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Asia Pacific Pressure Vessel Composite Materials Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type Material (Resin, Fiber, and Others) and End User (CNG Vehicles, Hydrogen Vehicles, Gas Transport, and Others)

Code: TIPRE00019177 | Pages: 113 | Industry: Chemicals and Materials | Date: Feb 2021
Covid

Market Introduction

Pressure vessel composite materials are used in pressure vessels used to store gases and liquids under high pressure. A composite material is a combination of materials that vary in composition or shape on a macro scale. These materials do not dissolve or otherwise blend entirely into each other. Composite materials help boost efficiency and can deliver a large amount of material savings. Therefore, most of them are needed in various industries such as oil refineries, nuclear reactors, automobiles, gas repositories, and aerospace.

Market Overview and Dynamics

The APAC pressure vessel composites market was valued at US$ 293.72 million in 2019 and is projected to reach US$ 1,433.68 million by 2027; it is expected to grow at a CAGR of 22.0 % from 2020 to 2027. Factors driving the market growth include increasing use of natural gas vehicles and increasing demand for pressure vessels from various end-user industries. However, storage capacity of composite pressure vessels to have a negative impact on the market growth.

Effect of covid-19 on APAC Pressure Vessel Composites Materials Market

The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of January 2021, India has the highest number of confirmed cases and reported deaths in APAC. The COVID-19 crisis is anticipated to cause a loss of more than US$ 3 billion in the region in coming years. The consequence and impact of the pandemic can be even worse and totally depends on the spread of the virus. The government of APAC is taking possible steps to reduce its effects by announcing lockdown, which impacts the revenue generated by the market negatively. The governments have asked the chemical & materials manufacturers to delay their production, which would hinder the supply of pressure vessel composite materials in the coming years.

Key Market Segments

The resin segment accounted for a largest share of the APAC pressure vessel composites materials market, by material, in 2019. The CNG vehicle segment accounted for a largest share of the APAC pressure vessel composites materials market, by end-user, in 2019.

Major Sources and Companies Listed

A few of the major primary and secondary sources referred to while preparing this report on the APAC pressure vessel composites materials market include 3M Company, BASF SE, Hexion Inc., Huntsman International LLC., Mitsubishi Chemical Corporation, Olin Corporation, Solvay S.A., Kolon Industries, Inc., and ZOLTEK Corporation (Toray Group).

Reasons to buy the report

  • To understand the APAC pressure vessel composites materials market landscape and identify market segments that are most likely to guarantee a strong return
  • To stay ahead by comprehending the ever-changing competitive landscape for the pressure vessel composites materials market
  • To efficiently plan M&A and partnership deals in the pressure vessel composites materials market by identifying market segments with most promising probable sales
  • To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the pressure vessel composites materials market
  • To obtain market revenue forecast for market by various segments from 2018 to 2027

APAC Pressure Vessel Composites Materials Market Segmentation

By Material

  • Resin
  • Fiber
  • Others

By End User

  • CNG Vehicles
  • Hydrogen Vehicles
  • Gas Transport
  • Others
  • Others

Company Profiles

  • 3M Company
  • BASF SE
  • Hexion Inc.
  • Huntsman International LLC.
  • Mitsubishi Chemical Corporation
  • Olin Corporation
  • Solvay S.A.
  • Kolon Industries, Inc.
  • ZOLTEK Corporation (Toray Group)

By Country

  • China
  • India
  • Australia
  • Japan
  • South Korea
  • Rest of APAC

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

1.3.1        APAC Pressure Vessel Composite Materials Market, by Material

1.3.2        APAC Pressure Vessel Composite Materials Market, by End User

1.3.3        APAC Pressure Vessel Composite Materials Market, by Geography

2.          Key Takeaways

3.          Research Methodology

3.1        Scope of the Study

3.2        Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.          Pressure Vessel Composite Materials Market Landscape

4.1        Market Overview

4.2        APAC PEST Analysis

4.2.1        APAC

4.3        Expert Opinion

5.          Pressure Vessel Composite Materials Market –  Key Market Dynamics

5.1        Driver

5.1.1        Increasing Natural Gas Vehicles

5.1.2        Increasing Demand for Pressure Vessels from Various End-User Industries

5.2        Restraint

5.2.1        Storage Capacity of Composite Pressure Vessels

5.3        Opportunity

5.3.1        Increasing use of Pressure Vessel Composite Materials for Space Technology

5.4        Future Trend

5.4.1        Rising Demand for Epoxy Resins

5.5        Impact Analysis Of Drivers And Restraints

6.          Pressure Vessel Composite Materials –Market Analysis

6.1        Pressure Vessel Composite Materials Market Overview

6.2        Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

6.3        Market Positioning – Global Market Players

7.          Pressure Vessel Composite Materials Market Analysis By Material

7.1        Overview

7.2        Pressure Vessel Composite Materials Market, By Material (2019 and 2027)

7.3        Resin

7.3.1        Overview

7.3.2        Resin: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

7.4        Fiber

7.4.1        Overview

7.4.2        Fiber: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

7.5        Others

7.5.1        Overview

7.5.2        Others: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

8.          Pressure Vessel Composite Materials Market Analysis By End-User

8.1        Overview

8.2        Pressure Vessel Composite Materials Market, By End-User (2019 and 2027)

8.3        CNG Vehicles

8.3.1        Overview

8.3.2        CNG Vehicles: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

8.4        Hydrogen Vehicles

8.4.1        Overview

8.4.2        Hydrogen Vehicles: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

8.6        Gas Transport

8.6.1        Overview

8.6.2        Gas Transport: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

8.7        Others

8.7.1        Overview

8.7.2        Others: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

9.          Pressure Vessel Composite Materials Market – Geographic Analysis

9.1        Overview

9.2        APAC: Pressure Vessel Composite Materials Market, by Key Countries

9.2.1.1         Australia: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

9.2.1.2         China: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

9.2.1.3         India: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

9.2.1.4         Japan: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

9.2.1.5         South Korea: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

9.2.1.6         Rest of APAC: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

10.       Impact of COVID-19 Pandemic on Global Pressure Vessel Composite Material Market

10.1     Overview

10.2     Asia-Pacific: Impact Assessment of COVID-19 Pandemic

11.       Industry Landscape

11.1     Overview

11.2     Merger and Acquisition

11.3     Product News

12.       Key Company Profiles

12.1     3M COMPANY

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.2     BASF SE

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.3     HEXION INC.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4     HUNTSMAN INTERNATIONAL LLC.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5     KOLON INDUSTRIES. INC.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.6     MITSUBISHI CHEMICAL CORPORATION

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.7     OLIN CORPORATION

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.8     SOLVAY S.A.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products And Services

12.8.4     Financial Overview

12.8.5     Swot Analysis

12.9     ZOLTEK CORPORATION (TORAY GROUP)

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products And Services

12.9.4     Financial Overview

12.9.5     Swot Analysis

12.9.6     Key Developments

13.       Appendix

13.1     About The Insight Partners

13.2     Glossary of Terms

 

LIST OF TABLES

Table 1.            Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

Table 2.            Australia: Pressure Vessel Composite Materials Market, by Material

Table 3.            Australia: Pressure Vessel Composite Materials Market, by End User

Table 4.            China: Pressure Vessel Composite Materials Market, by Material

Table 5.            China: Pressure Vessel Composite Materials Market, by End User

Table 6.            India: Pressure Vessel Composite Materials Market, by Material

Table 7.            India: Pressure Vessel Composite Materials Market, by End User

Table 8.            Japan: Pressure Vessel Composite Materials Market, by Material

Table 9.            Japan: Pressure Vessel Composite Materials Market, by End User

Table 10.         South Korea: Pressure Vessel Composite Materials Market, by Material

Table 11.         South Korea: Pressure Vessel Composite Materials Market, by End User

Table 12.         Rest of APAC: Pressure Vessel Composite Materials Market, by Material

Table 13.         Rest of APAC: Pressure Vessel Composite Materials Market, by End User

Table 14.         Glossary of Terms, APAC Pressure Vessel Composite Materials Market

 

LIST OF FIGURES

Figure 1.          APAC Pressure Vessel Composite Materials Market Segmentation

Figure 2.          APAC Pressure Vessel Composite Materials Market Segmentation – By Geography

Figure 3.          APAC Pressure Vessel Composite Materials Market Overview

Figure 4.          CNG Vehicles Segment Held Largest Share of APAC Pressure Vessel Composite Materials Market

Figure 5.          China Held Largest Share of APAC Pressure Vessel Composite Materials Market

Figure 6.          APAC Pressure Vessel Composite Materials Market, Industry Landscape

Figure 7.          APAC: PEST Analysis

Figure 8.          Expert Opinion

Figure 9.          APAC Pressure Vessel Composite Materials Market Impact Analysis Of Driver And Restraints

Figure 10.        Geographic Overview of Pressure Vessel Composite Materials Market

Figure 11.        APAC: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        Pressure Vessel Composite Materials Market Revenue Share, by Material (2019 and 2027)

Figure 13.        Resin: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 14.        Fiber: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 15.        Others: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 16.        Pressure Vessel Composite Materials Market Revenue Share, by End-User (2019 and 2027)

Figure 17.        CNG Vehicles: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 18.        Hydrogen Vehicles: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 19.        Gas Transport: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 20.        Others: Pressure Vessel Composite Materials Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 21.        APAC Pressure Vessel Composite Materials Market Revenue Share, by Country (2019 and 2027)

Figure 22.        Australia: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

Figure 23.        China: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

Figure 24.        India: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Japan: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

Figure 26.        South Korea: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Rest of APAC: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)

Figure 28.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

 

The List of Companies- APAC Pressure Vessel Materials Composites Market
  1. 3M Company
  2. BASF SE
  3. Hexion Inc.
  4. Huntsman International LLC.
  5. Mitsubishi Chemical Corporation
  6. Olin Corporation
  7. Solvay S.A.
  8. Kolon Industries. Inc
  9. ZOLTEK Corporation (Toray Group)
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC Pressure Vessel Composites Materials Market, thereby allowing players to develop effective long term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

 


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