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North America Pressure Vessel Composites Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Material (Resin, Fiber, and Others) and End User (CNG Vehicles, Hydrogen Vehicles, Gas Transport, and Others)

Code: TIPRE00019164 | Pages: 106 | Industry: Chemicals and Materials | Date: Feb 2021
Covid

NORTH AMERICA PRESSURE VESSEL COMPOSITES MARKET RD

North America Pressure Vessel Composites Market Forecast to 2027 – Covid-19 Impact and Regional Analysis by Material (Resin, Fiber, Others); End-User (CNG Vehicles, Hydrogen Vehicles, Gas Transport, Others)

Pages: 106

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 North America pressure vessel composites market was valued at US$ 140.90 million in 2019 and is projected to reach US$ 669.05 million by 2027; it is expected to grow at a CAGR of 21.6% during 2020–2027. 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 North America Pressure Vessel Composites Market

The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the chemicals and materials industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. The US has the highest number of confirmed cases of the COVID-19 morbidity among all North American countries. This is likely to impact the chemicals and materials industry in the region due to the disruption of supply and distribution chain. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.

Key Market Segments

The resin segment accounted for a largest share of the North America pressure vessel composites market, by material, in 2019. The CNG vehicle segment accounted for a largest share of the North America pressure vessel composites 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 North America pressure vessel composites market include 3M Company, BASF SE, Hexion Inc., Huntsman International LLC., Mitsubishi Chemical Corporation, Olin Corporation, Solvay S.A., Steelhead Composites, LLC., and ZOLTEK Corporation (Toray Group).

Reasons to buy the report

  • To understand the North America pressure vessel composites 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 market
  • To efficiently plan M&A and partnership deals in the pressure vessel composites 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 market
  • To obtain market revenue forecast for market by various segments from 2018 to 2027

North America Pressure Vessel Composites 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.
  • Steelhead Composites, LLC.
  • ZOLTEK Corporation (Toray Group)

By Country

  • US
  • Canada
  • Mexico
 

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

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        PEST Analysis

4.2.1        North America

4.3        Expert Opinion

5.          Pressure Vessel Composite Materials Market – Key Market Dynamics

5.1        Market Drivers

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 – North America Market Analysis

6.1        Pressure Vessel Composite Materials Market Overview

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

6.3        Market Positioning of Key Players

7.          North America 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)

8.5        Gas Transport

8.5.1        Overview

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

8.6        Others

8.6.1        Overview

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

9.          Pressure Vessel Composite Materials Market – Country Analysis

9.1        Overview

9.1.1        North America: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2        North America: Pressure Vessel Composite Materials Market, by Material

9.1.3        North America: Pressure Vessel Composite Materials Market, by End User

9.1.4        North America: Pressure Vessel Composite Materials Market, by Key Country

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

9.1.4.1.1         US: Pressure Vessel Composite Materials Market, by Material

9.1.4.1.2         US: Pressure Vessel Composite Materials Market, by End User

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

9.1.4.2.1         Canada: Pressure Vessel Composite Materials Market, by Material

9.1.4.2.2         Canada: Pressure Vessel Composite Materials Market, by End User

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

9.1.4.3.1         Mexico: Pressure Vessel Composite Materials Market, by Material

9.1.4.3.2         Mexico: Pressure Vessel Composite Materials Market, by End User

10.       Overview- Impact of COVID-19 of North America Pressure Vessel Composite Materials Market

10.1     Overview

10.2     North America: Impact Assessment of COVID-19 Pandemic

11.       Industry Landscape

11.1     Overview

11.2     Merger and Acquisition

11.3     Product News

12.       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     MITSUBISHI CHEMICAL CORPORATION

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     OLIN 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     SOLVAY S.A.

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     STEELHEAD COMPOSITES, LLC.

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

Table 2.            North America Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027  (US$ Million)

Table 3.            North America Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 4.            US Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027 (US$ Million)

Table 5.            US Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 6.            Canada Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027  (US$ Million)

Table 7.            Canada Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 8.            Mexico Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027 (US$ Million)

Table 9.            Mexico Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 10.         Glossary of Terms, Pressure Vessel Composite Materials Market

 

LIST OF FIGURES

Figure 1.          North America Pressure Vessel Composite Materials Market Segmentation

Figure 2.          North America Pressure Vessel Composite Materials Market Segmentation – By Country

Figure 3.          North America Pressure Vessel Composite Materials Market Overview

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

Figure 5.          United States Held Largest Share of North America Pressure Vessel Composite Materials Market

Figure 6.          North America Pressure Vessel Composite Materials Market, Industry Landscape

Figure 7.          North America PEST Analysis

Figure 8.          Expert Opinion

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

Figure 10.        North America: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        Market Positioning of Key Player In Pressure Vessel Composite Materials Market

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.        North America: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        North America: Pressure Vessel Composite Materials Market Revenue Share, by Material (2019 and 2027)

Figure 23.        North America: Pressure Vessel Composite Materials Market Revenue Share, by End User (2019 and 2027)

Figure 24.        North America: Pressure Vessel Composite Materials Market Revenue Share, by Key Country (2019 and 2027)

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

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

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

Figure 28.        Impact of COVID-19 Pandemic in North American Country Markets

 

 

The List of Companies- North America Pressure Vessel 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. Steelhead Composites, LLC.
  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 North America Pressure Vessel Composites 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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