According to a report by Future Market Insights, composite cylinders have risen as a remarkable substitute for conventional metal cylinders. Their construction using plastic materials endows them with remarkable lightweight characteristics, simplifying handling compared to their metal counterparts. The incorporation of plastic and glass fiber materials, either partially or entirely, in the manufacturing of composite cylinders offers both cooking gas suppliers and end users a unique opportunity to harness the advantageous physical properties of these materials.

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.

In the Asia-Pacific, East Asia (APEJ) region is anticipated to take the lead during the forecast period. APEJ’s prominence in the composite cylinder market is attributed to its extensive manufacturing industry, which drives the demand for these lightweight and durable cylinders. The region’s manufacturing base underpins the need for efficient storage and transport solutions, making composite cylinders a preferred choice.

Following APEJ, North America is expected to be a significant player in the composite cylinder market. The region’s high per capita consumption of goods, coupled with the adoption of composite cylinders for various applications, contributes to its strong position in the market.

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The transportation sector is one of the biggest users of composite cylinders, as CNG and LPG are increasingly being used as alternative fuels for vehicles. Composite cylinders are also used in other applications such as medical oxygen cylinders, firefighting equipment, and breathing apparatus.

One of the biggest challenges facing the composite cylinder market is the high cost of production. The raw materials used in the production of composite cylinders are expensive, which results in a higher cost for the finished product. However, the benefits of composite cylinders, such as their lightweight design and durability, make them a cost-effective option in the long run.

Another challenge facing the composite cylinder market is the lack of standardization in regulations across different countries. This can result in different safety standards and testing requirements, which can make it difficult for companies to sell their products in different markets.

Composite Cylinder market: Market Dynamics

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 Cylinder market – Key Players:

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.

Composite Cylinder market: Market Segmentation

Composite cylinder market is segmented by material type, product type and by end use industry

Based on the material type, composite cylinder market is segmented into:

• Metal
• Steel
• Aluminum
• Carbon Fibers
• Glass Fibers
• High-density polyethylene (HDPE)

Based on the product type, composite cylinder market is segmented into:

• Type II
• Type III
• Type IV

Based on the end use, composite cylinder market is segmented into:

• Hotels & Restaurants
• Household Purpose
• Ballooning
• Gas Cutting
• Others