Composite Cylinder Market

Global Composite Cylinder Market Size, Trends & Analysis - Forecasts to 2029 By Material Type (Glass Fiber, Carbon Fiber, Natural Fiber, High-density Polyethylene (HDPE), and Others), By Product Type (Type II, Type III, and Type IV), By End-use Industry (Aerospace & Defense, Wind Energy, Transportation, Construction & Infrastructure, Marine, Pipes & Tanks, Electrical & Electronics, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Energy & Power
Format
  • ms word
  • ms excel
  • ms ppt
  • pdf
This report was recently updated on September 27 2024 with the latest and most recent market numbers

Global Composite Cylinder Market Size

The global composite cylinder market is estimated to exhibit a CAGR of 6.8% from 2024 to 2029.

The primary factors propelling the market growth are the growing demand for composite gas tanks and lightweight cylinders in the automotive and transportation sectors and the shift towards using compressed natural gas (CNG) cylinders. Composite materials efficiently help the industry's aim of decreased emissions and greater fuel economy, driving the demand for composite gas tanks and lightweight cylinders. The composite cylinder industry responds to these demands with innovations in composite cylinder materials, such as advanced carbon fiber and fiberglass. The use of hydrogen storage cylinders in hydrogen-powered vehicles further emphasizes the importance of these lightweight and durable solutions. Moreover, diverse composite cylinder applications across different transportation modes highlight their versatility and growing market penetration. Ensuring composite cylinder safety through rigorous standards and testing enhances their appeal, making them a reliable choice for modern transportation needs. This synergy between technological advancement and industry requirements is a key driver for market growth. For instance, the International Energy Agency (IEA) has released its Global EV Outlook 2023 report, which includes data showing that the number of hydrogen fuel cell electric cars (FCEVs) on the road worldwide grew by 40% in 2022 compared to 2021, totaling more than 72,000 vehicles.

The increasing demand for composite pressure vessels, along with the growing need for high-pressure composite cylinders, are expected to support the market growth. High-pressure composite cylinders are essential for applications requiring safe and efficient storage of gases at high pressures, such as in the industrial, medical, and energy sectors. According to a comprehensive composite cylinder market analysis, this demand for composite pressure vessels is boosting market growth significantly. Rigorous composite cylinder testing ensures that these cylinders meet stringent composite cylinder standards and composite cylinder regulations, which are crucial for ensuring safety and reliability. The enhanced composite cylinder durability provided by advanced materials like carbon fiber and fiberglass also plays a critical role in their adoption.

The superior properties of carbon fiber cylinders and fiberglass composite cylinders, coupled with the advances in composite cylinder manufacturing processes, such as automated winding and resin transfer molding, propel market growth. Cutting costs, increasing product consistency, and increasing production efficiency are all achieved through innovative manufacturing processes that increase the accessibility of premium composite cylinders. The automation in manufacturing results in precision and uniformity, which maximizes composite cylinder benefits like increased strength-to-weight ratio and durability. Additionally, these advancements enable composite cylinder suppliers to meet the growing demand more effectively and deliver products with superior performance characteristics.

The need for strong, lightweight composite cylinders to store and carry gasses like hydrogen is increasing as the global population shifts toward renewable energy sources. These cylinders are essential for clean energy solutions and are opening up new market opportunities. Additionally, the usage of composite cylinders in self-contained breathing apparatus (SCBA) and other firefighting equipment is growing due to their high-pressure capacity, which improves firefighter mobility and safety.

However, stringent regulatory standards and certification requirements and limited raw material availability may impede market growth over the forecast period.

global composite cylinder market

Global Composite Cylinder Market: By Material Type

The glass fiber segment is expected to hold the largest share of the market over the forecast period. Regarding composite materials, glass fibers are more affordable and easily accessible than carbon fiber. This accessibility guarantees glass fiber composite cylinders at competitive prices and a steady supply chain.

The high-density polyethylene (HDPE) segment is expected to be the fastest-growing segment in the market from 2024 to 2029. HDPE provides a strong yet lightweight material choice for composite cylinders. Due to this feature, HDPE composite cylinders are appealing for uses where weight reduction is essential, such as medical equipment and portable gas storage for camping and outdoor sports.

