South America Pressure Vessel Composites Materials 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)
SAM PRESSURE VESSEL COMPOSITES MARKET RD
SAM Pressure Vessel Composites Materials 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: 94
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.
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Market Overview and Dynamics
The pressure vessel composites materials market in SAM was valued at US$ 38.76 million in 2019 and is projected to reach US$ 162.84 million by 2027; it is expected to grow at a CAGR of 19.7% 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 SAM Pressure Vessel Composites Materials Market
The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of January 2021, Brazil has the highest number of COVID-19 cases in South America, followed by Argentina, Peru, Chile, and Ecuador. The government of South America has taken an array of actions to protect their citizens and contain the spread of the novel coronavirus. It is anticipated that the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes—especially to China, Europe, and the US, which are important trade partners. Containment measures in several countries of South America would hamper economic activities in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.
Key Market Segments
The resin segment accounted for a largest share of the SAM pressure vessel composites materials market, by material, in 2019. The CNG vehicle segment accounted for a largest share of the SAM 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 SAM pressure vessel composites materials market include 3M Company, BASF SE, Huntsman International LLC., Olin Corporation, Solvay S.A., and ZOLTEK Corporation (Toray Group).
Reasons to buy the report
- To understand the SAM 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
SAM Pressure Vessel Composites Materials Market Segmentation
- 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
- Brazil
- Argentina
- Rest of SAM
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Pressure Vessel Composite Materials Market, by Material
1.3.2 Pressure Vessel Composite Materials Market, by End User
1.3.3 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 SAM PEST Analysis
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 – Global 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)
8.5 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 – Geographic Analysis
9.1 Overview
9.1.1 SAM: Pressure Vessel Composite Materials Market, by Key Country
9.1.1.1 Brazil: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (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 2027 (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 SAM: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Rest of SAM: Pressure Vessel Composite Materials Market, by Material
9.1.1.3.2 Rest of SAM: Pressure Vessel Composite Materials Market, by End User
10. Impact of COVID-19 Pandemic on Global Pressure Vessel Composite Material Market
10.1 Overview
10.2 South America: 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 HUNTSMAN INTERNATIONAL LLC.
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 OLIN CORPORATION
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
12.5 SOLVAY S.A.
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 ZOLTEK CORPORATION (TORAY GROUP)
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
12.6.6 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. Brazil Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 4. Argentina Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027 (US$ Million)
Table 5. Argentina Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 6. Rest of SAM Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027 (US$ Million)
Table 7. Rest of SAM Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Glossary of Terms, SAM Pressure Vessel Composite Materials Market
LIST OF FIGURES
Figure 1. Pressure Vessel Composite Materials Market Segmentation
Figure 2. Pressure Vessel Composite Materials Market Segmentation – By Geography
Figure 3. SAM Pressure Vessel Composite Materials Market Overview
Figure 4. CNG Vehicles Segment Held Largest Share of SAM Pressure Vessel Composite Materials Market
Figure 5. Brazil Held Largest Share of SAM Pressure Vessel Composite Materials Market
Figure 6. SAM Pressure Vessel Composite Materials Market, Industry Landscape
Figure 7. SAM: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Pressure Vessel Composite Materials Market Impact Analysis Of Driver And Restraints
Figure 10. Geographic Overview of Pressure Vessel Composite Materials Market
Figure 11. SAM: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. SAM: 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. SAM: 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. SAM: Pressure Vessel Composite Materials Market Revenue Share, by Key Country (2019 and 2027)
Figure 22. Brazil: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
Figure 23. Argentina: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
Figure 24. Rest of SAM: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
Figure 25. Impact of COVID-19 Pandemic in South America Country Markets
- 3M Company
- BASF SE
- Hexion Inc.
- Huntsman International LLC.
- Mitsubishi Chemical Corporation
- Olin Corporation
- Solvay S.A.
- Kolon Industries. Inc
- ZOLTEK Corporation (Toray Group)
· The key findings and recommendations highlight crucial progressive industry trends in the SAM 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.