South America Pressure Vessel Composite Materials Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material (Resin, Fiber, and Others) and End User (CNG Vehicles, Hydrogen Vehicle, Gas Transport, and Others)
The South America pressure vessel composite materials market is expected to grow from US$ 52.57 million in 2022 to US$ 147.29 million by 2028; it is estimated to grow at a CAGR of 18.7% from 2022 to 2028.
Increasing use of Pressure Vessel Composite Materials for Space Technology
The composite overwrapped pressure vessel (COPV) is pressure-containment used in spaceflight owing to its low weight and high strength. Infinite composite technologies said substituting heavy metallic structures with composites would allow space exploration to develop by creating reusable rockets, increasing fuel requirements, and lowering the cost of sending goods into orbit. The company has colluded with NASA and Yeti Space and is currently designing and researching propellant tanks using the CPV technology for the classified space business. Moreover, according to the Office of Health and Mission Assurance, NASA uses a wide variety of Pressure vessel system (PVS) in-flight applications, including both composite, overwrapped pressure vessels (COPVs) and metallic, piping, and valves typically to store liquids and gases that are necessary for either the launch phase or operations on orbit. Their reliability is essential as once such vessels leaves the pad, they regularly cannot be serviced or checked unless and until they return to earth. Typically, they follow a stringent certification and acceptance testing plan to ensure the project requirements are met. Hence, the increasing use of pressure vessel composite materials for space technology creates huge opportunities for market growth during the forecast period.
South America Pressure Vessel Composite Materials Market Overview
South and Central America includes countries such as Brazil, Argentina, and the rest of South and Central America. The continuous technological and industrial developments have positively impacted the economic growth of countries such as Brazil and Argentina. The changing economic condition in South America, the development of new manufacturing industries, and increasing support from the government for increasing industrial production provide a huge developing potential for the pressure vessel composite materials market players in South America. Furthermore, the rapid development in the automotive and power and process industries is expected to lift the demand for pressure vessel composite materials over the forecast period. However, pressure vessel composite materials use is relatively low in South American countries compared to other developed regions such as North America and Europe. Moreover, the constant research and development by the key players to develop environmentally friendly and more efficient products are anticipated to provide a developing opportunity for the market players over the forecast period.
South America Pressure Vessel Composite Materials Market Revenue and Forecast to 2028 (US$ Million)
South America Pressure Vessel Composite Materials Market Segmentation
The South America pressure vessel composite materials market is segmented based on material, end user, and country. Based on material, the South America pressure vessel composite materials market is segmented into resin, fiber, and others. The thermoset cylinders segment held the largest market share in 2022.
Based on end user, the South America pressure vessel composite materials market is segmented into CNG vehicles, hydrogen vehicle, gas transport, and others. The CNG vehicles segment held the largest market share in 2022.
Based on country, the South America pressure vessel composite materials market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market share in 2022.
3M Co; Basf SE; Huntsman Corporation; Kolon Industries Inc.; Mitsubishi Chemical Holdings Corp; Solvay SA; Hexion Inc.; and Olin Corp are the leading companies operating in the South America pressure vessel composite materials market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South America Pressure Vessel Composite Materials Market, by Material
1.3.2 South America Pressure Vessel Composite Materials Market, by End User
1.3.3 South America Pressure Vessel Composite Materials Market, by Country
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. South America Pressure Vessel Composite Materials Market Landscape
4.1 Market Overview
4.2.1 South America PEST Analysis
4.3 Expert Opinion
5. South America Pressure Vessel Composite Materials Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Natural Gas-Fueled Vehicles
5.1.2 Increasing Demand for Pressure Vessels from Various End-Use 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
5.4.2 Surging Adoption of Carbon Fiber-Reinforced Plastic (CFRP) Pressure Vessels
5.5 Impact Analysis of Drivers and Restraints
6. Pressure Vessel Composite Materials– South America Market Analysis
6.1 South America Pressure Vessel Composite Materials Market –Revenue and Forecast to 2028 (US$ Million)
7. South America Pressure Vessel Composite Materials Market Analysis – By Material
7.1 Overview
7.2 Pressure Vessel Composite Materials Market, By Material (2021 and 2028)
7.3 Resin
7.3.1 Overview
7.3.2 Resin: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Fiber
