Type 4 Cylinder Market to be dominated by Asia-pacific region through 2027
The growing demand for
lightweight storage solutions and innovations in hybrid power vehicles are
expected to drive the demand for the global type 4 cylinder market in the
forecast period, 2023-2027.
According to TechSci Research report, “Type 4 Cylinder Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global type 4 cylinder market is anticipated to
grow at a robust rate in the forecast period, 2023-2027. Type 4 cylinders are
made majorly from carbon composite with a polymer line. They are the most
expensive and lightest kind of cylinder available on the market. Their low
weight makes them suitable for infrequent use applications where maximum
portability is the primary requirement, increasing the sales of type 4
cylinders worldwide. The rise in demand for lightweight cylinders with high gas
carrying capacity per cylinder and pressure requirements and the surge in
demand for transportation storage containers for compressed natural gas (CNG)
and liquid petroleum gas (LPG) are the primary drivers for the global type 4
cylinder market. The surge in the number of market players and the growing
applications of type 4 cylinders in different industries are expected to
accelerate the market growth in the coming years.
However, type 4
cylinders are less robust and are prone to leakage, which may restrain the
global type 4 cylinder market growth over the next five years.
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data Figures spread through 110 Pages and an in-depth TOC on "Type 4 Cylinder Market"
The global type 4 cylinder
market is segmented into material, diameter, length, application,
regional distribution, and competitive landscape.
Based on material, the market
is divided into fully carbon fiber, carbon fiber+glass fiber. Fully carbon
fiber is expected to hold the largest market share in the forecast period,
2023-2027. They are very rigid and have a high strength-to-weight ratio. It is
corrosion-resistant and chemically stable, making it the preferred choice for
choosing type 4 cylinders. Fully carbon fiber shows good tensile strength and
fire resistance. The advantages of using fully carbon fiber drive the market
growth over the next five years.
Based on application, the
market is divided into CNG, biogas, hydrogen, and others. The biogas segment is
expected to account for significant market share in the coming years. Biogas is
renewable and is an alternate source of energy. Gas released via the process of
biodigestion is non-pollution, and it lowers greenhouse emissions into the
environment. The biogas generation process reduces soil and water pollution and
produces biofertilizer. The process is simple and is low cost, and supports
economic growth. Biogas is a smokeless fuel and lowers the incidence of lung
and eye diseases. As it has a lower density than CNG, it makes it less lethal
than CNG. They can be used to replace the diesel-oil engine as the
manufacturers are modifying the engines to run 100 percent on biogas. The
Cost-effectiveness of using biogas as a fuel in vehicles and other applications
is expected to drive the biogas segment demand over the next five years.
Major market players
operating in global type 4 cylinder market are:
- Indoruss Synergy
- Quantum Technologies
- Aburi Composites
- Hexagon Composites ASA
- Luxfer Holdings PLC
- Ullit SA
- Worthington Industries
- EKC International Dubai
- AMS Composite Cylinders
- Time Technoplast Ltd.
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“Stringent emission norms and the
growing concerns regarding the effect of harmful greenhouse gases on the
environment are driving the adoption of alternate vehicles across the globe.
Such the government of India announced plans to decarbonize India and has
included more than 100b advanced technologies, including alternate fuel
systems, under the production-linked incentive scheme for automobiles.
Automakers are launching hybrid vehicles and CNG vehicles that are more fuel
efficient and showcase higher performance than conventional vehicles. The
growing popularity of alternate fuel vehicles and the ability of type 4
cylinders by having specifications like their low weight, corrosion and rust
resistance, and higher mileage are expected to create lucrative growth
opportunities for the market players over the next five years, 2023-2027” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Type 4 Cylinder Market -
Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented
By Material (Fully Carbon Fiber, Carbon Fiber +Glass Fiber), By Diameter (414
mm, 533 mm, 648 mm), By Length (60-inch, 80-inch, 90-inch,100- inch,120- inch),
By Application (CNG, Biogas, Hydrogen, Others), and By Region”, has evaluated the future growth
potential of global type 4 cylinder and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in global
type 4 cylinder market.
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