Global Composite Cylinder Market: By Product Type

The type III segment is expected to hold the largest share of the market over the forecast period. Type III composite cylinders are lightweight and have a high strength-to-weight ratio. They can tolerate high internal pressures, which is why they are used to store compressed gases at high pressures in a variety of industries, including industrial gases and the automotive (like CNG cars) sectors.

The type IV segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029. To guarantee safe handling and operation, type IV composite cylinders are increasingly adopted as they include cutting-edge safety features such as burst disc assemblies, pressure release mechanisms, and impact-resistant exterior shells. In safety-critical applications, these safety characteristics improve type IV cylinders' dependability and market acceptability.

Global Composite Cylinder Market: By End-use Industry

The transportation segment is expected to hold the largest share of the market over the forecast period. Transportation vehicles with lighter loads use composite cylinders, improving fuel economy, increasing range, and lowering pollutants. This lightweight design is especially vital in the transportation industry, where automakers are more focused on satisfying strict fuel efficiency and emissions rules.

The aerospace and defense segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029. The aerospace and defense sectors have stringent guidelines for reducing weight to boost performance overall, expand cargo capacity, and improve fuel economy. In comparison to conventional metal cylinders, composite cylinders are significantly lighter, which makes them appealing for use in auxiliary power units (APUs), onboard gas storage, and aviation oxygen systems.

asia pacific composite cylinder market

Global Composite Cylinder Market: By Region

North America is expected to be the largest region in the global market. There is a growing need for composite cylinders in the region for both storage and transportation due to the increasing use of alternative fuels like hydrogen and compressed natural gas (CNG) in the transportation industry.

Asia Pacific is anticipated to witness rapid growth during the forecast period. The market growth is attributed to the Asia Pacific nations' significant investments in energy infrastructure, urban infrastructure, and transportation networks. These projects use composite cylinders for various purposes, including the storage of gases for power production, welding, and building, which supports market growth.

Global Composite Cylinder Market Share and Competitor Analysis

Time Technoplast Limited, Hexagon Composites ASA, AMS Composite Cylinders, Luxfer Gas Cylinders, Drägerwerk AG & Co. KGaA., Faber Industrie S.P.A., Dragerwerk, Worthington Cylinders, Sinoma, and Quantum Technologies, among others, are some of the key players in the global composite cylinder market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Composite Cylinder Market: Recent Developments

In March 2024, The Petroleum and Explosives Safety Organization approved Time Technoplast Limited as the first Indian company to manufacture a "high pressure type IV composite cylinder" for hydrogen storage.

In October 2023, Hexagon Composites SAS's business, Hexagon Digital Wave, and Compass Natural Gas, a leader in the compressed natural gas (CNG) delivery industry, partnered strategically to carry out the Modal Acoustic Emission (MAE) requalification of composite Type 4 cylinders used in mobile pipeline trailers in the northeastern United States.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL COMPOSITE CYLINDER MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2           Adjacent Market Opportunities

3.1.3           Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1           Market Drivers: Impact Analysis

3.2.2           Market Restraints: Impact Analysis

3.2.3           Market Opportunities: Impact Analysis

3.2.4           Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1           Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2           SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL COMPOSITE CYLINDER MARKET, BY MATERIAL TYPE

4.1   Introduction

4.2   Composite Cylinder Market: Material Type Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   Glass Fiber

4.4.1           Glass Fiber Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Carbon Fiber

4.5.1           Carbon Fiber Market Estimates and Forecast, 2021-2029 (USD Million)

4.6   Natural Fiber

4.6.1           Natural Fiber Market Estimates and Forecast, 2021-2029 (USD Million)

4.7   High-density Polyethylene (HDPE)

4.7.1           High-density Polyethylene (HDPE) Market Estimates and Forecast, 2021-2029 (USD Million)

4.8   Others

4.8.1           Others Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL COMPOSITE CYLINDER MARKET, BY END-USE INDUSTRY

