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PUBLISHER: IMARC | PRODUCT CODE: 1702087
PUBLISHER: IMARC | PRODUCT CODE: 1702087
Pressure Vessel Composite Materials Market Report by Material, Application, End User, and Region 2025-2033
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PAGES: 147 Pages
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The global pressure vessel composite materials market size reached USD 500.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 745.0 Million by 2033, exhibiting a growth rate (CAGR) of 4.3% during 2025-2033.
Pressure vessels are containers made of composite materials, such as carbon fiber and epoxy resin, which are used to store liquid propane gas (LPG), compressed natural gas (CNG), renewable natural gas (RNG), and hydrogen gas (H2). They are lightweight and cost-effective while having a long shelf life compared to their steel-based counterparts. They offer a high strength-to-weight ratio, corrosion resistance, and can be customized to meet specific design requirements. They also provide high strength and durability to withstand harsh environmental conditions. As there is a rise in the utilization of hydrogen and compressed natural gas (CNG) vehicles, the demand for pressure vessel composite materials is rising worldwide.
Pressure Vessel Composite Materials Market Trends:
The growing awareness among the masses about environment-friendly and fuel-efficient transportation solutions around the world represents one of the key factors driving the market. Besides this, there is an increase in the demand for lightweight and high-performance pressure vessels in the aerospace industry. This, along with the growing demand for boilers in various energy generation procedures, is offering a positive market outlook. Moreover, the rising utilization of pressure vessels in the oil and gas industry to conduct physical and chemical processes under high temperatures and pressure is contributing to the growth of the market. In addition, the increasing employment of pressure vessels in the chemical industry to store and transport various chemicals is offering lucrative growth opportunities to industry investors. Apart from this, key market players are extensively investing in research and development (R&D) activities to introduce customized pressure vessels, which is positively influencing the market. Additionally, there is a rise in the adoption of supercritical power generation technologies across the globe. This, coupled with the burgeoning petrochemical industry, is bolstering the growth of the market.
Key Market Segmentation:
Breakup by Material:
- Epoxy Resin
- Glass Fiber
- Carbon Fiber
Breakup by Application:
- CNG Vehicle
- Hydrogen Vehicle
- Gas Storage
Breakup by End User:
- Automotive
- Aircraft and Military
- Aerospace
- Marine
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Huntsman Corporation, IHI Corporation (Dai-ichi Life Insurance Company Limited), Larsen & Toubro Ltd, Nippon Steel Corporation, Olin Corporation, Pentair plc, Solvay S.A., Steelhead Composites Inc. and ZOLTEK Corporation (Toray Industries Inc.).
Key Questions Answered in This Report
- 1.What was the size of the global pressure vessel composite materials market in 2024?
- 2.What is the expected growth rate of the global pressure vessel composite materials market during 2025-2033?
- 3.What are the key factors driving the global pressure vessel composite materials market?
- 4.What has been the impact of COVID-19 on the global pressure vessel composite materials market?
- 5.What is the breakup of the global pressure vessel composite materials market based on the material?
- 6.What is the breakup of the global pressure vessel composite materials market based on the application?
- 7.What is the breakup of the global pressure vessel composite materials market based on end user?
- 8.What are the key regions in the global pressure vessel composite materials market?
- 9.Who are the key players/companies in the global pressure vessel composite materials market?
