복합 실린더 시장 규모, 점유율, 성장, 세계 산업 분석 : 유형별, 용도별, 지역별 인사이트, 예측(2026-2034년)

Growth Factors of composite cylinder Market

The global composite cylinder market is projected to grow steadily, driven by the increasing adoption of lightweight, durable, and high-pressure resistant cylinders across diverse sectors. The market was valued at USD 1.38 billion in 2025, expected to reach USD 1.45 billion in 2026, and projected to grow to USD 2.31 billion by 2034, registering a CAGR of 5.72% during the forecast period. Composite cylinders, consisting of multiple layers of wound materials combined with resin over a metallic or non-metallic liner, are widely used in aerospace, defense, transportation, and industrial applications due to their safety, reliability, and weight advantages.

Market Dynamics

Drivers:

The market is driven by increasing preference for composite cylinders in transport, aerospace & defense, and healthcare industries. Type II, III, and IV cylinders are highly sought after due to their lightweight, corrosion resistance, high-pressure handling capabilities, and excellent chemical resistance. Hexagon Purus, a subsidiary of Hexagon Composites, has been awarded contracts to produce high-performance Type IV composite pressure vessels for aerospace applications, highlighting the market's reliance on innovative, safe, and high-performance products.

Technological advancements also propel market growth. For example, in April 2024, Hexagon Ragasco and Linde launched the Linktra Smart cylinder, featuring IoT connectivity, allowing users and distributors to monitor gas levels and consumption patterns, enhancing logistics and efficiency.

Restraints:

High manufacturing costs of composite cylinders compared to traditional metal cylinders remain a barrier. A 5 kg composite FTL cylinder costs approximately USD 30.17, almost double the cost of conventional metal cylinders in developing regions. This pricing challenge slows adoption, particularly in cost-sensitive emerging markets.

Opportunities:

The automotive industry offers substantial growth potential. Composite cylinders help reduce vehicle weight, improving fuel efficiency and supporting sustainability initiatives. Manufacturers are expanding product portfolios to meet rising demand for lightweight, safe, and environmentally friendly cylinder solutions.

Challenges:

Limited awareness and adoption in emerging markets, particularly in Africa and parts of Asia, constrain growth. Traditional metal cylinder manufacturers hold established market positions and benefit from economies of scale, making penetration by composite cylinder producers more difficult.

Market Trends

The growing interest in hydrogen as a clean energy source is a notable trend. Hydrogen storage requires high-pressure, durable containers to prevent leakage and embrittlement, creating increased demand for high-strength composite cylinders. Type IV cylinders are particularly favored in transportation applications such as buses, trucks, and fuel cell vehicles due to their lightweight and high volume-to-weight ratio.

Impact of COVID-19

The COVID-19 pandemic had a minimal overall impact on the composite cylinder market. Industrial activity slowed, but demand for medical gases, including oxygen therapy cylinders, surged. Companies such as Luxfer Gas Cylinders introduced Non-Limited Life (NLL) medical cylinders to support healthcare needs during the pandemic, highlighting the critical role of composite cylinders in medical applications.

Segmentation Analysis

By Tank Type:

• Type III: Fully wrapped cylinders with metal liners, dominated the market in 2024 with 0.63% share, offering lightweight, robust, and high-pressure capabilities.
• Type IV: Fastest-growing segment, widely used in transportation due to lightweight, corrosion resistance, and high volume efficiency.

By Material Type:

• Carbon: Dominates with 55.45% market share in 2026, ideal for high-pressure applications while reducing weight by up to 70%.
• HDPE: Second-largest segment, adopted in residential and transportation sectors for its corrosion-free and lightweight properties.
• Aramid and Others: Niche applications requiring specialized strength and performance.

By Gas Type:

• Industrial Gases: Leading segment with 84.42% share in 2026, used in transportation, aerospace, and industrial processes.
• Medical Gases: Includes oxygen, nitric oxide, nitrous oxide, and medical air, expected CAGR of 4.72% during forecast.

By End-User:

• Aerospace & Defense: Dominant with 38.34% market share in 2026, critical for aircraft, drones, military equipment, and space applications.
• Industrial: Second-largest segment, essential for safe gas storage and transport.
• Transportation: Fastest-growing with CAGR 8.46%, driven by fuel-efficient and CNG-powered vehicles.
• Healthcare and Others: Emerging applications supporting medical gas storage and industrial safety.

Regional Outlook

North America: Market USD 0.59 billion in 2025, led by technological adoption and aerospace applications. U.S. market expected at USD 0.54 billion in 2026.

