-2 Market Analysis

The pressure vessels market is segmented by material, type, application and by end user. On the basis of material, the market is further segmented into steel, composites, polymers and other alloys, out of which the pressure vessels made of steel is estimated to hold the leading share owing to the beneficial properties of steel which is known to have adequate mechanical strength and current standards. Moreover, steel also offers a high impact resistance, especially for vessels used in low temperatures.

On the basis of type, the market is bifurcated into boilers, separators and nuclear reactors, out of which the boiler type registered the largest market share as it is required for various industrial processes, such as for sizing, bleaching, and others in textile industries and in sugar mills, cement, agricultural and chemical industries. A boiler is a closed container in which water is heated until the water turns into steam at a certain pressure.

Our in-depth analysis of the global market includes the following segments: