| Product Code: ETC13156076 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Pressure Vessel Composite Materials Market was valued at USD 1.5 Billion in 2024 and is expected to reach USD 2.1 Billion by 2031, growing at a compound annual growth rate of 5.60% during the forecast period (2025-2031).
The Global Pressure Vessel Composite Materials Market is experiencing steady growth due to increasing demand from various industries such as oil & gas, transportation, and aerospace. Composite materials offer advantages such as high strength-to-weight ratio, corrosion resistance, and design flexibility, making them ideal for manufacturing pressure vessels. Key market players are focusing on developing advanced composite materials to enhance performance and durability, driving further market expansion. Asia-Pacific region, led by countries like China and India, is anticipated to witness significant growth attributed to infrastructure development projects and increasing investment in renewable energy sectors. Stringent regulations promoting lightweight and fuel-efficient vehicles are also expected to boost market growth in the coming years. Overall, the Global Pressure Vessel Composite Materials Market is poised for continued expansion driven by technological advancements and industry demand.
The Global Pressure Vessel Composite Materials Market is witnessing significant growth due to the increasing demand for lightweight and high-strength materials in various industries such as aerospace, automotive, and energy. The market is driven by the advantages of composite materials, including corrosion resistance, durability, and cost-effectiveness. Additionally, the growing focus on renewable energy sources like hydrogen fuel cells and compressed natural gas is creating opportunities for pressure vessel composite materials. Technological advancements in manufacturing processes and the development of innovative composite materials are further propelling market growth. The Asia-Pacific region is expected to dominate the market in the coming years, driven by the rapid industrialization and infrastructure development in countries like China and India. Overall, the Global Pressure Vessel Composite Materials Market presents lucrative opportunities for industry players to capitalize on the growing demand for efficient and sustainable materials.
The Global Pressure Vessel Composite Materials Market faces several challenges including stringent regulations related to material certification and standards, high manufacturing costs due to the complexity of composite materials production processes, and limited availability of raw materials. Additionally, the market also struggles with issues such as the need for continuous research and development to enhance material properties and performance, concerns regarding the recyclability and sustainability of composite materials, and the high level of competition among key players in the industry. Overcoming these challenges requires investment in innovative technologies, collaboration with regulatory bodies to streamline certification processes, and strategic partnerships to ensure a stable supply chain of raw materials for composite production.
The Global Pressure Vessel Composite Materials Market is primarily driven by the increasing demand for lightweight and high-strength materials in various industries such as automotive, aerospace, and oil & gas. Pressure vessels made from composite materials offer advantages such as corrosion resistance, improved durability, and reduced maintenance costs compared to traditional materials like steel. Additionally, stringent regulations regarding fuel efficiency and emissions in the transportation sector are pushing manufacturers to adopt composite materials for pressure vessels to meet sustainability goals. The growing focus on renewable energy sources like hydrogen storage and compressed natural gas is also contributing to the market growth as composite materials offer better performance and safety characteristics for pressure vessel applications. Overall, the market is expected to expand due to the benefits offered by pressure vessel composite materials in terms of efficiency, safety, and environmental sustainability.
Government policies related to the Global Pressure Vessel Composite Materials Market aim to ensure safety, quality, and sustainability in the manufacturing, testing, and usage of pressure vessels. These policies often include regulations and standards set by organizations like the American Society of Mechanical Engineers (ASME) and the International Organization for Standardization (ISO) to guarantee compliance with industry best practices and prevent potential hazards. Additionally, governments may incentivize the use of composite materials in pressure vessels through grants, subsidies, or tax credits to promote innovation, reduce carbon emissions, and enhance energy efficiency in various industries such as oil and gas, automotive, and aerospace. Overall, government policies play a crucial role in shaping the growth and development of the Global Pressure Vessel Composite Materials Market by fostering a supportive regulatory environment and encouraging technological advancements.
The Global Pressure Vessel Composite Materials Market is expected to witness significant growth in the coming years due to increasing demand for lightweight and corrosion-resistant materials in various industries such as oil and gas, aerospace, and automotive. The shift towards renewable energy sources and the growing focus on sustainability are also driving the adoption of pressure vessel composite materials. Technological advancements in manufacturing processes and the development of advanced composite materials are further fueling market growth. Additionally, stringent regulations regarding safety and efficiency in industrial operations are boosting the demand for pressure vessel composite materials. Overall, the market is projected to expand at a steady pace, with key players investing in research and development to innovate and meet the evolving needs of the industry.
In the Global Pressure Vessel Composite Materials Market, Asia Pacific is expected to witness significant growth due to the increasing adoption of lightweight and high-strength materials in industries such as automotive, aerospace, and energy. North America is also a key market, driven by the growing demand for pressure vessels in the oil and gas sector. Europe is focusing on research and development activities to enhance the performance of pressure vessel composite materials. The Middle East and Africa region is experiencing steady growth, primarily due to investments in infrastructure development. Latin America is projected to show moderate growth, with industries like chemical processing and water treatment driving the demand for pressure vessel composite materials. Overall, the market is poised for expansion across all regions, fueled by technological advancements and the need for efficient and durable pressure vessel solutions.
