According to the TechSci Research report titled “Composite Cylinders Market – Global Industry Size, Share, Trends, Competition Forecast Opportunities, 2030F,” the global composite cylinders market was valued at USD 1.14 billion in 2024 and is anticipated to reach USD 1.54 billion by 2030, growing at a CAGR of 4.96% during the forecast period.

Infrastructure Growth in Emerging Economies Fuels Demand

One of the primary drivers of growth in the composite cylinders market is the rapid pace of infrastructure development in emerging regions, including Asia-Pacific, the Middle East, and Africa. As these areas continue to urbanize and industrialize, the need for efficient, safe, and durable gas storage solutions is rising. Composite cylinders—known for their lightweight, corrosion resistance, and long life—are becoming increasingly preferred over traditional steel cylinders in residential, commercial, and industrial applications.

Composite cylinders are especially advantageous in emerging markets where logistical efficiency, safety, and affordability are key. Their lightweight nature reduces transport costs and allows for easier handling, while their robust construction supports long-term performance even in harsh environments. This makes them ideal for residential cooking, industrial gas applications, and fuel systems in public transportation.

Clean Energy Transition Boosts Composite Cylinder Demand

A major trend bolstering the composite cylinders market is the global shift towards cleaner energy sources. Many governments in developing economies are heavily investing in green infrastructure and are actively supporting alternative fuels such as compressed natural gas (CNG), liquefied petroleum gas (LPG), and hydrogen. Composite cylinders serve as vital storage solutions for these energy sources due to their superior performance in high-pressure applications and enhanced safety profiles.

Hydrogen adoption, in particular, is gaining momentum as countries look to decarbonize their transportation and industrial sectors. As hydrogen fuel cell vehicles and refueling infrastructure become more widespread, demand for high-pressure composite cylinders for hydrogen storage is expected to surge. These cylinders are essential for ensuring the safe storage and distribution of hydrogen, which has unique handling requirements due to its low density and high reactivity.

Industrial and Construction Applications Propel Market Expansion

The construction and industrial sectors are major contributors to market growth, particularly in developing regions. These sectors rely on portable and weather-resistant gas cylinders for applications such as cutting, welding, and heating. Composite cylinders offer significant advantages in these environments, including enhanced durability, resistance to harsh conditions, and longer operational lifespans.

Furthermore, the entry of international manufacturers into these emerging markets is stimulating competition and innovation. With more players offering high-quality, cost-effective solutions, end-users now have access to better technologies at competitive prices—further encouraging market adoption.

Regulatory Complexity Remains a Market Challenge

Despite positive growth drivers, the composite cylinders market faces challenges related to complex and evolving regulatory standards. Composite cylinders are subject to strict safety, performance, and certification regulations that vary across regions. Complying with these standards requires significant investment in testing and certification, which can delay product launches and increase costs.

For small manufacturers and new entrants, navigating these regulatory hurdles can be particularly burdensome. The uncertainty of evolving standards requires continuous investment in RD and compliance activities. These delays can also affect end-users, as inconsistent regulations may limit the availability of certified products in certain regions.

To overcome these challenges, industry collaboration with regulatory bodies is essential. Establishing global standards and streamlining approval processes would reduce barriers to entry and accelerate innovation. Forming industry associations and advocacy groups can also play a key role in promoting policy alignment and ensuring smooth market expansion.

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Segment Insights

By End User: Industrial Segment Leads the Market

In 2024, the industrial segment held the largest share of the composite cylinders market and is expected to retain its dominance throughout the forecast period. Industries such as oil gas, chemicals, and manufacturing have a strong need for lightweight, high-strength cylinders capable of withstanding high pressure during gas storage and transportation.

Composite cylinders are increasingly used for storing gases like natural gas, hydrogen, and propane, where reliability and safety are non-negotiable. The ongoing push for sustainable industrial practices, including decarbonization and adoption of clean fuels, further fuels the demand for composite cylinders. The rise of hydrogen-based industrial processes is a notable example, where composite technology enables safer and more efficient storage.

Moreover, advancements in composite materials and manufacturing techniques are enhancing the durability and cost-efficiency of cylinders, making them even more attractive for industrial users. This trend ensures that the industrial segment will remain a cornerstone of market growth.

Regional Insights

North America: The Fastest-Growing Region

North America is emerging as the fastest-growing region in the global composite cylinders market, supported by rapid technological advancements, clean energy initiatives, and a robust industrial base. The region is leading the transition toward hydrogen fuel and renewable energy, with significant investments in hydrogen infrastructure, including storage, transportation, and refueling stations for fuel cell vehicles.

Additionally, the region's well-developed industrial sectors—such as oil gas, chemicals, and automotive—are adopting composite cylinders to enhance operational efficiency and sustainability. There is also a strong consumer preference for high-performance, eco-friendly technologies, further fueling market demand.

Government incentives promoting green technologies, combined with rising private sector investments, make North America an attractive region for composite cylinder manufacturers. As infrastructure and innovation continue to evolve, North America is set to remain a key player in the global market.

Key market players in the Composite Cylinders Market are: -

Hexagon Composites ASA
FABER INDUSTRIE SPA
Luxfer Holdings PLC
Worthington Enterprises, Inc
Time Technoplast Ltd.
Beijing Jingcheng Machinery Electric Co,ltd.
Sinoma Science Technology Co.,Ltd.
Steelhead Composites, Inc
Aburi Composites
Supreme Industries Limited

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“The composite cylinders market is expected to experience robust growth in the future, driven by increasing demand for lightweight, durable, and safe gas storage solutions across industries. Key growth factors include the rising adoption of clean energy technologies, particularly hydrogen storage for fuel cells and renewable energy applications. The automotive sector’s shift towards compressed natural gas and hydrogen-powered vehicles will also boost demand.

Additionally, the industrial sector's need for efficient and safe gas transportation and storage solutions will continue to propel market expansion. Technological advancements, environmental regulations, and government incentives will further drive the growth of the composite cylinders market.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Composite Cylinders Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Material (Glass Fiber, Carbon Fiber, Others), By Tank Type (LPG Cylinders, CNG Cylinders, Hydrogen Cylinders, Others), By Application (Automotive Transportation, Aerospace Defense, Gas Storage, Others), By End-user (Residential, Commercial, Industrial), By Region Competition, 2020-2030F” has evaluated the future growth potential of Composite Cylinders Market and provides statistics information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Composite Cylinders Market.

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