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According to a new market report published by Lucintel, the future of composite CNG tanks in the global automotive industry looks attractive with increasing penetration of composite tanks and rising CNG-powered vehicle population. The composite CNG tank market is forecast to grow at a CAGR of 10.2% from 2015 to 2020. Composite CNG tanks are much lighter than their conventional counterparts, resulting in weight savings and more fuel storage capacity while providing an additional improvement in fuel economy of vehicles. The growth of the composite CNG tank market in the automotive industry is also driven by a rising number of natural gas vehicles. The demand for natural gas-powered vehicles is increasing, as most of the countries are focusing on reduction of carbon emission, and this demand is also accelerated by the availability of low-cost natural gas as compared to gasoline and diesel.

Heavy-duty vehicles are expected to generate a huge demand for composite CNG tanks, as many fleet operators are switching towards CNG-powered vehicles to reduce their operating cost. Significant growth in the demand for type-IV tank is expected due to the high pressure requirement to store an increasingly greater volume of gas, which also reduces the overall cost of transportation for fleet operators. Carbon fibers are expected to secure high attention from CNG tank manufacturers in the next five years; the present designs of CNG tanks make high use of glass fiber by volume.


Europe is expected to remain the largest market due to an increase in NGV population as well as high demand for lightweight tanks. In terms of regional market, North America is expected to depict the highest growth over the next five years and will remain a preferred destination for global giants owing to the development of new NGV vehicles backed by huge natural gas exploration activities.

For market expansion, the report suggests innovation and new product development, where the unique characteristics of CNG tanks can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and the development of low-cost solutions for end users. Emerging trends, which have a direct impact on the dynamics of the industry, include development of Type-V tanks wholly made of composite materials and evaluation of large tow carbon fiber for cost reduction.

The major players participating in this industry are Hexagon Composites, Luxfer Gas Cylinders, Faber Industrie, Beijing Tianhai Industry Co., Ltd. (BTIC), MCS International, xperion, and Quantum Technologies. There are some companies that are opting for M&A as a strategic initiative for driving growth.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the composite CNG tank market by tank type, vehicle type, raw material, and region and has come up with a comprehensive research report, “Growth Opportunities for Composite CNG Tanks in Global Automotive Industry 2015-2020: Trend, Forecast, and Competitive Analysis.” The Lucintel report serves as a springboard for growth strategies, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the composite CNG tank market through 2020, segmented by tank type, vehicle type, raw material, and region as follows:
By tank type [volume (thousand units) and $ million shipment from 2009 to 2020]-
Type-I Type-II Type-III Type-IV
By vehicle type [$ million shipment from 2009 to 2020]-
Light-Duty Vehicles Heavy-Duty Vehicles
By raw material type [volume (million pounds) and $ million shipment from 2009 to 2020]-
Glass Fiber Composites
Carbon Fiber Composites
By region [volume (million pounds) and $ million shipment from 2009 to 2020]-
North America Europe Asia Pacific Rest of the World

This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.

To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.

Some of the features of “Growth Opportunities for Composite CNG Tanks in Global Automotive Industry 2015-2020: Trend, Forecast, and Competitive Analysis” include:

Market size estimates: Growth opportunities for composite CNG tanks in global automotive industry size estimation in terms of volume (units) and value ($M) shipment. Trend and forecast analysis: Growth opportunities for composite CNG tanks in global automotive industry trend (2009-2014) and forecast (2015-2020) by region and segment. Segmentation analysis: Growth opportunities for composite CNG tanks in global automotive industry In term of tank types such as type- I, type- II, type- III and type- IV both in terms of volume and value shipment. Composite material demand by type, glass fiber and carbon fiber in ($M) and M lbs. Regional analysis: Growth opportunities for composite CNG tanks in global automotive industry breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of World. Growth opportunities: Analysis on growth opportunities in different applications and regions. Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of composite CNG tanks suppliers in global automotive industry. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table Of Contents

Growth Opportunities in Composite CNG Tanks for Global Automotive Industry 2015-2020
1. Executive Summary
2. CNG Tanks for Automotive Industry Background and Classification
2.1: Introduction2.2: Industry Classification
2.2.1: Steel Tanks or Type I Tanks
2.2.2: Composites Tanks
2.3: Markets Served
2.3.1: Light-Duty Vehicles
2.3.2: Heavy-Duty Vehicles
2.4:Manufacturing Process
2.5: Supply Chain
3. Market Trend and Forecast Analysis
3.1: Current market analysis
3.1.1: Global CNG tanks market by value and by volume
3.1.2: Regional markets for CNG tank by value and by volume
3.2: Market trend analysis
3.2.1: Macroeconomic trends
3.2.2: Global CNG tanks market by value and by volume
3.2.3: Global CNG market trend by type of tanks
3.2.4: Global composite CNG market trend by application
3.2.5: Global composite CNG tanks market by type of raw materials
3.2.6: Regional market trend for CNG tank by value and by volume
3.2.7: Industry drivers and challenges
3.3: Market forecast analysis
3.3.1; Macroeconomic forecasts
3.3.2; Global CNG tanks market by value and by volume
3.3.3: Forecast for global composite CNG tanks market by type of tank
3.3.4: Forecast for global composite CNG tanks market by applications
3.3.5: Forecast for global composite CNG tanks market by fiber type
3.3.6: Forecast for global composite CNG tanks market by regions
4. Competitor Analysis4.1: Product portfolio analysis
4.2: Market share analysis4.3; Geographical reach
4.4; Operational integration
4.5: Porter's Five Forces Analysis of composite CNG tanks market in global automotive industry
5. Growth Opportunity and Strategic Analysis
5.1: Growth opportunities analysis
5.2: Strategic analysis
5.2.1; New market entry
5.2.2: Expansion strategy
5.2.3: Mergers and acquisitions
5.2.4: Innovations
5.3: Emerging trends in composite CNG tanks market
11Growth Opportunities for Composite CNG Tanks in Global Automotive Industry 2014-20196.
CompanyProfiles of Leading Players
7. Customer Analysis
7.1: Customer in different segments
7.2: Customer's geographic reach
7.3; Major customer profiles
List of Figures
Chapter 2. CNG Tanks for Automotive Industry Background andClassification
Figure 2.1: Types of CNG tanks for automotive industryFigure
2.2: Typical weight range for 200 bar cylinders (source: US DOT)
Figure 2.3: Steel CNG fuel tank for vehicles (source: Global Bridge International)
Figure 2.4: Traditional steelCNG Tank Used in Vehicles (source: Cilbras)
Figure 2.5: Fiber reinforced CNG Tank
Figure 2.6: Type-II aluminum composites fuel tank (source: BTIC)
Figure 2.7: Composites penetration in type-II CNG tank
Figure 2.8: Carbon fiber composite CNG Fuel Type-III tank (source: Luxfer)
Figure 2.9: Composites penetration in type-III CNGtank
Figure 2.10: Sun bus loaded with 12 Type-IV CNG Fuel Tanks Mounted on Bus Roof
Figure 2.11: Composites penetration in type-IV CNG tank
Figure 2.12: Composites tanks with safety valves and fittings (source: Luxfer Dynetek
)Figure 2.13: Hydraulic pressure cycle testing in CNG tanks (source: Powertech Labs)
Figure 2.14: CNG permeation test in CNG Type-IV tank (source: Powertech Labs)
Figure 2.15: Historic CNG vehicle and equipment
Figure 2.16: 1932 Chrysler “Ironsides” powered by a mogas natural gas system
Figure 2.17: Toyota camry natural gas hybrid CNG vehicle (source: Toyota NGV)
Figure 2.18: A CNG-fueled taxi in IndiaFigure 2.19: 2007 Honda Civic GX with a 4-cylinderengine that runs on CNG
Figure 2.20: Iveco Stralis CNG waste disposal truck (Source: Iveco)
Figure 2.21: Renault CNG gas truck (Source: Renault)
Figure 2.22: Mercedes-Benz econic refuels from a biogas dispenser (Source: Mercedes)
Figure 2.23: Mercedes-Benz urban bus --the Citaro CNG(source: Mercedes)
Figure 2.24: Filament winding process of manufacturing CNG tanks
