Global Composite Materials for Hydrogen Storage Bottles Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Composite Materials for Hydrogen Storage Bottles market size was valued at US$ 1346 million in 2023 and is forecast to a readjusted size of USD 2784 million by 2030 with a CAGR of 11.3% during review period.

Composite materials for hydrogen storage bottles are engineered materials made by combining two or more constituents with significantly different physical or chemical properties, which when combined produce a material with characteristics different from the individual components 1 . These materials are crucial for hydrogen storage due to their high strength-to-weight ratio, enabling lightweight tanks capable of withstanding high pressures. Typically, these composites consist of reinforcing fibers (like carbon fiber or glass fiber) embedded in a matrix (like epoxy resin). This combination provides high tensile strength, resistance to fatigue and corrosion, and the ability to be molded into complex shapes, optimizing storage efficiency and safety.

The industry trend for composite materials in hydrogen storage is driven by the increasing demand for efficient and safe hydrogen storage solutions for various applications, including fuel cell vehicles, stationary power, and portable devices. Key trends include:

Increased use of carbon fiber: While glass fiber is still used for cost-sensitive applications, carbon fiber is becoming more prevalent due to its superior strength and lightweight properties, enabling higher storage pressures and greater vehicle range.

Development of advanced matrix materials: Research is focused on developing new resin systems with improved temperature resistance, chemical compatibility with hydrogen, and enhanced durability.

Focus on cost reduction: Efforts are being made to optimize manufacturing processes, reduce material costs, and develop more cost-effective composite materials to make hydrogen storage more commercially viable.

Standardization and safety: Industry standards and regulations are being developed to ensure the safety and reliability of composite hydrogen storage tanks. This includes rigorous testing protocols and quality control measures.

Integration with other technologies: Composites are being integrated with other technologies like liners (metallic or polymeric) to further enhance performance and safety.

This report is a detailed and comprehensive analysis for global Composite Materials for Hydrogen Storage Bottles market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Composite Materials for Hydrogen Storage Bottles market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2019-2030

Global Composite Materials for Hydrogen Storage Bottles market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2019-2030

Global Composite Materials for Hydrogen Storage Bottles market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2019-2030

Global Composite Materials for Hydrogen Storage Bottles market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Composite Materials for Hydrogen Storage Bottles

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Composite Materials for Hydrogen Storage Bottles market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Toray, Teijin, Zoltek, SGL Carbon, Hyosung, TAIRYFIL Carbon Fiber, Sinopec, Mitsubishi, Zhongfu Shenying Carbon Fiber, GW Compos, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Composite Materials for Hydrogen Storage Bottles market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Standard Modulus Fiber
Advanced Modulus Fiber

Market segment by Application
Automotive
Hydrogen Storage

Major players covered
Toray
Teijin
Zoltek
SGL Carbon
Hyosung
TAIRYFIL Carbon Fiber
Sinopec
Mitsubishi
Zhongfu Shenying Carbon Fiber
GW Compos
Jilin Chemical Fibre
Hexcel
Jiangsu Hengshen

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Composite Materials for Hydrogen Storage Bottles product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Composite Materials for Hydrogen Storage Bottles, with price, sales quantity, revenue, and global market share of Composite Materials for Hydrogen Storage Bottles from 2019 to 2024.

Chapter 3, the Composite Materials for Hydrogen Storage Bottles competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Composite Materials for Hydrogen Storage Bottles breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Composite Materials for Hydrogen Storage Bottles market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Composite Materials for Hydrogen Storage Bottles.

Chapter 14 and 15, to describe Composite Materials for Hydrogen Storage Bottles sales channel, distributors, customers, research findings and conclusion.