7.4.1 Overview
7.4.2 Fiber: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2028 (US$ Million)
8. South America Pressure Vessel Composite Materials Market Analysis – By End User
8.1 Overview
8.2 Pressure Vessel Composite Materials Market, By End User (2021 and 2028)
8.3 CNG Vehicles
8.3.1 Overview
8.3.2 CNG Vehicles: Pressure Vessel Composite Materials Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Hydrogen Vehicles
8.4.1 Overview
8.4.2 Hydrogen Vehicles: Pressure Vessel Composite Materials Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Gas Transport
8.5.1 Overview
8.5.2 Gas Transport: Pressure Vessel Composite Materials Market– Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Pressure Vessel Composite Materials Market– Revenue and Forecast to 2028 (US$ Million)
9. South America Pressure Vessel Composite Materials Market– Country Analysis
9.1 South and Central America: Pressure Vessel Composite Materials Market
9.1.1 South and Central America: Pressure Vessel Composite Materials Market, by Key Country
9.1.1.1 Brazil: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Pressure Vessel Composite Materials Market, By Material
9.1.1.1.2 Brazil: Pressure Vessel Composite Materials Market, by End User
9.1.1.2 Argentina: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Pressure Vessel Composite Materials Market, By Material
9.1.1.2.2 Argentina: Pressure Vessel Composite Materials Market, by End User
9.1.1.3 Rest of South and Central America: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South and Central America: Pressure Vessel Composite Materials Market, By Material
9.1.1.3.2 Rest of South and Central America: Pressure Vessel Composite Materials Market, by End User
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 3M Co
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 BASF SE
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Huntsman Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products & Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Kolon Industries Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Mitsubishi Chemical Holdings Corp
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products & Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Solvay SA
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Hexion Inc
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Olin Corp
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. South America Pressure Vessel Composite Materials Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Pressure Vessel Composite Materials Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina Pressure Vessel Composite Materials Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of South and Central America Pressure Vessel Composite Materials Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South and Central America Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of Terms, Global Pressure Vessel Composite Materials Market
LIST OF FIGURES
Figure 1. South America Pressure Vessel Composite Materials Market Segmentation
Figure 2. South America Pressure Vessel Composite Materials Market Segmentation – By Country
Figure 3. South America Pressure Vessel Composite Materials Market Overview
Figure 4. South America Pressure Vessel Composite Materials Market, By Product Type
Figure 5. South America Pressure Vessel Composite Materials Market, by Country
Figure 7. South America PEST Analysis
Figure 8. South America Expert Opinion
Figure 9. South America Impact Analysis of Driver and Restraints on Pressure Vessel Composite Materials Market
Figure 10. South America Pressure Vessel Composite Materials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. South America Pressure Vessel Composite Materials Market Revenue Share, By Material (2021 and 2028)
Figure 12. Resin: South America Pressure Vessel Composite Materials Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Fiber: South America Pressure Vessel Composite Materials Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Others: South America Pressure Vessel Composite Materials Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. South America Pressure Vessel Composite Materials Market Revenue Share, By End User (2021 and 2028)
Figure 16. CNG Vehicles: South America Pressure Vessel Composite Materials Market– Revenue and Forecast To 2028 (US$ Million)
Figure 17. Hydrogen Vehicles: South America Pressure Vessel Composite Materials Market– Revenue and Forecast To 2028 (US$ Million)
Figure 18. Gas Transport: South America Pressure Vessel Composite Materials Market– Revenue and Forecast To 2028 (US$ Million)
Figure 19. Others: South America Pressure Vessel Composite Materials Market– Revenue and Forecast To 2028 (US$ Million)
Figure 20. South America: Pressure Vessel Composite Materials Market, by Key Country – Revenue (2021) (US$ Million)
Figure 21. South and Central America: Pressure Vessel Composite Materials Market Revenue Share, by Key Country (2021 and 2028)
Figure 22. Brazil: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Argentina: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of South and Central America: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2028 (US$ Million)
- 3M Co
- Basf SE
- Huntsman Corporation
- Kolon Industries Inc.
- Mitsubishi Chemical Holdings Corp
- Solvay SA
- Hexion Inc.
- Olin Corp
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