Composite Cylinder Market Expected to Reach $1.5 Billion by 2030

According to a new report published by Allied Market Research, titled, “Composite Cylinder Market," The composite cylinder market size was valued at $828.20 million in 2019, and is estimated to reach $1.5 billion by 2030, growing at a CAGR of 5.7% from 2025 to 2030.

Introduction

The global Composite Cylinder Market Analysis highlights the growing adoption of lightweight, high-strength cylinders across industries such as LPG, CNG, and hydrogen storage. It examines market trends, key players, and emerging opportunities driving demand worldwide. A composite cylinder is a pressure vessel constructed using advanced composite materials such as carbon fiber, glass fiber, or aramid fiber, usually reinforced with a resin matrix. Unlike traditional steel cylinders, composite cylinders are lighter in weight yet provide high strength and durability. They are designed to withstand extreme pressure while offering safety, efficiency, and ease of handling. Composite cylinders are widely used to store gases such as liquefied petroleum gas (LPG), compressed natural gas (CNG), hydrogen, oxygen, and other industrial or medical gases. They are increasingly replacing conventional steel cylinders in various industries ranging from energy and automotive to healthcare and aerospace due to their innovative design and material advantages. 

The Composite Cylinder Market Forecast Growth indicates a strong upward trend driven by rising demand in LPG, CNG, and hydrogen storage applications. Increasing adoption in automotive, aerospace, and energy sectors is expected to further accelerate market expansion over the coming years. The Composite Cylinder Market trends are shaped by increasing demand for lightweight, high-strength gas storage solutions across household, automotive, and industrial applications. The energy sector is one of the largest adopters of composite cylinders. They are extensively used for LPG storage and distribution, especially in residential and commercial industry. Composite LPG cylinders are lightweight, making them ideal for domestic households where portability and safety are key factors. In industrial energy applications, composite cylinders are used to store compressed natural gas (CNG) for fueling vehicles or industrial processes. With the growing global shift toward cleaner fuels, composite cylinders play a vital role in the storage and distribution of hydrogen, a future fuel for sustainable mobility and energy systems. The ability of composite cylinders to withstand extremely high pressures makes them suitable for hydrogen storage in both stationary and mobile applications. The Composite Cylinder Market Opportunities are expanding rapidly, driven by the rising demand for lightweight, high-strength gas storage solutions across automotive, industrial, and clean energy sectors.

Market Dynamics

Growth in demand for clean energy and LPG is expected to drive the growth of composite cylinder market in 2019. The Composite Cylinder Industry is witnessing rapid growth driven by increasing demand for lightweight, high-strength, and corrosion-resistant storage solutions across LPG, CNG, and hydrogen sectors. Composite cylinders have become a preferred alternative to conventional steel cylinders in this regard, mainly due to their enhanced safety, lightweight structure, and long service life. Composite cylinders are resistant to rust and chemical reactions, making them more durable in diverse climatic conditions. Their explosion-proof design and transparency for easy gas level checks add additional safety benefits for endusers, particularly in densely populated urban areas where safety is a priority. This aligns with the broader clean energy transition, as safer handling and storage solutions help accelerate LPG adoption in new markets. In February 2022, Indian Oil Corp. (IOC) announced plans to construct three new plants in Northeast India to increase its LPG bottling capacity by nearly 53% or to 8 crore cylinders annually by 2030 to meet the growing demand in the region. The total investment in the plant expansion is expected to range between $43- 46 million.

However, recycling and disposal challenges is expected to hamper the growth of composite cylinder market in 2019. One of the major restraints in the widespread adoption of composite cylinders is the challenge associated with their recycling and disposal. Unlike traditional steel cylinders, which can be easily recycled by melting and repurposing, composite cylinders are manufactured using a combination of fibers such as carbon or glass and polymer resins. This layered structure, while providing excellent strength and durability, makes the material difficult to separate and process at the end of its lifecycle. As a result, recycling facilities require specialized techniques such as thermal, chemical, or mechanical processes, which are often cost-intensive and not widely available. According to the Circularise Articles in 2025, global recycling capacity for composite waste (including cylinders) is under 100,000 tons, while European composite waste generation is projected to reach 683,000 tons annually, highlighting the scale of the challenge.

