Composite Cylinders market grows with demand for lightweight, durable storage in automotive, energy, and industrial sectors, driving expansion from 2026 to 2030.

According to TechSci Research, the “Composite Cylinders Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F” report states that the global Composite Cylinders market, valued at USD 1.14 billion in 2024, is projected to reach USD 1.54 billion by 2030, growing at a CAGR of 4.96%.

Infrastructure development in emerging economies is a major driver of the Composite Cylinders market. Rapid urbanization and industrialization in regions like Asia-Pacific, the Middle East, and Africa have increased the demand for efficient gas storage solutions. Composite cylinders are gaining popularity due to their lightweight, durability, and cost-effectiveness, making them ideal for applications such as residential cooking, industrial processes, and transportation.

The energy sector is also undergoing a transformation, with governments investing in clean energy infrastructure. Composite cylinders play a vital role in this transition by safely storing alternative fuels like compressed natural gas (CNG) and liquefied petroleum gas (LPG). Additionally, the growing adoption of hydrogen as a key energy source is further driving the demand for advanced composite storage solutions.

The construction industry is another key contributor to market growth, as it relies on durable and portable gas cylinders for various applications. Composite cylinders offer resistance to extreme weather conditions and have a long service life, making them a preferred choice in construction and industrial activities. Moreover, the entry of international manufacturers into these regions is increasing competition and innovation, ensuring high-quality composite cylinders are available at competitive prices.

For new entrants and small manufacturers, regulatory complexities pose a significant challenge. Obtaining certifications and approvals can cause delays, impacting time-to-market and raising operational costs. Additionally, evolving regulatory standards require continuous investment in research and development to ensure compliance. These regulatory hurdles can also affect end users by limiting the availability of composite cylinders in certain regions. To address this, industry stakeholders must collaborate with regulatory bodies to harmonize standards and streamline approval processes. Establishing industry associations and advocacy groups can help reduce regulatory bottlenecks and encourage innovation in the composite cylinder market.

Market Segmentation and Key Drivers

In 2024, the Industrial segment dominated the composite cylinders market and is expected to maintain its lead throughout the forecast period. This dominance is driven by strong demand for composite cylinders in industrial applications such as gas storage, transportation, and distribution. Industries like oil & gas, chemicals, and manufacturing require high-strength, lightweight, and pressure-resistant cylinders to safely store and transport gases such as natural gas, hydrogen, and propane.

Composite cylinders are preferred in these sectors due to their enhanced performance, lower weight compared to traditional steel cylinders, and superior safety features. The increasing push for sustainable energy and industrial decarbonization is further fueling the adoption of hydrogen cylinders, strengthening the industrial sector’s market share. Additionally, advancements in composite materials and the expansion of hydrogen infrastructure are expected to reinforce the industrial sector’s reliance on composite cylinders, ensuring its continued market dominance.

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Regional Growth Trends

North America is currently the fastest-growing region in the composite cylinders market. This growth is driven by technological advancements, a rising demand for clean energy solutions, and a strong industrial sector. The region has been a leader in adopting innovative technologies, especially in the automotive and energy industries.

A key factor driving demand is the growing need for hydrogen storage solutions as part of the clean energy transition. North America is heavily investing in hydrogen infrastructure, including refueling stations for fuel cell vehicles, which require high-pressure composite cylinders. This trend is expected to accelerate, further increasing demand for composite cylinders.

Additionally, North America’s strong industrial base supports market expansion. Industries such as oil & gas, chemicals, and manufacturing require high-performance cylinders for gas storage and transportation. The shift toward sustainable and energy-efficient solutions, including carbon capture and hydrogen storage, is also contributing to the increased adoption of composite cylinders.

Government incentives, regulations promoting clean energy technologies, and rising private-sector investments in renewable energy and hydrogen solutions are making North America an attractive market for composite cylinder manufacturers. This combination of technological advancements, industrial demand, and clean energy initiatives is positioning North America as the fastest-growing region in the composite cylinders 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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