5.1   Introduction

5.2   Composite Cylinder Market: End-use Industry Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   Aerospace & Defense

5.4.1           Aerospace & Defense Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   Wind Energy

5.5.1           Wind Energy Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   Transportation

5.6.1           Transportation Market Estimates and Forecast, 2021-2029 (USD Million)

5.7   Construction & Infrastructure

5.7.1           Construction & Infrastructure Market Estimates and Forecast, 2021-2029 (USD Million)

5.8   Marine

5.8.1           Marine Market Estimates and Forecast, 2021-2029 (USD Million)

5.9   Pipes & Tanks

5.9.1           Pipes & Tanks Market Estimates and Forecast, 2021-2029 (USD Million)

5.10 Electrical & Electronics

5.10.1        Electrical & Electronics Market Estimates and Forecast, 2021-2029 (USD Million)

5.11 Others

5.11.1        Others Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL COMPOSITE CYLINDER MARKET, BY PRODUCT TYPE

6.1   Introduction

6.2   Composite Cylinder Market: Product Type Scope Key Takeaways

6.3   Revenue Growth Analysis, 2023 & 2029

6.4   Type II

6.4.1           Type II Market Estimates and Forecast, 2021-2029 (USD Million)

6.5   Type III

6.5.1           Type III Market Estimates and Forecast, 2021-2029 (USD Million)

6.6   Type IV

6.6.1           Type IV Market Estimates and Forecast, 2021-2029 (USD Million)

7          GLOBAL COMPOSITE CYLINDER MARKET, BY REGION

7.1   Introduction

7.2   North America Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.1        By Material Type

7.2.2        By End-use Industry

7.2.3        By Product Type

7.2.4        By Country

7.2.4.1     U.S. Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.1.1        By Material Type

7.2.4.1.2        By End-use Industry

7.2.4.1.3        By Product Type

7.2.4.2     Canada Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.2.1        By Material Type

7.2.4.2.2        By End-use Industry

7.2.4.2.3        By Product Type

7.2.4.3     Mexico Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.3.1        By Material Type

7.2.4.3.2        By End-use Industry

7.2.4.3.3        By Product Type

7.3   Europe Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.1        By Material Type

7.3.2        By End-use Industry

7.3.3        By Product Type

7.3.4        By Country

7.3.4.1     Germany Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.1.1        By Material Type

7.3.4.1.2        By End-use Industry

7.3.4.1.3        By Product Type

7.3.4.2     U.K. Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.2.1        By Material Type

7.3.4.2.2        By End-use Industry

7.3.4.2.3        By Product Type

7.3.4.3     France Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.3.1        By Material Type

7.3.4.3.2        By End-use Industry

7.3.4.3.3        By Product Type

7.3.4.4     Italy Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.4.1        By Material Type

7.3.4.4.2        By End-use Industry

7.2.4.4.3        By Product Type

7.3.4.5     Spain Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.5.1        By Material Type

7.3.4.5.2        By End-use Industry

7.2.4.5.3        By Product Type

7.3.4.6     Netherlands Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.6.1        By Material Type

7.3.4.6.2        By End-use Industry

7.2.4.6.3        By Product Type

7.3.4.7     Rest of Europe Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.7.1        By Material Type

7.3.4.7.2        By End-use Industry

7.2.4.7.3        By Product Type

7.4   Asia Pacific Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.1        By Material Type

7.4.2        By End-use Industry

7.4.3        By Product Type

7.4.4        By Country

7.4.4.1     China Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.1.1        By Material Type

7.4.4.1.2        By End-use Industry

7.4.4.1.3        By Product Type

7.4.4.2     Japan Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.2.1        By Material Type

7.4.4.2.2        By End-use Industry

7.4.4.2.3        By Product Type

7.4.4.3     India Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.3.1        By Material Type

7.4.4.3.2        By End-use Industry

7.4.4.3.3        By Product Type

7.4.4.4     South Korea Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.4.1        By Material Type

7.4.4.4.2        By End-use Industry

7.4.4.4.3        By Product Type

7.4.4.5     Singapore Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.5.1        By Material Type

7.4.4.5.2        By End-use Industry

7.4.4.5.3        By Product Type

7.4.4.6     Malaysia Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.6.1        By Material Type

7.4.4.6.2        By End-use Industry

7.4.4.6.3        By Product Type

7.4.4.7     Thailand Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.7.1        By Material Type

7.4.4.7.2        By End-use Industry

7.4.4.7.3        By Product Type

7.4.4.8     Indonesia Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.8.1        By Material Type

7.4.4.8.2        By End-use Industry

7.4.4.8.3        By Product Type

7.4.4.9     Vietnam Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.9.1        By Material Type

7.4.4.9.2        By End-use Industry

7.4.4.9.3        By Product Type

7.4.4.10  Taiwan Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.10.1 By Material Type

7.4.4.10.2 By End-use Industry

7.4.4.10.3 By Product Type

7.4.4.11  Rest of Asia Pacific Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.11.1 By Material Type

7.4.4.11.2 By End-use Industry

7.4.4.11.3 By Product Type

7.5   Middle East and Africa Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.1        By Material Type

7.5.2        By End-use Industry

7.5.3        By Product Type

7.5.4        By Country

7.5.4.1     Saudi Arabia Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.1.1        By Material Type

7.5.4.1.2        By End-use Industry

7.5.4.1.3        By Product Type

7.5.4.2     U.A.E. Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.2.1        By Material Type

7.5.4.2.2        By End-use Industry

7.5.4.2.3        By Product Type

7.5.4.3     Israel Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.3.1        By Material Type

7.5.4.3.2        By End-use Industry

7.5.4.3.3        By Product Type

7.5.4.4     South Africa Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.4.1        By Material Type

7.5.4.4.2        By End-use Industry

7.5.4.4.3        By Product Type

7.5.4.5     Rest of Middle East and Africa Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.5.1        By Material Type

7.5.4.5.2        By End-use Industry

7.5.4.5.2        By Product Type

7.6   Central and South America Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.1        By Material Type

7.6.2        By End-use Industry

7.6.3        By Product Type

7.6.4        By Country

7.6.4.1     Brazil Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.1.1        By Material Type

7.6.4.1.2        By End-use Industry

7.6.4.1.3        By Product Type

7.6.4.2     Argentina Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.2.1        By Material Type

7.6.4.2.2        By End-use Industry

7.6.4.2.3        By Product Type

7.6.4.3     Chile Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.3.1        By Material Type

7.6.4.3.2        By End-use Industry

7.6.4.3.3        By Product Type

7.6.4.4     Rest of Central and South America Composite Cylinder Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.4.1        By Material Type

7.6.4.4.2        By End-use Industry

7.6.4.4.3        By Product Type

8          COMPETITIVE LANDCAPE

8.1   Company Market Share Analysis

8.2   Four Quadrant Positioning Matrix

8.2.1        Market Leaders

8.2.2        Market Visionaries

8.2.3        Market Challengers

8.2.4        Niche Market Players

8.3   Vendor Landscape

8.3.1        North America

8.3.2        Europe

8.3.3        Asia Pacific

8.3.4        Rest of the World

8.4   Company Profiles  

8.4.1        Time Technoplast Limited

8.4.1.1 Business Description & Financial Analysis

8.4.1.2 SWOT Analysis

8.4.1.3 Products & Services Offered

8.4.1.4 Strategic Alliances between Business Partners

8.4.2        Hexagon Composites ASA

8.4.2.1 Business Description & Financial Analysis

8.4.2.2 SWOT Analysis

8.4.2.3 Products & Services Offered

8.4.2.4 Strategic Alliances between Business Partners

8.4.3        AMS Composite Cylinders

8.4.3.1 Business Description & Financial Analysis

8.4.3.2 SWOT Analysis

8.4.3.3 Products & Services Offered

8.4.3.4 Strategic Alliances between Business Partners

8.4.4        Luxfer Gas Cylinders

8.4.4.1 Business Description & Financial Analysis

8.4.4.2 SWOT Analysis

8.4.4.3 Products & Services Offered

8.4.4.4 Strategic Alliances between Business Partners

8.4.5        Drägerwerk AG & Co. KGaA.

8.4.5.1 Business Description & Financial Analysis

8.4.5.2 SWOT Analysis

8.4.5.3 Products & Services Offered

8.4.5.4 Strategic Alliances between Business Partners

8.4.6        FABER INDUSTRIE S.P.A.

8.4.6.1 Business Description & Financial Analysis

8.4.6.2 SWOT Analysis

8.4.6.3 Products & Services Offered

8.4.6.4 Strategic Alliances between Business Partners

8.4.7        Dragerwerk  

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.8        Worthington Cylinders