Europe: Market USD 0.4 billion in 2026, driven by transportation and CNG adoption. U.K. USD 0.07 billion, Germany USD 0.09 billion, France USD 0.02 billion in 2025.

Asia Pacific: Market USD 0.27 billion in 2026, supported by rising CNG vehicle adoption and healthcare infrastructure. China USD 0.09 billion, India USD 0.03 billion, Japan USD 0.04 billion.

Latin America: Emerging growth due to NGVs and light-weight cylinder adoption.

Middle East & Africa: Market USD 0.09 billion in 2026, driven by consumer interest in safe, lightweight LPG composite cylinders. GCC market USD 0.04 billion in 2025.

Competitive Landscape

Key players include Hexagon Group, Time Technoplast, Aburi Composites, Evas, Luxfer Gas Cylinders, Quantum Fuel Systems, Sinoma, Worthington Cylinder, BTIC America Corp, and others. Notable developments include:

• Hexagon Ragasco (2023-2024): Launched IoT-enabled smart cylinders.
• Time Technoplast (2024): Approved by PESO to manufacture Type-IV hydrogen cylinders in India.
• Hexagon Purus (2023): Established Type-IV hydrogen cylinder manufacturing facility in Germany.

Conclusion

The Composite Cylinder Market is expected to grow from USD 1.38 billion in 2025 to USD 2.31 billion by 2034, driven by industrial, aerospace, defense, and transportation demand. Technological advancements, adoption of lightweight materials like carbon composites, IoT-enabled cylinders, and rising hydrogen and CNG applications will continue to fuel market expansion. Despite challenges such as high costs and limited awareness in emerging markets, the increasing emphasis on energy efficiency, safety, and environmental sustainability ensures a robust growth trajectory for composite cylinders globally.

Segmentation By Tank Type, By Material Type, By Gas Type, By End User, and By Region

Segmentation By Tank Type

• Type II
• Type III
• Type IV

By Material Type

• HDPE
• Carbon
• Aramid
• Others

By Gas Type

• Industrial Gases
• Medical Gases
• Others

By End User

• Industrial
• Transportation
• Aerospace & Defense
• Healthcare
• Others

By Region

• North America (By Tank Type, By Material Type, By Gas Type, By End User and By Country)
  • U.S. (By Gas Type)
  • Canada (By Gas Type)
• Europe (By Tank Type, By Material Type, By Gas Type, By End User and By Country)
  • U.K. (By Gas Type)
  • Germany (By Gas Type)
  • France (By Gas Type)
  • Italy (By Gas Type)
  • Spain (By Gas Type)
  • Russia (By Gas Type)
  • Rest of Europe (By Gas Type)
• Asia Pacific (By Tank Type, By Material Type, By Gas Type, By End User and By Country)
  • China (By Gas Type)
  • India (By Gas Type)
  • Japan (By Gas Type)
  • Australia (By Gas Type)
  • Southeast Asia (By Gas Type)
  • Rest of Asia Pacific (By Gas Type)
• Latin America (By Tank Type, By Material Type, By Gas Type, By End User and By Country)
  • Brazil (By Gas Type)
  • Mexico (By Gas Type)
  • Rest of Latin America (By Gas Type)
• Middle East & Africa (By Tank Type, By Material Type, By Gas Type, By End User and By Country)
  • GCC (By Gas Type)
  • South Africa (By Gas Type)
  • Rest of the Middle East & Africa (By Gas Type)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions & Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Emerging Trends - For Major Countries
• 4.2. Latest Technological Advancement
• 4.3. Insight on Regulatory Landscape
• 4.4. Porters Five Forces Analysis
• 4.5. Impact of COVID-19 on the Global Composite Cylinder Market

5. Global Composite Cylinder Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 5.1. Key Findings
• 5.2. Market Analysis, Insights, and Forecast - By Tank Type
  • 5.2.1. Type II
  • 5.2.2. Type III
  • 5.2.3. Type IV
• 5.3. Market Analysis, Insights, and Forecast - By Material Type
  • 5.3.1. HDPE
  • 5.3.2. Carbon
  • 5.3.3. Aramid
  • 5.3.4. Others
• 5.4. Market Analysis, Insights, and Forecast - By Gas Type
  • 5.4.1. Industrial Gases
  • 5.4.2. Medical Gases
  • 5.4.3. Others
• 5.5. Market Analysis, Insights, and Forecast - By End-User
  • 5.5.1. Industrial
  • 5.5.2. Transportation
  • 5.5.3. Aerospace & Defense
  • 5.5.4. Healthcare
  • 5.5.5. Others
• 5.6. Market Analysis, Insights, and Forecast - By Region
  • 5.6.1. North America
  • 5.6.2. Europe
  • 5.6.3. Asia Pacific
  • 5.6.4. Latin America
  • 5.6.5. Middle East & Africa

