According to a market report by Lucintel, the future of the composite CNG tanks in the global automotive market looks promising with opportunities in the applications. The composite CNG tanks in the global automotive market is expected to reach an estimated $1 billion by 2030 at a CAGR of 1% from 2023 to 2030. The major drivers for this market are increasing demand for green vehicles, strict emission regulations and technological advancements in composites.
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CNG tanks in the global automotive market.
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