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South America Pressure Vessel Composites Materials Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Material and End User

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    Report

  • 94 Pages
  • February 2021
  • The Insight Partners
  • ID: 5295041
UP TO OFF until Mar 31st 2024
Increasing demand for pressure vessels from various end-use industries to drive SAM pressure vessel composites materials market at CAGR of 19.7%

According to the latest study on “SAM Pressure Vessel Composites Materials Market Forecast to 2027 - Covid-19 Impact and Analysis - by Material (Resin, Fiber, and Others) and End User (CNG Vehicles, Hydrogen Vehicles, Gas Transport, and Others),” The pressure vessel composites materials market in SAM was valued at US$ 38.76 million in 2019 and is projected to reach US$ 162.84 million by 2027; it is expected to grow at a CAGR of 19.7% from 2020 to 2027. The report provides understanding on the key driving factors pertaining to the market growth and highlights the prominent players in the market, along with their developments.

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 of applications on which it is used 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.

The chemicals industry is growing across the world due to the increasing consumption of goods such as fertilizers and other agrochemical products, coatings and adsorbents, LED lightings, plastics, and human-made fibers, and research laboratory chemicals. According to the International Council of Chemical Associations (ICCA), the chemical industry was valued at US$ 5.7 trillion in 2019, which was equivalent to a 7% share in the global GDP. Also, the petrochemical industry is receiving a huge demand from various construction projects worldwide. Pressure vessels are designed to work by reaching the pressure level required to make an application function, such as holding air in a scuba tank. It can deliver pressure either directly by valves and release gauges or indirectly via heat transfer. Potential pressure levels ranges from 15 psi to 150,000 psi, while temperatures are usually above 400°C (750°F). A pressure tank can hold anywhere from 75 liters (20 gallons) to many thousand liters. Pressure vessels are used in different industries, but chemical, oil & gas, and energy industry are the main industries.

By country, SAM pressure vessel composites materials market is segmented into Brazil, Argentina, and Rest of South America. Brazil held the largest share of the market in 2019. The continuous technological and industrial developments are driving the economic growth of Brazil and Argentina. Changing economic condition in South America, growing developments of new manufacturing industries, and increasing support from the government for rising industrial production offer lucrative opportunities for the pressure vessel composites materials market players across the region. Furthermore, the rapid development in the automotive and power and process industries is expected to propel the demand for pressure vessel composites materials during the forecast period.

The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of January 2021, Brazil has the highest number of COVID-19 cases in South America, followed by Argentina, Peru, Chile, and Ecuador. The government of South America has taken an array of actions to protect their citizens and contain the spread of the novel coronavirus. It is anticipated that the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes - especially to China, Europe, and the US, which are important trade partners. Containment measures in several countries of South America would hamper economic activities in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.

Some of the major key players operating in the SAM pressure vessel composites materials market include 3M Company, BASF SE, Huntsman International LLC., Olin Corporation, Solvay S.A., and ZOLTEK Corporation among many others.

The report includes the segmentation of SAM pressure vessel composites materials market as follows:

By Material
  • Resin
  • Fiber
  • Other

By End-User
  • CNG Vehicles
  • Hydrogen Vehicles
  • Gas Transport
  • Other

By Country
  • Brazil
  • Argentina
  • Rest of SAM

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Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Pressure Vessel Composite Materials Market, by Material
1.3.2 Pressure Vessel Composite Materials Market, by End User
1.3.3 Pressure Vessel Composite Materials Market, by Geography
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 Composite Materials Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Expert Opinion
5. Pressure Vessel Composite Materials Market - Key Market Dynamics
5.1 Driver
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 Composite Materials - Global Market Analysis
6.1 Pressure Vessel Composite Materials Market Overview
6.2 Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Market Players
7. Pressure Vessel Composite 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 Composite Materials Market - Geographic Analysis
9.1 Overview
9.1.1 SAM: Pressure Vessel Composite Materials Market, by Key Country
9.1.1.1 Brazil: Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Brazil: Pressure Vessel Composite Materials Market, by Material
9.1.1.1.2 Brazil: Pressure Vessel Composite Materials Market, by End User
9.1.1.2 Argentina: Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Argentina: Pressure Vessel Composite Materials Market, by Material
9.1.1.2.2 Argentina: Pressure Vessel Composite Materials Market, by End User
9.1.1.3 Rest of SAM: Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Rest of SAM: Pressure Vessel Composite Materials Market, by Material
9.1.1.3.2 Rest of SAM: Pressure Vessel Composite Materials Market, by End User
10. Impact of COVID-19 Pandemic on Global Pressure Vessel Composite Material Market
10.1 Overview
10.2 South America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Merger and Acquisition
11.3 Product News
12. Key Company Profiles
12.1 3M COMPANY
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 BASF SE
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 HUNTSMAN INTERNATIONAL LLC.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 OLIN CORPORATION
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.5 SOLVAY S.A.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products And Services
12.5.4 Financial Overview
12.5.5 Swot Analysis
12.6 ZOLTEK CORPORATION (TORAY GROUP)
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products And Services
12.6.4 Financial Overview
12.6.5 Swot Analysis
12.6.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms
List of Tables
Table 1. Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
Table 2. Brazil Pressure Vessel Composite Materials Market, by Material - Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil Pressure Vessel Composite Materials Market, by End User - Revenue and Forecast to 2027 (US$ Million)
Table 4. Argentina Pressure Vessel Composite Materials Market, by Material - Revenue and Forecast to 2027 (US$ Million)
Table 5. Argentina Pressure Vessel Composite Materials Market, by End User - Revenue and Forecast to 2027 (US$ Million)
Table 6. Rest of SAM Pressure Vessel Composite Materials Market, by Material - Revenue and Forecast to 2027 (US$ Million)
Table 7. Rest of SAM Pressure Vessel Composite Materials Market, by End User - Revenue and Forecast to 2027 (US$ Million)
Table 8. Glossary of Terms, SAM Pressure Vessel Composite Materials Market
List of Figures
Figure 1. Pressure Vessel Composite Materials Market Segmentation
Figure 2. Pressure Vessel Composite Materials Market Segmentation - By Geography
Figure 3. SAM Pressure Vessel Composite Materials Market Overview
Figure 4. CNG Vehicles Segment Held Largest Share of SAM Pressure Vessel Composite Materials Market
Figure 5. Brazil Held Largest Share of SAM Pressure Vessel Composite Materials Market
Figure 6. SAM Pressure Vessel Composite Materials Market, Industry Landscape
Figure 7. SAM: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Pressure Vessel Composite Materials Market Impact Analysis Of Driver And Restraints
Figure 10. Geographic Overview of Pressure Vessel Composite Materials Market
Figure 11. SAM: Pressure Vessel Composite Materials Market - Revenue and Forecast to 2027 (US$ Million)
Figure 12. SAM: 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. SAM: 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. SAM: Pressure Vessel Composite Materials Market Revenue Share, by Key Country (2019 and 2027)
Figure 22. Brazil: Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
Figure 23. Argentina: Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
Figure 24. Rest of SAM: Pressure Vessel Composite Materials Market -Revenue and Forecast to 2027 (US$ Million)
Figure 25. Impact of COVID-19 Pandemic in South America Country Markets

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • BASF SE
  • Hexion Inc.
  • Huntsman International LLC.
  • Mitsubishi Chemical Corporation
  • Olin Corporation
  • Solvay S.A.
  • Kolon Industries. Inc
  • ZOLTEK Corporation (Toray Group)