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CNG Tank/Cylinder Market by Type (Type-1, Type-2, Type-3, Type-4), by Materials (Metal, Glass Fiber, Carbon Fiber), by End Use (Light Duty, Medium Duty, Heavy Duty), & Region - Trends and Forecast to 2020

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Date: 23-Mar-2015
No. of pages: 160
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Compressed natural gas (CNG) is a clean burning fuel and is also known as the cleanest of all the fossil fuels. Natural gas is composed of mainly methane, which when burnt produces carbon dioxide and water vapor. Due to the cheaper rate of CNG, CNG vehicles are being widely used across the world. The number of vehicles in the world which uses CNG has grown steadily at a 30 percent annual rate. Following are some of the benefits of using CNG vehicles:


  • CNG vehicles have low maintenance

  • CNG when burnt, mixes easily and evenly in the air

  • CNG emits less pollutant such as carbon dioxide (CO2), carbon monoxide (CO),etc


Global CNG tanks market can be segmented by type, which includes type-1, type-2, type-3 and type-4. Type-1 tanks are made up of metals, generally steel. Type-2 tank are made with thinner, steel liner. The metal liner is wrapped with composite materials (glass or carbon fiber) only around the center of the tank.Type-3 tanks are made up of aluminum composite materials. The aluminum composite material is wrapped completely around the tank. Type-4 tanks do not use metal in their structural design. These tanks are made up with a thick rubber membrane.

All CNG tanks are made using the cylinder shape with a semi-spherical shape covering each end.  The cylinder and semi-spherical shapes provide the strongest structural shape because the circular and spherical shapes provide for equal distribution of stresses throughout the inner area of the tank producing the highest safety available for high-pressure vessels.

The global CNG tank market is moderately fragmented, where Hexagon composites ASA (Norway), Luxfer group (U.K), Lianyungang ZhongfuLianzhong Composites Group Co., Ltd (China), Worthington Industries (U.S.), Quantum technologies (U.S.) captured majority of the market share in production and supply.

CNG Tank/Cylinder Market by Type (Type-1, Type-2, Type-3, Type-4), by Materials (Metal, Glass Fiber, Carbon Fiber), by End Use (Light Duty, Medium Duty, Heavy Duty), & Region - Trends and Forecast to 2020

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.3 Burning Issues

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Supply Chain Analysis
6.4 Raw Material Analysis
6.5 Porter’s Five Forces Analysis
6.5.1 Bargaining Power Of Suppliers
6.5.2 Bargaining Power Of Buyers
6.5.3 Threat of New Entrants
6.5.4 Threat of Substitutes
6.5.5 Degree of Competition

7 CNG Tank, By Type
7.1 Introduction
7.2 Type-1
7.3 Type-2
7.4 Type-3
7.5 Type-4

8 CNG Tank, By Material Type
8.1 Introduction
8.2 Metals
8.3 Glass Fiber Composites
8.4 Carbon Fiber Composites

9 CNG Tank Market, By End Use
9.1 Introduction
9.2 Light Duty Vehicle (LDV)
9.3 Medium Duty Vehicle (MDV)
9.4 Heavy Duty Vehicle (HDV)

10 CNG Tank Market, By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 U.K.
10.3.4 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia
10.5 Rest of The World
10.5.1 Brazil
10.5.2 Other Countries From Rest Of The World

11 Competitive Landscape
11.1 Introduction
11.2 Competitive Situation and Trends
11.3 New Product Launches
11.4 Acquisitions
11.5 Investments & Expansions
11.6 Partnerships, Agreements, & Collaborations

12 Company Profiles
12.1 Hexagon Composites Asa
12.2 Luxfer Group
12.3 Lianyungang Zhongfu Lianzhong Composites Group Co., Ltd
12.4 Worthington Industries
12.5 Quantum Technologies
12.6 Vem Group
12.7 Ullit
12.8 Faber Industries
12.9 Praxair