6. North America Composite Cylinder Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 6.1. Key Findings
• 6.2. Market Analysis, Insights, and Forecast - By Tank Type
  • 6.2.1. Type II
  • 6.2.2. Type III
  • 6.2.3. Type IV
• 6.3. Market Analysis, Insights, and Forecast - By Material Type
  • 6.3.1. HDPE
  • 6.3.2. Carbon
  • 6.3.3. Aramid
  • 6.3.4. Others
• 6.4. Market Analysis, Insights, and Forecast - By Gas Type
  • 6.4.1. Industrial Gases
  • 6.4.2. Medical Gases
  • 6.4.3. Others
• 6.5. Market Analysis, Insights, and Forecast - By End-User
  • 6.5.1. Industrial
  • 6.5.2. Transportation
  • 6.5.3. Aerospace & Defense
  • 6.5.4. Healthcare
  • 6.5.5. Others
• 6.6. Market Analysis, Insights, and Forecast - By Country
  • 6.6.1. U.S. Market Analysis, Insights, and Forecast - By Gas Type
    • 6.6.1.1. Industrial Gases
    • 6.6.1.2. Medical Gases
    • 6.6.1.3. Others
  • 6.6.2. Canada Market Analysis, Insights, and Forecast - By Gas Type
    • 6.6.2.1. Industrial Gases
    • 6.6.2.2. Medical Gases
    • 6.6.2.3. Others

7. Europe Composite Cylinder Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 7.1. Key Findings
• 7.2. Market Analysis, Insights, and Forecast - By Tank Type
  • 7.2.1. Type II
  • 7.2.2. Type III
  • 7.2.3. Type IV
• 7.3. Market Analysis, Insights, and Forecast - By Material Type
  • 7.3.1. HDPE
  • 7.3.2. Carbon
  • 7.3.3. Aramid
  • 7.3.4. Others
• 7.4. Market Analysis, Insights, and Forecast - By Gas Type
  • 7.4.1. Industrial Gases
  • 7.4.2. Medical Gases
  • 7.4.3. Others
• 7.5. Market Analysis, Insights, and Forecast - By End-User
  • 7.5.1. Industrial
  • 7.5.2. Transportation
  • 7.5.3. Aerospace & Defense
  • 7.5.4. Healthcare
  • 7.5.5. Others
• 7.6. Market Analysis, Insights, and Forecast - By Country
  • 7.6.1. UK Market Analysis, Insights, and Forecast - By Gas Type
    • 7.6.1.1. Industrial Gases
    • 7.6.1.2. Medical Gases
    • 7.6.1.3. Others
  • 7.6.2. Germany Market Analysis, Insights, and Forecast - By Gas Type
    • 7.6.2.1. Industrial Gases
    • 7.6.2.2. Medical Gases
    • 7.6.2.3. Others
  • 7.6.3. France Market Analysis, Insights, and Forecast - By Gas Type
    • 7.6.3.1. Industrial Gases
    • 7.6.3.2. Medical Gases
    • 7.6.3.3. Others
  • 7.6.4. Italy Market Analysis, Insights, and Forecast - By Gas Type
    • 7.6.4.1. Industrial Gases
    • 7.6.4.2. Medical Gases
    • 7.6.4.3. Others
  • 7.6.5. Spain Market Analysis, Insights, and Forecast - By Gas Type
    • 7.6.5.1. Industrial Gases
    • 7.6.5.2. Medical Gases
    • 7.6.5.3. Others
  • 7.6.6. Russia Market Analysis, Insights, and Forecast - By Gas Type
    • 7.6.6.1. Industrial Gases
    • 7.6.6.2. Medical Gases
    • 7.6.6.3. Others
  • 7.6.7. Rest of Europe Market Analysis, Insights, and Forecast - By Gas Type
    • 7.6.7.1. Industrial Gases
    • 7.6.7.2. Medical Gases
    • 7.6.7.3. Others

