Global Pressure Vessel Composite Materials Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

The global pressure vessel composite materials market can be segmented based on material type, end-use industry, and geographic region. In terms of material type, the market is primarily divided into carbon fiber composites, glass fiber composites, and other advanced composites. Carbon fiber composites dominate the market due to their exceptional strength-to-weight ratio, high stiffness, and resistance to fatigue and corrosion, making them ideal for high-pressure applications in aerospace, automotive, and industrial sectors. Glass fiber composites, while more cost-effective, offer good mechanical properties and are widely used in less demanding applications such as water treatment and chemical storage tanks. Other advanced composites, including aramid and basalt fibers, cater to specialized applications requiring unique performance characteristics.

End-use industries driving the demand for pressure vessel composite materials include aerospace and defense, automotive, energy and power, chemicals, and water and wastewater treatment. The aerospace and automotive sectors are significant consumers, driven by the need for lightweight materials to improve fuel efficiency and reduce emissions. The energy and power sector, particularly in renewable energy applications like hydrogen storage and transportation, is witnessing a surge in demand for composite pressure vessels. Geographically, North America and Europe are leading markets due to advanced technological capabilities and a strong presence of key industry players. However, the Asia-Pacific region is expected to exhibit the highest growth rate, fueled by rapid industrialization, infrastructure development, and increasing investments in renewable energy projects. This diverse segmentation highlights the broad scope and potential for growth within the global pressure vessel composite materials market.

Global Pressure Vessel Composite Materials Market Analysis

The Global Pressure Vessel Composite Materials Market has been segmented by Material, End-Use Industry and Geography.

Global Pressure Vessel Composite Materials Market, Segmentation by Material

The Global Pressure Vessel Composite Materials Market has been segmented by Material into Epoxy Resin, Carbon Fiber and Glass Fiber.

The global pressure vessel composite materials market is significantly influenced by the choice of materials, with epoxy resin, carbon fiber, and glass fiber being the primary components. Epoxy resin is a widely used matrix material due to its excellent mechanical properties, chemical resistance, and strong adhesion to fibers. It plays a crucial role in enhancing the overall performance and durability of composite pressure vessels. Epoxy resins are favored for their ability to form a rigid and robust matrix that can withstand high pressures and harsh environmental conditions, making them ideal for applications in aerospace, automotive, and industrial sectors where reliability and safety are paramount.

Carbon fiber, known for its exceptional strength-to-weight ratio and high stiffness, is a key reinforcing material in composite pressure vessels. Its lightweight nature significantly reduces the overall weight of the vessels while maintaining structural integrity and resistance to fatigue and corrosion. This makes carbon fiber composites particularly attractive for high-performance applications such as hydrogen storage in the automotive and aerospace industries. On the other hand, glass fiber, while not as strong as carbon fiber, offers a more cost-effective alternative with good mechanical properties and excellent resistance to impact and abrasion. Glass fiber composites are commonly used in less demanding applications, such as water treatment and chemical storage tanks, where the balance between cost and performance is crucial. The combination of these materials in composite pressure vessels provides a versatile solution that meets the diverse needs of various industries, driving the growth and innovation in the global pressure vessel composite materials market.

Global Pressure Vessel Composite Materials Market, Segmentation by End-Use Industry

The Global Pressure Vessel Composite Materials Market has been segmented by End-Use Industry into CNG Vehicles, Hydrogen Vehicles and Gas Transport.

The global pressure vessel composite materials market serves several critical end-use industries, including CNG (compressed natural gas) vehicles, hydrogen vehicles, and gas transport. CNG vehicles are increasingly adopting composite pressure vessels due to their superior strength-to-weight ratio, which enhances fuel efficiency and vehicle performance. Composite materials, particularly those involving carbon fiber and epoxy resin, allow for the production of lighter and more durable CNG tanks. This weight reduction is crucial in automotive applications where minimizing vehicle weight directly contributes to lower fuel consumption and reduced greenhouse gas emissions. Additionally, the safety features of composite materials, such as higher burst pressure tolerance and resistance to corrosion, make them ideal for high-pressure storage applications in the automotive industry.

Hydrogen vehicles, a rapidly growing sector due to the shift towards clean energy solutions, also heavily rely on composite pressure vessels for hydrogen storage. Hydrogen, being the lightest and smallest molecule, requires storage at very high pressures, often exceeding 700 bar. Composite materials like carbon fiber composites are essential in this context, providing the necessary strength and durability to safely store hydrogen at these extreme pressures. The adoption of composite pressure vessels in hydrogen vehicles is driven by the need for lightweight and efficient storage solutions that can enhance vehicle range and performance while ensuring safety. In the gas transport industry, composite pressure vessels are used for the storage and transportation of various gases, including natural gas and industrial gases. The lightweight nature of composite materials reduces transportation costs and improves the efficiency of gas distribution networks. These advancements in composite materials are not only enhancing the performance and safety of pressure vessels but are also contributing to the broader adoption of cleaner energy solutions and efficient gas transportation methods.

Global Pressure Vessel Composite Materials Market, Segmentation by Geography

The Global Pressure Vessel Composite Materials Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Pressure Vessel Composite Materials Market Share (%), by Geographical Region, 2024

The global pressure vessel composite materials market is geographically segmented into five key regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America and Europe lead the market due to their advanced technological capabilities, strong industrial bases, and significant investments in research and development. These regions have well-established aerospace, automotive, and energy sectors that demand high-performance composite materials for various applications. In North America, the United States and Canada are major contributors, driven by the growing adoption of CNG and hydrogen vehicles, as well as extensive shale gas exploration activities. Europe, with countries like Germany, France, and the UK at the forefront, benefits from stringent environmental regulations and a strong push towards sustainable energy solutions, further propelling the demand for composite pressure vessels.

Asia Pacific is the fastest-growing region in the pressure vessel composite materials market, driven by rapid industrialization, urbanization, and increasing investments in infrastructure development. Countries such as China, Japan, and India are key players in this region, with significant growth in the automotive and energy sectors. The rise of CNG and hydrogen vehicles, coupled with expanding gas transportation networks, fuels the demand for composite pressure vessels. The Middle East and Africa region is also experiencing growth due to ongoing infrastructure projects and the need for efficient gas storage and transportation solutions in the oil and gas industry. Latin America, although a smaller market compared to the others, shows potential for growth with increasing industrial activities and the adoption of sustainable energy solutions in countries like Brazil and Mexico. Overall, the global pressure vessel composite materials market is poised for substantial growth across all regions, driven by technological advancements, environmental regulations, and the expanding use of lightweight, high-performance materials in various industrial applications.

This report provides an in depth analysis of various factors that impact the dynamics of Global Pressure Vessel Composite Materials Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Key players in Global Pressure Vessel Composite Materials Market include:

• Samuel Pressure Vessel Group
• Doosan Heavy Industries & Construction
• Mitsubishi Heavy Industries, Ltd
• Bharat Heavy Electricals Limited
• Larsen & Toubro Limited
• Westinghouse Electric Company LLC
• General Electric
• Halvorsen
• IHI Corporation
• Pressure Vessels

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis