Europe Pressure Vessel Composites 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)
EUROPE PRESSURE VESSEL COMPOSITES MARKET RD
Europe Pressure Vessel Composites 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)
Pages: 108
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 Europe pressure vessel composites market was valued at US$ 219.01 million in 2019 and is projected to reach US$ 1,005.35 million by 2027; it is expected to grow at a CAGR of 21.1% during 2020–2027. Factors driving the market growth include increasing natural gas vehicles and increasing demand for pressure vessels from various end-user industries. However, storage capacity of composite pressure vessels is likely to have a negative impact on the market growth.
Effect of covid-19 on Europe Pressure Vessel Composites Market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the chemicals and materials industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. Russia has the highest number of confirmed cases of the COVID-19 morbidity among all European countries. This is likely to impact the chemicals and materials industry in the region due to the disruption of supply and distribution chain. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
Key Market Segments
The resin composites segment accounted for a larger share of the Europe pressure vessel composites market, by material, in 2019. The CNG vehicle segment accounted for a larger share of the Europe pressure vessel composites 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 Europe pressure vessel composites market include 3M Company, BASF SE, Hexion Inc., Huntsman International LLC., Mitsubishi Chemical Corporation, Olin Corporation, Solvay S.A., and ZOLTEK Corporation (Toray Group).
Reasons to buy the report
- To understand the Europe pressure vessel composites 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 market
- To efficiently plan M&A and partnership deals in the pressure vessel composites 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 market
- To obtain market revenue forecast for market by various segments from 2018 to 2027
Europe Pressure Vessel Composites Market Segmentation
By Material
- Resin
- Fiber
- Others
By End-User
- CNG Vehicles
- Hydrogen Vehicles
- Gas Transport
- Others
Company Profiles
- 3M Company
- BASF SE
- Hexion Inc.
- Huntsman International LLC.
- Mitsubishi Chemical Corporation
- Olin Corporation
- Solvay S.A.
- ZOLTEK Corporation (Toray Group)
By Country
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
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 Composites Materials Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Expert Opinion
5. Pressure Vessel Composites Materials Market – Key Market Dynamics
5.1 Market Drivers
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 Composites Materials – Europe Market Analysis
6.1 Pressure Vessel Composites Materials Market Overview
6.2 Europe Pressure Vessel Composites Materials Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning of Key Players
7. Europe Pressure Vessel Composites 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 Composites Materials Market – Country Analysis
9.1 Overview
9.1.1 Europe: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2027 (US$ Million)
9.1.2 Europe: Pressure Vessel Composite Materials Market, by Material
9.1.3 Europe: Pressure Vessel Composite Materials Market, by End User
9.1.4 Europe: Pressure Vessel Composite Materials Market, by Key Country
9.1.4.1 Germany: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.1.1 Germany: Pressure Vessel Composite Materials Market, by Material
9.1.4.1.2 Germany: Pressure Vessel Composite Materials Market, by End User
9.1.4.2 France: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.2.1 France: Pressure Vessel Composite Materials Market, by Material
9.1.4.2.2 France: Pressure Vessel Composite Materials Market, by End User
9.1.4.3 Italy: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.3.1 Italy: Pressure Vessel Composite Materials Market, by Material
9.1.4.3.2 Italy: Pressure Vessel Composite Materials Market, by End User
9.1.4.4 UK: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.4.1 UK: Pressure Vessel Composite Materials Market, by Material
9.1.4.4.2 UK: Pressure Vessel Composite Materials Market, by End User
9.1.4.5 Russia: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.5.1 Russia: Pressure Vessel Composite Materials Market, by Material
9.1.4.5.2 Russia: Pressure Vessel Composite Materials Market, by End User
9.1.4.6 Rest of Europe: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.6.1 Rest of Europe: Pressure Vessel Composite Materials Market, by Material
9.1.4.6.2 Rest of Europe: Pressure Vessel Composite Materials Market, by End User
10. Overview- Impact of COVID-19 of Europe Pressure Vessel Composites Materials Market
10.1 Overview
10.2 Europe: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 3M COMPANY
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
11.2 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
11.3 HEXION INC.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 HUNTSMAN INTERNATIONAL LLC.
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 CORPORATION
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 OLIN CORPORATION
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
11.7 SOLVAY S.A.
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
11.8 ZOLTEK CORPORATION (TORAY GROUP)
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. Europe Pressure vessel composites materials Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Europe Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027 (US$ Million)
Table 3. Europe Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 4. Germany Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027 (US$ Million)
Table 5. Germany Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 6. France Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027 (US$ Million)
Table 7. France Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 8. Italy Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 10. UK Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027 (US$ Million)
Table 11. UK Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 12. Russia Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027 (US$ Million)
Table 13. Russia Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 14. Rest of Europe Pressure Vessel Composite Materials Market, by Material – Revenue and Forecast to 2027 (US$ Million)
Table 15. Rest of Europe Pressure Vessel Composite Materials Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 16. Glossary of Terms, Pressure Vessel Composites Materials Market
LIST OF FIGURES
Figure 1. Europe Pressure Vessel Composites Materials Market Segmentation
Figure 2. Europe Pressure Vessel Composites Materials Market Segmentation – By Country
Figure 3. Europe Pressure Vessel Composites Materials Market Overview
Figure 4. CNG Vehicles Segment Held Largest Share of Europe Pressure Vessel Composites Materials Market
Figure 5. Germany Held Largest Share of Europe Pressure Vessel Composites Materials Market
Figure 6. Europe Pressure Vessel Composites Materials Market, Industry Landscape
Figure 7. Europe PEST Analysis
Figure 8. Expert Opinion
Figure 9. Pressure Vessel Composite Materials Market Impact Analysis Of Driver And Restraints
Figure 10. Europe: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Market Positioning of Key Player In Pressure Vessel Composites Materials Market
Figure 12. 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. 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. Europe: Pressure Vessel Composite Materials Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Europe: Pressure Vessel Composite Materials Market Revenue Share, by Material (2019 and 2027)
Figure 23. Europe: Pressure Vessel Composite Materials Market Revenue Share, by End User (2019 and 2027)
Figure 24. Europe: Pressure Vessel Composite Materials Market Revenue Share, by Key Country (2019 and 2027)
Figure 25. Germany: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
Figure 26. France: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
Figure 27. Italy: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
Figure 28. UK: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
Figure 29. Russia: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
Figure 30. Rest of Europe: Pressure Vessel Composite Materials Market –Revenue and Forecast to 2027 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Europe Country Markets
- 3M Company
- BASF SE
- Hexion Inc.
- Huntsman International LLC.
- Mitsubishi Chemical Corporation
- Olin Corporation
- Solvay S.A.
- ZOLTEK Corporation (Toray Group)
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Europe Pressure Vessel Composites 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.