8. Asia Pacific Composite Cylinder Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 8.1. Key Findings
• 8.2. Market Analysis, Insights, and Forecast - By Tank Type
  • 8.2.1. Type II
  • 8.2.2. Type III
  • 8.2.3. Type IV
• 8.3. Market Analysis, Insights, and Forecast - By Material Type
  • 8.3.1. HDPE
  • 8.3.2. Carbon
  • 8.3.3. Aramid
  • 8.3.4. Others
• 8.4. Market Analysis, Insights, and Forecast - By Gas Type
  • 8.4.1. Industrial Gases
  • 8.4.2. Medical Gases
  • 8.4.3. Others
• 8.5. Market Analysis, Insights, and Forecast - By End-User
  • 8.5.1. Industrial
  • 8.5.2. Transportation
  • 8.5.3. Aerospace & Defense
  • 8.5.4. Healthcare
  • 8.5.5. Others
• 8.6. Market Analysis, Insights, and Forecast - By Country
  • 8.6.1. China Market Analysis, Insights, and Forecast - By Gas Type
    • 8.6.1.1. Industrial Gases
    • 8.6.1.2. Medical Gases
    • 8.6.1.3. Others
  • 8.6.2. Japan Market Analysis, Insights, and Forecast - By Gas Type
    • 8.6.2.1. Industrial Gases
    • 8.6.2.2. Medical Gases
    • 8.6.2.3. Others
  • 8.6.3. India Market Analysis, Insights, and Forecast - By Gas Type
    • 8.6.3.1. Industrial Gases
    • 8.6.3.2. Medical Gases
    • 8.6.3.3. Others
  • 8.6.4. Australia Market Analysis, Insights, and Forecast - By Gas Type
    • 8.6.4.1. Industrial Gases
    • 8.6.4.2. Medical Gases
    • 8.6.4.3. Others
  • 8.6.5. Southeast Asia Market Analysis, Insights, and Forecast - By Gas Type
    • 8.6.5.1. Industrial Gases
    • 8.6.5.2. Medical Gases
    • 8.6.5.3. Others
  • 8.6.6. Rest of Asia Pacific Market Analysis, Insights, and Forecast - By Gas Type
    • 8.6.6.1. Industrial Gases
    • 8.6.6.2. Medical Gases
    • 8.6.6.3. Others

9. Latin America Composite Cylinder Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 9.1. Key Findings
• 9.2. Market Analysis, Insights, and Forecast - By Tank Type
  • 9.2.1. Type II
  • 9.2.2. Type III
  • 9.2.3. Type IV
• 9.3. Market Analysis, Insights, and Forecast - By Material Type
  • 9.3.1. HDPE
  • 9.3.2. Carbon
  • 9.3.3. Aramid
  • 9.3.4. Others
• 9.4. Market Analysis, Insights, and Forecast - By Gas Type
  • 9.4.1. Industrial Gases
  • 9.4.2. Medical Gases
  • 9.4.3. Others
• 9.5. Market Analysis, Insights, and Forecast - By End-User
  • 9.5.1. Industrial
  • 9.5.2. Transportation
  • 9.5.3. Aerospace & Defense
  • 9.5.4. Healthcare
  • 9.5.5. Others
• 9.6. Market Analysis, Insights, and Forecast - By Country
  • 9.6.1. Brazil Market Analysis, Insights, and Forecast - By Gas Type
    • 9.6.1.1. Industrial Gases
    • 9.6.1.2. Medical Gases
    • 9.6.1.3. Others
  • 9.6.2. Mexico Market Analysis, Insights, and Forecast - By Gas Type
    • 9.6.2.1. Industrial Gases
    • 9.6.2.2. Medical Gases
    • 9.6.2.3. Others
  • 9.6.3. Rest of Latin America Market Analysis, Insights, and Forecast - By Gas Type
    • 9.6.3.1. Industrial Gases
    • 9.6.3.2. Medical Gases
    • 9.6.3.3. Others

10. Middle East and Africa Composite Cylinder Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

• 10.1. Key Findings
• 10.2. Market Analysis, Insights, and Forecast - By Tank Type
  • 10.2.1. Type II
  • 10.2.2. Type III
  • 10.2.3. Type IV
• 10.3. Market Analysis, Insights, and Forecast - By Material Type
  • 10.3.1. HDPE
  • 10.3.2. Carbon
  • 10.3.3. Aramid
  • 10.3.4. Others
• 10.4. Market Analysis, Insights, and Forecast - By Gas Type
  • 10.4.1. Industrial Gases
  • 10.4.2. Medical Gases
  • 10.4.3. Others
• 10.5. Market Analysis, Insights, and Forecast - By End-User
  • 10.5.1. Industrial
  • 10.5.2. Transportation
  • 10.5.3. Aerospace & Defense
  • 10.5.4. Healthcare
  • 10.5.5. Others
• 10.6. Market Analysis, Insights, and Forecast - By Country
  • 10.6.1. South Africa Market Analysis, Insights, and Forecast - By Gas Type
    • 10.6.1.1. Industrial Gases
    • 10.6.1.2. Medical Gases
    • 10.6.1.3. Others
  • 10.6.2. GCC Market Analysis, Insights, and Forecast - By Gas Type
    • 10.6.2.1. Industrial Gases
    • 10.6.2.2. Medical Gases
    • 10.6.2.3. Others
  • 10.6.3. Rest of the Middle East & Africa Market Analysis, Insights, and Forecast - By Gas Type
    • 10.6.3.1. Industrial Gases
    • 10.6.3.2. Medical Gases
    • 10.6.3.3. Others

