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

Industry : Power
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Published Date : NA

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Summary

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Report Description

The global type 4 cylinder market is anticipated to grow at a steady CAGR in the forecast period, 2023-2027. High demand for type 4 cylinders among the passenger and commercial vehicles and storage and transport applications and the growing number of natural gas vehicles worldwide primarily drive the demand for the global type 4 cylinder market. The demand from the other end-user industries like aerospace and defense, construction & infrastructure, and wind energy sectors are further influencing the market demand. Also, the surge in research and development activities to introduce next-generation cylinders and the growing awareness about the advantages of using these cylinders are expected to bolster the global type 4 cylinders market growth over the next five years.

Advantages of Using Type 4 Cylinder Drives the Market Growth

These cylinders are basically designed for high-pressure applications. Type 4 cylinders are basically 70% lighter than their counterparts and therefore boost the gas carrying capacity of cylinders. They are able to transport two times more gas in one trip, which reduces huge CNG transportation costs and results in massive savings. All cylinders have polymer lines with special additives and are made of gas-tight PE material and are resistant to rust and fatigue. It eliminates the chance of line leakage and contamination as there is no chance of rust and corrosion. The special non-metallic liner does not allow permeation. They are designed to be maintenance-free, and retesting requires only inspection. Type 4 cylinders have a long service life and are considered highly durable and safe. They are made up of highly advanced carbon fiber and are very strong and can store gas even at high pressure. Type 4 cylinders are the best combination of safety, efficiency, and durability. They are good for the environment. The entry of new market players offering type 4 cylinders and the growing awareness about the benefits of using type 4 cylinders are expected to propel the global type 4 cylinders market growth over the forecast period.

Booming Automotive Industry Favors the Market Growth

The automotive industry is rapidly transforming and is adopting novel and advanced features and technologies to improve the performance, fuel capacity, mileage, driving experience, seating capacity, and safety of passengers and automobiles during driving. Automakers are working on improving the performance of the engine as it is the main power supply for the vehicles and plays a vital role in moving the vehicles. Stringent emission norms and growing concerns regarding the harmful effect of greenhouse emissions on the environment are making the leading authorities promote vehicles running on compressed natural gas, which is also known as a green fuel. It has auto-ignition temperature and has a low operational cost. Another advantage of CNG vehicles is that it increases the life of lubricating oils and does not contaminate and dilute the crankcase oil. The major advantage of using type 4 cylinders is that it supports a higher driving range which lowers the refill anxiety issues. They are lighter and do not influence the running of vehicles even if shifted to the roof of vehicles. Type 4 cylinders offer higher mileage and reduce the fuel cost per km. Growing penetration of CNG vehicles worldwide and the increased use of type 4 cylinders in vehicles are expected to bolster the global type 4 cylinders market growth over the next five years.

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Market Segmentation

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. Based on diameter, the market is divided into 414 mm, 533 mm, 648 mm. Based on length, the market is divided into 60-inch, 80-inch, 90-inch,100- inch,120- inch. Based on application, the market is divided into CNG, biogas, hydrogen, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, Asia-Pacific region, European region, South American region, and Middle East & African region. In terms of country, the United States is expected to be a lucrative market for the global type 4 cylinder market due to the growing acceptance of type 4 cylinders in the automotive industry.

Market Players

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. are the leading players operating in the global type 4 cylinder market.

Attribute	Details
Base Year	2021
Historic Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Material · Diameter · Length · Application
Regional scope	North America; Asia Pacific; Europe; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Singapore; Malaysia; Germany; United Kingdom; France; Italy; Spain; Poland; Denmark; Brazil; Argentina; Colombia; Poland; Denmark; Saudi Arabia; South Africa; UAE; Iraq; Turkey
Key companies profiled	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.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global type 4 cylinder market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Type 4 Cylinder Market, By Material:

Fully Carbon Fiber
Carbon Fiber +Glass Fiber

Type 4 Cylinder Market, By Diameter:

414 mm
533 mm
648 mm

Type 4 Cylinder Market, By Length:

60-inch
80-inch
90-inch
100- inch
120- inch

Type 4 Cylinder Market, By Application:

CNG
Biogas
Hydrogen
Others

Type 4 Cylinder Market, By Region:

North America

United States
Canada
Mexico

Asia-Pacific

China
India
Japan
South Korea
Australia
Singapore
Malaysia

Europe

Germany
United Kingdom
France
Italy
Spain
Poland
Denmark

South America

Brazil
Argentina
Colombia
Peru
Chile

Middle East & Africa

§ Saudi Arabia

§ South Africa

§ UAE

§ Iraq

§ Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global type 4 cylinder market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global type 4 cylinder market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Type 4 Cylinder Market

4. Executive Summary

5. Voice of Customer

5.1.1. Brand Awareness

5.1.2. Factors Considered while Selecting a Supplier

5.1.3. Customer Satisfaction Level

5.1.4. Major Challenges Faced

6. Global Type 4 Cylinder Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Material (Fully Carbon Fiber, Carbon Fiber +Glass Fiber)

6.2.2. By Diameter (414 mm, 533 mm, 648 mm)

6.2.3. By Length (60-inch, 80-inch, 90-inch,100- inch,120- inch)

6.2.4. By Application (CNG, Biogas, Hydrogen, Others)

6.2.5. By Region

6.2.6. By Company

6.3. Product Market Map

7. North America Type 4 Cylinder Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Material

7.2.2. By Diameter

7.2.3. By Length

7.2.4. By Application

7.2.5. By Country

7.3. North America: Country Analysis

7.3.1. United States Type 4 Cylinder Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Material

7.3.1.2.2. By Diameter

7.3.1.2.3. By Length

7.3.1.2.4. By Application

7.3.2. Canada Type 4 Cylinder Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Material

7.3.2.2.2. By Diameter

7.3.2.2.3. By Length

7.3.2.2.4. By Application

7.3.3. Mexico Type 4 Cylinder Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Material

7.3.3.2.2. By Diameter

7.3.3.2.3. By Length

7.3.3.2.4. By Application

8. Asia-Pacific Type 4 Cylinder Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Material

8.2.2. By Diameter

8.2.3. By Length

8.2.4. By Application

8.2.5. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Type 4 Cylinder Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Material

