Composite Cylinders Market

By Tank Type;

Type II, Type III and Type IV

By End Use;

Gas Carrier & Storage, Transportation, Life Support, Recreation and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn228929651 Published Date: September, 2025 Updated Date: October, 2025

Composite Cylinders Market Overview

Composite Cylinders Market (USD Million)

Composite Cylinders Market was valued at USD 956.69 million in the year 2024. The size of this market is expected to increase to USD 1,275.99 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.


Composite Cylinders Market

*Market size in USD million

CAGR 4.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.2 %
Market Size (2024)USD 956.69 Million
Market Size (2031)USD 1,275.99 Million
Market ConcentrationHigh
Report Pages359
956.69
2024
1,275.99
2031

Major Players

  • Luxfer Gas Cylinders
  • AMS Composite Cylinders
  • Hexagon Composites ASA
  • FABER INDUSTRIES S.P.A
  • Dragerwerk
  • Worthington Cylinders
  • Sinoma
  • Quantum Technologies
  • Aburi Composites
  • HITACHI
  • KOMATSU
  • Vektra Engineering Pvt. Ltd
  • Dragerwerk AG and Co. KGaA

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Composite Cylinders Market

Fragmented - Highly competitive market without dominant players


The Composite Cylinders Market is experiencing significant growth due to the increasing demand for lightweight, durable, and high-strength materials. Over 65% of end-users are adopting composite cylinders because they offer superior corrosion resistance, impact strength, and operational safety. The growing preference for advanced materials is fueling the rapid adoption of these solutions across various sectors.

Growing Adoption Across Industrial and Commercial Applications
The usage of composite cylinders is rising across industrial facilities, automotive workshops, and commercial establishments. Nearly 55% of manufacturers have integrated high-capacity composite cylinders to improve performance, reduce weight load, and enhance operational efficiency. This growing trend reflects the shift toward next-generation cylinder technologies for demanding applications.

Increasing Focus on Safety and Operational Efficiency
With safety being a critical factor, over 60% of companies are adopting composite cylinders equipped with explosion-proof designs, leak detection systems, and pressure control mechanisms. These solutions ensure reliable performance in high-pressure environments while reducing operational risks. The rising focus on energy efficiency and maintenance-friendly designs is driving wider market adoption.

Future Outlook for the Composite Cylinders Market
The future of the Composite Cylinders Market will be shaped by material innovations, smart monitoring technologies, and the rising demand for lightweight pressure solutions. With projected growth of over 45% in next-generation composite cylinders, manufacturers are focusing on improving durability, sustainability, and operational convenience. This evolution is expected to redefine gas storage systems and enhance industrial safety standards.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Tank Type
    2. Market Snapshot, By End Use
    3. Market Snapshot, By Region
  4. Composite Cylinders Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Lightweight and Portable Solutions

        2. Urbanization and Infrastructure Development

        3. Rising Demand for Clean Energy Solutions

      2. Restraints
        1. Safety Concerns

        2. Perceived Performance Limitations

      3. Opportunities
        1. Diverse Applications

        2. Increasing Adoption of Alternative Fuels

        3. Technological Advancements

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Composite Cylinders Market, By Tank Type, 2021 - 2031 (USD Million)
      1. Type II
      2. Type III
      3. Type IV
    2. Composite Cylinders Market, By End Use, 2021 - 2031 (USD Million)
      1. Gas Carrier & Storage
      2. Transportation
      3. Life Support
      4. Recreation
      5. Others
    3. Composite Cylinders Market, By Geography, 2021 - 2031 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia & New Zealand

        5. South Korea

        6. ASEAN (Association of South East Asian Countries)

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. Luxfer Holdings
      2. Hexagon Composites
      3. Worthington Industries
      4. Faber Industrie
      5. Aburi Composites
      6. Sinoma
      7. Ullit
      8. Time Technoplast
      9. Indoruss Synergy
      10. Quantum Technologies
      11. EKC International
      12. AMS Composite Cylinders
      13. ILJIN Hysolus
      14. Toyoda Gosei
      15. Hanwha Cimarron
    2. Analyst Views
    3. Future Outlook of the Market