Figure 2.25: Fiber raw materialsFigure 2.26: Impregnation bath/epoxy resin
Figure 2.27: Filament winding
Figure 2.28: Curing oven
Figure 2.29: Supply chain of CNG tank market with key players
Chapter 3. Market Trend and Forecast Analysis
Figure 3.1: Global CNG tanks market ($M) distribution by type in 2013
Figure 3.2: Global CNG tanks market ($M) by type in 2013
Figure 3.3: Global CNG tanks market (thousand units) distribution by type in 2013
Figure 3.4: Global CNG tanks market (thousand units) by type in 2013
12Growth Opportunities for Composite CNG Tanks in Global Automotive Industry 2014-2019
Figure 3.5: Composite consumption (Mpounds) distribution in global CNGtanks market by type in 2013
Figure 3.6: Composite consumption (M Pounds) in global CNG tanks market by type in 2013
Figure3.7: Global composite CNG tanks market ($M) distribution by application in 2013
Figure 3.8: Global composite CNG tanks market ($M) by application in 2013
Figure 3.9:Composites consumption ($M) distribution in global CNG tanks market by fiber type in 2013
Figure 3.10: Composites consumption ($M) in global CNG tanks market by fiber type in 2013
Figure 3.11:Composites consumption (MPounds) distribution in global CNGtanks market by fiber type in 2013
Figure 3.12: Composites consumption (M Pounds) in global CNG tanks market by fiber type in 2013
Figure 3.13: Composite CNG tanks market ($ M) distribution by region in 2013
Figure 3.14: Composite CNG tanks market ($ M) by region in 2013
Figure 3.15: Composite CNG tanks market (thousand units) distribution by region in 2013
Figure 3.16: Composite CNG tanks market (thousand units) by region in 2013
Figure 3.17: Global GDP growth rate trend
Figure 3.18: Regional GDP growth rate trend at constant price
Figure 3.19: Natural gas vehicle penetration in global automotive production (Munits) in 2013
Figure 3.20: Global natural gas vehicles (M Units) trend (cumulative) during 2008-2013
Figure 3.21: Global natural gas vehicles (M Units) trend (annual) during 2008-2013
Figure 3.22: Light-Duty natural gas vehicle (thousand units) trend during 2008-2013
Figure 3.23: Light-Duty CNG vehicles market (thousand units) trend during 2008-2013
Figure 3.24: Heavy-Duty natural gas vehicles market (thousands units) trend during 2008-2013
Figure 3.25: Heavy-Duty CNG vehicles market (thousand units) trend during2008-2013
Figure 3.26: Other Natural gas vehicles market (thousand units) trend during 2008-2013
Figure 3.27: Other CNG vehicles market (thousand units) during 2008-2013
Figure 3.28: Top Five NGV populated countries in 2013 (source: IANGV
)Figure 3.29: Penetration of CNG vehicles (million units) in total NGVindustry in 2013
Figure 3.30: Comparison of average prices of retail fuels in the USduring 2008-2013
Figure 3.31: Global CNG tanks market trend during 2008-2013
Figure 3.32: Global composite CNG tanks market trend during 2008-2013
Figure 3.33: Composite consumption trend in global CNGmarket during 2008-2013
Figure 3.34: Global CNG tanksmarket ($ M) trend by type during 2008-2013
Figure 3.35: Global CNG tanks market (thousand units) trend by type during2008-2013
Figure 3.36: Global composite CNG tanks market ($ M) Trend by type during 2008-2013Figure 3.37: Global composite CNG tanks market (Thousand Units) trend by type during 2008-2013Figure 3.38: Composite consumption (MPounds) trend in global CNGtanks market by type during 2008-2013Figure 3.39: CAGR of composite CNG tanks market by type during 2008-2013Figure 3.40: Global composite CNG tanks market ($M) trend by application during 2008-2013Figure 3.41: CAGR of composite CNGtanks market by application during 2008-2013Figure 3.42: Composite consumption in CNG tanks market ($M) by type of fiber during 2008-2013