8.3.1.2.2. By Diameter

8.3.1.2.3. By Length

8.3.1.2.4. By Application

8.3.2. India Type 4 Cylinder Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Material

8.3.2.2.2. By Diameter

8.3.2.2.3. By Length

8.3.2.2.4. By Application

8.3.3. Japan Type 4 Cylinder Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Material

8.3.3.2.2. By Diameter

8.3.3.2.3. By Length

8.3.3.2.4. By Application

8.3.4. South Korea Type 4 Cylinder Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Material

8.3.4.2.2. By Diameter

8.3.4.2.3. By Length

8.3.4.2.4. By Application

8.3.5. Australia Type 4 Cylinder Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Material

8.3.5.2.2. By Diameter

8.3.5.2.3. By Length

8.3.5.2.4. By Application

8.3.6. Singapore Type 4 Cylinder Market Outlook

8.3.6.1. Market Size & Forecast

8.3.6.1.1. By Value

8.3.6.2. Market Share & Forecast

8.3.6.2.1. By Material

8.3.6.2.2. By Diameter

8.3.6.2.3. By Length

8.3.6.2.4. By Application

8.3.7. Malaysia Type 4 Cylinder Market Outlook

8.3.7.1. Market Size & Forecast

8.3.7.1.1. By Value

8.3.7.2. Market Share & Forecast

8.3.7.2.1. By Material

8.3.7.2.2. By Diameter

8.3.7.2.3. By Length

8.3.7.2.4. By Application

9. Europe Type 4 Cylinder Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Material

9.2.2. By Diameter

9.2.3. By Length

9.2.4. By Application

9.2.5. By Country

9.3. Europe: Country Analysis

9.3.1. Germany Type 4 Cylinder Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Material

9.3.1.2.2. By Diameter

9.3.1.2.3. By Length

9.3.1.2.4. By Application

9.3.2. United Kingdom Type 4 Cylinder Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Material

9.3.2.2.2. By Diameter

9.3.2.2.3. By Length

9.3.2.2.4. By Application

9.3.3. France Type 4 Cylinder Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Material

9.3.3.2.2. By Diameter

9.3.3.2.3. By Length

9.3.3.2.4. By Application

9.3.4. Italy Type 4 Cylinder Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Material

9.3.4.2.2. By Diameter

9.3.4.2.3. By Length

9.3.4.2.4. By Application

9.3.5. Spain Type 4 Cylinder Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Material

9.3.5.2.2. By Diameter

9.3.5.2.3. By Length

9.3.5.2.4. By Application

9.3.6. Poland Type 4 Cylinder Market Outlook

9.3.6.1. Market Size & Forecast

9.3.6.1.1. By Value

9.3.6.2. Market Share & Forecast

9.3.6.2.1. By Material

9.3.6.2.2. By Diameter

9.3.6.2.3. By Length

9.3.6.2.4. By Application

9.3.7. Denmark Type 4 Cylinder Market Outlook

9.3.7.1. Market Size & Forecast

9.3.7.1.1. By Value

9.3.7.2. Market Share & Forecast

9.3.7.2.1. By Material

9.3.7.2.2. By Diameter

9.3.7.2.3. By Length

9.3.7.2.4. By Application

10. South America Type 4 Cylinder Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Material

10.2.2. By Diameter

10.2.3. By Length

10.2.4. By Application

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Type 4 Cylinder Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Material

10.3.1.2.2. By Diameter

10.3.1.2.3. By Length

10.3.1.2.4. By Application

10.3.2. Argentina Type 4 Cylinder Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Material

10.3.2.2.2. By Diameter

10.3.2.2.3. By Length

10.3.2.2.4. By Application

10.3.3. Colombia Type 4 Cylinder Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Material

10.3.3.2.2. By Diameter

10.3.3.2.3. By Length

10.3.3.2.4. By Application

10.3.4. Peru Type 4 Cylinder Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Material

10.3.4.2.2. By Diameter

10.3.4.2.3. By Length

10.3.4.2.4. By Application

10.3.5. Chile Type 4 Cylinder Market Outlook

10.3.5.1. Market Size & Forecast

10.3.5.1.1. By Value

10.3.5.2. Market Share & Forecast

10.3.5.2.1. By Material

10.3.5.2.2. By Diameter

10.3.5.2.3. By Length

10.3.5.2.4. By Application

11. Middle East & Africa Type 4 Cylinder Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Material

11.2.2. By Diameter

11.2.3. By Length

11.2.4. By Application

11.2.5. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Type 4 Cylinder Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Material

11.3.1.2.2. By Diameter

11.3.1.2.3. By Length

11.3.1.2.4. By Application

11.3.2. South Africa Type 4 Cylinder Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Material

11.3.2.2.2. By Diameter

11.3.2.2.3. By Length

11.3.2.2.4. By Application

11.3.3. UAE Type 4 Cylinder Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Material

11.3.3.2.2. By Diameter

11.3.3.2.3. By Length

11.3.3.2.4. By Application

11.3.4. Iraq Type 4 Cylinder Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Material

11.3.4.2.2. By Diameter

11.3.4.2.3. By Length

11.3.4.2.4. By Application

11.3.5. Turkey Type 4 Cylinder Market Outlook

11.3.5.1. Market Size & Forecast

11.3.5.1.1. By Value

11.3.5.2. Market Share & Forecast

11.3.5.2.1. By Material

11.3.5.2.2. By Diameter

11.3.5.2.3. By Length

11.3.5.2.4. By Application

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Company Profiles

14.1. Indoruss Synergy

14.2. Quantum Technologies

14.3. Aburi Composites

14.4. Hexagon Composites ASA

14.5. Luxfer Holdings PLC

14.6. Ullit SA

14.7. Worthington Industries

14.8. EKC International Dubai

14.9. AMS Composite Cylinders

14.10. Time Technoplast Ltd.

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

Which regional market is expected to dominate the global type 4 cylinder market?

The Asia-pacific region is expected to hold the dominant market share in the forecast period.

What are the key driving factors of the global type 4 cylinder market?

High demand for type 4 cylinders among the passenger and commercial vehicles and storage and transport applications and the growing number of natural gas vehicles drive the demand for the global type 4 cylinder market.

What material is expected to dominate the global type 4 cylinder market in the forecast period?

Based on material, the market is bifurcated into fully carbon fiber and carbon fiber +glass fiber. Fully carbon fiber is expected to capture the highest market share in the forecast period.

Who are the major market players operating in the global type 4 cylinder market?

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 are the key players operating in the global type 4 cylinder market.

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Account Manager BD

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Press Release

Type 4 Cylinder Market to be dominated by Asia-pacific region through 2027

Sep, 2022

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.