Global Pressure Vessel Composite Materials Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Pressure Vessel Composite Materials Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Pressure Vessel Composite Materials Market Revenues & Volume, 2021 & 2031F |
3.3 Global Pressure Vessel Composite Materials Market - Industry Life Cycle |
3.4 Global Pressure Vessel Composite Materials Market - Porter's Five Forces |
3.5 Global Pressure Vessel Composite Materials Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Pressure Vessel Composite Materials Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Global Pressure Vessel Composite Materials Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Global Pressure Vessel Composite Materials Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Pressure Vessel Composite Materials Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Pressure Vessel Composite Materials Market Trends |
6 Global Pressure Vessel Composite Materials Market, 2021 - 2031 |
6.1 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By Material, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By Epoxy Resin, 2021 - 2031 |
6.1.3 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By Glass Fiber, 2021 - 2031 |
6.1.4 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By Carbon Fiber, 2021 - 2031 |
6.2 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By CNG Vehicle, 2021 - 2031 |
6.2.3 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By Hydrogen Vehicle, 2021 - 2031 |
6.2.4 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By Gas Storage, 2021 - 2031 |
6.3 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By End User, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By Automotive, 2021 - 2031 |
6.3.3 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By Aircraft and Military, 2021 - 2031 |
6.3.4 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By Aerospace, 2021 - 2031 |
6.3.5 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By Marine, 2021 - 2031 |
6.3.6 Global Pressure Vessel Composite Materials Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Pressure Vessel Composite Materials Market, Overview & Analysis |
7.1 North America Pressure Vessel Composite Materials Market Revenues & Volume, 2021 - 2031 |
7.2 North America Pressure Vessel Composite Materials Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Pressure Vessel Composite Materials Market, Revenues & Volume, By Material, 2021 - 2031 |
7.4 North America Pressure Vessel Composite Materials Market, Revenues & Volume, By Application, 2021 - 2031 |
7.5 North America Pressure Vessel Composite Materials Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Pressure Vessel Composite Materials Market, Overview & Analysis |
8.1 Latin America (LATAM) Pressure Vessel Composite Materials Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Pressure Vessel Composite Materials Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Pressure Vessel Composite Materials Market, Revenues & Volume, By Material, 2021 - 2031 |
8.4 Latin America (LATAM) Pressure Vessel Composite Materials Market, Revenues & Volume, By Application, 2021 - 2031 |
8.5 Latin America (LATAM) Pressure Vessel Composite Materials Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Pressure Vessel Composite Materials Market, Overview & Analysis |
9.1 Asia Pressure Vessel Composite Materials Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Pressure Vessel Composite Materials Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Pressure Vessel Composite Materials Market, Revenues & Volume, By Material, 2021 - 2031 |
9.4 Asia Pressure Vessel Composite Materials Market, Revenues & Volume, By Application, 2021 - 2031 |
9.5 Asia Pressure Vessel Composite Materials Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Pressure Vessel Composite Materials Market, Overview & Analysis |
10.1 Africa Pressure Vessel Composite Materials Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Pressure Vessel Composite Materials Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Pressure Vessel Composite Materials Market, Revenues & Volume, By Material, 2021 - 2031 |
10.4 Africa Pressure Vessel Composite Materials Market, Revenues & Volume, By Application, 2021 - 2031 |
10.5 Africa Pressure Vessel Composite Materials Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Pressure Vessel Composite Materials Market, Overview & Analysis |
11.1 Europe Pressure Vessel Composite Materials Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Pressure Vessel Composite Materials Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Pressure Vessel Composite Materials Market, Revenues & Volume, By Material, 2021 - 2031 |
11.4 Europe Pressure Vessel Composite Materials Market, Revenues & Volume, By Application, 2021 - 2031 |
11.5 Europe Pressure Vessel Composite Materials Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Pressure Vessel Composite Materials Market, Overview & Analysis |
12.1 Middle East Pressure Vessel Composite Materials Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Pressure Vessel Composite Materials Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Pressure Vessel Composite Materials Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Pressure Vessel Composite Materials Market, Revenues & Volume, By Material, 2021 - 2031 |
12.4 Middle East Pressure Vessel Composite Materials Market, Revenues & Volume, By Application, 2021 - 2031 |
12.5 Middle East Pressure Vessel Composite Materials Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Pressure Vessel Composite Materials Market Key Performance Indicators |
14 Global Pressure Vessel Composite Materials Market - Export/Import By Countries Assessment |
15 Global Pressure Vessel Composite Materials Market - Opportunity Assessment |
15.1 Global Pressure Vessel Composite Materials Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Pressure Vessel Composite Materials Market Opportunity Assessment, By Material, 2021 & 2031F |
15.3 Global Pressure Vessel Composite Materials Market Opportunity Assessment, By Application, 2021 & 2031F |
15.4 Global Pressure Vessel Composite Materials Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Pressure Vessel Composite Materials Market - Competitive Landscape |
16.1 Global Pressure Vessel Composite Materials Market Revenue Share, By Companies, 2024 |
16.2 Global Pressure Vessel Composite Materials Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |