1. Global Composites Cylinder Market Report 2019-2024: Trends, Forecast and Competitive Analysis 1

2. Industry Profiles Snapshot Major ParameterDescription Market Segments by End Use Industry Gas carriers and storage, transportation, life support, recreation and others Market Segments by Tank Type Type I, Type II, Type III Market Segments by Fiber Carbon composites, glass composites, aramid composites Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Hexagon Composites, Luxfer Gas Cylinder, Quantum Technologies, Worthington Cylinders, Time Technoplast, Faber Industries S.p.A., Beijing Tianhai Industry Co., and Ullit and others. Trend Growth Rate and CAGR5.5% Key Industry Forecast The global composites cylinder market is expected to reach an estimated $981 million by 2024 with a CAGR of 5.5% from 2019 to 2024. Key Industry Driver Driver: Increasing number of natural gas vehicles (NGVs) and growing demand for lightweight cylinders with higher pressure requirement and greater gas carrying capacity per cylinder. 2

3. Industry Overview Market Size The global composites cylinder market is expected to reach an estimated $981 million by 2024 with a CAGR of 5.5% from 2019 to 2024. 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. Market Size (2024)$981 million CAGR (2019-24)5.5% 3 Industry Performance : Forecast