8.4.8.1 Business Description & Financial Analysis

8.4.8.2 SWOT Analysis

8.4.8.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.9        Sinoma

8.4.9.1 Business Description & Financial Analysis

8.4.9.2 SWOT Analysis

8.4.9.3 Products & Services Offered

8.4.9.4 Strategic Alliances between Business Partners

8.4.10       Quantum Technologies

8.4.10.1 Business Description & Financial Analysis

8.4.10.2 SWOT Analysis

8.4.10.3 Products & Services Offered

8.4.10.4 Strategic Alliances between Business Partners

8.4.11      Other Companies

8.4.11.1 Business Description & Financial Analysis

8.4.11.2 SWOT Analysis

8.4.11.3 Products & Services Offered

8.4.11.4 Strategic Alliances between Business Partners

9          RESEARCH METHODOLOGY

9.1   Market Introduction

9.1.1        Market Definition

9.1.2           Market Scope & Segmentation

9.2   Information Procurement

9.2.1        Secondary Research

9.2.1.1 Purchased Databases

9.2.1.2 GMEs Internal Data Repository

9.2.1.3 Secondary Resources & Third Party Perspectives

9.2.1.4 Company Information Sources

9.2.2        Primary Research

9.2.2.1 Various Types of Respondents for Primary Interviews

9.2.2.2 Number of Interviews Conducted throughout the Research Process

9.2.2.3 Primary Stakeholders

9.2.2.4 Discussion Guide for Primary Participants

9.2.3        Expert Panels

9.2.3.1 Expert Panels Across 30+ Industry

9.2.4        Paid Local Experts

9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

9.3   Market Estimation

9.3.1        Top-Down Approach

9.3.1.1 Macro-Economic Indicators Considered

9.3.1.2 Micro-Economic Indicators Considered

9.3.2        Bottom Up Approach

9.3.2.1 Company Share Analysis Approach

9.3.2.2 Estimation of Potential Type Sales

9.4   Data Triangulation

9.4.1        Data Collection

9.4.2           Time Series, Cross Sectional & Panel Data Analysis

9.4.3        Cluster Analysis

9.5   Analysis and Output

9.5.1           Inhouse AI Based Real Time Analytics Tool

9.5.2           Output From Desk & Primary Research

9.6   Research Assumptions & Limitations

9.7.1        Research Assumptions

9.7.2        Research Limitations

LIST OF TABLES

1 Global Composite Cylinder Market, By Material Type, 2021-2029 (USD Mllion)

2 Glass Fiber Market, By Region, 2021-2029 (USD Mllion)      

3 Carbon Fiber Market, By Region, 2021-2029 (USD Mllion)  

4 Natural Fiber Market, By Region, 2021-2029 (USD Mllion) 

5 High-density Polyethylene (HDPE) Market, By Region, 2021-2029 (USD Mllion)     

6 Others Market, By Region, 2021-2029 (USD Mllion)

7 Global Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Mllion)

8 Aerospace & Defense Market, By Region, 2021-2029 (USD Mllion)

9 Wind Energy Market, By Region, 2021-2029 (USD Mllion)

10 Transportation Market, By Region, 2021-2029 (USD Mllion)            

11 Construction & Infrastructure Market, By Region, 2021-2029 (USD Mllion)        

12 Marine Market, By Region, 2021-2029 (USD Mllion)

13 Pipes & Tanks Market, By Region, 2021-2029 (USD Mllion)  

14 Electrical & Electronics Market, By Region, 2021-2029 (USD Mllion)        

15 Others Market, By Region, 2021-2029 (USD Mllion)

16 Global Composite Cylinder Market, By Product Type, 2021-2029 (USD Mllion)

17 Type II Market, By Region, 2021-2029 (USD Mllion)   

18 Type III Market, By Region, 2021-2029 (USD Mllion) 

19 Type IV Market, By Region, 2021-2029 (USD Mllion)  

20 Regional Analysis, 2021-2029 (USD Mllion)

21 North America Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

22 North America Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

23 North America Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

24 North America Composite Cylinder Market, By Country, 2021-2029 (USD Million)

25 U.S Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

26 U.S Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

27 U.S Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

28 Canada Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

29 Canada Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

30 Canada Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

31 Mexico Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

32 Mexico Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

33 Mexico Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

34 Europe Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

35 Europe Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

36 Europe Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

37 Europe Composite Cylinder Market, By Country 2021-2029 (USD Million)

38 Germany Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

39 Germany Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

40 Germany Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

41 U.K Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

42 U.K Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

