or for applications for bulk storage. Composite
CNG pressure vessel has much safer burst behavior
for passenger vehicles as opposed to metallic
CNG. The lining used for CNG pressure vessels is
made from HDPE, and carbon fibers are used to
wind the vessel filament and can be used in place
of gasoline, diesel fuel, and liquefied petroleum
gas (LPG).
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- Pressure Vessel Composite Materials Market
Industry Outlook - Samuel Pressure Vessel Group
- Doosan Heavy Industries Construction
- Mitsubishi Heavy Industries, Ltd.
- Bharat Heavy Electricals Limited
- Larsen Toubro Limited
- Westinghouse Electric Company LLC
- Voith GmbH Co.
- Halvorsen
- IHI Corporation, and 3M
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Pressure Vessel Composite Materials Market -
Forecast(2022 - 2027) Learn More About the
Report _at_ https//www.industryarc.com/Research/P
ressure-Vessel-Composite-Materials-Market-Research
-501604
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- Data Tables
- Key Contacts
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