)13Growth Opportunities for Composite CNG Tanks in Global Automotive Industry 2014-2019
Figure 3.43: Composite consumption in CNG tank market (Mpounds) by type of fiber during 2008-2013
Figure 3.44: CAGR of composite consumption in global CNGtanks market by type of fiber during 2008-2013
Figure 3.45: Composite CNG tanks market ($ million) by region during 2008-2013
Figure 3.46: Composite CNG tanks market (thousand units) by region during 2008-2013
Figure 3.47: CAGR of composite CNG tanks market by region during 2008-2013
Figure 3.48: Drivers and challenges in global CNG tanks market
Figure 3.49: Global GDP growth rate forecast
Figure 3.50: Global natural gas vehicles (M Units) forecast (cumulative) during 2014-2019
Figure 3.51: Global natural gas vehicles (M Units) forecast (annual) during 2014-2019
Figure 3.52: Light-Duty natural gas vehicle (thousand units) forecast during 2014-2019
Figure 3.53: Light-Duty CNG vehicles market (thousand units) forecast during 2014-2019
Figure 3.54: Heavy-Duty natural gas vehicle (thousand units) forecast during 2014-2019
Figure 3.55: Heavy-Duty CNG vehicles market (thousand units) forecast during 2014-2019
Figure 3.56: Penetration of CNG vehicles (M units) in total NGVindustry 2019
Figure 3.57: Price forecast for alternative fuels during 2014-2019 (source: World Bank commodity price forecast)Figure 3.58: Global CNG tanks market forecast during 2014-2019
Figure 3.59: Global composite CNG tanks market forecast during 2014-2019
Figure 3.60: Composite consumption forecast in global composite CNGtanks market during 2014-2019
Figure 3.61: Global CNG tanks market ($M) forecast by type during 2014-2019
Figure 3.62: Global CNG tanks market (thousand units) forecast by type during 2014-2019
Figure 3.63: Global composite CNG tanks market ($M) forecast by type during 2014-2019
Figure 3.64: Global composite CNG tanks market (thousand units) forecast by type during 2014-2019
Figure 3.65: Composite consumption (M pounds) forecast in global CNG tanks market by type during 2014-2019
Figure 3.66: CAGR of composite CNG tanks market by type during 2014-2019
Figure 3.67: Global composite CNG tanks market ($M) forecast by application during 2014-2019
Figure 3.68: CAGRof composite CNG tanks market by application during 2014-2019
Figure 3.69: Composite consumption in CNG tank market ($M) by fiber type during 2014-2019
Figure 3.70: Composite consumption (M Pounds) in composite CNG tanks market by fiber type during 2014-2019
Figure 3.71: CAGR of composite consumption in CNGtanks market by fiber types during 2014-2019
Figure 3.72: Composite CNG tanks market ($M) by region during 2014-2019
Figure 3.73: Composite CNG tanks market (thousand units) by region during 2014-2019
Figure 3.74: CAGR of composite CNG tanks market by region during 2014-2019Chapter
4. CompetitorAnalysis
Figure 4.1: Market share analysis of composites CNG tanks market 2013 ($M)
Figure 4.2: Market share analysis of composites CNG type-II tank market 2013 ($M)
Figure 4.3: Market share analysis of composites CNG type-III tank market 2013 ($M)
14Growth Opportunities for Composite CNG Tanks in Global Automotive Industry 2014-2019
Figure 4.4: Market share analysis of composites CNG type-IV tank market 2013 ($M)
Figure 4.5: Geographical footprint of composite CNGtank manufacturers
Figure 4.6: Market coverage matrix for global composite CNG tanks market
Figure 4.7: Porter's Five Forces Model for global composite CNGtanks market
Chapter 5. Growth Opportunity and StrategicAnalysis
Figure 5.1: Growth opportunities in Global CNG tanks market by type 2014-2019
Figure 5.2: Growth opportunities in CNG tank market by region 2014-2019
Figure 5.3: Growth opportunities for composite materials in global CNG tanks market 2014-2019
Figure 5.4: Major capacity expansion in composite CNGtanks market by major players
Figure 5.5: Emerging trends in composite CNG tanks market
Figure 5.6: Kiboko liner-less composites CNG pressure vessel
Figure 5.7: Energtek demonstrationof CNG lite technology Chapter7. Customer Analysis
Figure 7.1: Major OEMs in global natural gas vehicle market
Figure 7.2: Geographical footprint of customers of composite CNGtanks market
List of Tables
Chapter 1. Executive Summary
Table 1.1: Market parameters for global composites CNGtank market and attributes of usageChapter 2. CNG Tanks for Automotive Industry Background and Classification
Table 2.1: Comparative data of CNG tanks used for automotive applications
Table 2.2: Competing materials' presence across different types of tanks
Table 2.3: Range of fiber mechanical properties (source: international gas union report)
Chapter 3.Market Trend and Forecast Analysis
Table 3.1: Market trends (2008-2013) in global CNG tanks shipment
Table 3.2: Average growth rates for one, three, and five years in global CNG
tanks market in terms of $ shipmentTable 3.3: Market trends in global composite CNG tanks shipment
Table 3.4: Average growth rates for one, three, and five years in global composite CNGtanks market in terms of $ shipment
Table 3.5: Market Forecast (2014-2019) in global CNG tanks shipment
Table 3.6: Average Growth rates for one, three, and five years in global CNGtanks market in terms of $ shipment
Table 3.7: Market forecast in global compositeCNG tanks shipment
Table 3.8: Average growth rates for one, three, and five years in global composite CNGtanks market in terms of $ shipmentChapter 4. CompetitorAnalysis
Table 4.1: Composite CNG tank manufacturers in automotive industry product details
Table 4.2: Product mapping of composite CNGtank manufacturers in automotive industry based on type of tanks

5Growth Opportunities for Composite CNG Tanks in Global Automotive Industry 2014-2019
Table 4.3: Product mapping of composite CNGtank manufacturers in automotive industry based on type of vehicles
Table 4.4: Composite CNG tank manufacturers with their headquarter location
Table 4.5: Presence of composite CNG tank manufacturers across the value chain
Chapter 5.Growth Opportunity and Strategic Analysis
Table 5.1: New players in composite CNG tanks market
Table 5.2: Innovations in composite CNG tanks market
Chapter 7. Customer Analysis
Table 7.1: Major customers/end users of composite CNGtanks for different market segmentsTable 7.2: Recent developments in natural gas vehicles

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