43 U.K Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

44 France Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

45 France Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

46 France Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

47 Italy Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

48 Italy Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

49 Italy Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

50 Spain Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

51 Spain Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

52 Spain Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

53 Netherlands Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

54 Netherlands Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

55 Netherlands Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

56 Rest Of Europe Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

57 Rest Of Europe Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

58 Rest of Europe Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

59 Asia Pacific Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

60 Asia Pacific Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

61 Asia Pacific Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

62 Asia Pacific Composite Cylinder Market, By Country, 2021-2029 (USD Million)

63 China Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

64 China Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

65 China Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

66 India Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

67 India Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

68 India Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

69 Japan Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

70 Japan Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

71 Japan Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

72 South Korea Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

73 South Korea Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

74 South Korea Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

75 malaysia Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

76 malaysia Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

77 malaysia Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

78 Thailand Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

79 Thailand Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

80 Thailand Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

81 Indonesia Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

82 Indonesia Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

83 Indonesia Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

84 Vietnam Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

85 Vietnam Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

86 Vietnam Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

87 Taiwan Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

88 Taiwan Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

89 Taiwan Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

90 Rest of Asia Pacific Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

91 Rest of Asia Pacific Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

92 Rest of Asia Pacific Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

93 Middle East and Africa Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

94 Middle East and Africa Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

95 Middle East and Africa Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

96 Middle East and Africa Composite Cylinder Market, By Country, 2021-2029 (USD Million)

97 Saudi Arabia Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

98 Saudi Arabia Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

99 Saudi Arabia Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

100 UAE Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

101 UAE Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

102 UAE Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

103 Israel Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

104 Israel Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

105 Israel Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

106 South Africa Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

107 South Africa Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

108 South Africa Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

109 Rest of Middle East and Africa Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

110 Rest of Middle East and Africa Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

111 Rest of Middle East and Africa Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

112 Central and South America Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

