As per a Future Market Insights report, composite cylinders have emerged as a noteworthy substitute for traditional metal cylinders, offering remarkable lightweight characteristics due to their construction using plastic materials. This construction simplifies handling compared to conventional metal counterparts. The utilization of plastic and glass fiber materials in the manufacturing of composite cylinders, either partially or entirely, provides cooking gas suppliers and end users with a unique opportunity to leverage the advantageous physical properties of these materials. In the Asia-Pacific region, East Asia (APEJ) is poised to lead the composite cylinder market, driven by its extensive manufacturing industry, which demands lightweight and durable storage and transport solutions.
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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.
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.
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.
Key Segmentation
Composite cylinder market is segmented by material type, product type and by end use industry
Based on the material type
- Metal
- Steel
- Aluminum
- Carbon Fibers
- Glass Fibers
- High-density polyethylene (HDPE)
Based on the product type
Based on the end use
- Hotels & Restaurants
- Household Purpose
- Ballooning
- Gas Cutting
- Others
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