Composite Cylinder Market Report 2025 (Global Edition)

Global Composite Cylinder Market Report 2025 Market Size Split by Tank Type (Type I, Type II, Type III, Type IV), by Applications (Domestic Use, Industrial Applications, Transportation, Healthcare, Ae...

Composite Cylinder Market Report Description

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Composite Cylinder Market Insights Video

Competitive Landscape of the Composite Cylinder Market

The composite cylinder marketplace functions as a competitive panorama with key players, including Luxfer Gas Cylinders, Scott Specialty Gases, and Hexagon Composites. These groups focus on innovation, superior manufacturing strategies, and strategic partnerships to decorate product offerings. The market is characterized by ongoing studies and development, aiming to improve overall performance, lessen costs, and expand packages throughout numerous industries.

Top Companies Market Share in Composite Cylinder Industry: (In no particular order of Rank)

• Luxfer Gas Cylinder
• Hexagon Composites
• Sinoma
• Aburi Composites
• Faber Industrie
• Worthington Cylinders
• Dragerwerk
• Santek
• Time Technoplast
• Rubis Caribbean
• Ullit
• Beijing Tianhai Industry
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Composite Cylinder Market

Which Region Dominates the Composite Cylinder Market in 2024?

According to Cognitive Market Research, North America currently dominates the Composite Cylinders market, and the region is expected to have significant growth during the projected period. The North American composite cylinder marketplace is experiencing huge growth due to increasing calls for in industries inclusive of aerospace, automobile, and healthcare. The region's cognizance of lightweight, secure, and durable garage answers, coupled with advancements in the manufacturing era, is using innovation and increasing applications, fostering market expansion.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia-Pacific composite cylinder marketplace is growing unexpectedly, fueled by growing industrialization, extended demand for lightweight materials in automobile and aerospace sectors, and increasing healthcare programs. Government tasks promoting protection and environmental sustainability similarly make contributions to the marketplace's expansion, as industries are looking for efficient and sturdy storage solutions for gases and drinks.

The current report Scope analyzes Composite Cylinder Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Composite Cylinder Market Analysis

According to Cognitive Market Research, the global Composite Cylinder market size was estimated at USD 912.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 365.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Composite Cylinder market with a market size of USD 287.99 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. The U.S. market's lightweight demand.
• The Canada Composite Cylinder market had a market share of USD 43.80 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. Canada’s fuel efficiency.
• The Mexico Composite Cylinder market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 33.22 million in 2024.

Europe Composite Cylinder Market Analysis

According to Cognitive Market Research, the global Composite Cylinder market size was estimated at USD 912.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 273.75 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.

• The United Kingdom Composite Cylinder market had a market share of USD 45.99 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. In the UK, Composite Cylinder sales witness an upswing due to the emission regulations.
• The France Composite Cylinder market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 25.19 million in 2024.
• According to Cognitive Market Research, the German Composite Cylinder market size was valued at USD 54.20 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. In Germany, Composite Cylinder surged due to the aerospace growth.
• The Italy Composite Cylinder market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 23.54 million in 2024.
• The Russia Composite Cylinder market is projected to witness growth at a CAGR of 2.0% during the forecast period, with a market size of USD 42.43 million in 2024.
• The Spain Composite Cylinder market is projected to witness growth at a CAGR of 2.1% during the forecast period with a market size of USD 22.45 million in 2024
• The Luxembourg Composite Cylinder market is projected to witness growth at a CAGR of 3.1% during the forecast period, with a market size of USD 8.49 million in 2024.
• The Portugal Composite Cylinder market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 5.75 million in 2024.
• The Greece Composite Cylinder market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 3.29 million in 2024.
• The Rest of Europe's Composite Cylinder market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 42.43 million in 2024.

Asia Pacific Composite Cylinder Market Analysis

According to Cognitive Market Research, the global Composite Cylinder market size was estimated at USD 912.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 209.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Composite Cylinder market size was valued at USD 94.44 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Composite Cylinder surged in China due to renewable energy.
• The Japan Composite Cylinder market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 28.96 million in 2024.
• The India Composite Cylinder market had a market share of USD 25.19 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. India's automotive innovation.
• The South Korean Composite Cylinder market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 20.99 million in 2024.
• The Australian Composite Cylinder market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 10.91 million in 2024.
• The South East Asia Composite Cylinder market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 14.48 million in 2024.
• The Rest of Asia Pacific Composite Cylinder market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 14.90 million in 2024.