Product Code: SR112025A6346
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Pressure Vessel Composite Materials Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Material
- 6.1 Epoxy Resin
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Glass Fiber
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Carbon Fiber
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 CNG Vehicle
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Hydrogen Vehicle
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Gas Storage
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End User
- 8.1 Automotive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Aircraft and Military
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Aerospace
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Marine
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Huntsman Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 IHI Corporation (Dai-ichi Life Insurance Company Limited)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Larsen & Toubro Ltd
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Nippon Steel Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Olin Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Pentair plc
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Solvay S.A.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Steelhead Composites Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 ZOLTEK Corporation (Toray Industries Inc.)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 SWOT Analysis
- 14.3.1 Huntsman Corporation
Product Code: SR112025A6346
List of Figures
- Figure 1: Global: Pressure Vessel Composite Materials Market: Major Drivers and Challenges
- Figure 2: Global: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019-2024
- Figure 3: Global: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 4: Global: Pressure Vessel Composite Materials Market: Breakup by Material (in %), 2024
- Figure 5: Global: Pressure Vessel Composite Materials Market: Breakup by Application (in %), 2024
- Figure 6: Global: Pressure Vessel Composite Materials Market: Breakup by End User (in %), 2024
- Figure 7: Global: Pressure Vessel Composite Materials Market: Breakup by Region (in %), 2024
- Figure 8: Global: Pressure Vessel Composite Materials (Epoxy Resin) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Pressure Vessel Composite Materials (Epoxy Resin) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Pressure Vessel Composite Materials (Glass Fiber) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Pressure Vessel Composite Materials (Glass Fiber) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Pressure Vessel Composite Materials (Carbon Fiber) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Pressure Vessel Composite Materials (Carbon Fiber) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Pressure Vessel Composite Materials (CNG Vehicle) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Pressure Vessel Composite Materials (CNG Vehicle) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Pressure Vessel Composite Materials (Hydrogen Vehicle) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Pressure Vessel Composite Materials (Hydrogen Vehicle) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Pressure Vessel Composite Materials (Gas Storage) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Pressure Vessel Composite Materials (Gas Storage) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Pressure Vessel Composite Materials (Automotive) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Pressure Vessel Composite Materials (Automotive) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Pressure Vessel Composite Materials (Aircraft and Military) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Pressure Vessel Composite Materials (Aircraft and Military) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Pressure Vessel Composite Materials (Aerospace) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Pressure Vessel Composite Materials (Aerospace) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Pressure Vessel Composite Materials (Marine) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Pressure Vessel Composite Materials (Marine) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Pressure Vessel Composite Materials (Other End Users) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Pressure Vessel Composite Materials (Other End Users) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: North America: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: North America: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: United States: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: United States: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: Canada: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: Canada: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: Asia-Pacific: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: Asia-Pacific: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: China: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: China: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: Japan: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: Japan: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: India: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: India: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: South Korea: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: South Korea: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: Australia: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: Australia: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: Indonesia: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: Indonesia: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Others: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Others: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Europe: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Europe: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Germany: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: Germany: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: France: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: France: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: United Kingdom: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: United Kingdom: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: Italy: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: Italy: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: Spain: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: Spain: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Russia: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Russia: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Others: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Others: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Latin America: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Latin America: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Brazil: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Brazil: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Mexico: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Mexico: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Others: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: Others: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Middle East and Africa: Pressure Vessel Composite Materials Market: Sales Value (in Million USD), 2019 & 2024
- Figure 77: Middle East and Africa: Pressure Vessel Composite Materials Market: Breakup by Country (in %), 2024
- Figure 78: Middle East and Africa: Pressure Vessel Composite Materials Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 79: Global: Pressure Vessel Composite Materials Industry: SWOT Analysis
- Figure 80: Global: Pressure Vessel Composite Materials Industry: Value Chain Analysis
- Figure 81: Global: Pressure Vessel Composite Materials Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Pressure Vessel Composite Materials Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Pressure Vessel Composite Materials Market Forecast: Breakup by Material (in Million USD), 2025-2033
- Table 3: Global: Pressure Vessel Composite Materials Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 4: Global: Pressure Vessel Composite Materials Market Forecast: Breakup by End User (in Million USD), 2025-2033
- Table 5: Global: Pressure Vessel Composite Materials Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Pressure Vessel Composite Materials Market: Competitive Structure
- Table 7: Global: Pressure Vessel Composite Materials Market: Key Players
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