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The future of the composites cylinder market in South Korea looks promising with opportunities in gas carriers & storage, transportation, life support, and recreation industries. The major drivers for this market are increasing number of natural gas vehicles (NGVs) and growing demand for lightweight cylinders with higher pressure requirement and greater gas carrying capacity per cylinder.
Emerging trend, which have direct impact on the dynamics of the composites cylinder industry, include development of type V tank, and increase in green fleet.
A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this composites cylinder market in South Korea report download the report brochure.
Composites Cylinder Market in South Korea by Segment:
2014-2025 (US $M) (Randomized Data)
Trends and Forecasts for Composites Cylinder Market in South Korea:
2014-2025 (US $M) (Randomized Data)
The study includes the market size and forecast for the composites cylinder market in South Korea by end use industry, tank type, and composite demand by fiber type as follows:
Composites Cylinder Market by End Use Industry [Volume (Thousand Unit) and $M shipment analysis from 2014 to 2025]:
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Gas Carriers and Storage
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Transportation
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Life Support
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Recreation and Others
Composites Cylinder Market by Tank Type [Volume (Thousand Unit) and $M shipment analysis from 2014 to 2025]:
Composite by Fiber Type [Volume (Million lbs.) and Value ($ Million) from 2014 to 2025]:
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Glass Fiber Composites
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Carbon Fiber Composites
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Aramid Fiber Composites
Lucintel forecasts that type III cylinders will remain the largest segment by value and Type IV by volume. The type IV cylinder segment is expected to witness the highest growth over the forecast period due to the growing demand for lightweight cylinders.
Within composites cylinder market, transportation will remain the largest end use industry by value and gas carrier & storage by volume. Transportation segment is also expected to witness highest growth over the forecast period due to the expected growth in the demand for bulk transportation cylinders and unavailability of proper gas pipeline infrastructure.
Some of the features of “Opportunities for the Composites Cylinder Market in South Korea 2014-2025: Trends, Forecast and Competitive Analysis” include:
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Market size estimates: Composites cylinder market size estimation in terms of value ($M) and volume (Thousand Units) shipment.
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Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by end use industry, tank type, and composite demand by fiber type
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Segmentation analysis: Composites cylinder market size by end use industry (gas carriers and storage, transportation, life support, recreation and others), tank type (Type II, Type III, Type IV), and composites demand by fiber (carbon composites, glass composites, aramid composites) in terms of value.
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Growth opportunities: Analysis on growth opportunities in different end use industry, tank type, and composite demand by fiber type of composites cylinder in the composites cylinder market.
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Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report addresses the following 7 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the composites cylinder market by end use industry (gas carriers and storage, transportation, life support, recreation and others), tank type (Type II, Type III, Type IV), and composites demand by fiber (carbon composites, glass composites, aramid composites)?
Q.2. Which products segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this composites cylinder market?
Q.4. What are the business risks and competitive threats in this composites cylinder market?
Q.5. What are the emerging trends in this composites cylinder market and reasons behind them?
Q.6. What are some of the changing demands of customers in the composites cylinder market?
Q.7. What are the new developments in the composites cylinder market and which companies are leading these developments?