Global composite cylinders market stood at over $ 645 million in 2019 and is projected to exhibit a CAGR of over 7% during 2021-2026, owing to increasing demand for explosion proof, non-corrosive and lightweight LPG cylinders. Composite cylinder is a high-pressure vessel that is made of a composite-polymer material and placed in a plastic body. The technology of manufacturing a modern composite cylinder is a very complex and high-tech process, thus its cost is much higher than the cost of a metal analogue. Increasing consumption of LPG in the developing countries is expected to boost the demand for composite LPG cylinders during the forecast period. Some of the major companies operating in global composite cylinders market are Luxfer Gas Cylinder, Hexagon Composites ASA, Dragerwerk, Worthington Cylinders, Faber Industries S.p.A., Sinoma, Quantum Technologies and Aburi Composites. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=3966 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/composite-cylinders-market/3966.html

Global composite cylinders market stood at over $ 645 million in 2019 and is projected to exhibit a CAGR of over 7% during 2021-2026, owing to increasing demand for explosion proof, non-corrosive and lightweight LPG cylinders. Composite cylinder is a high-pressure vessel that is made of a composite-polymer material and placed in a plastic body. The technology of manufacturing a modern composite cylinder is a very complex and high-tech process, thus its cost is much higher than the cost of a metal analogue. Increasing consumption of LPG in the developing countries is expected to boost the demand for composite LPG cylinders during the forecast period. Moreover, government push towards the usage of composite cylinders is also anticipated to positively impact growth of composite cylinders market, globally. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=3966 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/composite-cylinders-market/3966.html Some of the major companies operating in global composite cylinders market are Luxfer Gas Cylinder, Hexagon Composites ASA, Dragerwerk, Worthington Cylinders, Faber Industries S.p.A., Sinoma, Quantum Technologies and Aburi Composites.