13 Appendix

List of Tables

Table 1 CNG Tank Market Size By Volume $Million, 2015–2020
Table 2 CNG Tank Market Size By Value, Kt, 2015–2020
Table 3 Impact Analyses of Drivers
Table 4 Impact Analyses of Restraints
Table 5 Impact Analyses of Opportunities
Table 6 Impact Analyses of Challenges
Table 7 CNG Tank Market Size, By Type, 2015-2020 ($Million)
Table 8 CNG Tank Market Size, By Type, 2015-2020 (Kt)
Table 9 Type-1 Tank Market, By Region, 2015-2020 ($Million)
Table 10 Type-1 Tank Market, By Region, 2015-2020 (Kt)
Table 11 Type-2 Tank Market, By Region, 2015-2020 ($Million)
Table 12 Type-2 Tank Market, By Region, 2015-2020 (Kt)
Table 13 Type-3 Tank Market, By Region, 2015-2020 ($Million)
Table 14 Type-3 Tank Market, By Region, 2015-2020 (Kt)
Table 15 Type-4 Tank Market, By Region, 2015-2020 ($Million)
Table 16 Type-4 Tank Market, By Region, 2015-2020 (Kt)
Table 17 CNG Tank Market Size, By Material Type, 2015-2020 ($Million)
Table 18 CNG Tank Market Size, By Material Type, 2015-2020 (Kt)
Table 19 Metal CNG Tank Market Size, By Region, 2015-2020 ($Million)
Table 20 Metal CNG Tank Market Size, By Region, 2015-2020 (Kt)
Table 21 Carbon Fiber CNG Tank Market Size, By Region, 2015-2020 ($Million)
Table 22 Carbon Fiber CNG Tank Market Size, By Region, 2015-2020 (Kt)
Table 23 Glass Fiber CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 24 Glass Fiber CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 25 CNG Tank Market Size, By End Use ($Million)
Table 26 CNG Tank Market Size, By End Use (Kt)
Table 27 Light Duty Vehicle, By Region, 2015-2020 ($Million)
Table 28 Light Duty Vehicle, By Region, 2015-2020 (Kt)
Table 29 Medium Duty Vehicle, By Region, 2015-2020 ($Million)
Table 30 Medium Duty Vehicle, By Region, 2015-2020 (Kt)
Table 31 Heavy Duty Vehicle, By Region, 2015-2020 ($Million)
Table 32 Heavy Duty Vehicle, By Region, 2015-2020 (Kt)
Table 33 North America: CNG Tank Market Size, By Country, 2015-2020 ($Million)
Table 34 North America: CNG Tankmarket Size, By Country, 2015-2020 (Kt)
Table 35 U.S.: CNG Tankmarket Size, By Application, 2015-2020 ($Million)
Table 36 U.S.: CNG Tankmarket Size, By Application, 2015-2020 (Kt)
Table 37 Canada: CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 38 Canada: CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 39 Mexico: CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 40 Mexico: CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 41 Europe: CNG Tank Market Size, By Country, 2015-2020 ($Million)
Table 42 Europe: CNG Tank Market Size, By Country, 2015-2020 (Kt)
Table 43 Germany: CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 44 Germany: CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 45 France: CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 46 France: CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 47 U.K.: CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 48 U.K.: CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 49 Rest of Europe: CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 50 Rest of Europe: CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 51 Asia-Pacific: CNG Tankmarket Size, By Country, 2015-2020 ($Million)
Table 52 Asia-Pacific: CNG Tank Market Size, By Country, 2015-2020 (Kt)
Table 53 China: CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 54 China: CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 55 Japan: CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 56 Japan: CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 57 India: CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 58 India: CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 59 Rest Of Asia-Pacific: CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 60 Rest Of Asia-Pacific: CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 61 Row: CNG Tank Market Size, By Country, 2015-2020 ($Million)
Table 62 Row: CNG Tank Market Size, By Country, 2015-2020 (Kt)
Table 63 Brazil: CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 64 Brazil: CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 65 Other Countries From Row: CNG Tank Market Size, By Application, 2015-2020 ($Million)
Table 66 Other Countries From Row: CNG Tank Market Size, By Application, 2015-2020 (Kt)
Table 67 New Product Launches
Table 68 Acquisitions
Table 69 Investments & Expansions
Table 70 Partnerships, Agreements, Joint Ventures & Collaborations
Table 71 Hexagon Composites Sa: Product & Their Applications
Table 72 Worthington: Product & Their Applications
Table 73 Lexfer Group: Product & Their Applications
Table 74 Lianzhong Composite Group Co. Ltd: Product & Their Applications
Table 75 Vem Group: Product & Their Applications
Table 76 Quantum Technologies: Product & Their Applications
Table 77 Ullit: Product & Their Applications
Table 78 Faber Industries: Product & Their Applications
Table 79 Praxair: Product & Their Applications

