Global CNG Tank/Cylinder market cagr 15.9%

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CNG Tank/Cylinder Market

CNG Tank/Cylinder Market Scope: Industry Analysis,

Market Size, Growth, Trends Till 2031

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CNG Tank/Cylinder Market Size and Growth

The global CNG tank/cylinder market is witnessing significant growth due to increasing demand for cleaner energy sources in transportation. Market size is projected to reach $1.5 billion by 2025, driven by stringent emission regulations and rising adoption of natural gas vehicles. Key players include Hexagon Composites, Luxfer Group, and Everest Kanto Cylinder. Request Sample Report

Companies Covered

(Covid 19 Impact Covered)

◍ Sinomatech

◍ Everest Kanto Cylinders

◍ Worthington Industries

◍ Luxfer Group

◍ Hexagon Composites

◍ Beijing Tianhai Industry

◍ Rama Cylinders

◍ Quantum Technologies

◍ Faber Industrie

◍ Praxair Technologies

◍ CIMC ENRIC

◍ Lianzhong Composites

◍ Avanco Group

◍ Ullit

The CNG Tank/Cylinder Market is competitive with companies like Sinomatech, Everest Kanto Cylinders, Worthington Industries, Luxfer Group, Hexagon Composites, and others operating in the industry. These companies offer a range of products and services to support the growing demand for CNG tanks/cylinders, helping to expand the market.

- Sinomatech: $150 million

- Hexagon Composites: $300 million

- Luxfer Group: $250 million Request Sample Report

Market Segmentation

By Application

Passenger Vehicles

Commercial Vehicles

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By Product

Metal Material

Glass Fiber Composites Raw Materials

Carbon Fiber Composites Raw Materials

Market Growth

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$ X Billion USD

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Global CNG Tank/Cylinder market cagr 15.9% by ReportPrime - Issuu