Global Carbon Fiber Pressure Vessel Market Research Report 2024(Status and Outlook)

Global Carbon Fiber Pressure Vessel Market Research Report 2024(Status and Outlook)



Report Overview:

Carbon Fiber Reinforced Polymer Composites (CFRP) are lightweight, strong materials used in the manufacturing of numerous products used in our daily life. In general, CFRP composites use thermosetting resins such as epoxy, polyester, or vinyl ester.

Pressure vessel composite materials are used in manufacturing pressure vessels that are used to store gases and liquids under high pressure. The strength of the vessel is the critical parameter to prevent explosions as a result of the rupture. A composite material is a combination of materials differing in composition or form on a macro scale. These materials do not dissolve or otherwise merge completely into each other. Composite materials help to improve the performance and also offers a significant amount of material savings.

Since 1970 pressure vessel manufacturers have been using continuous fibers filaments, also known as tows or roving, to improve the physical properties of pressure vessels. Starting with what the industry calls a type II vessel; high strength fibers, such as glass fiber, were wrapped around the cylindrical sections of steel and aluminum pressure vessels to add reinforcement allowing a roughly 30% reduction in overall vessel mass.

As the fiber reinforcement became more and more significant in pressure vessel design, fiber manufacturers began refining their offerings and experimenting with new fiber types like carbon fiber, which is currently the most popular reinforcement in composite pressure vessels, because of its incredible stiffness and tensile strength. In addition to carbon and glass, new fibers were created such as Kevlar a type of aramid fiber and basalt fiber. These new fibers offered contrasting mechanical properties such as impact resistance, and low temperature resistance to the pressure vessel designer’s arsenal.

As new composite pressure vessel applications emerged, the need for unique mechanical properties and increasing economic pressures create a need for hybrid vessels which could either use distinct and separate layers of fiber for different roles such as impact/ abrasion resistance, or different fibers in the same band to get the properties of both fibers throughout the laminate.

The evolution of vessels and tanks designed to hold liquids and gases under pressure has proceeded through four distinct stages: all-metal tanks (Type I), metal hoop-wrapped composite tanks (Type II), metal-lined composite tanks (Type III) and plastic-lined composite tanks (Type IV). The fifth stage, an all-composite, linerless Type V tank has been the pressure vessel industry’s Holy Grail for years.

The Global Carbon Fiber Pressure Vessel Market Size was estimated at USD 652.44 million in 2023 and is projected to reach USD 1213.74 million by 2029, exhibiting a CAGR of 10.90% during the forecast period.

This report provides a deep insight into the global Carbon Fiber Pressure Vessel market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Carbon Fiber Pressure Vessel Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Carbon Fiber Pressure Vessel market in any manner.

Global Carbon Fiber Pressure Vessel Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Luxfer Group

Iljin Composites Corp

Faber Industrie SpA

Worthington Industries

3M Scott

Shenyang Gas Cylinder

Toyota

Sinoma Science & Technology

Beijing China Tank Industry

AMS Composite Cylinders

Beijing Tianhai Industry

Teijin Engineering Limited

NPROXX

Doosan

Market Segmentation (by Type)

Type III

Type IV

Others

Market Segmentation (by Application)

CNG Storage Tank

SCBA/SCUBA

Hydrogen Storage Tank

Others

Geographic Segmentation
  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Carbon Fiber Pressure Vessel Market
  • Overview of the regional outlook of the Carbon Fiber Pressure Vessel Market:
Key Reasons to Buy this Report:
  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

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Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Carbon Fiber Pressure Vessel Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Carbon Fiber Pressure Vessel
1.2 Key Market Segments
1.2.1 Carbon Fiber Pressure Vessel Segment by Type
1.2.2 Carbon Fiber Pressure Vessel Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Carbon Fiber Pressure Vessel Market Overview
2.1 Global Market Overview
2.1.1 Global Carbon Fiber Pressure Vessel Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global Carbon Fiber Pressure Vessel Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Carbon Fiber Pressure Vessel Market Competitive Landscape
3.1 Global Carbon Fiber Pressure Vessel Sales by Manufacturers (2019-2024)
3.2 Global Carbon Fiber Pressure Vessel Revenue Market Share by Manufacturers (2019-2024)
3.3 Carbon Fiber Pressure Vessel Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Carbon Fiber Pressure Vessel Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Carbon Fiber Pressure Vessel Sales Sites, Area Served, Product Type
3.6 Carbon Fiber Pressure Vessel Market Competitive Situation and Trends
3.6.1 Carbon Fiber Pressure Vessel Market Concentration Rate
3.6.2 Global 5 and 10 Largest Carbon Fiber Pressure Vessel Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Carbon Fiber Pressure Vessel Industry Chain Analysis
4.1 Carbon Fiber Pressure Vessel Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Carbon Fiber Pressure Vessel Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Carbon Fiber Pressure Vessel Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Carbon Fiber Pressure Vessel Sales Market Share by Type (2019-2024)
6.3 Global Carbon Fiber Pressure Vessel Market Size Market Share by Type (2019-2024)
6.4 Global Carbon Fiber Pressure Vessel Price by Type (2019-2024)
7 Carbon Fiber Pressure Vessel Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Carbon Fiber Pressure Vessel Market Sales by Application (2019-2024)
7.3 Global Carbon Fiber Pressure Vessel Market Size (M USD) by Application (2019-2024)
7.4 Global Carbon Fiber Pressure Vessel Sales Growth Rate by Application (2019-2024)
8 Carbon Fiber Pressure Vessel Market Segmentation by Region
8.1 Global Carbon Fiber Pressure Vessel Sales by Region
8.1.1 Global Carbon Fiber Pressure Vessel Sales by Region
8.1.2 Global Carbon Fiber Pressure Vessel Sales Market Share by Region
8.2 North America
8.2.1 North America Carbon Fiber Pressure Vessel Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Carbon Fiber Pressure Vessel Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Carbon Fiber Pressure Vessel Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Carbon Fiber Pressure Vessel Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Carbon Fiber Pressure Vessel Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Luxfer Group
9.1.1 Luxfer Group Carbon Fiber Pressure Vessel Basic Information
9.1.2 Luxfer Group Carbon Fiber Pressure Vessel Product Overview
9.1.3 Luxfer Group Carbon Fiber Pressure Vessel Product Market Performance
9.1.4 Luxfer Group Business Overview
9.1.5 Luxfer Group Carbon Fiber Pressure Vessel SWOT Analysis
9.1.6 Luxfer Group Recent Developments
9.2 Iljin Composites Corp
9.2.1 Iljin Composites Corp Carbon Fiber Pressure Vessel Basic Information
9.2.2 Iljin Composites Corp Carbon Fiber Pressure Vessel Product Overview
9.2.3 Iljin Composites Corp Carbon Fiber Pressure Vessel Product Market Performance
9.2.4 Iljin Composites Corp Business Overview
9.2.5 Iljin Composites Corp Carbon Fiber Pressure Vessel SWOT Analysis
9.2.6 Iljin Composites Corp Recent Developments
9.3 Faber Industrie SpA
9.3.1 Faber Industrie SpA Carbon Fiber Pressure Vessel Basic Information
9.3.2 Faber Industrie SpA Carbon Fiber Pressure Vessel Product Overview
9.3.3 Faber Industrie SpA Carbon Fiber Pressure Vessel Product Market Performance
9.3.4 Faber Industrie SpA Carbon Fiber Pressure Vessel SWOT Analysis
9.3.5 Faber Industrie SpA Business Overview
9.3.6 Faber Industrie SpA Recent Developments
9.4 Worthington Industries
9.4.1 Worthington Industries Carbon Fiber Pressure Vessel Basic Information
9.4.2 Worthington Industries Carbon Fiber Pressure Vessel Product Overview
9.4.3 Worthington Industries Carbon Fiber Pressure Vessel Product Market Performance
9.4.4 Worthington Industries Business Overview
9.4.5 Worthington Industries Recent Developments
9.5 3M Scott
9.5.1 3M Scott Carbon Fiber Pressure Vessel Basic Information