Segments Overview

The composite cylinder market is segmented into cylinder type, material type, tank type, end-use, and region. On the basis of cylinder type, the market is categorized into LPG, CNG, hydrogen, and oxygen. On the basis of material type, the market is categorized into aramid fiber composites, HDPE pipe/liner, glass fiber composite, and carbon fiber composites. On the basis of tank type, the market is classified into type II, type III, and type IV. On the basis of end-use, the market is categorized into transportation, life support, recreation, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of cylinder type, the hydrogen segment is expected to be the fastest growing segment in the composite cylinder market, at a CAGR of 7.7% from 2025 to 2030. Composite cylinders play a vital role in hydrogen storage applications, as hydrogen is increasingly being adopted as a clean energy carrier across mobility, industrial, and power generation sectors. Traditional metal cylinders, while robust, are heavy and limit storage capacity. Composite hydrogen cylinders, made using advanced materials such as carbon fiber, glass fiber, and resin matrices, offer a significant advantage by being lighter, stronger, and capable of withstanding high pressures.

On the basis of material type, the HDPE pipe/liner segment is expected to be the fastest growing segment in the composite cylinder market at a CAGR of 7.6% from 2025 to 2030. Composite cylinders are increasingly finding niche applications in HDPE pipe and liner systems, particularly where lightweight, high-strength, and corrosion-resistant materials are required for industrial, oil & gas, and infrastructure projects. One of the primary applications lies in relined and rehabilitated pipelines, where composite cylinders act as pressure-bearing units in combination with HDPE liners to handle higher pressures and aggressive media. While HDPE liners provide flexibility, abrasion resistance, and chemical inertness, the composite cylinder component contributes structural strength, reducing the need for metallic reinforcements that are prone to corrosion.

On the basis of tank type, the type II segment is expected to be the fastest growing segment in the composite cylinder market at a CAGR of 7.2% during the forecast period. Type II cylinders are metal-lined pressure vessels (with a steel or aluminum liner) that are reinforced with a composite hoop wrap (made of glass, aramid, or carbon fibers) over part of the cylinder. OEM product lines vary (e.g., Luxfer’s life-support and vehicle cylinder lines; Hexagon/Worthington product families for transport and hydrogen/CNG markets), and several safety/SCBA vendors (3M/Scott, Dräger) specify Type II or hybrid cylinders for breathing apparatus. These same suppliers supplied both steel-liner hoop-wrapped products for CNG and lighter carbon-reinforced variants for higher-pressure uses.

On the basis of end-use, the transportation segment is expected to be the fastest growing segment in the composite cylinder market at a CAGR of 7.8% during 2025-2030. Composite cylinders are increasingly being adopted in the transportation sector due to their lightweight properties, high strength, and safety advantages over traditional steel cylinders. These cylinders are primarily made from advanced materials such as carbon fiber, fiberglass, and resin composites, which allow for significant weight reduction without compromising pressure capacity. One of the most prominent applications is in compressed natural gas (CNG) and hydrogen-fueled vehicles, where composite cylinders serve as storage tanks for high-pressure gases. Compared to steel alternatives, they can reduce cylinder weight by up to 70%, enabling vehicles to carry more fuel or improve mileage.

Regional Analysis

By region, Asia-Pacific was the highest revenue contributor and fastest growing region in the composite cylinder market and is expected to witness a CAGR of 7.3% during the forecast period. Composite cylinder usage in the Asia-Pacific region has grown significantly over the past decade, driven by increasing demand for lightweight, durable, and safer alternatives to traditional steel cylinders. Countries such as India, China, Japan, South Korea, and Australia have been at the forefront of adopting composite cylinders, particularly in the household, automotive, and industrial sectors. Rising urbanization and growing middle-class populations in countries like India and China are creating higher demand for LPG cylinders for cooking, heating, and domestic purposes. Composite cylinders, being safer, corrosion-resistant, and easier to handle, are steadily replacing conventional steel cylinders in many households across the region.

Competitive Analysis

The major prominent players operating in the composite cylinder market share include Hexagon Ragasco AS, NPROXX, Amtrol-Alfa, Drägerwerk AG & Co. KGaA, EVAS, FABER INDUSTRIE SPA, Luxfer Gas Cylinders, Quantum Fuel Systems, Sinoma International Engineering Co., Ltd., and AMS Composite Cylinders, and others.

Key Market Insights

• On the basis of cylinder type, LPG dominated composite cylinder market, growing with the CAGR of 5.2% during the forecast period.
• On the basis of material type, the glass fiber composites segment was the most lucrative segment representing the CAGR of 5.5% during the forecast period.
• On the basis of tank type tank III dominated the composite cylinder market in 2919.
• On the basis of end-uses transportation segment dominated the composite cylinder market in 2019, growing with the CAGR of 4.7% during the forecast period.
• Region wise, Asia-Pacific dominated the market accounting for more than half of the market share in 2024.