113 Central and South America Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

114 Central and South America Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

115 Central and South America Composite Cylinder Market, By Country, 2021-2029 (USD Million)

116 Brazil Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

117 Brazil Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

118 Brazil Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

119 Argentina Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

120 Argentina Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

121 Argentina Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

122 Chile Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

123 Chile Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

124 Chile Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

125 Rest of Central and South America Composite Cylinder Market, By Material Type, 2021-2029 (USD Million)

126 Rest of Central and South America Composite Cylinder Market, By End-use Industry, 2021-2029 (USD Million)

127 Rest of Central and South America Composite Cylinder Market, By Product Type, 2021-2029 (USD Million)

128 Time Technoplast Limited: Products & Services Offering

129 Hexagon Composites ASA: Products & Services Offering  

130 AMS Composite Cylinders: Products & Services Offering 

131 Luxfer Gas Cylinders: Products & Services Offering          

132 Drägerwerk AG & Co. KGaA.: Products & Services Offering              

133 FABER INDUSTRIE S.P.A.: Products & Services Offering         

134 Dragerwerk: Products & Services Offering              

135 Worthington Cylinders: Products & Services Offering     

136 Sinoma, Inc: Products & Services Offering

137  Quantum Technologies: Products & Services Offering     

138 Other Companies: Products & Services Offering    

LIST OF FIGURES

1 Global Composite Cylinder Market Overview

2 Global Composite Cylinder Market Value From 2021-2029 (USD Mllion)

3 Global Composite Cylinder Market Share, By Material Type (2023)

4 Global Composite Cylinder Market Share, By End-use Industry (2023)

5 Global Composite Cylinder Market Share, By Product Type (2023)

6 Global Composite Cylinder Market, By Region (Asia Pacific Market)

7 Technological Trends In Global Composite Cylinder Market

8 Four Quadrant Competitor Positioning Matrix

9 Impact Of Macro & Micro Indicators On The Market

10 Impact Of Key Drivers On The Global Composite Cylinder Market

11 Impact Of Challenges On The Global Composite Cylinder Market

12 Porter’s Five Forces Analysis

13 Global Composite Cylinder Market: By Material Type Scope Key Takeaways

14 Global Composite Cylinder Market, By Material Type Segment: Revenue Growth Analysis

15 Glass Fiber Market, By Region, 2021-2029 (USD Mllion)       

16 Carbon Fiber Market, By Region, 2021-2029 (USD Mllion)

17 Natural Fiber Market, By Region, 2021-2029 (USD Mllion)    

18 High-density Polyethylene (HDPE) Market, By Region, 2021-2029 (USD Mllion) 

19 Others Market, By Region, 2021-2029 (USD Mllion)    

20 Global Composite Cylinder Market: By End-use Industry Scope Key Takeaways

21 Global Composite Cylinder Market, By End-use Industry Segment: Revenue Growth Analysis

22 Aerospace & Defense Market, By Region, 2021-2029 (USD Mllion)

23 Wind Energy Market, By Region, 2021-2029 (USD Mllion)    

24 Transportation Market, By Region, 2021-2029 (USD Mllion)  

25 Construction & Infrastructure Market, By Region, 2021-2029 (USD Mllion)

26 Marine Market, By Region, 2021-2029 (USD Mllion)   

27 Pipes & Tanks Market, By Region, 2021-2029 (USD Mllion)  

28 Electrical & Electronics Market, By Region, 2021-2029 (USD Mllion)           

29 Others Market, By Region, 2021-2029 (USD Mllion)    

30 Global Composite Cylinder Market: By Product Type Scope Key Takeaways

31 Global Composite Cylinder Market, By Product Type Segment: Revenue Growth Analysis

32 Type II Market, By Region, 2021-2029 (USD Mllion)    

33 Type III Market, By Region, 2021-2029 (USD Mllion)

34 Type IV Market, By Region, 2021-2029 (USD Mllion)  

35 Regional Segment: Revenue Growth Analysis

36 Global Composite Cylinder Market: Regional Analysis

37 North America Composite Cylinder Market Overview

38 North America Composite Cylinder Market, By Material Type

39 North America Composite Cylinder Market, By End-use Industry

40 North America Composite Cylinder Market, By Product Type

41 North America Composite Cylinder Market, By Country

42 U.S. Composite Cylinder Market, By Material Type

43 U.S. Composite Cylinder Market, By End-use Industry

44 U.S. Composite Cylinder Market, By Product Type

45 Canada Composite Cylinder Market, By Material Type

46 Canada Composite Cylinder Market, By End-use Industry

47 Canada Composite Cylinder Market, By Product Type

48 Mexico Composite Cylinder Market, By Material Type