11. Competitive Analysis

• 11.1. Company Market Share Analysis, 2025
• 11.2. Company Profile
  • 11.2.1. Hexagoan
    • 11.2.1.1. Business Overview
    • 11.2.1.2. Product and Service Offerings
    • 11.2.1.3. Recent Developments
    • 11.2.1.4. Financials (Based on Availability)
  • 11.2.2. Time Technoplast
    • 11.2.2.1. Business Overview
    • 11.2.2.2. Product and Service Offerings
    • 11.2.2.3. Recent Developments
    • 11.2.2.4. Financials (Based on Availability)
  • 11.2.3. Aburi Composites
    • 11.2.3.1. Business Overview
    • 11.2.3.2. Product and Service Offerings
    • 11.2.3.3. Recent Developments
    • 11.2.3.4. Financials (Based on Availability)
  • 11.2.4. Amtrol Alfa
    • 11.2.4.1. Business Overview
    • 11.2.4.2. Product and Service Offerings
    • 11.2.4.3. Recent Developments
    • 11.2.4.4. Financials (Based on Availability)
  • 11.2.5. Aygaz
    • 11.2.5.1. Business Overview
    • 11.2.5.2. Product and Service Offerings
    • 11.2.5.3. Recent Developments
    • 11.2.5.4. Financials (Based on Availability)
  • 11.2.6. Dragerwek
    • 11.2.6.1. Business Overview
    • 11.2.6.2. Product and Service Offerings
    • 11.2.6.3. Recent Developments
    • 11.2.6.4. Financials (Based on Availability)
  • 11.2.7. Evas
    • 11.2.7.1. Business Overview
    • 11.2.7.2. Product and Service Offerings
    • 11.2.7.3. Recent Developments
    • 11.2.7.4. Financials (Based on Availability)
  • 11.2.8. Faber Industries
    • 11.2.8.1. Business Overview
    • 11.2.8.2. Product and Service Offerings
    • 11.2.8.3. Recent Developments
    • 11.2.8.4. Financials (Based on Availability)
  • 11.2.9. Luxfer Gas Cylinders
    • 11.2.9.1. Business Overview
    • 11.2.9.2. Product and Service Offerings
    • 11.2.9.3. Recent Developments
    • 11.2.9.4. Financials (Based on Availability)
  • 11.2.10. Quantum Fuel Systems Technologies
    • 11.2.10.1. Business Overview
    • 11.2.10.2. Product and Service Offerings
    • 11.2.10.3. Recent Developments
    • 11.2.10.4. Financials (Based on Availability)
  • 11.2.11. Sinoma
    • 11.2.11.1. Business Overview
    • 11.2.11.2. Product and Service Offerings
    • 11.2.11.3. Recent Developments
    • 11.2.11.4. Financials (Based on Availability)
  • 11.2.12. Worthington Cylinder
    • 11.2.12.1. Business Overview
    • 11.2.12.2. Product and Service Offerings
    • 11.2.12.3. Recent Developments
    • 11.2.12.4. Financials (Based on Availability)
  • 11.2.13. BTIC America Corp
    • 11.2.13.1. Business Overview
    • 11.2.13.2. Product and Service Offerings
    • 11.2.13.3. Recent Developments
    • 11.2.13.4. Financials (Based on Availability)
  • 11.2.14. Santek
    • 11.2.14.1. Business Overview
    • 11.2.14.2. Product and Service Offerings
    • 11.2.14.3. Recent Developments
    • 11.2.14.4. Financials (Based on Availability)
  • 11.2.15. Rubis Carribbean
    • 11.2.15.1. Business Overview
    • 11.2.15.2. Product and Service Offerings
    • 11.2.15.3. Recent Developments
    • 11.2.15.4. Financials (Based on Availability)