List of Figures

Figure 1 CNG Tank Market Segmentation
Figure 2 CNG Tank Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Break Down Of Primary Interviews: By Company Type, Designation & Region
Figure 6 Application Sector Is Set To Drive The Global CNG Tank Market
Figure 7 CNG Tank Regional Market Share (Value) & CAGR% (2015-2020)
Figure 8 Attractive Market Opportunities In CNG Tank Market, 2015-2020
Figure 9 Application Market Is Set To Drive The CNG Tank Market From 2015 To 2020
Figure 10 Type Accounts For The Largest Share In The Emerging Asia-Pacific Market
Figure 11 U.S. Commands The Market
Figure 12 Application Sector Will Continue To Dominate The North American Market In The Next Five Years
Figure 13 Country Is Estimated To Grow At A Higher Rate In Comparison To Other Nations
Figure 14 Application Industry Is Expected To Grow At Highest Pace from 2015 To 2020
Figure 15 North America Market Is Soon Expected To Enter In Maturity Period
Figure 16 Fast Development Of CNG Tank For Industry Applications
Figure 17 CNG Tank Market, By Type
Figure 18 CNG Tank Market, By Material Type
Figure 19 CNG Tank Market, By End Use
Figure 20 Drivers, Restraints, Opportunities & Challenges In CNG Tank Market
Figure 21 Value Chain Analysis
Figure 22 Supply Chain Analysis
Figure 23 Raw Material Analysis
Figure 24 Porter’s Five Forces
Figure 25 Asia-Pacific Is The Largest Market For CNG Tank 2015 Vs. 2020
Figure 26 Tank-1 Dominates The Market, 2015-2020
Figure 27 Europe Is The Largest Market For Tank-1, 2015-2020
Figure 28 CNG Tank Market Size, By End-User, 2015-2020 (Kt)
Figure 29 Asia-Pacific Is Expected To Drive The CNG Tank Market In End Use Segment, 2015-2020
Figure 30 Europe Is Expected To Drive The CNG Tank Market In Type-2 Industry, 2015-2020
Figure 31 CNG Tank Market Country-Wise CAGR, 2015-2020 (%)
Figure 32 Germany: Expected To Drive The European CNG Tank Market
Figure 33 Companies Adopted Key Growth Strategies Over The Last Three Years
Figure 34 CNG Tank Market Share, By Key Players, 2014
Figure 35 Collaborative Approach: Partnerships, Agreements, Joint Ventures & Collaborations Were The Key Strategies
Figure 36 Geographic Revenue Mix Of Top 5 Market Players
Figure 37 Hexagon Composite SA: Business Overview
Figure 38 SWOT Analysis
Figure 39 Worthington Industries: Business Overview
Figure 40 SWOT Analysis
Figure 41 Lexfer Group: Business Overview
Figure 42 SWOT Analysis
Figure 43 Vem Group: Business Overview
Figure 44 SWOT Analysis
Figure 45 Ullit: Business Overview
Figure 46 SWOT Analysis
Figure 47 Faber Industries: Business Overview
Figure 48 Praxair: Business Overview
Figure 49 Lianzhong Composites Group Co. Ltd: Business Overview

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