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The pressure vessels market size is forecast to increase by USD 43.8 billion at a CAGR of 4.37% between 2023 and 2028. The market is experiencing significant growth due to increasing demand for water and wastewater treatment applications and the expansion of the nuclear power sector. Additionally, the unpredictability in oil and gas prices continues to influence market trends. One material gaining traction is zirconium, known for its high strength and corrosion resistance, making it an ideal choice for harsh environments. Another emerging trend is the use of composite materials, such as carbon fiber reinforced polymers and fluoropolymers, which offer lightweight and durable solutions for pressure vessels. Furthermore, cast iron and reinforced concrete continue to be popular choices due to their cost-effectiveness and proven reliability.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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