Pressure Vessel Composite Materials Market - Forecast(2021 - 2026)
Pressure Vessel Composite Materials Market size is forecast to reach $1,602.28 million by 2025, after growing at a CAGR of 24.65% during 2020-2025. A pressure vessel is used as a compressed air receiver and a domestic hot water storage tank in various vehicles. Due to the high strength-to-weight ratio, the market for composites has increased in the manufacture of pressure vessels. Composites not only improve performance but also give significant material savings owing to which it has application in a number of sectors such as oil refineries, nuclear plants, gas storage , automotive, aerospace, and others; leading to drive the growth of the Pressure Vessel Composite Materials industry in the forecast period. Report Coverage The: “Pressure Vessel Composite Materials Market Report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Pressure Vessel Composite Materials Industry. By Type: Epoxy Resins, Fiber, and Others By ...