49 Mexico Composite Cylinder Market, By End-use Industry

50 Mexico Composite Cylinder Market, By Product Type

51 Four Quadrant Positioning Matrix

52 Company Market Share Analysis

53 Time Technoplast Limited: Company Snapshot

54 Time Technoplast Limited: SWOT Analysis

55 Time Technoplast Limited: Geographic Presence

56 Hexagon Composites ASA: Company Snapshot

57 Hexagon Composites ASA: SWOT Analysis

58 Hexagon Composites ASA: Geographic Presence

59 AMS Composite Cylinders: Company Snapshot

60 AMS Composite Cylinders: SWOT Analysis

61 AMS Composite Cylinders: Geographic Presence

62 Luxfer Gas Cylinders: Company Snapshot

63 Luxfer Gas Cylinders: Swot Analysis

64 Luxfer Gas Cylinders: Geographic Presence

65 Drägerwerk AG & Co. KGaA.: Company Snapshot

66 Drägerwerk AG & Co. KGaA.: SWOT Analysis

67 Drägerwerk AG & Co. KGaA.: Geographic Presence

68 FABER INDUSTRIE S.P.A.: Company Snapshot

69 FABER INDUSTRIE S.P.A.: SWOT Analysis

70 FABER INDUSTRIE S.P.A.: Geographic Presence

71 Dragerwerk : Company Snapshot

72 Dragerwerk : SWOT Analysis

73 Dragerwerk : Geographic Presence

74 Worthington Cylinders: Company Snapshot

75 Worthington Cylinders: SWOT Analysis

76 Worthington Cylinders: Geographic Presence

77 Sinoma, Inc.: Company Snapshot

78 Sinoma, Inc.: SWOT Analysis

79 Sinoma, Inc.: Geographic Presence

80 Quantum Technologies: Company Snapshot

81 Quantum Technologies: SWOT Analysis

82 Quantum Technologies: Geographic Presence

83 Other Companies: Company Snapshot

84 Other Companies: SWOT Analysis

85 Other Companies: Geographic Presence

The Global Composite Cylinder Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Composite Cylinder Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Composite Cylinder Market.

Composite Cylinder Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Composite Cylinder Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Composite Cylinder Market Share

We value your investment and offer free customization with every report to fulfil your exact research needs.
This website is secure and your personal details are safe. Privacy
You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The global composite cylinder market is estimated to exhibit a CAGR of 6.8% from 2024 to 2029.
Time Technoplast Limited, Hexagon Composites ASA, AMS Composite Cylinders, Luxfer Gas Cylinders, Drägerwerk AG & Co. KGaA., Faber Industrie S.P.A., Dragerwerk, Worthington Cylinders, Sinoma, and Quantum Technologies, among others, are some of the key players in the global composite cylinder market.
The need for strong, lightweight composite cylinders to store and carry gasses like hydrogen is increasing as the globe shifts to renewable energy sources. These cylinders are essential for clean energy solutions and are opening up new market opportunities. Additionally, the usage of composite cylinders in self-contained breathing apparatus (SCBA) and other firefighting equipment is growing due to their high-pressure capacity, which improves firefighter mobility and safety.
The primary factors propelling the market growth are the growing demand for composite gas tanks and lightweight cylinders automotive and transportation sectors and the shift towards using compressed natural gas (CNG) cylinders. Additionally, the increasing demand for composite pressure vessels along with the growing need for high-pressure composite cylinders are expected to support the market growth.

Tailor made solutions just for you

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

OUR CLIENTS

  • Client of Global Market Estimates - Fedex
  • Client of Global Market Estimates - Samsung
  • Client of Global Market Estimates - Siemens
  • Client of Global Market Estimates - Lonza
  • Client of Global Market Estimates - DuPont
  • Client of Global Market Estimates - Medtronic
  • Client of Global Market Estimates - Toray
  • Client of Global Market Estimates - Signify
  • Client of Global Market Estimates - Teledyne
  • Client of Global Market Estimates - Trelleborg
  • Client of Global Market Estimates - Kikkoman Biochemifa
  • Client of Global Market Estimates - Leoni
  • Client of Global Market Estimates - Molnlycke
  • Client of Global Market Estimates - Spirent
  • Client of Global Market Estimates - Tokyo Electron Limited
  • Client of Global Market Estimates - Aranca
  • Client of Global Market Estimates - Asahi Kasei
  • Client of Global Market Estimates - Chimai
  • Client of Global Market Estimates - Grapsud
  • Client of Global Market Estimates - Horiba
  • Client of Global Market Estimates - Indorama
  • Client of Global Market Estimates - L&T
  • Client of Global Market Estimates - Integralife
  • Client of Global Market Estimates - Synamedia
  • Client of Global Market Estimates - Sorrento Therapeutics
  • Client of Global Market Estimates - Solenis
  • Client of Global Market Estimates - Sartorius