South America Composite Cylinder Market Analysis

According to Cognitive Market Research, the global Composite Cylinder market size was estimated at USD 912.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 45.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Composite Cylinder market size was valued at USD 19.53 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Composite Cylinders flourished in Brazil due to industrial applications.
• Argentina's Composite Cylinder market had a market share of USD 7.67 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. Argentina's safety standards.
• Colombia Composite Cylinder market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 4.06 million in 2024.
• Peru Composite Cylinder market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 3.74 million in 2024.
• Chile Composite Cylinder market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 3.29 million in 2024.
• The Rest of Latin America's Composite Cylinder market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 7.35 million in 2024.

Middle East Composite Cylinder Market Analysis

According to Cognitive Market Research, the global Composite Cylinder market size was estimated at USD 912.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 18.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031..

• The GCC Countries Composite Cylinder market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 7.81 million in 2024. Composite Cylinder sales flourish due to the military use.
• The Egypt Composite Cylinder market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 1.92 million in 2024.
• The South Africa Composite Cylinder market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 2.88 million in 2024. Composite Cylinder sales flourished in South Africa due to technological advancements.
• The Turkey Composite Cylinder market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 1.57 million in 2024.
• The Nigeria Composite Cylinder market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 1.92 million in 2024.
• The Rest of the MEA Composite Cylinder market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 2.15 million in 2024.

Composite Cylinder Market Analysis

How are Segments Performing in the Global Composite Cylinder Market?

Composite Cylinder Market Tank Type Segment Analysis

According to Cognitive Market Research, Type I are likely to dominate the Composite Cylinder Market over the forecast period. ?Type I composite cylinders are riding marketplace growth because of their strong design, offering a metal liner wrapped in composite substances. These cylinders are favored for excessive-strain applications in industries like aviation and industrial fuel storage, presenting durability and protection. Their growing adoption enhances operational performance and decreases transportation fees.

The Type II is the fastest-growing segment in the Composite Cylinder Market. Type II composite cylinders are gaining traction in the marketplace because of their lightweight design, combining a composite overwrap with a metallic liner. These cylinders are favored for various programs, consisting of commercial and clinical uses, as they provide progressed protection, better overall performance, and reduced transportation prices, using elevated adoption across industries.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Composite Cylinder Industry. Request a Free Sample PDF!

Composite Cylinder Market Applications Segment Analysis

According to Cognitive Market Research, the Domestic Use segment holds the largest share of the market. The domestic use of composite cylinders is increasing as owners seek lightweight and secure options for storing gases like propane and oxygen. These cylinders are increasingly more desired for outdoor grilling, heating, and clinical packages. Their sturdiness and corrosion resistance enhance safety and convenience, driving adoption in residential markets.

In the Composite Cylinder Market, the Industrial Applications has been expanding at a rapid pace. Industrial applications are appreciably driving the increase of the composite cylinder market as industries prioritize lightweight, durable, and safe storage answers for gases and drinks. These cylinders are perfect for sectors like manufacturing, creation, and strength, where efficiency and protection are paramount, fostering elevated adoption and innovation in garage technologies.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Composite Cylinder Material Segment Analysis

Composite Cylinder Market Material Segment Analysis

According to Cognitive Market Research, Carbon Fiber Composite Cylinders segment holds the largest market share. Carbon fiber composite cylinders are gaining a reputation in the composite cylinder market due to their brilliant strength-to-weight ratio and corrosion resistance. These advanced cylinders are perfect for excessive-strain programs in aerospace, automobile, and commercial sectors, driving the calls as industries are seeking lightweight, long-lasting, and secure storage answers to enhance overall performance and efficiency.

In the Composite Cylinder market, the rapidly growing sector is Glass Fiber Composite Cylinder. Glass fiber composite cylinders are experiencing a boom inside the composite cylinder market due to their value-effectiveness and terrific corrosion resistance. Widely utilized in commercial programs, which include gas garages and transportation, these cylinders provide durability and safety, making them an attractive choice for diverse sectors looking for dependable and lightweight garage answers.

• Carbon Fiber Composite Cylinders
• Glass Fiber Composite Cylinders
• Other

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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