Pressure Vessel Composite Materials Market Outlook
Pressure Vessel Composite Materials Market Size is forecast to reach $6.9 Billion in 2032 from $1.5 Billion in 2025, at an optimistic growth rate of 24.5% from 2025 to 2032. The robust Pressure Vessel Composite Materials Market growth presents potential growth opportunities for companies across the industry value chain.
The comprehensive market research report presents 12-year historic and forecast data on Pressure Vessel Composite Materials Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Material (Epoxy Resin, Glass Fiber, Carbon Fiber), By Application (CNG Vehicle, Hydrogen Vehicle, Gas Storage), By End-User (Automotive, Aircraft and Military, Aerospace, Marine, Others). Over 70 tables and charts showcase findings from our latest survey report on Pressure Vessel Composite Materials Markets.
Pressure Vessel Composite Materials Market Insights, 2025: Pressure Vessel Composite Materials: Key Drivers and Opportunities
The pressure vessel composite materials market is growing due to the increasing adoption of lightweight, high-strength composites in aerospace, automotive, energy, and industrial applications. Composite materials such as carbon fiber, aramid, and fiberglass-reinforced polymers (FRP) offer higher corrosion resistance, lower weight, and enhanced fatigue performance compared to traditional steel and metal-based vessels.
A major driver is the rising demand for hydrogen storage and alternative fuel systems, particularly in hydrogen-powered vehicles and aerospace applications. Composite pressure vessels are essential for hydrogen fuel cells, where lightweight, high-pressure storage is critical for improving fuel efficiency and vehicle range. Additionally, the oil & gas and chemical industries are shifting towards FRP-based pressure vessels to reduce maintenance costs and enhance safety in corrosive environments.
Opportunities exist in advanced carbon fiber composites, particularly thermoplastic-based and 3D-printed pressure vessel materials that offer higher toughness, recyclability, and modular design flexibility. Companies investing in nanocomposite reinforcement, smart pressure monitoring systems, and AI-driven predictive maintenance technologies will capitalize on the future of lightweight, high-pressure composite storage solutions.
Five Trends that will define global Pressure Vessel Composite Materials Market in 2025 and Beyond
A closer look at the multi-million global market for Pressure Vessel Composite Materials Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Pressure Vessel Composite Materials Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.
What are the biggest opportunities for growth in the Pressure Vessel Composite Materials Industry?
The Pressure Vessel Composite Materials Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.
Pressure Vessel Composite Materials Market Segment Insights
The Pressure Vessel Composite Materials Industry presents strong offers across categories. The analytical report offers forecasts of Pressure Vessel Composite Materials Industry performance across segments and countries. Key segments in the industry include- By Material (Epoxy Resin, Glass Fiber, Carbon Fiber), By Application (CNG Vehicle, Hydrogen Vehicle, Gas Storage), By End-User (Automotive, Aircraft and Military, Aerospace, Marine, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.
Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Pressure Vessel Composite Materials Market size outlook is provided for 22 countries across these regions.
Pressure Vessel Composite Materials Industry Value Chain
The chapter identifies potential companies and their operations across the global Pressure Vessel Composite Materials Industry ecosystem. It assists decision-makers in evaluating global Pressure Vessel Composite Materials Market fundamentals, market dynamics, and disruptive trends across the value chain segments.
Scenario Analysis and Forecasts
Strategic decision-making in the Pressure Vessel Composite Materials Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.
Asia Pacific Pressure Vessel Composite Materials Market Analysis- A Promising Growth Arena for Business Expansion
As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.
The State of Europe Pressure Vessel Composite Materials Industry 2025- Focus on Accelerating Competitiveness
As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Pressure Vessel Composite Materials Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Pressure Vessel Composite Materials Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.
The US Pressure Vessel Composite Materials Market Insights- Executives are most excited about opportunities for the US Pressure Vessel Composite Materials Industry.
Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Pressure Vessel Composite Materials Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Pressure Vessel Composite Materials Market.
Latin American Pressure Vessel Composite Materials Market outlook rebounds in line with economic growth.
Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.
Middle East and Africa Pressure Vessel Composite Materials Markets- New Opportunities for Companies Harnessing Diversity
Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Pressure Vessel Composite Materials Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Pressure Vessel Composite Materials Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.
Competitive Landscape- How Pressure Vessel Composite Materials Companies outcompete in 2025 and Beyond?
The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Huntsman Corp, IHI Corp, Larsen & Toubro Ltd, Nippon Steel Corp, Olin Corp, Pentair plc, Solvay S.A., Steelhead Composites Inc, ZOLTEK Corp.
Pressure Vessel Composite Materials Market Scope and Segmentation
By Material
Epoxy Resin
Glass Fiber
Carbon Fiber
By Application
CNG Vehicle
Hydrogen Vehicle
Gas Storage
By End-User
Automotive
Aircraft and Military
Aerospace
Marine
Others
Countries Included-
North America- US, Canada, Mexico
Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe
Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC
South and Central America- Brazil, Argentina, Chile, Rest of SCA
Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa
Companies Included in the Pressure Vessel Composite Materials Market Research-
Huntsman Corp
IHI Corp
Larsen & Toubro Ltd
Nippon Steel Corp
Olin Corp
Pentair plc
Solvay S.A.
Steelhead Composites Inc
ZOLTEK Corp
Reasons to Buy the report
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook