DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2hvjcx/growth) has announced the addition of the "Growth Opportunities for the Global Composite Cylinders Market 2014-2019: Trends, Forecasts and Opportunity Analysis" report to their offering.
The global composite cylinders market is expected to grow at a CAGR of 10.7% during 2014-2019.
The major driver of the composite cylinders is the increasing demand of composite cylinders in natural gas vehicles. Due to its lightweight and high-pressure sustainability, composite cylinders have become easier for firemen or rescue personnel to carry them in hazardous environments. Rest of the World including Asia Pacific is expected to witness the highest growth during forecast period.
This report provides an analysis of the composite cylinders market, including analysis of market trends, competitive landscapes, company profiles, emerging trends, and key drivers of industry growth. The study also includes the global composite cylinders market forecasts through 2019, segmented by regions, end user industries, types of cylinders and types of fibers used as follows:
The transportation segment is expected to remain the largest segment in terms of value during the forecast period. Gradual shift of usage from the type I steel cylinders to type III and type IV composite cylinders in transportation sector is the major driving force behind the growth of the market. Hexagon Composites, Luxfer Gas Cylinders, BTIC, Faber Industrie, and Time Technoplast are some of the suppliers in the composite cylinders market for various applications.
The global composite cylinders market segmented by end user industries:
- Gas Carriers & Storage
- Life Support
The global composite cylinders market segmented by types of cylinders:
- Type II
- Type III
- Type IV
The global composite cylinders market segmented by types of fibers used:
- Glass Fiber
- Carbon Fiber
- Aramid Fiber
- Faber Industrie
- Hexagon Composites
- Luxfer Gas Cylinders
- Time Technoplast
For more information visit http://www.researchandmarkets.com/research/2hvjcx/growth