9.5.2 3M Scott Carbon Fiber Pressure Vessel Product Overview
9.5.3 3M Scott Carbon Fiber Pressure Vessel Product Market Performance
9.5.4 3M Scott Business Overview
9.5.5 3M Scott Recent Developments
9.6 Shenyang Gas Cylinder
9.6.1 Shenyang Gas Cylinder Carbon Fiber Pressure Vessel Basic Information
9.6.2 Shenyang Gas Cylinder Carbon Fiber Pressure Vessel Product Overview
9.6.3 Shenyang Gas Cylinder Carbon Fiber Pressure Vessel Product Market Performance
9.6.4 Shenyang Gas Cylinder Business Overview
9.6.5 Shenyang Gas Cylinder Recent Developments
9.7 Toyota
9.7.1 Toyota Carbon Fiber Pressure Vessel Basic Information
9.7.2 Toyota Carbon Fiber Pressure Vessel Product Overview
9.7.3 Toyota Carbon Fiber Pressure Vessel Product Market Performance
9.7.4 Toyota Business Overview
9.7.5 Toyota Recent Developments
9.8 Sinoma Science and Technology
9.8.1 Sinoma Science and Technology Carbon Fiber Pressure Vessel Basic Information
9.8.2 Sinoma Science and Technology Carbon Fiber Pressure Vessel Product Overview
9.8.3 Sinoma Science and Technology Carbon Fiber Pressure Vessel Product Market Performance
9.8.4 Sinoma Science and Technology Business Overview
9.8.5 Sinoma Science and Technology Recent Developments
9.9 Beijing China Tank Industry
9.9.1 Beijing China Tank Industry Carbon Fiber Pressure Vessel Basic Information
9.9.2 Beijing China Tank Industry Carbon Fiber Pressure Vessel Product Overview
9.9.3 Beijing China Tank Industry Carbon Fiber Pressure Vessel Product Market Performance
9.9.4 Beijing China Tank Industry Business Overview
9.9.5 Beijing China Tank Industry Recent Developments
9.10 AMS Composite Cylinders
9.10.1 AMS Composite Cylinders Carbon Fiber Pressure Vessel Basic Information
9.10.2 AMS Composite Cylinders Carbon Fiber Pressure Vessel Product Overview
9.10.3 AMS Composite Cylinders Carbon Fiber Pressure Vessel Product Market Performance
9.10.4 AMS Composite Cylinders Business Overview
9.10.5 AMS Composite Cylinders Recent Developments
9.11 Beijing Tianhai Industry
9.11.1 Beijing Tianhai Industry Carbon Fiber Pressure Vessel Basic Information
9.11.2 Beijing Tianhai Industry Carbon Fiber Pressure Vessel Product Overview
9.11.3 Beijing Tianhai Industry Carbon Fiber Pressure Vessel Product Market Performance
9.11.4 Beijing Tianhai Industry Business Overview
9.11.5 Beijing Tianhai Industry Recent Developments
9.12 Teijin Engineering Limited
9.12.1 Teijin Engineering Limited Carbon Fiber Pressure Vessel Basic Information
9.12.2 Teijin Engineering Limited Carbon Fiber Pressure Vessel Product Overview
9.12.3 Teijin Engineering Limited Carbon Fiber Pressure Vessel Product Market Performance
9.12.4 Teijin Engineering Limited Business Overview
9.12.5 Teijin Engineering Limited Recent Developments
9.13 NPROXX
9.13.1 NPROXX Carbon Fiber Pressure Vessel Basic Information
9.13.2 NPROXX Carbon Fiber Pressure Vessel Product Overview
9.13.3 NPROXX Carbon Fiber Pressure Vessel Product Market Performance
9.13.4 NPROXX Business Overview
9.13.5 NPROXX Recent Developments
9.14 Doosan
9.14.1 Doosan Carbon Fiber Pressure Vessel Basic Information
9.14.2 Doosan Carbon Fiber Pressure Vessel Product Overview
9.14.3 Doosan Carbon Fiber Pressure Vessel Product Market Performance
9.14.4 Doosan Business Overview
9.14.5 Doosan Recent Developments
10 Carbon Fiber Pressure Vessel Market Forecast by Region
10.1 Global Carbon Fiber Pressure Vessel Market Size Forecast
10.2 Global Carbon Fiber Pressure Vessel Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Carbon Fiber Pressure Vessel Market Size Forecast by Country
10.2.3 Asia Pacific Carbon Fiber Pressure Vessel Market Size Forecast by Region
10.2.4 South America Carbon Fiber Pressure Vessel Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Carbon Fiber Pressure Vessel by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global Carbon Fiber Pressure Vessel Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of Carbon Fiber Pressure Vessel by Type (2025-2030)
11.1.2 Global Carbon Fiber Pressure Vessel Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of Carbon Fiber Pressure Vessel by Type (2025-2030)
11.2 Global Carbon Fiber Pressure Vessel Market Forecast by Application (2025-2030)
11.2.1 Global Carbon Fiber Pressure Vessel Sales (Kilotons) Forecast by Application
11.2.2 Global Carbon Fiber Pressure Vessel Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings

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